IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa Updated On Thu, Feb 8th, 2024 by Saurenergy International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […] Read more
The Pushback Against China’s Dominance In Solar Manufacturing Updated On Thu, Feb 8th, 2024 by Saurenergy Close on the heels of the European Solar Manufacturing Council (ESMC) virtually putting up its hands on the future of solar manufacturers in the continent comes news of US senators urging the Biden Administration to take action against ‘cheap” Chinese imports as well. The same Chinese imports have actually made solar more accessible and viable […] Read more
Nextracker Accelerates Distributed Solar Generation, Delivers 600 Projects Updated On Thu, Feb 8th, 2024 by Saurenergy Nextracker, an integrated solar tracker and software solution provider, announced it has surpassed 600 projects delivered in its distributed generation (DG) portfolio. Driven by customers realizing significant energy gains using its NX Horizon™ solar tracker systems, Nextracker’s DG projects are deployed worldwide in commercial and industrial applications, including data centers, farming, retail, education, and manufacturing […] Read more
Bihar Pins Hopes On Lakhisarai Solar Project To Increase RE Capacity Updated On Fri, Feb 2nd, 2024 by Saurenergy Bihar, struggling to increase its renewable capacity due to several challenges, has now pinned its hope on the proposed Lakhisarai solar project. The 185 MW solar power project at Kajra in the Lakhisarai district of Bihar will increase the state’s renewable capacity by around 44 percent. As per the latest data from the Central Electricity […] Read more
Solar & Storage Solutions OTR Finance Manager Updated On Thu, Feb 1st, 2024 by Saurenergy The Solar and Storage Solutions OTR Finance Manager will be responsible for orchestrating the process to estimate, analyze and report the financials of the Solar and Storage projects organization, comprising of equipment and service projects. This is a critical global role within the Solar & Storage Solutions finance organization that requires the ability to influence […] Read more
UREDA Invites Bids for 250 MW Solar Power Projects in Uttarakhand Updated On Thu, Feb 1st, 2024 by Saurenergy In its latest tender, the Uttarakhand Renewable Energy Development Agency (UREDA) has sought bids to empanel developers for the establishment of 250 MW grid-connected solar power projects under the “Mukhyamantri Saur Swarojgar Yojana in the state. The Expression of Interest (EOI) for empanelment of the firms is regarding design, manufacture, supply, erection, testing, commissioning, and […] Read more
ALMM To Keep Margins Of Solar Module Makers At 12-14% Next Fiscal: CRISIL Updated On Tue, Jan 30th, 2024 by Saurenergy A latest forecast from CRISIL Ratings said that the implementation of the Approved List of Models and Manufacturers (ALMM) from April 1, 2024, is expected to help keep operating margins of domestic module makers strong at 12-14% in fiscal 2025, in line with the level likely this fiscal. Healthy domestic and export demand will help, […] Read more
Delhi Govt Announces ‘Free Electricity’ For Solar Rooftop Users Updated On Mon, Jan 29th, 2024 by Saurenergy Delhi Chief Minister Arvind Kejriwal promised a ‘zero electricity bill’ for energy users who opt for rooftop solar today. The CM said the government had made a special provision in the upcoming Solar Policy to give solar prosumers free electricity in Delhi. The state cabinet recently approved the state solar policy. The government will soon […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
