IFC Partners With ACWA Power to Support Uzbekistan’s Energy Transition Updated On Wed, Oct 30th, 2024 by Saurenergy IFC announced today a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector on the sidelines of the 8th Future Investment Institute conference at Riyadh in Saudi Arabia. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of […] Read more
PPA of 15 years Among Key Changes Proposed in TBCB Norms By India’s Power Ministry Updated On Tue, Oct 29th, 2024 by Saurenergy In Draft guidelines for Tariff based competitive bidding involving solar, wind, Hybrid, FDRE and Energy storage projects, India’s Ministry of Power has come out with a slew of proposed changes. The draft document has been released for feedback and suggestions, with a last day of submissions being 15 days from publishing of the guidelines, ie, […] Read more
Public Capital and Solar Firms- Made For Each Other? Updated On Mon, Oct 28th, 2024 by Saurenergy What a difference four years can make! It was just over four years ago in September 2020 when SaurEnergy wrote about how access to capital markets was a glaring disadvantage for India’s aspiring solar firms vis-a-vis China. Highlighting the contrasting performances of the few listed firms then, namely, Adani Green (Developer), Sterling and Wilson Solar […] Read more
After Floating Solar, Bihar Issues Tender For ‘Pond Solar Systems’ Updated On Wed, Oct 23rd, 2024 by Saurenergy After successfully installing floating solar systems on several water bodies, the Bihar government has now set its sights on deploying solar projects on private ponds. The Bihar State Power Generation Company Limited (BSPGCL) plans to add approximately 20 MW of new solar capacity through pond-based solar systems and has recently issued a tender to this […] Read more
From 100 MW to 1200 MW-Macwin Solar On Expansion Drive Updated On Tue, Oct 22nd, 2024 by Saurenergy In another addition to India’s expanding solar manufacturing infrastructure, Surat-based Macwin Solar Energy has announced the expansion of its solar panel manufacturing capacity, along with the launch of a new high-tech facility. the firm currently has a capacity of 100MW at its 10,000 square feet plant in Surat. Established in 2013 as a textile business […] Read more
Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie Updated On Tue, Oct 22nd, 2024 by Saurenergy Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. […] Read more
Hoymiles Microinverters Offer An Efficient Opportunity To Ride The Solar Boom In India Updated On Mon, Oct 21st, 2024 by Saurenergy India has emerged as one of the fastest-growing solar markets in the world. With government policies, technological advancements, and increasing demand, solar power is poised to become a mainstream energy source in India’s clean energy transition. Why is it the best time to go solar in India? The year 2024 represents a promising start for […] Read more
Prozeal Gets SECI’s Solar Plus Battery Energy Storage Project In Leh Updated On Fri, Oct 18th, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) allotted Gujarat-based solar company Prozeal Green Energy a solar plus battery energy storage project at Leh. SECI, earlier had issued a tender for selection of project developers for a 25 MW (AC) Solar PV Power Plant (50 MWp) with a 20 MW/50 MWh battery energy storage system at […] Read more
TOYO Announces Plans For 2 GW Solar Cell Manufacturing Facility Updated On Tue, Oct 15th, 2024 by Saurenergy NASDAQ-listed solar company TOYO Co. Ltd has announced its plan to establish a solar cell manufacturing facility with an expected annual capacity of 2 Gigawatts (GW). The company has signed a lease agreement for the new facility that is strategically located in Hawassa, Ethiopia, taking advantage of the country’s favorable investment policies, tariff status, and […] Read more
