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solar power energy

USA’s Avangrid Developing Over 500 MW Solar Farms in Texas & Ohio

Renewable energy firm Avangrid, continues to strengthen its presence in the renewable energy industry of the USA with two new solar farms that it is constructing in Texas and Ohio. Connecticut-headquartered Avangrid said that the two solar energy projects will cumulatively generate 523.5 MW of clean and affordable power for these states. Avangrid is a […]

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India Adds Just 487 MW of Solar Capacity in February 2023

As per the latest figures of installed capacity of renewable energy released by the CEA (Central Electricity Authority), India’s solar capacity rose to a little over 64380 MW as on February 28, 2023. In January 2023, the total solar power capacity stood at a little more than 63893 MW. Thus, over the span of a […]

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Punjab Invites Bids for 10 MW Cumulative Grid-Connected Rooftop Solar PV Systems

Punjab Energy Development Agency has issued a tender for the implementation of a tentative 10 MW cumulative grid-connected rooftop solar PV systems under RESCO mode at various locations in the state of Punjab. The tender fee is Rs 5,000. The processing fee is Rs 2,360. The EMD amount is Rs 20,00,000 (two lacs per MW […]

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Amarenco Acquires 204 MW Spanish Solar Project from Hanwha Energy

South Korean energy giant Hanwha Energy has announced that it has sold a 204 MW solar power project that was being developed in Spain to Amarenco. Hanwha has not disclosed the financial details of the deal. Amarenco is an Ireland-based independent power producer (PPA). The solar energy project that is sold by Hanwha Energy was […]

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Europe’s Solar Energy Surge: A Promising Solution Or Just A Palliative?

Europe is in the middle of its biggest ever solar build out currently, as it seeks to build more solar capacity for every reason from more energy security to clean energy. But can solar deliver for Europe? Is it the panacea to energy security in the long term? Or is it doomed to over promise […]

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SJVN & Indian Oil to Form JV for Renewable Energy Projects

CPSU SJVN and Indian Oil Corporation have inked an agreement to form a joint venture for renewable energy projects. This was revealed by SJVN Chairman & Managing Director Nand Lal Sharma while adding that both SJVN and IOCL will employ their core strength for project development. The new firm will look into the development of […]

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USA’s Renewable Energy Firm Leeward Secures $180 Million for 200 MW Solar Project

USA-based renewable energy firm Leeward Renewable Energy has announced the close of about $75 million in construction to term financing from MUFG Bank and about $105 million tax equity commitment from Wells Fargo for the Horizon Solar Facility located in Texas. Leeward said that Mitsubishi UFJ Financial Group (MUFG) served as the green loan structuring […]

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Global Solar Developer Lightsource BP Marks Entry into German Market

Global solar developer Lightsource BP has put a new local team in place in Berlin. With this, the solar developer has forayed into the German market. With its entry into Germany, the firm has expanded its European presence to ten countries. Germany has set itself the ambition of 215 GW of solar by 2030. Currently, […]

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