Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
Renewable Energy Now Accounts For a Third of Global Power Capacity: IRENA Updated On Tue, Apr 2nd, 2019 by Saurenergy The sector added 171 GW of generating capacity in 2018, with total renewable energy generation capacity reaching 2,351 GW at the end of the year. The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 GW, according to new data released by the International Renewable Energy Agency […] Read more
LONGi Solar Wins Order For Ukraine’s Second Largest Solar Plant Updated On Tue, Apr 2nd, 2019 by Saurenergy LONGi Solar will deliver 63.8 MW monocrystalline PERC modules and provide technical support during project implementation. In Ukraine, the second-largest solar power plant in Panovtsy, Kamianets-Podilskyi, in the Khmelnytskyi district, has been put into operation. The solar power plant is a joint venture of ICU, an independent asset manager, private equity, and investment advisory firm […] Read more
India and Chile Should Jointly Promote Solar Energy Globally : President Updated On Tue, Apr 2nd, 2019 by Saurenergy Kovind said that India looks forward to working with Chile to promote solar energy worldwide and enhance global action to combat climate change. President Ram Nath Kovind recently discussed wide-ranging issues of mutual interest with his Chilean counterpart Sebastian Pinera as the two sides signed three MoUs in the fields of mining, culture and disability. Kovind, who arrived after visiting […] Read more
Tata Power and IGL to Co-Develop EV Charging Stations and Solar Projects Updated On Tue, Apr 2nd, 2019 by Saurenergy Tata Power and IGL sign pact to jointly work on developing EV charging stations, swapping stations and solar power projects. Tata Power, one of India’s largest integrated power company, has signed an agreement with one of the country’s leading natural gas distribution companies, Indraprastha Gas Ltd (IGL) to co-develop electric vehicle charging stations, battery swapping […] Read more
SLDC Can’t Cut Down Renewable Power Per Convenience : TNERC Updated On Mon, Apr 1st, 2019 by Saurenergy TNERC outlined these findings in a petition regarding stopping issuance of backing down or curtailment instructions to solar projects. In a significant move for the energy sector, the Tamil Nadu Electricity Regulatory Commission (TNERC) has stated that State Load Dispatch Centre (SLDC) cannot curtail renewable power at their convenience, adding that backing down of the “Must Run Status” power shall […] Read more
SECI Extends Deadline For its Floating Solar Plus Storage Tender at Lakshadweep Updated On Mon, Apr 1st, 2019 by Saurenergy The last date of bid submission has been extended from April 1, 2019, to May 5, 2019. The Solar Energy Corporation of India (SECI) has extended the deadline for bid submission on its tender for setting up of 20 MW floating solar PV power plants with associated 60 MWh Battery Energy Storage System (BESS) at […] Read more
SolarMaxx Brings a Solar Carport at Mahaveer Cancer Hospital Updated On Mon, Apr 1st, 2019 by Saurenergy Solar Installations over your car parking areas, or carports as they are known, offer a convenient and effective option for institutions to start their solar journey. Here, we have the case of a healthcare institution traveling down that path. SolarMaxx, a leading PV module manufacturer in the country, has installed a solar carport at Mahaveer […] Read more
Sprng Buys Shapoorji Pallonji’s 194 MW Operational Solar Assets Updated On Mon, Apr 1st, 2019 by Saurenergy Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operating solar portfolio to Sprng Energy, a renewable energy platform in India by London-based private equity firm Actis. The deal size has not been disclosed. However, media reports suggest that solar asset’s enterprise value is close to $200 Million or over Rs. 13.8 […] Read more
