Solis Strengthens Bankability Rank For Buyers Updated On Mon, Feb 5th, 2024 by Saurenergy In a key development Ginlong (Solis) has announced its notable position in the 2023 BloombergNEF (BNEF) Inverter Bankability Survey. The survey, engaging diverse industry stakeholders such as banks, solar engineering contractors, and technical advisers, sheds light on the solar inverter bankability landscape. Bankability rankings serve to reassure financial institutions backing solar projects on the quality […] Read more
Nextracker Continues Strong Show, Q3 EBITDA Up 168% YoY Updated On Fri, Feb 2nd, 2024 by Saurenergy US based solar tracker firm Nextracker, in its first earnings announcement since turning a completely independent firm has delivered a stellar set of results. Nextracker’s adjusted earnings before inflation, taxes, depreciation and amortisation (EBITDA) in Q3 FY24 reached US$168 million, more than doubling over the EBITDA in the last 12 months with a 168% year-on-year […] Read more
Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio Updated On Fri, Feb 2nd, 2024 by Saurenergy Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […] Read more
Strata Clean Energy Commences 1GW Battery Storage Project in Arizona Updated On Thu, Feb 1st, 2024 by Saurenergy US-based Strata Clean Energy, the grid-scale renewable energy solutions company, initiated the works for for its Scatter Wash battery storage complex in Phoenix, Arizona. The 255 MW / 1,020 MWh facility is expected to become operational in April 2025. The project’s batteries can store enough electricity to power more than 250,000 homes for 4 hours […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
NHPC Invites Bid for 1200 MW Wind Plant in Central, South India Updated On Thu, Feb 1st, 2024 by Saurenergy Indian public sector hydropower company NHPC has invited bids for wind power projects for a contracted capacity of 1200MW from Inter-State Transmission System (ISTS) connected Wind Power Projects under Tariff Based Competitive Bidding (TBCB) that will be conducted online. The last date for the submission of the bid is 28th February 2024 and the opening […] Read more
Railways Awards Contracts To 6 Firms For Its 750MW RE Project Updated On Wed, Jan 31st, 2024 by Saurenergy The Indian Railways has chosen six renewable energy companies to develop 750 MW of Round-The-Clock (RTC) renewable power. This comes after it released a tender earlier last year seeking developers. The Railway Energy Management Company Limited (REMCL) floated the tender. REMCL is a joint venture of the Indian Railways and RITES Ltd. As per the […] Read more
TagEnergy, Vestas Join Forces To Develop 220-MW Spanish Wind Portfolio Updated On Wed, Jan 31st, 2024 by Saurenergy Global clean energy enterprise TagEnergy and wind energy major Vestas have come together to develop 220-MW wind portfolio in Spain. The joint venture will see Vestas acting as lead developer and TagEnergy will draw on its experience developing wind farms to determine and shape the most cost-efficient model. The new wind energy project will come […] Read more
Amazon Signs Pact With ENGIE To Procure 473MW RE From Wind Farm Updated On Tue, Jan 30th, 2024 by Saurenergy Amazon signed a corporate power purchase agreement (CPPA) with ENGIE, increasing its output share from Ocean Winds’ Moray West offshore wind farm. The agreement would bring Scotland’s total renewable energy capacity operational this year to 473MW when the site becomes operational later this year. ENGIE stated, “This is enough energy to power more than 650,000 […] Read more
