Trinasolar Gets €150 Mn Credit Facility To Support IPP Transition Updated On Wed, Sep 11th, 2024 by Saurenergy Trinasolar (Luxembourg) Holdings S.A.R.L., a subsidiary of Trina Solar Co., Ltd., has secured a €150 million revolving credit facility from Banco Santander to accelerate the growth of its downstream division, Trinasolar International System Business Unit (ISBU). The company now plans to focus on the development of utility-scale solar power and battery storage projects with this […] Read more
Ministry Of Finance Grants Navratna Status To SECI, NHPC And SJVN Updated On Mon, Sep 2nd, 2024 by Saurenergy In a significant indicator of their growing stature and performance, the Ministry of Finance recently conferred ‘Navratna’ status to three Central Public Sector Enterprises (CPSE) namely, Solar Energy Corporation of India (SECI), National Hydroelectric Power Corporation (NHPC), and SJVN to develop and expand Renewable Energy (RE) capacity in India under the Ministry of New and […] Read more
Solar Generation In India Improved In FY24: Fitch Ratings Updated On Mon, Sep 2nd, 2024 by Saurenergy In the financial year ending March 2024 (FY24), India saw improved power generation performance. However, overall power generation was slightly below the one-year P90 forecasts, Fitch Ratings reports. Fitch Ratings, a credit rating organization headquartered in both New York and London, observed an increase in generation at the portfolio level. The company reported a 4% […] Read more
SBI Caps Report Sees Avenues For Banks In Indian Solar Manufacturing Sector Updated On Tue, Aug 27th, 2024 by Saurenergy A recent report by SBI Caps has indicated new avenues for the formal banks in the country for financing solar module manufacturing projects. Bolstered with the expected rise in the production of solar cells, solar modules and other backward integration by domestic players, the report talked about a likely chance of increased participation of banks […] Read more
Mergence, Solarise Africa Invest R160 Million In South Africa Updated On Tue, Aug 27th, 2024 by Saurenergy Solarise Africa, an Energy-as-a-Service company, has announced a strategic partnership with Mergence Investment Managers, securing an R160 million investment to expand Commercial & Industrial (C&I) renewable energy solutions across South Africa. The introduction of local debt and a mezzanine facility will enhance the company’s ability to increase its industry presence and impact renewable energy adoption. […] Read more
Continuum Green Energy Secures $150Mn To Deploy RE Projects Across India Updated On Tue, Aug 20th, 2024 by Saurenergy Continuum Green Energy (Continuum), a leading renewable energy group in India serving commercial and industrial consumers, has entered into a definitive agreement with Just Climate. Under this agreement, Just Climate will invest Rs. 12.56 billion (approximately US$ 150 million) in new equity to support Continuum’s ongoing deployment of wind-solar-hybrid energy generation and storage projects across […] Read more
Ruloans, UGRO Capital Foray Into Rooftop Solar Financing Biz Updated On Tue, Aug 20th, 2024 by Saurenergy Ruloans, a credit distribution company in India, entered into a partnership with UGRO Capital, a DataTech MSME-lending platform, to tap into the growing renewable energy finance market. Ruloans is a direct sales agent (DSA) for all financial services, including loans, credit cards, and insurance. It recently added rooftop solar finance products into its loan portfolio […] Read more
SPECIAL REPORT: UP’s Time To Shine In Solar Updated On Thu, Aug 1st, 2024 by Saurenergy At a recent Solar Trailblazers event in Lucknow in July, organised by Saur Energy, Uttar Pradesh Deputy Chief Minister Brajesh Pathak told a hall-packed audience that this is the ‘best time’ in India to go for solar. He was referring to the higher subsidies given to the rooftop solar consumers under the ambitious PM Surya […] Read more
News In Brief July 30: Vestas Offshore Wind Farm, IFC Lent $1Bn, Siemens’ Hydrogen Project Updated On Tue, Jul 30th, 2024 by Saurenergy Vestas Secures 795 MW Offshore Wind Farm Vestas has received a wind turbine order for the OranjeWind offshore wind farm, formerly known as Hollandse Kust West VII, in the Netherlands. Vestas is responsible for the supply of 53 V236-15.0 MW wind turbines and for the supply, delivery, and commissioning of the turbines. Upon completion, Vestas […] Read more
