US Probe Identifies 4 Firms For Avoiding Trade Laws Against China Updated On Tue, Dec 6th, 2022 by Saurenergy The U.S. Department of Commerce has identified Canadian Solar, BYD Hong Kong, Trina Solar and Vina Solar as firms possibly guilty of trying to evade US trade laws when it comes to import of Chinese origin solar cells and modules to the US. Announcing its preliminary determinations in a recent circumvention case tied to solar cells […] Read more
Big Win For Sungrow In Brazil With 580 MW Solutions for Voltalia Updated On Tue, Dec 6th, 2022 by Saurenergy Sungrow, the global market leader in the supply of photovoltaic inverters, is supplying the PV inverters for the Serra do Mel 1&2 Photovoltaic Complex, owned by French energy major Voltalia, with operations in 20 countries. The Brazilian project is located in the state of Rio Grande do Norte. The photovoltaic plants located in Rio Grande […] Read more
E-battery recycler Lohum Aims to Increase Topline by Three Times This Fiscal Updated On Mon, Dec 5th, 2022 by Saurenergy Greater Noida-based manufacturer and recycler of lithium-ion battery packs, Lohum has stated that strong demand is expected to fuel a three-fold increase in its topline this fiscal year to over Rs 300 crore. According to Lohum Cleantech, the lithium-ion battery business is predicted to grow 11-fold between 2020 and 2030, prompting the company to develop […] Read more
IEX Power Market Update For November Updated On Mon, Dec 5th, 2022 by Saurenergy The Indian Energy Exchange, India’s premier energy exchange, achieved 7764 MU total volume traded in November 2022, including Green Power trade of 354 MU, and 3.72 lac RECs (equivalent to 372 MU). The total electricity volume traded on the Exchange in November’22 was 7392 MU, an increase of 9% on YoY. However, the overall volume […] Read more
Amazon Debuts Hybrid Projects Globally with 300 MW in Madhya Pradesh & Karnataka Updated On Fri, Dec 2nd, 2022 by Saurenergy In Madhya Pradesh and Karnataka, Amazon India is set to establish 300 MW hybrid project (wind-solar). The projects would be established alongside Vibrant Energy, a subsidiary of a portfolio business of Macquarie’s Green Investment Group (GIG). Amazon said in a statement that this is one of the “biggest wind-solar hybrid corporate power purchase agreements (PPA) […] Read more
Germany Looks to Fund India’s Energy Transition Projects with €1 billion Updated On Fri, Dec 2nd, 2022 by Saurenergy Germany has proposed to fund India’s energy transition projects with €1 billion. The projects are to be executed all over the country under a bilateral partnership between the two countries on green and sustainable development. As per discussions held between India and Germany, the funding will pave the way for over 20 projects spread over […] Read more
Tata Power Renewable Energy Bags 255 MW of Hybrid Projects For Delhi Updated On Fri, Dec 2nd, 2022 by Saurenergy It’s all within the group as Group Firm Tata Power Renewable Energy (TPREL) bagged the 255 MW Wind-Solar Hybrid auction from Tata Power Delhi Distribution Limited (TPDDL). The supplies are meant for the Delhi market, where TPDDL is one of the 3 discoms operating, besides the two BSES discoms. The winning bid of Rs 3 […] Read more
India’s L&T & Japan’s SMBC Conclude $107 Mn Sustainability Linked Loan Updated On Fri, Dec 2nd, 2022 by Saurenergy A Japanese multinational banking and financial services institution, Sumitomo Mitsui Banking Corporation (SMBC), and India’s multinational conglomerate company Larsen & Toubro Limited (L&T) recently successfully finalised a three-year, $107 million sustainability-linked loan. SMBC was the sustainability coordinator and lender. In a statement, L&T noted that its continuous dedication to its environmental, social, and governance (ESG) […] Read more
Adani Green Raises $200 Mn Through Yen-Denominated Refinancing Deal Updated On Fri, Dec 2nd, 2022 by Saurenergy Adani Green Energy Ltd (AGEL) has raised a Japanese yen-denominated loan to refinance its current debt for 350 MW of solar projects in the Indian state of Andhra Pradesh. This was done through its subsidiary Adani Solar Energy AP Six. The facility consists of an amortizing project loan for JPY 27,954 million ($200 million), with […] Read more
