Enphase to Buy SunPower’s Microinverter Business Updated On Thu, Jun 14th, 2018 by Saurenergy According to the Enphase Energy, The five-year agreement is intended to accelerate global adoption of AC modules as the de facto residential solution. After trading hours, the Enphase Energy announced that it plans to acquire microinverter business of SunPower for $25 million in cash and $ 7.5 million in shares of Enphase common stock. According […] Read more
Renewable Energy Pact with Peru Approved by Union Cabinet Updated On Thu, Jun 14th, 2018 by Saurenergy The agreement aims to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit equality and reciprocity. For the promotion of renewable energy projects in the country, a Union cabinet chaired by Prime Minister Narendra Modi approved an […] Read more
TN to Invest 5,000 Crore in Renewable Energy Updated On Wed, Jun 13th, 2018 by Saurenergy A dedicated central public sector undertaking for solar power, SECI, is working elsewhere on the theme of floating solar projects as well. SECI, at the beginning of this year, issued tenders for a 150 MW plant for Rihand Dam in Uttar Pradesh. To set the voyage for the total transformation of the state’s transmission infrastructure […] Read more
GE Power Launches New ADMS Soln to Support TPDDL’s Efforts to Modernize Delhi’s Electric Grid Updated On Wed, Jun 13th, 2018 by Saurenergy This newly launched solution will facilitate advanced monitoring, analysis and improve control and planning operations, enabling TPDDL to enhance the reliability, safety, and efficiency of Delhi’s distribution network. GE Power’s grid solutions business has launched a first-of-its-kind Advanced Distribution Management Solution (ADMS) in India in collaboration with Tata Power Delhi Distribution (TPDDL). The project has […] Read more
Kumbaya Becomes Member of GOGLA to Connect the Unconnected Updated On Tue, Jun 12th, 2018 by Saurenergy The company’s mission is to connect the unconnected, bringing people in off-grid communities access to zeroXess, an economically-priced home energy and communication hub. California-based solar energy firm Kumbaya, the company behind the zeroXess solution for off-grid power, connectivity and content, has got the membership in the Global Off-Grid Lighting Association (GOGLA), an independent, not-for-profit industry […] Read more
Greenko’s Equity Raise, Acquisition Credit Positive, says Moody’s Report Updated On Tue, Jun 12th, 2018 by Saurenergy Greenko will acquire Orange Renewables Singapore for a total enterprise value of approximately USD 922 million, which has 907 MW of solar and wind assets and pipeline assets of over 500 MW. Backing the renewable energy company’s buyout move, credit rating agency Moody’s Investors Service in its report said that, the acquisition of Orange Renewables […] Read more
Cleanergy Now Becomes Azelio; Raises 100 Mn SEK via Pvt Placement Updated On Mon, Jun 11th, 2018 by Saurenergy The move has come as a representation of the company’s solar focus and to better differentiate from the competition on the global arena. In order to accelerate the commercialization of its unique solar energy technology, storage solutions provider Cleanergy has changed its name to Azelio. The move has come as a representation of the company’s […] Read more
Make in India: Country’s First Technology Transfer Pact for Li-Ion Batteries Inked Updated On Mon, Jun 11th, 2018 by Saurenergy The agreement was signed between Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd. To boost the government’s Make in India initiative, a Memorandum of Understanding (MoU) on first transfer of technology for the country’s Lithium Ion (Li-ion) batteries was signed […] Read more
Finland’s Fortum to sell 54% Stake in Indian Projects Updated On Fri, Jun 8th, 2018 by Saurenergy “This project demonstrates the growing maturity of India’s secondary market for renewables – creating an environment in which private investors have the confidence to invest in new greenfield projects that will accelerate the decarbonization of India’s economy” With an aggregate capacity of 185 MW in India, Finland’s Fortum sign an agreement to sell a 54% […] Read more
