CERC Favors Mahindra Renewables in Dispute With MPPMCL and DMRC Updated On Mon, Nov 15th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently gave a judgement in favour of Mahindra Renewables Private Limited, accepting most of its pleas for compensation from M.P. Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) on account of a ‘Change in Law’ event in the power purchase agreement (PPA) executed among the three […] Read more
Norway Will Help Vietnam Uncover its Offshore Wind Power Potential Updated On Mon, Nov 15th, 2021 by Saurenergy Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the ‘Vietnam Supply Chain Study Report’ to Vietnamese Minister of Industry and Trade Nguyen Hong Dien. The 70-page report provides an overview of the entire supply chain for Vietnam’s offshore wind industry, recommendations on what Vietnam can prioritise to stimulate the […] Read more
Japanese Wind Turbine Can Harness Typhoon Energy Updated On Mon, Nov 15th, 2021 by Saurenergy As governments and companies globally rush to install as much renewable energy capacity as possible to cut carbon emissions, areas often not suitable for solar arrays or wind farms are opening up for development with advances in technology. In Japan, a start-up called Challenergy has designed a wind turbine that works in cyclonic conditions, which typically […] Read more
UK Researchers to Develop Anti-soiling Coating for Solar Modules Updated On Mon, Nov 15th, 2021 by Saurenergy Solar experts from Loughborough University have been awarded funding to create a durable and scalable anti-soiling coating for solar modules. Project lead Professor Michael Walls, Professor of Photovoltaics for Power Systems in the university’s Centre for Renewable Energy Systems Technology (CREST), says the three-year-long study, funded by the Engineering and Physical Sciences Research Council (EPSRC), […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
Suzlon Group Q2 FY22 Results: Rs 12.40 Cr Net Loss Updated On Mon, Nov 15th, 2021 by Saurenergy Pune-headquartered renewable energy solutions provider Suzlon Group has announced its second quarter results for the financial year 2021-22 (Q2 FY22). Suzlon reports a net loss of Rs. 12.40 crores. Other key highlights of Suzlon Group Financial Results Q2 FY22 are as follows: Revenue : Rs. 1,346.51 crores EBITDA: Rs. 232.71 crores EBITDA margin: 17.28 % EBIT: Rs.171.45 […] Read more
Engie, Credit Agricole Agree To buy Spanish Form Eolia Renewables for €2 bn Updated On Mon, Nov 15th, 2021 by Saurenergy French energy major Engie and insurance firm Crédit Agricole Assurances acquiring Spanish renewable energy company Eolia Renovables. By the end of the transaction, the two firms will own 97.33 % of Eolia. The deal will add 821MW of onshore wind capacity, 78MW of solar photovoltaic (PV) capacity and a pipeline of renewable projects whose total […] Read more
October India RE Highlights From MNRE Report For Union Cabinet Updated On Mon, Nov 15th, 2021 by Saurenergy In its monthly summary of key highlights, recently shared for the month of October, the Ministry of Renewable Energy (MNRE) has focused on renewable energy additions, international conferences and important developments in the work of Solar Energy Corporation of India (SECI). The ministry informs that a total of 1522.35 MW of renewable energy (RE) capacity […] Read more
UK To Provide Credit For Turney’s Largest Solar Project Updated On Mon, Nov 15th, 2021 by Saurenergy The UK Export Finance (UKEF) said on Monday it would provide over £217 million ($291.04 million) in export credit for the financial closure and construction of Turkey’s largest solar facility. This will be the largest ever commitment from UKEF for a renewable energy project, indicating the clear shift in priorities underway at European governments post […] Read more
