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Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis

Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […]

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Renewable Energy Now Accounts For a Third of Global Power Capacity: IRENA

The sector added 171 GW of generating capacity in 2018, with total renewable energy generation capacity reaching 2,351 GW at the end of the year. The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 GW, according to new data released by the International Renewable Energy Agency […]

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LONGi Solar Wins Order For Ukraine’s Second Largest Solar Plant

LONGi Solar will deliver 63.8 MW monocrystalline PERC modules and provide technical support during project implementation. In Ukraine, the second-largest solar power plant in Panovtsy, Kamianets-Podilskyi, in the Khmelnytskyi district, has been put into operation. The solar power plant is a joint venture of ICU, an independent asset manager, private equity, and investment advisory firm […]

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Battery Management System Market Is Projected To Reach $11.17 Billion By 2025: Report

According to a report published by Grand View Research, The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for Battery Management System Market. Lithium-ion batteries are used in applications requiring high-energy density solutions.   According to a report, “Battery Management System Market Analysis By Battery Type […]

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Climate Change Affecting India’s Wind Power Generation: Study

Increased warming in the Indian Ocean and the resultant weakening of the Indian summer monsoon may come in the way of India’s goal of leading the world’s wind power generation. The potential electricity production has reduced by about 13% in the past 40 years Researchers from Harvard University, US, and National Climate Center in Beijing, […]

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L&T Construction Bags Contracts worth Rs 2,500 Cr – Rs 5,000 Cr for PT&D Biz

Moreover, some other orders have also been won by the company for solar powered irrigation systems. The construction arm of Larsen & Toubro, L&T Construction, has secured a number of Engineering, Procurement and Construction (EPC) orders worth Rs 2,500 crore to Rs 5,000 crore for its power transmission & distribution (PT&D) business in India and […]

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IREDA Issues RfP For Empanelment of Resource Assessment Agencies For Solar & Wind Energy

The last date for submission of proposals is April 29, 2019. The Indian Renewable Energy Development Agency (IREDA) has issued a Request for Proposal (RfP) inviting proposals fro the empanelment of resource assessment agencies for solar and wind energy. The empanelment for resource assessment agencies is being done for Wind and Solar technologies, separately. The […]

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Duke Energy Proposes $76 Mn Electric Mobility Program in North Carolina

The proposal will help fund the adoption of electric school buses, electric public transportation, and will lead to almost 2,500 new charging stations in the state. As part of its commitment to building a cleaner and smarter North Carolina, Duke Energy is proposing the largest investment in electric vehicle (EV) infrastructure ever in the Southeast – […]

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India and Chile Should Jointly Promote Solar Energy Globally : President

Kovind said that India looks forward to working with Chile to promote solar energy worldwide and enhance global action to combat climate change.  President Ram Nath Kovind recently discussed wide-ranging issues of mutual interest with his Chilean counterpart Sebastian Pinera as the two sides signed three MoUs in the fields of mining, culture and disability.  Kovind, who arrived after visiting […]

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