Green Firm Vena Energy Bags $500 mn Credit Facility from 8 lenders Updated On Fri, May 28th, 2021 by Saurenergy Vena Energy announced yesterday that it has signed its first sustainability-linked revolving credit facility of JPY52.8 billion (approximately US$500 million) from eight lenders including BNP Paribas, Crédit Agricole CIB, DBS Bank Ltd, ING Bank, MUFG, Intesa, SMBC and Mizuho. The company is an independent power producer and an integrated pure-renewable energy company in the Asia-Pacific region. […] Read more
Solis Seminar Episode 22: Solutions for Error Code “GRID INTF” Updated On Thu, May 27th, 2021 by Saurenergy The power grid is a fragile and complex system and its operation will affect connected equipment. At the same time, the abnormal operation of connected equipment will also affect it causing what’s known as, “grid disturbance”. Grid disturbance is a relatively common type of a grid-side fault. The frequency of its occurrence is second only […] Read more
EDP Group to Invest Over €1 Billion in Green Energy in Galacia, Spain Updated On Thu, May 27th, 2021 by Saurenergy Lisbon-headquartered electric utilities company EDP- Energias de Portugal recently announced its plans to invest more than 1 billion euros in Galicia, Spain, over the next 10 years, to develop renewables and support the region’s on-going transition to a new energy and economic model, within the framework of the European Next Generation funds. The Portugal company […] Read more
IFC Supports Wind Projects to Advance Renewable Energy in Vietnam Updated On Thu, May 27th, 2021 by Saurenergy As Vietnam transitions to cleaner low-carbon power generation to help meet the country’s growing demand for electricity, IFC, a member of the World Bank Group, is funding the development and construction of two wind power projects in Central Vietnam. IFC is providing a financing package of $57 million to Thuan Binh Wind Power Joint Stock […] Read more
7th PVEL Scorecard Ranks 26 Module Manufacturers as Top Performers Updated On Thu, May 27th, 2021 by Saurenergy California-headquartered PV Evolution Labs (PVEL), an independent test lab for the downstream solar and energy storage industry, recently published its 2021 PV Module Reliability Scorecard, which names 117 model types of PV modules from 26 manufacturers as Top Performers in PVEL’s testing. The 7th edition of the Scorecard applauds the widespread adoption of technical advances […] Read more
Spain’s Policy Plans to bring Successful Energy Transition through RE: IEA Updated On Thu, May 27th, 2021 by Saurenergy Spain has laid out ambitious plans to transform its energy system, requiring strong policy support to ensure the needed investments, new IEA policy review says Spain has made considerable progress towards its goal of reaching net zero emissions by 2050, but future gains need to be supported by stable policies, adequate public financing and incentives […] Read more
Report Places Jinko At No.1 In Module Shipments to India In Q1 Updated On Wed, May 26th, 2021 by Saurenergy Q1 (Jan to Mar) of 2021 module shipments data for India tracked by JMK Research and Analytics has placed Jinko Solar, as the no. 1 module seller in India. Jinko’s performance comes despite disruptions caused by COVID-19. The report states that India added 3.9GW of solar installations in the first quarter of 2021. JinkoSolar, with a […] Read more
APTEL Asks KERC to Decide Compensation owed to Fortum by DISCOMs Updated On Wed, May 26th, 2021 by Saurenergy The Appellate Tribunal for Electricity (APTEL) recently gave a judgement in favour of Fortum Solar India Private Limited after the solar power developer petitioned it, seeking compensation from various DISCOMs. The full judgement can be read here. The tribunal not only directed the Karnataka Electricity Regulatory Commission (KERC) to determine the incremental tariff payable to Fortum, […] Read more
US Plans First-ever Offshore Floating Wind Farms Off California Coasts Updated On Wed, May 26th, 2021 by Saurenergy The US government along with the state government of California revealed their plans of installing first-ever floating offshore find warms over the coastal regions of California at Morro Bay and Humboldt Bay. The agreement includes numerous wind turbines at Morro and Humbolt Bay expected to generate energy enough to power around 1.6 million homes in […] Read more
