Iberdrola Commences Work on $340 million Spanish Solar Plant Updated On Wed, Mar 20th, 2019 by Saurenergy Spanish utility Iberdrola has commenced work on a 500-megawatt (MW) solar photovoltaic power plant in Badajoz, Spain. It is its first PV project in Europe. The facility, Iberdrola’s first photovoltaic plant in Europe, will use 1.5 million panels spread across a 1,000-hectare site. The company will invest around 300 million (US$340 million) euros in its development. Iberdrola […] Read more
ENEL Acquires 650 MW of Renewable Capacity From EGPNA REP Updated On Wed, Mar 20th, 2019 by Saurenergy The overall consideration paid for the transaction amounts to approximately 256 million US dollars, for an enterprise value equal to around 900 million US dollars. Enel S.p.A., acting through its renewable subsidiary Enel Green Power North America Inc. (EGPNA), finalised the acquisition of 100 percent of seven fully operational renewable plants totalling 650 MW from […] Read more
Lakshmi Machine Works to Commission its First Solar Power Plant Updated On Wed, Mar 20th, 2019 by Saurenergy The 10 MW photovoltaic solar power generating facility will come up at Kondampatti in Coimbatore district. Coimbatore-based Lakshmi Machine Works has forayed into solar power generation, with its first facility to be inaugurated on March 24, 2019, in Tamil Nadu. The 10 MW photovoltaic solar power generating facility will come up at Kondampatti in Coimbatore […] Read more
China’s Ambitious Solar Power Space Project is a bet on the future Updated On Wed, Mar 20th, 2019 by Saurenergy China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […] Read more
ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada Updated On Wed, Mar 20th, 2019 by Saurenergy The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030. The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […] Read more
First Bids Under IL&FS Asset Monetisation Expected Soon Updated On Mon, Mar 18th, 2019 by Saurenergy The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […] Read more
Intersolar India West to Showcase Latest Developments & Opportunities For Solar Industry of Western India Updated On Mon, Mar 18th, 2019 by Saurenergy Maharashtra is the growth engine of India’s economy taking strident steps to be among the top PV states in India. Leading with its solar rooftop market and being the capital for India’s financial industry, Mumbai is the best place for doing solar business in India’s western regions. Intersolar India West will open its doors on […] Read more
GE to Modernise Rajasthan’s Transmission Grid Updated On Sat, Mar 16th, 2019 by Saurenergy GE will modernise the Rajasthan Transmission Grid with First-of-Its-Kind Advanced Grid Management Project in India, becoming the first state to implement game-changing power transmission technology. GE Renewable Energy’s Grid Solutions business today announced that it has been awarded a technology-driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL) as part of the […] Read more
Hanergy Launches Netherland’s Largest Thin-Film Solar Power Industrial Park Updated On Sat, Mar 16th, 2019 by Saurenergy The 11.4 MW park spans across 22 hectares and aims to produce annually the electricity equivalent for 3,500 households in the Netherlands. The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group, has officially launched Roodehaan solar park in Groningen, Netherlands, generating power equivalent for 3,500 households annual consumption in the Netherlands. The event […] Read more
