ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
Mytrah Energy reports USD 362.23mn in revenue Updated On Wed, Jun 14th, 2017 by Saurenergy The renewable power producer Mytrah Energy entered into PPAs for 140 MW of solar power capacity, bringing the total to 422 MW AC in Telangana, Punjab and Karnataka Renewable energy company Mytrah Energy Ltd. announced its full year results for the year ended 31 December 2016. The company reported full year revenues of USD 362.23mn, […] Read more
Cabinet Approves Raising of Bonds of Rs. 2360 crores for Renewable Energy Updated On Thu, May 25th, 2017 by Saurenergy MNRE will raise the bonds through the Indian Renewable Energy Development Agency, and the funds will be used for approved programmes/schemes for solar park, green energy corridor, generation-based incentives and more. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to Raising of Bonds of Rs. 2360 crores for […] Read more
Power Ministry Proposes Compensation for Grid Curtailment, to Benefit Renewable Energy Sector Updated On Wed, May 24th, 2017 by Saurenergy “If the proposal is adopted it will protect the cash flows to an extent from grid curtailments and also ensure a favourable operational environment for renewable energy projects. It will also be positive for wind and solar energy developers,” The government has proposed a compensation mechanism for existing renewable energy projects, which will protect the […] Read more
Enel Starts Construction of the America ’s Largest Solar PV Project in Mexico Updated On Mon, Apr 3rd, 2017 by Saurenergy The overall 754MW solar PV plants will be operational in the second half of 2018 and is expected to generate over 1700 GWh of solar power each year. Enel, through its Mexican renewable subsidiary Enel Green Power México (“EGPM”), has started construction works at its 754 MW1 Villanueva solar PV Plant in Viesca, Coahuila State, […] Read more
EDF EN Canada’s Vulcan Solar Project Receives Alberta Utilities Commission Approval Updated On Fri, Dec 16th, 2016 by Saurenergy EDF EN Canada a subsidiary of EDF Energies Nouvelles Group, announced the approval by the Alberta Utilities Commission (AUC) to construct and operate the Vulcan Solar Hybrid Energy Centre (Vulcan Solar Project). The proposed 77.5 megawatt (MWAC) solar photovoltaic (PV) facility is located in Vulcan County near the Village of Carmangay. Approval is granted subject […] Read more
The Clock is Ticking on Tax Credits for Renewable Energy Updated On Tue, Nov 29th, 2016 by Saurenergy Tax credits for renewable technologies such as geothermal heat pumps, small wind projects and combined heat/power generation are scheduled to expire at the end of 2016 unless Congress acts this month. Doug Dougherty of GEO (Geothermal Heat Pumps), Lloyd Ritter of the Distributed Wind Energy Association and Combine Heat & Power Association head Dale Louda, […] Read more
Gridlock Ahead? Transformer Shortage and the Renewable Energy Challenge Updated On Thu, Jan 9th, 2025 by Saurenergy Transformers play a vital role in energy distribution systems by converting high-voltage electricity from transmission lines into low-voltage electricity for consumer use. Thus any supply disruptions in the supply of this essential component, coupled with resultant rising prices in the global transformer market, can significantly affecting utilities. Over the past three years, this situation has […] Read more
Canadian Solar’s e-STORAGE To Deliver 2 GWh ESS For CIP Updated On Thu, Jan 9th, 2025 by Saurenergy Canadian Solar Inc.’s e-STORAGE, a part of the company’s subsidiary CSI Solar Co., Ltd. (CSI Solar), recently signed contracts with Copenhagen Infrastructure Partners (CIP), through its fund CI IV. The contracts cover the delivery of 2 GWh DC of battery energy storage systems (BESS) for two projects in Scotland. The 1 GWh DC Coalburn 2 […] Read more
