Author: Manu Tayal

CIT Secures $200 Mn for Clearway Solar Energy’s 76 MW Portfolio

New York Headquartered bank holding company CIT Group’s Power and Energy arm arranged about USD 200 million financing for a 76 MW portfolio of community solar projects. The company said that it has arranged the financing on behalf of Clearway Energy Group, one of the leading developers and operators of clean energy generation facilities in the United […]

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Startup Feature – Magenta Power

Total employees: 29 Key operational areas (Products, Regions, Clients) It’s key operational area is Mumbai specifically. However, it has marked presence in the major cities in India such as Mumbai, Pune, Bangalore, Baruch, Nashik, Hyderabad and Chandigarh. Under its aggressive expansion plan, the company is aiming to reach pan India in the New Year 2020. […]

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Bank of America Meets 100% Renewable Electricity Goal a Yr Ahead

American lender Bank of America (BoA) on Tuesday said it has met its 100 percent renewable electricity (or carbon neutrality) goal a year ahead of its schedule. However, it is pending to the third-party verification. It was accomplished by reducing Scope 1 and 2 emissions from its facilities, purchasing 100 percent renewable power and buying […]

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Wärtsilä Inks O&M Pact for 132 MW Bahamian Power Plant

Wärtsilä entered into a 2-year operation and maintenance (O&M) agreement with the Bahamas Power and Light Company Ltd (BPL), an electricity supplier company in the Bahamas. The agreement was signed for a 132 MW power plant in The Commonwealth of Bahamas, which was supplied and built by Wärtsilä itself. Recently in the month of December […]

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ADMARES to Deliver 16 Solar-Powered Floating Hotels to Qatar

In preparations to host the 2022 FIFA World Cup, Qetaifan Projects, a Katara Hospitality owned company, entered into a memorandum of understanding (MoU) with ADMARES, an alternative real estate company, for sixteen solar powered floating hotels to serve its tourists and fans. Qetaifan Projects continues its series of local and international partnerships that would add […]

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What are your key expectations you hope will be addressed in New Year?

Aspirations of solar industry are also rising in this New Year, as the year gone by was filled with many challenges which resulted into slowing down the speed of growth of the solar industry as compared to the previous years. Here’re some expectations of the industry stakeholders that they wish will be fulfilled in the […]

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NISE to Organise Skill Development Prog on Solar PV System Design

The National Institute of Solar Energy (NISE) is organizing its 23rd skill development program on solar photovoltaic (PV) system design using “PVSYST & PVSOL” software with cost economics and policies. This is a five day training programme which will commence from February 03, 2020 and will end on February 07, 2020. The motive behind the […]

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Sterlite Power Unveils Innovative Soln to Trim Losses in RE Segment

With an aim to significantly reduce losses in the renewable energy (RE) space, Sterlite Power has developed an innovative solution called ‘low loss conductor’. This new product is a combination of Aluminium conductor, and can reduce losses by up to 40 percent as compared to other conventional conductors. This new innovative conductor is highly corrosion […]

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Hartek Solar Wins 1 MW Rooftop Solar Projects; Expands Footprint in Daman

Hartek Group’s rooftop solar arm, Hartek Solar has extended its footprints to pan India by securing 1 MW rooftop solar projects in Daman. The company has marked its presence in the newly merged union territories (UTs) of Dadra & Nagar Haveli and Daman & Diu by winning approx 40 rooftop solar projects with an aggregate […]

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