Wind Now Provides 14% of Europe’s Electricity Updated On Fri, Feb 22nd, 2019 by Saurenergy Wind energy provided 14% of the EU’s electricity last year, up from 12% in 2017, according to statistics released by WindEurope. Wind power capacity rose in Europe by 11.3 GW in 2018. Continued growth in capacity and the use of more powerful turbines are helping to drive up wind’s share in the electricity mix. Denmark […] Read more
New Solar Power Program to Help Electrify Rural Communities in Afghanistan Updated On Thu, Feb 21st, 2019 by Saurenergy The initiative is designed to provide electricity to some of the nearly 20 million Afghans who are not connected to the national power grid. IFC, a member of the World Bank Group, has launched a pioneering program to supply small-scale solar power systems to homeowners across Afghanistan. The pilot program will see the introduction of […] Read more
World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
SolarEdge Q4 Revenue Jumps 39% to $263.7 Mn Updated On Thu, Feb 21st, 2019 by Saurenergy However, the company’s net income dropped 34% in Q4 at USD 12.9 million, from USD 19.5 million in the same period a year ago. Israel-based inverter solutions provider SolarEdge Technologies has reported a significant growth of 39 percent in its total revenue at USD 263.7 million during the fourth quarter of FY 2018, as against USD […] Read more
NOVEC Signs 300 MW Agreement to Bring Low Cost Solar Power to Virginia Updated On Thu, Feb 21st, 2019 by Saurenergy The solar facilities involved in the agreement are expected to produce enough electricity to power nearly 73,000 homes, or the equivalent of taking nearly 37,000 passenger vehicles off the road. Northern Virginia Electric Cooperative (NOVEC), the 11th largest electric cooperative in the U.S. and D. E. Shaw Renewable Investments (DESRI) have reached an agreement for […] Read more
Seimens Gamesa & Senvion Interested in Building $1 BN Wind Farm in Egypt Updated On Wed, Feb 20th, 2019 by Saurenergy The NREA is looking to procure close to 700 wind turbines for 8 wind power projects being developed in the country. In order to achieve 20% of the renewable power in its overall energy by 2022, Egypt is keen on allowing Arab and foreign investors to inject their capitals in the power market. These projects […] Read more
EcoMen Solar Commission 76 kW Rooftop Solar Project in New Jersey Updated On Wed, Feb 20th, 2019 by Saurenergy The 75.6 kW solar system was developed using 256 Silfab Solar Panels and SolarEdge inverters. New Jersey-based solar solutions provider, EcoMen Solar has successfully commissioned a 75.6 kW rooftop solar PV power project at the Poet’s Square Shopping Plaza in Freehold, New Jersey. Poet’s Square Plaza hosts retail storefronts and professional businesses. The installed solar systems […] Read more
Insolight in the Spotlight With claims of 29% Efficiency for solar Panels Updated On Wed, Feb 20th, 2019 by Saurenergy Insolight claims that its panels, thanks to a patented optical system that concentrates sunlight on a kind of miniature photovoltaic cell normally used in satellites, deliver high efficiencies at a lower cost. The Lausanne, Switzerland based Insolight’s latest claims, which follow testing by an independent lab, should be a reason to think for naysayers who […] Read more
Large Scale Solar Project Tender Issued in Malaysia Updated On Tue, Feb 19th, 2019 by Saurenergy The last date for the projects which will be developed under the country’s third cycle of large scale solar program is August 19, 2019. The Suruhanjaya Tenaga (Energy Commission of Malaysia) has issued a tender in Peninsular Malaysia for the development of a large scale solar PV project. The commission is conducting a competitive bidding process to […] Read more
