Vestas Reports Operating Loss for Q1 2020 Despite Strong Sales Updated On Wed, May 6th, 2020 by Saurenergy Vestas has issued its interim financial report for Q1 2020, reporting increased order intake and a booming order backlog amid an operating loss of EUR 54 mn Global wind turbine manufacturer Vestas has issued its interim financial report for the first quarter (Q1) of 2020. The firm has reported that its revenue increased compared to […] Read more
Solving Permission Issues key to Post Pandemic Green Recovery in Italy: WindEurope Updated On Tue, May 5th, 2020 by Saurenergy The European Union’s 2018 Renewable Energy Directive demands that the Member States simplify and shorten their permitting processes. Italy has the 5th largest amount of installed wind energy capacity in Europe. In its final 2030 National Energy and Climate Plan (NECP), the country aims at almost doubling its installed wind power capacity. The NECP plans […] Read more
Spruce Finance Closes $124 Mn Residential Solar Financing Package Updated On Tue, May 5th, 2020 by Saurenergy Spruce Finance has closed a USD 124 million debt financing deal for its portfolio of residential solar PPAs and leases with Vantage and Sequoia Spruce Finance, one of the largest private owner and operator of distributed generation solar and residential energy assets in the US, has closed a USD 124 million debt financing deal for its portfolio of residential […] Read more
B’desh Unveils $218.7Mn Green Transformation Fund to Offer Easy Financing for Solar Developers Updated On Tue, May 5th, 2020 by Saurenergy With an aim to make financing easily available post-coronavirus, Bangladesh has introduced a USD 218.7 million (EUR 200 million) Green Transformation Fund (GTF) so that soft loans can be provided to solar developers, other environment-friendly products and importers of Eurozone’s energy efficiency components. Moreover, the fund issued is in addition to its existing USD 200 […] Read more
SolRiver Closes on Equity Commitment to Acquire $200 Mn Solar Projects Updated On Tue, May 5th, 2020 by Saurenergy SolRiver Capital has announced that it has closed an equity commitment from Rockland Capital to acquire up to USD 200 million of solar projects. SolRiver Capital, a solar investment fund that owns distributed-generation and utility-scale projects, announced that it has closed an equity commitment from Rockland Capital, an energy-focused infrastructure investment fund, to acquire up to USD 200 million of solar […] Read more
Renewables Topped Coal in US Generation Every day in April: IEEFA Updated On Tue, May 5th, 2020 by Saurenergy New data from the US EIA shows that for the very first time in its history, renewables generated more electricity than coal every day in the month of April. New data from the US Energy Information Administration (EIA) shows that for the very first time in its history, renewables generated more electricity than coal every […] Read more
Skanska Bags Contract to Build Solar-Powered Care Home in Norway Updated On Mon, May 4th, 2020 by Saurenergy Skanska, leading project development and construction group, has won about USD 35.52 million (or NOK 370 million) contract from the Municipality of Bergen in Norway to build solar-powered Åsane care home in the city. The company is among the leading developers in the Nordics, with operations in building construction and civil engineering in Sweden, Norway […] Read more
Australian Govt Launches A$300 Mn Fund to Finance Hydrogen Projects Updated On Mon, May 4th, 2020 by Saurenergy The Liberal National Government has established the A$300 mn fund to finance projects focused on growing the hydrogen industry in Australia. The Liberal National Government is backing Australia to become a world leader in hydrogen production and exports by establishing the Advancing Hydrogen Fund. The new AUD 300 million fund created by the Government will finance projects […] Read more
Solar Should Escape Any Collataral Damage From Michael Moore’s Latest Updated On Mon, May 4th, 2020 by Saurenergy Over a week after the release of his documentary, Planet of the Humans, that has been streaming on Youtube, the response to the documentary has been mixed. The documentary takes a long (one hour and 40 minutes) hard look at the flag bearers of the environmental movement, with a special focus on the solar, biomass […] Read more
