CIT Arranges $85 Mn Financing for 80 MW Solar Project in Colorado Updated On Wed, Jun 24th, 2020 by Saurenergy Financial holding company CIT Group through its Power and Energy unit has arranged USD 85 million financings for an 80 MW Pioneer Solar project located in Colorado. CIT further served as sole lead arranger for financing on behalf of project sponsor Idemitsu Renewables, a leading solar project developer that has successfully built and sold hundreds of […] Read more
Canadian Solar Inks 2 PPAs for 274 MW PV Projects in Brazil Updated On Tue, Jun 23rd, 2020 by Saurenergy Canadian Solar, a leading solar photovoltaic (PV) module manufacturer, has recently entered into two private power purchase agreements (PPA) with Braskem S.A. and COPEL Energia for an aggregate 274 MW of capacity of solar power projects in Brazil. Braskem is a Brazilian petrochemical company and is the largest producer of thermoplastic resins in the Americas. It […] Read more
Sungrow Unveils New Central Inverter at Virtual Show Updated On Thu, Jun 18th, 2020 by Saurenergy Chinese inverter manufacturer Sungrow has on Thursday unveiled its new central inverter SG6250HV-MV during a virtual show organised amidst the changing market conditions due to coronavirus pandemic. The company said in a statement that the turnkey station SG6250HV-MV for 1500Vdc system integrated 2 units of outdoor central inverter SG3125HV-30 with medium-voltage transformer and other components […] Read more
DroneBase Gets $7.5 Mn in Series C Funding to Expand Footprints in Solar, Wind Energy Market Updated On Wed, Jun 17th, 2020 by Saurenergy After analyzing the growth potential in the renewable energy sector, aerial data analytics company DroneBase has secured USD 7.5 million in series C funding in order to expand its footprints into the renewable energy market. The company is planning to do this further with its new platform DroneBase Insights for wind and solar industry. For […] Read more
SECI Issues RfS for Setting up of 10 MW Grid Connected Solar Plant in R’sthan Updated On Fri, Jun 12th, 2020 by Saurenergy State-owned Solar Energy Corporation of India (SECI) has issued a detailed RfS document for selection of solar power developers to set up a 10 MW grid-connected solar photovoltaic (PV) power plant at Bagru Kala town, near Chitroli village, Jaipur district, Rajasthan. Earlier, Saur Energy reported that the nodal agency had issued a notice inviting tender […] Read more
US Solar Market Sets Q1 Record, Impact of COVID-19 Likely on Q2: Report Updated On Thu, Jun 11th, 2020 by Saurenergy The US solar market installed 3.6 GW of new solar PV capacity in Q1 2020, representing its largest first quarter ever in the United States. The US solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter (Q1) ever in the United States. According to […] Read more
US’ DFC Okays $350 Mn for Development in India Including over $200 Mn for Solar Updated On Fri, Jun 5th, 2020 by Saurenergy The US-Based Development Finance Corporation (DFC) has sanctioned about $350 million of investment for development in India under various projects including more than $200 million for the solar energy projects. DFC is an independent agency of the US Government that provides financing for private development projects. This investment is part of the $1 billion of […] Read more
Delayed Solar Development in Japan amid Covid-19 Likely to Facilitate Coal Usage Updated On Fri, Jun 5th, 2020 by Saurenergy Amidst coronavirus crisis, electricity demand in Japan like other countries has dropped significantly and thus resulted in a decline in power prices. This drop in demand and rise in solar power generation eventually driving down the wholesale electricity prices, as revealed by the data & analytics company. According to GlobalData, the ongoing economic contraction, delays […] Read more
Railways provides a 3 GW Boost for Solar targets Updated On Fri, Jun 5th, 2020 by Saurenergy The Engineering and Consultancy firm RITES Ltd, which executes key projects specifically for the Indian Railways, announced yesterday that its subsidiary Railway Energy Management Company Ltd (REMCL) has secured its largest mandate from Indian Railways for tendering, installation, supervision and managing power supply for three GW solar energy installations. These plant will be set up […] Read more
