MRF To Buy 19% Stake In First Energy For Solar Power Purchase Updated On Wed, May 17th, 2023 by Saurenergy Global vehicular tyre manufacturer MRF has said it will be picking up a stake of upto 19.10 per cent in First Energy 4 Pvt Ltd. The contract value disclosed by MRF in the announcement has been estimated to be Rs 13.09 crore. The renewable energy firm develops, constructs, operates, and maintains renewable energy-based power plants […] Read more
RWE Invests €8 Billion In Green Energy In Q1, 2023 Updated On Fri, May 12th, 2023 by Saurenergy German energy company–RWE is making swift progress in green energy as it expanded its green portfolio by 4.9 Gigawatt (GW) in the first quarter of 2023 alone. It was done through a massive investment of EUR 8 billion. The EUR 6.3 billion acquisition of Con Edison Clean Energy Businesses in the US represented the largest […] Read more
The Promise Of Solar Energy From Space Updated On Thu, May 11th, 2023 by Saurenergy Solar space farms? One of the most fascinating developments in the renewable energy sector has been the possibility of putting solar technology in space. NASA, in 1977, claimed that in the coming years space solar could completely replace fossil fuels. The study and investments were stopped citing a lack of understanding of the technology required […] Read more
Pivot Energy Secures $200 Million For 100 MW Distributed Solar Updated On Tue, May 9th, 2023 by Saurenergy American solar power and energy storage developer Pivot Energy has closed a $203 million financing facility to support a multi-state portfolio of distributed generation solar projects. Pivot Energy said that Silicon Valley Bank (SVB) and Foss & Company will make the initial tax equity investment. The 100 MWdc portfolio comprises 35 community solar and C&I […] Read more
Yes Bank Announces ‘YES KIRAN’ Solar Financing Scheme For MSMEs Updated On Tue, May 9th, 2023 by Saurenergy Private sector bank – Yes Bank, which has come back to life after an RBI led intervention – has come up with a novel lending proposition that will help expand the solar power systems in the country in decentralised manner. Yes Bank has announced the launch of its new lending scheme called ‘YES KIRAN’ under […] Read more
ERG Acquires 149 MWp Solar Project Consolidating its Presence in Spain Updated On Mon, May 8th, 2023 by Saurenergy European wind & solar energy major ERG, through its subsidiary ERG Spain HoldCo SLU, has signed an agreement with IBV Solar Parks, BV, a company of the German group ib vogt GmbH which is a leading global utility-scale solar development platform. ERG said that the agreement is for the acquisition, directly or through a subsidiary, […] Read more
Singareni to Install 13 New Solar Power Plants of 240 MW Capacity Updated On Mon, May 8th, 2023 by Saurenergy With a quest to become a ‘net zero’ firm in coming years, Singareni Collieries Company Ltd (SCCL) will expand its solar power projects by 240 MW as part of the second phase of solar energy development. The firm is owned by the Telangana Government. Singareni is about to complete the first phase of solar energy […] Read more
Sonnedix Signs 150 MWp Solar PPA with Equinix in Spain Updated On Fri, May 5th, 2023 by Saurenergy European renewable energy producer Sonnedix has signed a 10-year solar pay-as-produced power purchase agreement (PPA) in Spain with digital infrastructure company Equinix for 150MWp solar. This PPA marks a key milestone for Sonnedix as its largest transaction signed to date in Europe, and its first time establishing a long-term relationship with a global leader in […] Read more
KKR Purchases $550 Million Loan Of SunPower Updated On Thu, May 4th, 2023 by Saurenergy North American residential solar technology and energy services provider SunPower and global investment firm KKR have signed a definitive agreement under which credit funds and accounts managed by KKR will commit to purchasing $550 million of solar energy loans made to SunPower customers. This transaction is expected to support SunPower Financial’s continued ability to offer […] Read more
