Ørsted Acquires 227 MW Under Construction Solar Plant in the US Updated On Fri, Jul 10th, 2020 by Saurenergy Ørsted is expanding its solar footprint with the acquisition of the 227 MW ac under construction Muscle Shoals solar project located in Alabama, US. Global offshore wind and renewable major Ørsted has announced that it is expanding its solar footprint with the acquisition of the 227 MW ac under construction Muscle Shoals solar project located […] Read more
Idemitsu Completes Financing for 50 MW Solar Project in California Updated On Tue, Jun 30th, 2020 by Saurenergy Idemitsu Renewables has announced that it has closed on debt financing for its 50 MWp Central 40 solar project in Stanislaus County, California. Idemitsu Renewables, formerly Solar Frontier Americas, which is now the US-based renewable energy business of Idemitsu Kosan Co., Ltd, has announced that it has closed on debt financing for its 50 MWp Central […] Read more
Sterlite Power Buys SPV from PFC to Execute Large ISTS Project Updated On Fri, Jun 26th, 2020 by Saurenergy Sterlite Power, a leading power transmission infrastructure developer, on Friday, said that it has acquired Vapi II North Lakhimpur Transmission Ltd (VNLTL), a Special Purpose Vehicle (SPV) from power sector lender PFC’s arm PFC Consulting Ltd. Through this acquisition, the company is planning to execute a large inter-state transmission system (ISTS) project – Western Region […] Read more
NTPC Secures another PMC Contract to Develop 500 MW Solar Park in Mali Updated On Wed, Jun 24th, 2020 by Saurenergy Adding more heft to its renewable ambitions to transition from a coal burning major, the country’s largest power generation utility NTPC has secured another Project Management Consultancy (PMC) contract for the development of 500 MW solar park in the Republic of Mali under the ISA initiative. This is the second project where a central PSU […] Read more
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
Tata Power Renewable Gets another LoA; to Develop 100 MW Solar Plant in M’rashtra Updated On Fri, Jun 19th, 2020 by Saurenergy Continuing its winning streak, Tata Power Renewable Energy Ltd (TPREL), the renewable arm of utility giant Tata Power, has secured yet another Letter of Award (LoA) within few days for the development of a solar plant. Mumbai-headquartered Tata Power said in a statement on Friday that “it’s wholly-owned subsidiary TPREL has received a Letter of […] Read more
8minute Inks Pact with MBCP, SVCE to Develop 250 MW Solar + Storage Project Updated On Tue, Jun 16th, 2020 by Saurenergy Marking its first contract with Community Choice Energy (CCE) providers, 8minute Solar Energy (8minute), a leading independent solar energy and storage projects developer in the US, has executed a power purchase agreement (PPA) with Monterey Bay Community Power Authority (MBCP) and Silicon Valley Clean Energy (SVCE) to set up 250 MW solar plus storage project. […] Read more
DESRI Closes Financing of 80 MW Sigurd Solar Project in Utah Updated On Mon, Jun 15th, 2020 by Saurenergy With the beginning of construction on its fourth utility-scale solar project in Utah, D. E. Shaw Renewable Investments (DESRI) has closed the financing of the 80 MW Sigurd Solar project by securing both construction debt and tax equity financing. Commenting on the closing of the financing, David Zwillinger, CEO of DESRI, said that “the COVID-19 crisis […] Read more
CREDA Revises 20 MW Rooftop Solar Tender Schedule for Chhattisgarh Updated On Mon, Jun 15th, 2020 by Saurenergy State nodal agency Chhattisgarh State Renewable Energy Development Agency (CREDA) has revised the schedule for its 20 MWp tender for grid-connected rooftop solar photovoltaic (PV) systems under the Resco model. The move came in the wake of novel coronavirus (Covid-19) restrictions and precautionary measures and requests from bidders. As per the revised schedule, interested bidders […] Read more
