Solar ITC Extends at 26% For Two More Years, Included in US COVID Relief Pkg Updated On Thu, Dec 24th, 2020 by Saurenergy The Solar Investment Tax Credit (ITC) has been extended at 26 percent for two more years. The ITC for solar systems as well as new funding for energy storage research has been included in the US COVID-19 relief package, the Congress approved. USD 1.4 trillion federal spending package alongside a USD 900 billion COVID-19 virus […] Read more
Hannon Armstrong Invests in 1.6 GW Renewable Energy Portfolio of Clearway Energy Updated On Thu, Dec 24th, 2020 by Saurenergy Hannon Armstrong Sustainable Infrastructure Capital, a leading investor in climate solutions, today announced a preferred equity investment in an approximately 1.6 gigawatt (GW) onshore wind and utility-scale solar portfolio developed and managed by Clearway Energy Group, one of the largest developers and operators of clean energy in the United States with a pipeline of 9 […] Read more
Siemens Gamesa Strikes 465 MW Deal in Brazil for its 5.X Turbine Platform Updated On Thu, Dec 24th, 2020 by Saurenergy Siemens Gamesa has signed a record order for its sector-leading Siemens Gamesa 5.X platform in a 465 MW deal with a leader in alternative asset management in Latin America, Patria Investments, to supply the São Vitor wind farm in the northeast of the country. The wind farm will be equipped with 75 Siemens Gamesa 5.8-170 […] Read more
SECI Closes 1.2 GW Hybrid Tender Issued in January, Lowest Bid at Rs 2.41/kWh Updated On Thu, Dec 24th, 2020 by Saurenergy SECI has finally closed its tender for setting up of a 1.2 GW hybrid projects in India with 3 firms submitting the lowest bid of Rs 2.41/kWh The Solar Energy Corporation of India (SECI) has finally closed its tender for setting up of a 1.2 GW ISTS-Connected solar-wind hybrid power projects in India under Tranche-III. […] Read more
Asia to Remain ‘Mother of Batteries’, Producing 1 TWh pa by 2025: Rystad Updated On Thu, Dec 24th, 2020 by Saurenergy In its monthly energy transition report, Rystad Energy has found that Asia, is, and will remain the mother of batteries over the coming decade. The report details that the world’s current total battery cell production capacity is about to exit 2020 at around 617 gigawatt-hours (GWh) per year. Most of this capacity, 516 GWh, comes […] Read more
PLN has ‘Green Ambition’ but is Short on Renewable Energy Credibility: IEEFA Updated On Thu, Dec 24th, 2020 by Saurenergy IEEFA finds that PLN must be prepared for a much higher level of scrutiny when the company launches its debut green and/or sustainable bonds. Indonesian state-owned electricity company PT Perusahaan Listrik Negara (PLN) is preparing to issue a “green and/or sustainable financing” instrument as early as January 2021 following the publication of its Statement of Intent […] Read more
Canadian Solar Completes the Sale of 290 MWp Greenfield Solar Portfolio in Italy Updated On Wed, Dec 23rd, 2020 by Saurenergy Canadian Solar has announced the sale of the remaining 30 percent ownership of the Big Fish SPV and Iron SPV solar projects to Falck Renewables. Both projects are located in Sicily, Italy, and have a total expected capacity of more than 290 MWp. The Company expects to recognize revenues from the sale in the fourth […] Read more
134 Govt Schools in Rajasthan to get Hybrid Solar Plus Battery Systems Updated On Wed, Dec 23rd, 2020 by Saurenergy A new Rs 25 crore project has been sanctioned for all 134 govt models schools in Rajasthan to get hybrid solar plus battery bank systems. Rajasthan Council of School Education (RCScE) has notified that there are currently 134 model schools in Rajasthan and almost all of them are situated in rural areas where the electricity […] Read more
RWE Concludes Tax Equity Financing on 220 MW Cranell Onshore Wind Farm Updated On Wed, Dec 23rd, 2020 by Saurenergy RWE Renewables, one of the world’s leading renewable energy companies, has completed the successful tax equity financing of its 220-megawatt (MW) Cranell Onshore Wind Farm in Refugio County, Texas. The company secured tax equity financing with JPM Capital Corporation upon the Cranell project achieving commercial operation in the third quarter of 2020. “We are proud […] Read more
