Average Energy Spot Prices at 2-Year Low, REC Prices Rise Updated On Wed, Nov 6th, 2019 by Saurenergy The average spot power price at IEX dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit last year. The average spot power price at Indian Energy Exchange (IEX) dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit in the same […] Read more
Ingeteam Announces 1 GW Wind Output From India Plant Updated On Wed, Nov 6th, 2019 by Saurenergy At least one firm seems happy with their time in India so far. Spanish electrical conversion and turbine control equipment supplier Ingeteam has announced the completion of 1GW of output within the first year of operations at its production facility in India. The firm, which set up its plant near Chennai in Tamil Nadu, had […] Read more
Apple led Consortium to Purchase Wind Energy in Texas Updated On Wed, Nov 6th, 2019 by Saurenergy Apple, eBay, Samsung, and Sprint have announced a joint agreement to purchase power from a new wind farm developed by Apex Clean Energy in Texas Apple, eBay, Samsung, and Sprint have announced a joint agreement to purchase power from a new wind farm owned and developed by Apex Clean Energy in Texas. The transaction—spearheaded by […] Read more
French Energy Major EDF Bets on Storage With Pivot Power Buy Updated On Tue, Nov 5th, 2019 by Saurenergy French utility EDF continues to invest in a future where it expects storage to play a critical role, by acquiring UK battery storage firm Pivot Power. For EDF, the acquisition is another step in its effort to become a large scale storage firm. The takeover of Pivot Power also follows EDF’s acquisition in September 2018 […] Read more
Genie Energy Solar Arm Bags Module Supply Order from JPMorgan Chase Updated On Tue, Nov 5th, 2019 by Saurenergy Prism Solar Technologies (Prism Solar), a solar manufacturing arm of Genie Energy, has secured an order from JPMorgan Chase to supply solar modules for the installation at its facilities. The company said in a statement that, “Genie Energy Ltd announced that its solar manufacturing subsidiary, Prism Solar Technologies, has received additional purchase orders from JPMorgan […] Read more
CPPIB to Acquire Pattern Energy in All-Cash Deal Updated On Tue, Nov 5th, 2019 by Saurenergy Moreover, the Pattern Energy stake transaction is expected to be completed by the second quarter of 2020, subject to required regulatory approvals, and other customary closing conditions. Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, has entered into a definitive agreement to buy Pattern Energy in an all-cash transaction for USD 26.75 […] Read more
Infosys Helps in Digital Transformation of Siemens Gamesa Renewable Energy Updated On Tue, Nov 5th, 2019 by Saurenergy According to the contract signed, Infosys will enable Siemens Gamesa Renewable Energy to align its existing disparate IT setup into a harmonized and consolidated infrastructure landscape. IT giant Infosys has entered into a strategic long-term partnership with Siemens Gamesa Renewable Energy (SGRE), global leader in wind energy, in order to help in its digital transformation. […] Read more
Watch: One-on-One Interaction with Allen Geng, Managing Director, Yingli Solar Updated On Tue, Nov 5th, 2019 by Saurenergy Yingli Green Energy Holding Co. Ltd, also known as Yingli Solar, is one of the world’s leading solar panel manufacturers. It manufactures from photovoltaic (PV) value chain from ingot casting and wafering through solar cell production and solar panel assembly. It has more than 20 regional subsidiaries and branch offices and has distributed over […] Read more
ENGIE Africa Consortium Kicks off Operation of Egypt’s Largest Wind Farm Updated On Mon, Nov 4th, 2019 by Saurenergy As per the 20-year Power Purchase Agreement (PPA), the power generated from the Engie Africa led consortium project will be supplied to the Egyptian Electricity Transmission Company (EETC). A consortium led by ENGIE Africa has completed the construction and commissioning of the Egypt’s largest 262.5 MW Ras Ghareb wind farm. The wind project has been […] Read more
