News Brief May 14 – BrightNight, Neoen, Energy Vault and ACEN Updated On Tue, May 14th, 2024 by Saurenergy BrightNight and Cordelio Power Achieve Financial Close on $ 414M Project Financing for 300 MW Box Canyon Project in Arizona BrightNight, a global renewable power producer built to deliver clean and dispatchable solutions, recently secured a US$414 million construction credit facility. BrightNight secure this credit facility with its joint venture partner Cordelio Power, for their […] Read more
EU To Withdraw From Probe Into Chinese Solar Park Construction Updated On Tue, May 14th, 2024 by Saurenergy Earlier this year, the United States (US) and European Union (EU) Commission announced launching an inquiry into Chinese suppliers of wind turbines under the new Foreign Subsidies Regulation. This announcement came as Chinese wind turbine manufacturers pushed hard and won some orders in Europe. The Chinese suppliers offered cheap turbines and generous finance which distorts […] Read more
Low Module Prices Weigh On Q1 Earnings For China’s Solar Champions Updated On Fri, May 10th, 2024 by Saurenergy Over the past 10 days, as numbers have continued to pour out from the listed players from China’s formidable solar sector, the impact of the low solar module prices seen over the past two quarters and more is clearly visible on their earnings as well. Even as volumes have grown in many cases, revenues have […] Read more
Gautam Solar Partners With Redington To Expand Its Solar Module footprint Updated On Thu, May 2nd, 2024 by Saurenergy Gautam Solar, one of India’s leading manufacturers of Solar Modules has partnered with Redington Limited, the leading technology solutions provider for distributing Gautam Solar’s high-efficiency Solar Modules on PAN India basis. As part of the partnership, Redington will enable the distribution of Gautam Solar’s high-quality Solar Panels including Mono PERC and N-type TOPCon Panels within […] Read more
EU Investigates Distortive Practices By Chinese Solar Companies In Foreign Subsidy Updated On Thu, Apr 4th, 2024 by Saurenergy European Commission has initiated two in-depth investigations under the Foreign Subsidies Regulation (FSR) related to the potential distortive role of foreign subsidies given to bidders in a public procurement procedure. In the investigation, the commission will assess whether the economic operators concerned did benefit from an unfair advantage to win public contracts in the EU. […] Read more
MNRE Amends Rules For Solar Mini-Grid Installations In Tribal Area Updated On Wed, Mar 27th, 2024 by Saurenergy In a notification released on March 26, the Ministry of New and Renewable Energy (MNRE) amended the dedicated scheme aimed at electrification of unelectrified households belonging to Particularly Vulnerable Tribal Groups (PVTGs). This initiative was launched under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) on January 4th. According to the original notification […] Read more
Gensol Appoints Kapil K Nirmal As CEO Of Its Middle-East Solar Business Updated On Wed, Mar 27th, 2024 by Saurenergy Solar sector firm, Gensol Engineering Limited has announced the appointment of Kapil K Nirmal as the new CEO of its Middle East Solar EPC business. “With an extensive 18-year background in business development and project implementation across major organisations in the Middle East, including Emirates Electrical Engineering LLC and Al Rostamani Group, Mr. Nirmal is […] Read more
MPJN Issues Consultancy Tender For 100 MW Solar & 60 MW Wind Projects Updated On Wed, Mar 27th, 2024 by Saurenergy The Madhya Pradesh Jal Nigam (MPJN) has issued a request for bids for Consultancy services for 100 MW solar and 60 MW wind generating projects. MPJN is desirous of engaging a consultant for support in setting up Solar PV and Wind projects for Captive Utilization of Power under Group Captive Mechanism and to support in […] Read more
US Makers Face Challenges From Cheap Chinese Solar Products: Report Updated On Tue, Mar 26th, 2024 by Saurenergy A recent report by SEMA collation on the state of US PV solar manufacturing discussed the importance of developing a domestic solar manufacturing supply chain in the United States. The report discussed the steps required to reduce dependency on foreign sources, particularly China, and to strengthen the country’s position in clean energy. The report shared […] Read more
