IREDA experienced lowest revenue growth in last 15 years Updated On Tue, Dec 15th, 2020 by Saurenergy Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) on 2 November 2020 and set a revenue target of Rs 2,406 crore for 2020-21. The exercise is a standard practice among all government backed PSU’s. With this, it is looking forward to a 1.6 […] Read more
The Risk In Renewables, And How To Reduce It Updated On Fri, Dec 4th, 2020 by Saurenergy The Fourth Plenary session at REINVEST 2020 looked at the risks in investing in renewables in India, and ways to mitigate those risks. A panel with India’s leading renewable financiers, developers and global players narrowed down the key issues and some possible solutions. Pankaj Jain, Additional Secretary, Department of Financial Services, Ministry of Finance, moderated […] Read more
Ecoppia IPO in Israel Signals Maturity In Robotic Cleaning For Solar Updated On Thu, Dec 3rd, 2020 by Saurenergy Ecoppia Scientific Ltd, the Israel-based leader in water-free solar panel cleaning robots, has raised USD 82.5 million from institutional investors in its initial public offering (IPO) in Tel Aviv. That has supported the firm’s IPO completion with the public. Listing should happen this week. The IPO values the company at around USD 300 million, it […] Read more
Canadian Solar Records Big Growth in Module Shipments, Profit in Q3 Updated On Fri, Nov 20th, 2020 by Saurenergy Canadian Solar has reported big growth in all key business segments including growth in Module Shipments, Module Manufacturing capacity, etc in Q3. Canadian Solar, one of the largest solar module manufacturers and project developers has reported its financial results for the 3rd quarter (Q3) of the financial year. The firm has reported big growth in […] Read more
NextEra Energy, KKR and Partners to Acquire Interest in 1.1 GW Renewables Portfolio Updated On Tue, Nov 3rd, 2020 by Saurenergy NextEra Energy Resources will sell a 90% interest in a 1 GW renewables portfolio and 100% interest in a 100-MW solar-plus-storage project for approximately USD 1.3 billion in total proceeds NextEra Energy has announced that a subsidiary of NextEra Energy Resources has entered into agreements to sell a 90 percent interest in a 1,000 megawatt (MW) portfolio […] Read more
Inverter Major Solis Powers Up With Strongest Ever Quarter in Q3 Updated On Wed, Oct 28th, 2020 by Saurenergy Ningbo, China based Ginlong Technologies’ has reported revenue in the first three quarters of 2020 at US$202 million, a year-on-year increase of 74% over the corresponding period last year. Net profit attributable to the parent company was US$31.4 million, a year-on-year increase of 189 %, and a month-on-month increase of 53%. The company’s basic earnings […] Read more
Scatec Solar acquires SN Power, building a global leader in RE Updated On Mon, Oct 19th, 2020 by Saurenergy Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in […] Read more
Tata Power Provides Update on InvIT for its Renewables Business Updated On Mon, Oct 19th, 2020 by Saurenergy Tata Power in its latest regulatory filing has provided an update on the process of creation of an InvIT for its renewables business Tata Power, in its latest regulatory filing, has stated that as a part of its growth strategy, the Company has taken several steps to deleverage the balance sheet and improve the capital […] Read more
ACWA Power Announces Financial Close for 900 MW PhV of MBR Solar Park Updated On Sat, Sep 5th, 2020 by Saurenergy ACWA Power has completed the signing of all financing agreements of the 900 MW fifth phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai. ACWA Power, a leading Saudi Arabian developer, investor and operator of power generation plants, has announced that it has completed the signing of all financing agreements of the […] Read more
