Azure Power Announces Suspension of SEC Reporting Obligations Updated On Fri, Apr 5th, 2024 by Saurenergy Renewable energy developer Azure Power Global Limited, which has most of it’s portfolio kf projects in India, has confirmed that the Company’s US Securities and Exchange Commission (“SEC”) reporting obligations under Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act), were suspended on April 1, 2024. On October 31, 2023, […] Read more
Recurrent Energy Secures €110 Million Green Loan Facility From International Banks Updated On Thu, Apr 4th, 2024 by Saurenergy Recurrent Energy, a subsidiary of Canadian Solar Inc. and owner of solar and energy storage assets, today announced that it has secured a multi-currency facility of up to (€110 million) $120 million from a group of international banks led by Investec Bank Plc. According to Recurrent Energy, the facility consists of a €55 million term […] Read more
South Africa’s Solar Adoption Gathers Pace, But Challenges Remain Updated On Thu, Apr 4th, 2024 by Saurenergy South Africa has long been plagued by an energy crisis now. This has led to a situation where the nation faces rolling blackouts or load shedding as it has been called, for the past decade and more. It says something for the state of the power sector that a challenge that was predicted well over […] Read more
MPERC Introduces Policy For Grid Interactive Renewable Energy System Updated On Wed, Apr 3rd, 2024 by Saurenergy Madhya Pradesh regulatory body Madhya Pradesh Electricity Regulatory Commission (MPERC) introduced general conditions for net metering, group net metering, and virtual net metering, through distributed licensees to eligible consumers on a first come first serve basis. The regulation extended to the whole of Madhya Pradesh and applied only to the Captive Power Plants (CPP) using […] Read more
China Versus The US, Europe and Japan? Trade Battles Reach WTO Updated On Wed, Apr 3rd, 2024 by Saurenergy Days after China formally raised the issue of US subsidies under the Inflation Reduction Act (IRA), the US and Japan, with every possibility of Europe joining in, have been reported to be in formal talks to form a loose alliance to counter the Chinese threat on trade. While the United States and Japan have joined […] Read more
Leroy Merlin To Draw Power From Better Energy Poland Solar Park By 2025 Updated On Tue, Apr 2nd, 2024 by Saurenergy Construction and decoration firm Leroy Merlin Poland has signed a PPA with Better Energy to draw power from latter’s Chelmno solar park which is currently under construction. The Power Purchase Agreement (PPA) is expected to commence in 2025. According to Better Energy, the 10-year PPA will allow Leroy Merlin Poland to secure the long-term supply […] Read more
JSW, Sunsure, NTPC & Tejorupa Bag SECI’s 1500 MW Solar Tender Updated On Tue, Apr 2nd, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has now announced the results of its tender floated on March 29, 2023. SECI had floated the tender for a 1500 MW grid-connected Inter-State Transmission System (ISTS). As per the results published by the SECI, JSW Neo Energy Limited, Sunsure Solarpark Fourteen Pvt Ltd, Tejorupa Renewable India Project […] Read more
TPREL Delivers 200 MW Solar Project In Bikaner To Power Trading Arm Updated On Mon, Apr 1st, 2024 by Saurenergy TP Saurya Limited (TPSL), a subsidiary of Tata Power Renewable Energy Limited, has confirmed the successful commissioning of a 200MW solar project located in Bikaner, Rajasthan, for Tata Power Trading Company Limited (TPTCL). The 25 year PPA for the project had been signed in May 2023, with a targeted delivery date of March 2024. Expected […] Read more
RE Company Sonnedix Signs EPC Pact With Spanish Firm Eiffage Energia Sistemas Updated On Mon, Apr 1st, 2024 by Saurenergy Renewable energy producer Sonnedix has signed its first Engineering Procurement Construction (EPC) Framework Agreement with Eiffage, one of Europe’s construction and concession companies, through its Spanish brand, Eiffage Energia Sistemas. Under the Framework Agreement, construction activities for Sonnedix’s pipeline of projects in Spain, Italy, and Portugal will be delivered under standardised general terms and conditions, […] Read more
