Fortum to Buy 35 MW of solar power capacity in Russia Updated On Fri, Dec 1st, 2017 by Saurenergy The Finnish power utility has agreed to acquire three solar power companies from Hevel Group in Russia. Finnish power utility Fortum has agreed to acquire 35 MW of solar power in Russia from local group Hevel. The Finnish company said the seller was Russian solar module maker and project developer Hevel Solar, without disclosing the […] Read more
World’s Largest Floating Solar Power Plant to Be Built in Indonesia by UAE’s Masdar and PJB Updated On Thu, Nov 30th, 2017 by Saurenergy The plant to be built in about 225 hectares of the Cirata hydroelectric plant reservoir. United Arab Emirates based company Abu Dhabi Future Energy Co (Masdar) and Indonesian power utility’s unit Perusahaan Listrik Negara (PLN) Pembangkitan Jawa Bali (PJB) collaborated to build the ‘To Be’ world’s biggest floating photovoltaic plant of 200MW in PJB owned […] Read more
ABB Supplies Inverters to Power 20 MW Solar Project in Egypt Updated On Thu, Nov 30th, 2017 by Saurenergy ABB said the 20 MW solar project in Egypt was commissioned this year in two phases, and was constructed by Complete Energy Solutions (CES). ABB has supplied its central inverters to power 20 MW solar project in Egypt developed by Middle Eastern EPC contractor Complete Energy Solutions (CES). According to the company statement, the 20 […] Read more
Tumbling Solar Prices Starts Claiming Victims as Trina Reconsiders India Updated On Thu, Nov 30th, 2017 by Saurenergy Trina solar CEO says the Chinese company is reconsidering a planned India plant because prices there are now too low. The price of solar is tumbling across the world. And solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While that’s good news for consumers, solar companies might have to […] Read more
World Bank’s IFC Funds CleanMax Solar with $15 Million Updated On Thu, Nov 30th, 2017 by Saurenergy IFC also invested $125 million in Hero Future Energies, Hero Group’s renewable arm against an undisclosed equity stake. A senior executive from rooftop solar company CleanMax Solar has announced that the firm which is currently backed by American private equity giant Warburg Pincus has recently secured $15 million of funding against equity capital from International […] Read more
Ingeteam and My Sun Collaborated to Bring Affordable and High Quality Rooftop Solar Solutions Updated On Wed, Nov 29th, 2017 by Saurenergy MYSUN portal to be the online portal to sell INGETEAM’s string inverters in the Indian market INGETEAM, a global company specializing in power and control electronics and MYSUN, India’s leading rooftop solar platform focused on providing end to end solar solutions announced a strategic partnership to make rooftop solar accessible to every home in India. […] Read more
A 24MW Floating Solar Power Plant in Tuticorin to Be Setup By SPIC Updated On Wed, Nov 29th, 2017 by Saurenergy EDAC Engineering will be responsible to provide support for construction of the floating solar power plant. The Southern India Chamber of Commerce and Industry (SICCI) announced during a conference on ‘Climate change mitigation in manufacturing industries’, to set up a 24MW floating solar power plant to be built by Southern Petrochemical Industries Corporation (SPIC), a […] Read more
Canadian Solar to Build 367 MW Solar Projects in Mexican Energy Auction Updated On Tue, Nov 28th, 2017 by Saurenergy Canadian Solar will develop and build three projects, totaling 367 MW in Mexico’s third Long-term Auction for renewables held on Nov. 15 Canadian Solar Inc. has announced that it won 367 MW of solar power projects in Aguascalientes, Hermosillo and Obregón, Mexico, in the country’s third Long-term Auction for renewables held on Nov. 15. Canadian […] Read more
$205 Million Raised, As The Year’s Third Largest Funding By New Energy Solar As IPO Updated On Tue, Nov 28th, 2017 by Saurenergy At the median share range of $1.50 per share between $1.45 and $1.55 the book was closed totaling to $205 million. The amount of $205 million at $1.5 per share has been raised by renewable energy investor New Energy Solar as per their Initial Public Offering (IPO) by Morgan Stanley and Evans and Partners. Bookrunner […] Read more
