Mosaic Announces New Financing Facilities for Over $550 Million in Home Solar Loans Updated On Tue, Nov 22nd, 2016 by Saurenergy Mosaic, the leading provider of solar loan financing for homeowners, today announced the closing of a $250 million warehouse facility with Deutsche Bank as the arranger and administrative agent. Together with recent upsizes to Mosaic’s existing warehouse facility and a forward flow whole loan sale arrangement, this agreement provides Mosaic with $550 million of new […] Read more
Net-metering conflicts in the United States sets example for rooftop solar market in India Updated On Tue, Nov 22nd, 2016 by Saurenergy Rapid growth in the rooftop solar market of United States and the number of net-metering connections has given a rise to a battle-front between utilities on one hand and consumers & solar developers on the other hand. Utilities are arguing against the rationale of giving customers full retail credit for their excess energy and vigorously […] Read more
Canadian Solar Reports Third Quarter 2016 Results Updated On Tue, Nov 22nd, 2016 by Saurenergy Canadian Solar Inc., one of the world’s largest solar power companies, announced its financial results for the third quarter ended September 30, 2016. Third Quarter 2016 Highlights Total solar module shipments were 1,185 MW, of which 1,161 MW was recognized in revenue, compared to 1,290 MW recognized in revenue in the second quarter of 2016, and […] Read more
MNRE has sanctioned Rs 67.01 Crore under Solar City Programme: Piyush Goyal Updated On Tue, Nov 22nd, 2016 by Saurenergy Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Monday in Rajya Sabha said that the renewable energy ministry has sanctioned a total amount of Rs. 67.01 crore for preparation of master plans, solar city cells, promotional activities and installation of renewable energy projects and an amount of Rs. […] Read more
India imported 84% of solar cells and modules from China in FY16 Updated On Mon, Nov 21st, 2016 by Saurenergy At least 84% of solar cells and modules imports were from China alone in 2015-16. As much as $1.96 worth of solar cells and modules were imported from China against the total imports of these equipment of $2.34 billion in 2015-16, New and Renewable Energy Minister Piyush Goyal stated in a written reply to Rajya […] Read more
Adani confirms plan to begin construction on the large-scale solar plant in Australia next year Updated On Mon, Nov 21st, 2016 by Saurenergy Indian mining and energy giant Adani power has confirmed that it is going ahead to build 100-200MW solar plant in the south-west of Moranbah in the Bowen Basin. The energy generated by the solar plant can power up-to 32,000 homes. The company in a statement said “it proposes to commence construction of two major solar […] Read more
Andhra Pradesh CM to inaugurate Polavaram solar power plant at Gollagudem village on Monday Updated On Mon, Nov 21st, 2016 by Saurenergy Andhra Pradesh Chief Minister Chandrababu Naidu will inaugurate 5 MW Polavaram Canal Bund Solar power project today at Gollagudem village in West Godavari district. The five megawatt solar power project is expected to generate eight million units of power a year. The solar project spreads across 27 acres of land and is built by APGenco […] Read more
Amazon Web Services Brings Five New Solar Farms To Help Power Its Massive Cloud Data Center Updated On Sat, Nov 19th, 2016 by Saurenergy Amazon Web Services is bringing on five new solar farms to help it run its cloud data center. The new solar farms across Virginia will bring a total of 180 megawatts (MW) of renewable energy capacity onto the grid before the end of next year. New facilities along with the company’s existing plant are expected […] Read more
Solar powered ferry boat Aditya clears trial on Vembanad lake Updated On Sat, Nov 19th, 2016 by Saurenergy The 2.5km stretch of Vembanad lake from Vaikom to Thavanakkadav will witness a rare feat next month when its first solar powered ferry boat ‘Aditya’ will set loose for sailing. Aditya is first one of its kind ferry boat with 75 seaters in the country that is powered with solar. The boat successfully cleared the […] Read more
