Adani Green Energy Posts 136% Increase in Cash Profit for FY21 Updated On Thu, May 6th, 2021 by Saurenergy Adani Green Energy, a part of the Adani Group, has announced its financial results for the quarter and financial year ended March 31, 2021. The company has reported strong numbers across its value chain including cash profit and awarded capacity in national tenders. Financial Performance: The firm reported that revenue from Power Supply in FY21 […] Read more
SHV Energy Acquires Majority Stake in Indian C&I Solar Firm SunSource Updated On Wed, May 5th, 2021 by Saurenergy SHV Energy will invest in SunSource Energy, a leading provider of distributed energy for C&I customers in India SHV Energy has announced that it will invest in SunSource Energy, a leading provider of distributed energy for commercial and industrial (C&I) customers in India with a presence across South-East Asia. SHV Energy’s acquired majority stake is […] Read more
European Commission Approves €400 Mn Renewable Energy aid for Denmark Updated On Wed, May 5th, 2021 by Saurenergy The European Commission has approved an aid scheme worth EUR 400 million to help Denmark reach its renewable energy targets The European Commission has approved, under EU State aid rules, a Danish aid scheme to support electricity production from renewable sources. The measure will help Denmark reach its renewable energy targets without unduly distorting competition […] Read more
Chinese Consortium to Invest and Finance 1.1 GW Solar Farm in Brazil Updated On Thu, Apr 29th, 2021 by Saurenergy The consortium of CDIL & CMEC have entered into a development agreement for the EPC and financing of a 1.1 GW solar project in Brazil The consortium of China Development Integration Limited (CDIL) and China Machinery Engineering Corporation (CMEC) has announced that they have entered into a development agreement in relation to the EPC+F (engineering, […] Read more
US DOE to Issue $8.25 Bn in Loans to Enhance Transmission Nationwide Updated On Wed, Apr 28th, 2021 by Saurenergy The US DOE has announced the availability of up to USD 8.25 billion in loans for efforts to expand and improve the US transmission grid. In support of the Biden Administration’s commitment to modernise the nation’s power grid and infrastructure and deliver 100 percent clean energy to businesses and homeowners by 2035, the US Department […] Read more
PowerGrid InvIT’s Rs 7735 Cr IPO to Open at Rs 99-100/Unit Price Band Updated On Tue, Apr 27th, 2021 by Saurenergy The PowerGrid Infrastructure Investment Trust (InvIT) has fixed a price band of Rs 99-100 per unit for its Rs 7,735 crore initial share sale, which will open for public subscription on April 29, 2021. The issue will close on May 3, 2021, and the bidding for anchor investors will open on April 28, 2021, according […] Read more
EIB Backs €2 Bn Investment to Scale up use of Renewable Energy Updated On Mon, Apr 26th, 2021 by Saurenergy EIB has approved new financing of EUR 3.4 billion to accelerate the shift towards renewable energy and sustainable transport. The European Investment Bank (EIB) has announced that it has approved new financing of EUR 3.4 billion to accelerate the shift towards renewable energy and sustainable transport, corporate innovation, improved housing, education and communications. Of which, […] Read more
Amplus Solar Acquires 17 Rooftop Solar Projects From Sterling and Wilson Updated On Tue, Apr 13th, 2021 by Saurenergy Amplus Solar has announced the acquisition of 17 on-site operational rooftop solar projects from Sterling and Wilson, totalling 7.2 MWp. Amplus Solar, one of Asia’s leading distributed solar energy companies, has announced the acquisition of 17 on-site operational rooftop solar projects from Sterling and Wilson Private Limited’s totalling 7.2 MWp. Spread over Haryana, Punjab, Madhya […] Read more
JinkoSolar Reports 31.4 % Increase in Shipments in FY20, Revenue up 18% Updated On Mon, Apr 12th, 2021 by Saurenergy JinkoSolar has revealed that despite ‘extreme challenges’ it managed to bump up its annual shipments to 18.77 GW in FY 2020. The firm also ran into losses for the fourth quarter. JinkoSolar, one of the largest solar module manufacturers in the world, has recently announced its financial results for the financial year 2020 (FY20) ended […] Read more
