Head Lines

World Bank Approves $480m Guarantee As Argentina Drives Towards Clean Energy

The World Bank has approved a $480 million guarantee to stimulate investment in clean energy in Argentina. The Bank guarantee will support the Fund for the Development of Renewable Energy (FODER), which facilitates financing of projects under the RenovAr program of the country’s Ministry of Energy and Mining. This initiative seeks to stimulate power generation from wind, solar, biomass, biogas and small-scale hydro sources to achieve the country’s 20 percent renewable energy target by 2025.

World Bank Approves $480m Guarantee As Argentina Drives Towards Clean Energy Read More »

Canadian Solar Secures PPAs With SECI For 80 MWac Solar Power Projects In India

Asia Pacific, Deals & Finance, Head Lines

The company has finalised power purchase agreements (PPAs) with the Solar Energy Corporation of India (SECI) for 80 MW of solar PV capacity awarded to the company under the recent 450 MW Maharashtra tender. Maharashtra is India’s second-most-populous state and a growing solar power. This underscores the trend of significant organisations in the solar sector securing their positioning in India. The country is set to surpass Japan as the world’s third-highest growth solar market in 2017, with most analysts expecting the country to add at least 8 GW of new solar capacity this year.

Canadian Solar Secures PPAs With SECI For 80 MWac Solar Power Projects In India Read More »

JinkoSolar, Marubeni Enter Into PPA for Abu Dhabi 1,177MW Solar PV Mega Project

Head Lines

JinkoSolar and Marubeni Corporation have entered into a PPA with the Abu Dhabi Water and Electricity Company ADWEC for the huge solar PV project located at Sweihan, Abu Dhabi, UAE. A special purpose company jointly owned will construct, operate and maintain the PV plant for the duration of the 25-year PPA. The project will be located in the Eastern Region of Abu Dhabi, in Sweihan and will have the capacity of 1,177 MW (DC). The Project’s financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.

JinkoSolar, Marubeni Enter Into PPA for Abu Dhabi 1,177MW Solar PV Mega Project Read More »

Intersolar Summit USA East To Feature Solar and Energy Storage Leaders

Head Lines, Solar, Technology

Intersolar North America, the most-attended solar industry event in North America, has announced its one-day conference, Intersolar Summit USA East, in New York, will feature key solar and energy storage pioneers. New York itself, is a solar leader and has experienced a remarkable 795% growth in solar over the last 5 years. It’s now focused on an aggressive goal of generating 50% of all energy from renewables by 2030. Many executives will reflect on its progress and identify how similar tactics could be used to grow additional solar markets.

Intersolar Summit USA East To Feature Solar and Energy Storage Leaders Read More »

Tata Capacity Exceeds 10.5 GW, As 15 MW Telangana Solar Plant Begins Operations

Asia Pacific, Energy, Head Lines, Solar

Tata Power Renewable Energy Ltd, India’s largest renewable energy company has announced the start of commercial operations at its 15 MW solar plant in Telangana. The solar plant has been built over 80 acres of land and includes an 18 km transmission line. Sale of power from the plant has been tied up under a 25 year Power Purchase Agreement at a tariff of Rs. 5.72. Mr Rahul Shah, CEO, Tata Power Renewable Energy, said “The synchronisation of the 15 MW solar plant in Telangana marks a significant milestone in our drive to grow our portfolio of clean energy generation.

Tata Capacity Exceeds 10.5 GW, As 15 MW Telangana Solar Plant Begins Operations Read More »

Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging

Deals & Finance, Energy, Head Lines, Wind

Vestas reclaimed top spot in the annual ranking of wind turbine manufacturers, according to figures compiled by Bloomberg New Energy Finance. Some 8.7GW of Vestas turbines were installed in 2016, 16% of all onshore wind installations last year. Vestas returns to the top spot thanks to a strong push in the US. The Danish manufacturer continues to pursue a global strategy with projects in 35 countries, more than any other turbine maker. GE placed second with 6.5GW, some 0.6GW more than in 2015. Xinjiang Goldwind Science & Technology fell from first to third place with 6.4GW in 2016.

Vestas Reclaims Top Spot In Ranking Of Wind Turbine Makers – Big Four Emerging Read More »

Renovate America Closes $200 Million Credit Facility, Continuing HERO Expansion

Americas, Carbon, Head Lines

Renovate America, a leading U.S. provider of home-improvement financing, announced today that it has closed a $200 million credit facility with Bank of America N.A. to support the continued expansion of the HERO Program, the nation’s largest form of Property Assessed Clean Energy (PACE) financing. Since launching just over five years ago, the HERO program has been used to finance energy and efficiency improvements across 90,000 homes. The credit facility will provide Renovate America with enhanced liquidity and will further diversify the company’s funding profile. It now has five warehouse lenders in aggregate, up from three last year.

Renovate America Closes $200 Million Credit Facility, Continuing HERO Expansion Read More »

Indian Surge Propels Ingeteam To Become Top Supplier Of Wind Power Converters

Head Lines, Policy, Region, Wind

Ingeteam has announced that it achieved a new record year for the deliveries of its wind power converters worldwide. With nearly 5 GW of new capacity added in 2016 alone, a total of 36.5 GW of wind turbines have been equipped with Ingeteam’s technology since 1995, making the Spanish company the world’s number one supplier of wind power converters. Its record performance was particularly impressive in large emerging wind markets, despite intense competition. Deliveries to India and Brazil reached a peak volume of 1,268 MW and 837 MW, respectively, in 2016.

Indian Surge Propels Ingeteam To Become Top Supplier Of Wind Power Converters Read More »

Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly

Americas, Geothermal, Head Lines, Hydro, Policy

According to the U.S. Energy Information Administration (EIA); renewables provided 23% Of US electrical generation in 2016, as wind and solar surged with an increase of 23%. Electrical generation by coal dropped by 8.30% and that from petroleum liquids & coke plummeted by 15.37%. (Solar-generated electricity is now more than double that from petroleum sources.) Electrical output attributable to natural gas and other gases increased by just 3.47% while growth in the nuclear power sector was an anaemic 1.02%. Beyond solar, wind, and hydro; geothermal also posted an impressive increase of 9.41% in 2016.

Renewables Provide 23% Of US Electrical Generation, As Wind, Solar Grow Rapidly Read More »

Gamesa Consolidates Indian Industrial Presence With New Manufacturing Facility

Asia Pacific, Carbon, Deals & Finance, Head Lines, Wind

Gamesa has inaugurated its new factory in the Nellore region, in the state of Andhra Pradesh, one of the country’s fastest-growing wind power producing regions. Construction of this manufacturing facility, one of the company’s largest in India, is framed by Gamesa’s growth plans, which contemplate capex of more than €100 million through 2017 to reinforce its manufacturing presence in this market.

Gamesa Consolidates Indian Industrial Presence With New Manufacturing Facility Read More »

Sign up for our newsletters