Enfinity Global Raises $242 Million Funding For Solar Plants Updated On Tue, Aug 9th, 2022 by Saurenergy Enfinity Global, a provider of sustainability and renewable energy services with headquarters in Belgium, has obtained $242 million funding (about ¥29 billion) in long-term financing for three utility-scale solar PV projects in Japan that were just finished and have a combined capacity of 70 MW. Under the feed-in-tariff (FIT) arrangement, the power plants have 18 […] Read more
Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
$26M Investment In RE Grid Demonstration Projects By Biden Administration Updated On Mon, Aug 8th, 2022 by Saurenergy US President Joe Biden has announced a US $26M investment to demonstrate that the US electricity grid can be run fully on renewables and energy storage. The program will investigate how renewable energy can sustain grid dependability and allow it to stay connected during disturbances or reboot it in the event of a shutdown through […] Read more
Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures Updated On Fri, Aug 5th, 2022 by Saurenergy Terabase Energy, a US-based start-up, has raised USD $44 million in a Series B investment round led by Bill Gates’ Breakthrough Energy Ventures and venture capital company Prelude Ventures, among others, to accelerate the commercialization of its automated solar park building technology. The increase brings the company’s total funding to US$52 million, up from US$6 […] Read more
Green Jobs Are Finally A Mainstream Reality In India, Thanks To Solar Updated On Fri, Aug 5th, 2022 by Saurenergy The news of India’s ambitious solar and renewable energy targets has thrown up the possibility of as many as one million jobs in another three years’ time. These jobs matter, not only to an economy always seeking opportunities for its citizens, but also to ease the faster acceptance and spread of renewable energy, especially solar. […] Read more
European Bank To Invest $21.4M In Azerbaijan’s Solar Plant Updated On Wed, Aug 3rd, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […] Read more
First Solar Announces Q2 2022 Financial Results: QoQ Growth 99% Updated On Tue, Aug 2nd, 2022 by Saurenergy US solar panel manufacturer First Solar has announced its Second quarter (Q2) 2022 financial results, reporting net sales worth $621 million for the second quarter, an increase of $254 million from the prior quarter. This 99% increase in QoQ was primarily a result of increased module sales volume and a gain on the sale of […] Read more
From $316.05M To $530.2M, Enphase Almost Doubles Revenue in Q2 2022 Updated On Thu, Jul 28th, 2022 by Saurenergy California-based microinverter manufacturer Enphase Energy has announced its consolidated results for the second Quarter ending June 2022. Enphase reported a 42.2% non-GAAP gross margin & $530.2 million in revenue in the second quarter of 2022, while the second quarter of 2021 was $316 million along with a 40.8% non-GAAP gross margin. In Q2 of 2022, Enphase […] Read more
With 90% Growth In PAT In Q1 FY23, Tata Power Rides 48% Jump In Revenues Updated On Tue, Jul 26th, 2022 by Saurenergy One of India’s largest integrated power companies, Tata Power has today announced its results for Q1FY23 reporting a 90% YoY increase in consolidated quarterly PAT as compared to Q1FY22, registering its 11th consecutive year-on-year quarterly growth in PAT. Quarterly Highlights – Q1FY23 Tata Power’s consolidated PAT before Exceptional Items is up by 90% at ₹884 crore […] Read more
