ADB Extends $8 Mn Funds For Mini-Grid Pilot Program In Africa Updated On Thu, May 23rd, 2024 by Saurenergy The African Development Bank Group’s Board of Directors has approved $8 million to support the rollout of a pioneering pilot mini-grid program with potential Africa-wide benefits. The funding is provided by the Bank-managed Sustainable Energy Fund for Africa (SEFA). This fund is provided in the form of concessional loans, grants, and risk mitigation, and plans […] Read more
US Plans To Invest USD 3.8 Billion In India’s RE Infra Updated On Thu, May 23rd, 2024 by Saurenergy US Ambassador Eric Garcetti recently shared International Development Finance Corporation plans to invest USD 3.8 billion to meet India’s renewable energy and infrastructure goals. He said, while addressing an event on ‘Indo-US Space Co-operation’ in Mumbai, he extended support to support renewable energy and infrastructure goals. He underscored the collaboration between the US and India […] Read more
Land Issues Slowing Down RE Projects In South Asia: Bloomberg Updated On Thu, May 23rd, 2024 by Saurenergy According to a recent report by Bloomberg’s New Energy Outlook (BNEF), renewables can overtake fossil fuels to reach 51% of power supply in 2030, 63% in 2040, and 70% in 2050. Bloomberg reported the current scenario and found that the global electricity demand based on the Economic Transition Scenario (ETS) grew by over 70% from […] Read more
May 23- For a Change Market Plays Catch Up With Green Stocks Updated On Thu, May 23rd, 2024 by Saurenergy On a day when the broader Nifty Index was up almost 1.6%, most green energy stocks trailed market gains. While Waaree Renewable Technologies remained locked into the lower 5% circuit, other EPC players like Sterling and Wilson Renewable also dropped appreciably, while KPI Green managed to hold on to morning gains at close as well. […] Read more
ProsParity Raises $2 Mn Pre-Seed EV Fund From Global Investors Updated On Thu, May 23rd, 2024 by Saurenergy ProsParity, a fintech platform involved in the distribution of credit in the electric mobility sector, has raised a $2 million pre-seed funding round from global institutional investors. These financial investors are BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. BEENEXT is a Venture Capital fund managed by serial entrepreneurs ProsParity is an end-to-end electric […] Read more
Spain Joins International Solar Alliance As Its Newest Member Updated On Thu, May 23rd, 2024 by Saurenergy The International Solar Alliance (ISA), a collaborative platform to increase deployment of solar energy technologies recently announced the addition of Spain as its 99th member. The grouping was formed to bring energy access, ensure energy security, and drive energy transition in its member countries. India is a founding member of the multilateral Alliance. The entry […] Read more
Green Energy Stocks May 22- Developers Day, As EPC Firms Lose Out Updated On Wed, May 22nd, 2024 by Saurenergy It was a tough day for EPC players listed on the stock markets today, as Waaree Renewable Technologies remained locked at the lower circuit, and was joined by Shakti Pumps as well. Seeing a reversal was also Sterling and Wilson Renewable Energy, while KPI Green managed to escape with a relatively lower price drop. What […] Read more
RECPDCL Releases Tender For 200 MW Solar Project In Jhansi Updated On Wed, May 22nd, 2024 by Saurenergy REC Power Development and Consultancy Limited (RECPDCL), a Central Public Sector Undertaking (CPSU) under the Ministry of Power, released a tender for the commissioning of a 200 MW (AC) grid-connected ground-mounted solar PV power plant at Jhansi, Uttar Pradesh. REC invited bids for the selection of the contractor for the design, engineering, supply, construction, erection, […] Read more
How US Import Barrier On Chinese Solar Cells Can Change Trade Game? Updated On Wed, May 22nd, 2024 by Saurenergy The recent trade barriers imposed by the United States (US) against the imports of Chinese solar equipment like solar cells has triggered speculations on the overall global trades of clean energy equipment. The Joe Biden led government recently triggered a new controversy by increasing the imports tariffs for solar cells for upto 50 percent and […] Read more
