Author: Saur News Bureau

Prosus & South Pole Sign Deal with Innovative New Climate Finance Instrument

Global technology investor Prosus and South Pole (top provider of climate solutions) have joined forces to use the new D-REC market tool to deliver distributed renewable energy projects in response to growing calls for greater corporate climate action at COP27. High social impact projects in South Africa and India will be their main priorities. Prosus […]

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MSEDCL Gives LoA to TPREL for Setting up 150 MW Solar Plant in Maharashtra

The Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) has awarded the “Letter of Award” (LoA to TPREL) to Tata Power subsidiary Tata Power Renewable Energy for the construction of a 150 MW solar project in Solapur. According to a statement released by Tata Power, the project will be put into service within 18 months of […]

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Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific

A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […]

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Bank Of America, Crossboundary Partner for RE Expansion Across Africa

Renewable energy players, governments and financial institutions are leaving no stone unturned to expand the deployment of RE through pacts and agreements on the sidelines of COP-27. African renewable energy conglomerate CrossBoundary Energy has announced in Sharm el-Sheikh, Egypt at the COP27 about their intention to explore financing solutions with Bank of America to rapidly […]

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FTC Solar’s Clamping Solution for First Solar Modules Enables Rapid Installation

Austin-headquartered FTC Solar, Inc., a leading provider of solar tracker systems, software, and engineering services, has said that it has developed a novel clamping solution that enables rapid installation of First Solar Series 6 and Series 6 Plus modules. In an official statement, FTC Solar has announced that to support First Solar’s unique thin-film module […]

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Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US

American fintech giant Mosaic has announced that it has surpassed $10 billion in loans funded through its platform. Mosaic is a leading financing platform for U.S. residential solar and energy-efficient home improvements. This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded, showing accelerated growth for the clean energy fintech company. […]

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At COP27, UAE And Egypt Agree to Build One of the Largest Wind Farms

An agreement to build one of the largest onshore wind projects in the world in Egypt was signed recently in the presence of the Presidents of the United Arab Emirates (UAE) and Egypt, according to a formal statement. As per the statement, the agreement was signed by Masdar, a company that develops renewable energy in […]

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France’s Sonnedix Makes Inroads into Portugal with Acquisition of 262MWp Solar Portfolio

Sonnedix, an international Renewable Energy Producer (REP), has officially expanded into Portugal with the acquisition of a 262 MWp solar PV portfolio. The portfolio consists of seven ground-mounted projects under construction or late-stage development with a cumulative capacity of 262MWp throughout the country. During its first year of operation, these projects are expected to produce […]

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