Norway’s $1.3 Trillion Sovereign Fund Makes First Green Infra Investment Updated On Thu, Apr 8th, 2021 by Saurenergy Norway’s $1.3 trillion sovereign wealth fund, a pioneer and probably the largest in the world has announced its first investment into renewable energy infrastructure on April 7. The fund, which was in the news for its decision to stop and exit from all investments in fossil fuel-based firms, sold the last of its holdings in such […] Read more
Plug Power led Consortium Pledges $320 Mn to new Clean Hydrogen Fund Updated On Tue, Apr 6th, 2021 by Saurenergy Plug Power, Chart Industries, and Baker Hughes intend to become cornerstone investors in the formation of the FiveT Hydrogen Fund Plug Power, Chart Industries, and Baker Hughes have announced their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund, a unique new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects […] Read more
Tata Power & Social Alpha Invest in Smart Energy Management Startup ‘URJA’ Updated On Tue, Apr 6th, 2021 by Saurenergy Tata Power & Social Alpha invest in Industrial IOT startup ‘URJA’ – an innovative solution consisting of Smart Sensors and Analytics platform Tata Power and Social Alpha have announced an investment in Industrial IOT startup ‘URJA’ – an innovative solution consisting of Smart Sensors and Analytics platform founded by Saurabh Jhamb and Anant Jhawar in […] Read more
ReNew Power Successfully Prices USD 585 Million of Green Bonds Updated On Tue, Apr 6th, 2021 by Saurenergy ReNew Power has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured “green bonds” ReNew Power Private Limited, one of India’s leading renewable energy company, has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured “green bonds” due 2028 on March 31, 2021, to be issued by certain of its […] Read more
GCF Approves USD 137 Mn FMO Investment in India’s Green Growth Equity Fund Updated On Tue, Apr 6th, 2021 by Saurenergy The Board of GCF has approved the proposal by FMO to accelerate private and public sector investment in India’s green infrastructure projects. The Board of the Green Climate Fund (GCF) has approved Dutch development bank FMO’s proposal to accelerate private and public sector investment in India’s green infrastructure projects. Through the Green Growth Equity Fund […] Read more
EIB Provides Brenmiller Energy with €7.5 Mn for Innovative Thermal Storage Factory Updated On Mon, Apr 5th, 2021 by Saurenergy EIB and Brenmiller Energy have signed a €7.5 million financing agreement to back the company’s construction of the first large-scale factory for its bGen storage unit. The European Investment Bank (EIB) and Brenmiller Energy, an Israeli provider of industrial energy storage solutions, have signed a €7.5 million financing agreement to back the company’s construction of the […] Read more
State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points Updated On Thu, Apr 1st, 2021 by Saurenergy State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […] Read more
EIB Co-Finances Construction of 450 MW Offshore Wind Farm in France Updated On Wed, Mar 24th, 2021 by Saurenergy EIB has granted a EUR 350 mn credit line to a consortium of EDF-R, Enbridge & wpd to co-finance construction of an offshore wind farm in France The European Investment Bank (EIB) has granted a EUR 350 million credit line to a consortium made up of EDF Renouvelables, Enbridge and wpd to co-finance the construction of […] Read more
AfDB Funds $530 Mn Transmission Line in Angola to Boost Renewable Distribution Updated On Mon, Mar 22nd, 2021 by Saurenergy AfDB to finance transmission line that will connect the north and south grids in Angola and allow for the distribution of clean energy The African Development Bank (AfDB) has committed USD 530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids […] Read more
