Rs 183 cr in Funds Released for Mega Solar Projects in FY 19-20 so far Updated On Sat, Nov 30th, 2019 by Saurenergy RK Singh has detailed the amount of funds released by the centre for the development of ultra mega solar parks in India over the last four financial years. In his reply to a question on solar power production across states, Union Minister for Power, News & Renewable Energy and Skill Development and Entrepreneurship RK Singh, […] Read more
ADB Provides $250 mn to EESL to Expand Energy Efficiency Investments in India Updated On Thu, Nov 28th, 2019 by Saurenergy ADB has approved a loan of USD 250 million as part of an assistance package to EESL to expand energy efficiency investments in India. The Asian Development Bank (ADB) has approved a loan of USD 250 million as part of an assistance package to Energy Efficiency Services Limited (EESL), a public sector energy service company, […] Read more
IFC Eclipses $10 bn in Climate Finance Investments Since 2006 Updated On Tue, Nov 26th, 2019 by Saurenergy IFC has surpassed USD 10 billion in climate finance investments in financial institutions in emerging markets since 2006. IFC, a member of the World Bank Group, has announced that it has surpassed USD 10 billion in climate finance investments in financial institutions in emerging markets since 2006, a milestone that reflects the Corporation’s commitment to […] Read more
Mitsubishi-Chubu Consortium to buy Eneco for EUR 4.1 bn Updated On Tue, Nov 26th, 2019 by Saurenergy Eneco and a consortium of Mitsubishi and Chubu have reached an agreement on the proposed sale of all shares in Eneco for a total value of EUR 4.1 billion. Netherlands based producer and suppliers of natural gas, electricity and heat, Eneco has announced that the shareholders’ committee, Eneco and a consortium of Mitsubishi Corporation and […] Read more
Clean Energy Investments in Developing Nations Falls Post Slowdown in China Updated On Tue, Nov 26th, 2019 by Saurenergy A new report has revealed that the investments in clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. A new report has revealed that the investments in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in […] Read more
Australia Commits $70 mn to Fast Track Renewable Hydrogen Development Updated On Mon, Nov 25th, 2019 by Saurenergy ARENA has announced a funding round of up to AUD 70 million to help fast track the development of renewable hydrogen in Australia. The Australian Renewable Energy Agency (ARENA), on behalf of the Australian Government has announced a funding round of up to AUD 70 million to help fast track the development of renewable hydrogen […] Read more
IFC, NADB Provide $200 mn Loan for Solar Project in Mexico Updated On Thu, Nov 21st, 2019 by Saurenergy IFC and NADB will provide USD 200 million in green loans to IEnova, to finance four solar power plants with a total capacity of 376 MW across Mexico. The International Finance Corporation (IFC), a member of the World Bank Group, and the North American Development Bank (NADB) will provide USD 200 million in green loans […] Read more
Debt-Ridden Suzlon Working on a Resolution Plan Updated On Thu, Nov 21st, 2019 by Saurenergy Suzlon Energy is working on a resolution plan and lenders have till January to work on a sustainable resolution plan before taking any extreme steps. Wind-turbine maker Suzlon Energy has confirmed that the company is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps. “The […] Read more
€6.9 bn EIB Backing for Renewables, Sustainable Transport and Innovation Updated On Mon, Nov 18th, 2019 by Saurenergy EIB has agreed to support EUR 6.9 billion of new financing to improve renewable energy, sustainable transport, social housing, communication, etc. The Board of the European Investment Bank (EIB) has agreed to support EUR 6.9 billion of new financing. This includes backing new investments across Europe and around the world to improve renewable energy, sustainable […] Read more
