Bangladesh Gets $185 mn World Bank Financing for Renewable Energy Updated On Sat, Aug 31st, 2019 by Saurenergy The government of Bangladesh has signed a financing agreement with the World Bank to add about 310 MW renewable energy generation capacity The government of Bangladesh has signed a USD 185 million financing agreement with the World Bank to add about 310 MW renewable energy generation capacity, which will contribute to reliable, affordable electricity and […] Read more
Adani Green Energy Acquires Solar Projects Worth 205 MW From Essel Updated On Fri, Aug 30th, 2019 by Saurenergy Adani Green Energy has announced that it has signed a securities purchase agreement for the acquisition of 205 MW operating solar assets from Essel Adani Green Energy has announced that it has signed a securities purchase agreement for the acquisition of 205 MW operating solar assets of Essel Green Energy Private Limited (EGEPL) and Essel […] Read more
Senvion Enters Final Stages of M&A Process Updated On Fri, Aug 30th, 2019 by Saurenergy Senvion, after receiving several advanced offers for various substantial core parts of its business, is now entering final stages of Merger and Acquisition process. German wind energy major, Senvion has announced that after receiving several advanced offers for various substantial core parts of its business, the company is now entering final stages of the Merger […] Read more
NCLT Approves IL&FS Proposal to Sell 7 Wind Assets Updated On Thu, Aug 29th, 2019 by Saurenergy NCLT has cleared the sale of IL&FS’s 7 wind energy assets to Orix Corporation for Rs 4,800 crore The National Company Law Tribunal (NCLT) on August 28, 2019, has cleared the sale of IL&FS’s seven wind energy assets to Japan’s Orix Corporation for Rs 4,800 crore which will partially help reduce its debt burden of over […] Read more
PowerGrid Board Approves Rs 2,578 Cr Investment for Rajasthan Transmission Project Updated On Wed, Aug 28th, 2019 by Saurenergy PowerGrid has announced that its board has approved an investment of Rs 2,578.47 crore for a transmission project for a solar energy zone in Rajasthan. State-run PowerGrid Corporation of India (PGCIL) has announced that its board has approved an investment of Rs 2,578.47 crore for an electricity transmission project for a solar energy zone (SEZ) in Rajasthan. The […] Read more
Payment Dues to RE Firms Climbs to Rs 6872 Crore Updated On Thu, Aug 22nd, 2019 by Saurenergy A new report has revealed that power Discoms across the country owe close to Rs 6872 crore to RE developers in payment dues A new report has revealed that the power distribution companies (Discoms) across the country owe close to Rs 6872 crore to renewable energy developers in payment dues up to August 16, 2019. […] Read more
Sterling and Wilson Solar Shares Tumble 7-10% on Debut Updated On Wed, Aug 21st, 2019 by Saurenergy Shares of Sterling and Wilson Solar made a disappointing debut on the bourses, falling between 7 and 10 percent over its issue price of Rs 780. Shares of Sterling and Wilson Solar made a disappointing debut on the bourses on August 20, 2019, falling more than 10 percent over its issue price of Rs 780. The scrip […] Read more
UKCI to Invest £14 mn on 250 MW Wind Projects in South Africa Updated On Wed, Aug 21st, 2019 by Saurenergy UKCI has announced an approximate £14 million agreement with H1 Holdings to support the development of 250 MW of wind energy projects across South Africa. The UK Climate Investments (UKCI) has announced an approximate £14 million (R253 million) agreement with H1 Holdings to support the development of 250 MW of wind energy projects across South […] Read more
Vestas Earnings dip While Recording Highest Quarter Intake and Order Backlog Updated On Sat, Aug 17th, 2019 by Saurenergy Vestas revealed that revenue and earnings decreased while the highest ever quarterly order intake and combined order backlog at an all-time high level. Vestas has revealed that revenue and earnings decreased compared to last year’s second quarter while free cash flow improved. Highest ever quarterly order intake and combined order backlog at an all-time high […] Read more
