Suzlon Completes Sale of Two Subsidiaries to ReNew Power Updated On Wed, Apr 10th, 2019 by Saurenergy Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […] Read more
PFS Partners with USICEF For Financing Solar Projects in India Updated On Mon, Apr 8th, 2019 by Saurenergy PFS has partnered with USICEF to leverage funds for distributed solar power projects in the country. Infrastructure finance company, PTC India Financial Services (PFS) has partnered with the US-India Clean Energy Finance (USICEF) to secure funds for funding solar projects in India. “It is an innovative facility which presents PFS with an opportunity to finance […] Read more
$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments Updated On Fri, Apr 5th, 2019 by Saurenergy The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […] Read more
World Bank Grants $148Mn to Finance Access to Electricity in Mozambique Updated On Thu, Apr 4th, 2019 by Saurenergy The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique, including Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the Bank. With the potential to benefit about 1.5 million people, […] Read more
$130 Mn Grant For Early-Stage Solar Research Project Updated On Sat, Mar 30th, 2019 by Saurenergy The U.S. Department of Energy (DOE) announced up to $130 million for new research to advance early-stage solar technologies. These projects will help to achieve affordable and reliable energy to enhance America’s economic growth and energy security. “Solar is an integral part of the Administration’s ‘all-of-the-above’ energy strategy,” said U.S. Secretary of Energy Rick Perry. “This cutting-edge, […] Read more
US DOE Grants $28 Mn in Funding For Wind Energy Research Updated On Sat, Mar 30th, 2019 by Saurenergy The U.S. Department of Energy (DOE) has announced up to $28.1 million in funding aimed at advancing wind energy nationwide across the land-based, offshore and distributed wind sectors. While utility-scale wind energy in the United States has grown to 90 GW, significant opportunities for cost reductions remain, especially in the areas of offshore wind, distributed […] Read more
AfDB Approves $20 Mn Facility For Green Mini-Grid Program in Congo Updated On Fri, Mar 29th, 2019 by Saurenergy The African Development Bank (Afdb) Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The DR Congo Green Mini-Grid Program will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based […] Read more
US DOE Selects $36 Mn to Advance Solar Energy Integration Updated On Wed, Mar 27th, 2019 by Saurenergy The U.S. Department of Energy (DOE) selected up to $36 million in research projects that will advance solar energy’s role in strengthening the resilience of the Nation’s electricity grid. While fires, natural disasters, and cyberattacks can cause wide-spread power losses, even temporary disruptions in power quality can result in major economic losses. With more and more solar […] Read more
Suzlon Energy Completes Agreement to Sell 2 Subsidiaries to CLP Wind Farms Updated On Tue, Mar 26th, 2019 by Saurenergy Suzlon Energy has announced that it has completed the sale of two its subsidiaries (i) SE Solar and (ii) Gale Solar farms to CLP Wind Farms for a total consideration of Rs 99.09 crore. “In terms of Share Subscription / Share Purchase and Shareholders’ Agreement executed by the company (Suzlon) and CLP Wind Farms (India) Private Ltd (CLP) with SE […] Read more
