World Bank Approves $750 Mn Credit to Help the Power Sector in Nigeria Updated On Thu, Jun 25th, 2020 by Saurenergy World Bank has approved the PSRO of USD 750 million in IDA credit to improve the reliability of electric supply and enhance the overall power sector in Nigeria. The World Bank Board of Directors approved the Power Sector Recovery Operation (PSRO) of USD 750 million in International Development Association (IDA) credit to improve the reliability […] Read more
Amazon Announces $2 Bn Fund to Support Sustainable Technologies and Services Updated On Wed, Jun 24th, 2020 by Saurenergy Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services with an initial USD 2 billion in funding Global e-commerce major — Amazon has announced a new Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet […] Read more
Cleantech Solar Inks APAC’s Largest Green Deal for Rooftop PV Projects Updated On Tue, Jun 23rd, 2020 by Saurenergy Cleantech Solar has secured a USD 75 million green loan from ING Bank, Singapore Branch, the largest deal in the APAC to date in the C&I renewables sector. Singapore-based Cleantech Solar, one of the largest commercial and industrial (C&I) focused solar PV developers in Asia, has secured a USD 75 million green loan deal from […] Read more
Hindustan Zinc Looking to Offload Wind Energy Assets Updated On Tue, Jun 23rd, 2020 by Saurenergy Hindustan Zinc, the Udaipur-based subsidiary of the Vedanta Group is looking to offload its wind energy assets worth 273 MW, nearly Rs 1500 crore. Hindustan Zinc, the Udaipur-based subsidiary of the Vedanta Group is reportedly looking to offload its wind energy assets worth 273 MW, nearly Rs 1500 crore. The assets, as per industry experts […] Read more
Highview Power Gets £10 Mn Grant From UK Govt for 50 MW CRYOBattery Updated On Fri, Jun 19th, 2020 by Saurenergy Highview Power has been awarded a GBP 10 million grant from the UK Department for BEIS for a 50 MW cryogenic energy storage (CRYOBattery) facility. Highview Power, a global leader in long-duration energy storage solutions, has announced that it has been awarded a GBP 10 million grant from the UK Department for Business, Energy & […] Read more
EESL Plans to Invest £150 Mn in UK and Ireland Power Market in 2020 Updated On Thu, Jun 18th, 2020 by Saurenergy EESL has plans to invest around GBP 150 million over the course of this year in the UK and Ireland market, as part of its UK JV EnergyPro Assets Limited India’s Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, has plans to invest around GBP 150 million over the […] Read more
SECI Disburses Rs 10.3 Cr in GST Claims to 6 SPDs in May Payments Updated On Tue, Jun 16th, 2020 by Saurenergy SECI has detailed that it has reimbursed six firms or SPDs (across their multiple subsidiary SPVs) for GST claims to the tune of Rs 10.35 crore. The Solar Energy Corporation of India (SECI), the nodal agency for implementing renewable energy projects in the country recently published a list of all the payments (solar/ wind power […] Read more
Sonnedix, Natixis Close Financing for 100 MW Solar Portfolio Updated On Tue, Jun 16th, 2020 by Saurenergy Sonnedix and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW solar PV portfolio in Chile. Sonnedix, a global solar independent power producer (IPP), and Natixis have successfully closed senior facilities totaling USD 87 million for an expected 100 MW portfolio (Sonnedix PMGD Portfolio) of approximately 20 solar photovoltaic plants in Chile. The Portfolio consists […] Read more
Azure Announces Financial Results for Q4 2020, 29% Increase in Revenue Updated On Mon, Jun 15th, 2020 by Saurenergy Azure Power has issued its financial results for the fiscal fourth quarter ended March 31, 2020. The firm has reported a 29 percent increase in its revenue. Azure Power, one of India’s leading independent power producers (IPP) for utility and commercial scale solar PV power plants, has reported its financial results for the fiscal fourth quarter ended March 31, […] Read more
