BII, Norfund & IndiGrid Enter 300 Mn Partnership To Expand BESS Project In India Updated On Wed, Nov 13th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), formed a new platform, EnerGrid in partnership with British International Investment (BII), UK’s development finance institution and impact investor, along with the Norwegian Climate Investment Fund, managed by Norfund. This platform focuses on developing greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India. The […] Read more
SAEL Secures $1 Billion For Solar, Other Renewables Updated On Wed, Jan 24th, 2024 by Saurenergy SAEL Industries, an Indian renewable energy firm, has successfully secured $1 billion in funding from various financial institutions, including Norfund, DFC, Asian Development Bank (ADB), and Tata Cleantech. The funds will be utilized to support SAEL’s renewable energy portfolio, with a focus on expanding its solar and biomass projects. The company, which specializes in solar […] Read more
Norway’s Norfund Commits Investment In Solar Energy Project in Rajasthan Updated On Tue, Aug 23rd, 2022 by Saurenergy The Norwegian Climate Investment Fund has said that it has entered into an agreement to take a 49% stake in a 420 MW solar power plant in Rajasthan, India, that is developed by Italy-based energy provider, Enel. With the investment, Norfund has within a short time put a total of NOK 1.8 billion to work […] Read more
Norway Launches New Renewable Energy Investment Fund For Developing Countries Updated On Thu, Jun 2nd, 2022 by Saurenergy South Africa is expected to get a fresh spell of investments in the renewable energy segment that will help the country to increase the green energy in its energy basket and decrease carbon emission. This is because Norway will make funds available from its climate investment fund to the developing countries for the development of […] Read more
Scatec Solar acquires SN Power, building a global leader in RE Updated On Mon, Oct 19th, 2020 by Saurenergy Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in […] Read more
Italy’s ENEL Has Norway’s Norfund Backing It For India Foray Updated On Thu, Jul 9th, 2020 by Saurenergy Rome – based Enel SpA, which recently won its first big solar energy tender in India, announced on Wednesday that its subsidiary firm Enel Green Power has signed an agreement with the Norwegian Investment Fund (Norfund) to back its renewable projects in India. Both firms will share in the costs of establishing the projects in […] Read more
