India’s L&T & Japan’s SMBC Conclude $107 Mn Sustainability Linked Loan Updated On Fri, Dec 2nd, 2022 by Saurenergy A Japanese multinational banking and financial services institution, Sumitomo Mitsui Banking Corporation (SMBC), and India’s multinational conglomerate company Larsen & Toubro Limited (L&T) recently successfully finalised a three-year, $107 million sustainability-linked loan. SMBC was the sustainability coordinator and lender. In a statement, L&T noted that its continuous dedication to its environmental, social, and governance (ESG) […] Read more
NREL Confirms Spike In Solar and Storage Costs In US Updated On Fri, Dec 2nd, 2022 by Saurenergy The National Renewable Energy Laboratory (NREL), the premier government entity tasked with tracking and projecting impact of technology changes in the renewables space, has come out with its annual benchmarking report on prices. And the findings are no surprise, to those who have been in the market. Using 2021 prices, NREL estimates that utility-scale PV […] Read more
UP Govt’s Ambitious Plan to Power Textile Industry with Solar Energy Updated On Fri, Dec 2nd, 2022 by Saurenergy The Uttar Pradesh Government has approved a scheme under which the handloom sector will be powered with solar energy. The scheme, to be executed in a phased manner, will impact millions of families dependent on the handloom sector for a living. As per the scheme, weavers belonging to the general category will get 50 per […] Read more
Solar Establishes Itself in 2022 in India With Growth, Highest Generation Share Among Renewables Updated On Fri, Dec 2nd, 2022 by Saurenergy The share of solar power is finally making a significant impact on total generation numbers, as October data from the Central Electricity Authority indicates. From a total installed capacity share of over 15% (61+ GW out of 408 GW of total installed capacity in India), in October, solar’s share in actual generation numbers also hit […] Read more
Adani Green Raises $200 Mn Through Yen-Denominated Refinancing Deal Updated On Fri, Dec 2nd, 2022 by Saurenergy Adani Green Energy Ltd (AGEL) has raised a Japanese yen-denominated loan to refinance its current debt for 350 MW of solar projects in the Indian state of Andhra Pradesh. This was done through its subsidiary Adani Solar Energy AP Six. The facility consists of an amortizing project loan for JPY 27,954 million ($200 million), with […] Read more
APTEL Asks TANGEDCO to Reimburse Solar Developers for Excess Energy Demand Updated On Thu, Dec 1st, 2022 by Saurenergy The Appellate Tribunal For Electricity (Aptel) has asked The Tamil Nadu Generation and Distribution Corporation Limited (Tangedco) to reimburse solar power developers for excess energy purchased from them exceeding the capacity utilization factor (CUF) of 19%. The said solar power developers include Crescent Power Limited, B.S. Apparel and Ranergy Solutions Pvt. Ltd. Along with tariff […] Read more
AMEA Power Closes Financing of 1 GW Solar, Wind Project for US$1.1 Bn in Egypt Updated On Thu, Dec 1st, 2022 by Saurenergy AMEA Power, a Dubai-based developer, owner and operator of renewable generation assets, has closed the financing of 1 GW of renewable energy projects. The projects, which are to come up in Egypt, entail a 500 MW solar PV plant and a 500 MW wind farm. The US$1.1 billion investment for the project has been provided […] Read more
L&T Picks LONGi for Saudi Projects With 1292 MW Module Order Updated On Thu, Dec 1st, 2022 by Saurenergy L&T has picked Chinese major LONGi to provide 1292MW of PV modules for two solar projects under construction in Saudi Arabia. LONGi VP Dennis She and A. Ravindran, Senior Vice President and Head of the Renewables Strategic Business Group at L&T, jointly signed the agreement, involving two Saudi Arabian projects for which L&T is acting […] Read more
Bengaluru’s SUN Mobility Looks Ahead With Fastest Charging Station in World Updated On Thu, Dec 1st, 2022 by Saurenergy Investments in the EV sector are growing by the minute. In 2021, the sector saw investments worth $6 Bn. This number is expected to more than triple to $20 Bn by 2030. Against this backdrop, it’s no surprise that emobility firms are eyeing big projects and chasing gigantic targets. Bengaluru’s SUN Mobility, a leading provider […] Read more
