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
Trump Administration Lags Obama Record for RE Approvals: CAP Updated On Thu, Jun 25th, 2020 by Saurenergy A new analysis has revealed that the Trump Administration has approved about half as many wind and solar energy projects as the Obama administration had at the same point. A new analysis by the Center for American Progress (CAP) has revealed that the Interior Department of the Trump Administration has approved about half as many wind […] Read more
Govt Proposes Tariff, Non-Tariff Barriers to Restrict Imports in Power Sector Updated On Thu, Jun 25th, 2020 by Saurenergy The government is proposing tariff and non-tariff barriers to restrict imports in the power sector, to reduce large scale presence of overseas equipment The government is proposing various tariff and non-tariff barriers to restrict imports in the sensitive and strategically important power sector where there is a large scale presence of overseas equipment, particularly from […] Read more
Volvo Partners With Plugsurfing to Offer EV Charging Services Across Europe Updated On Thu, Jun 25th, 2020 by Saurenergy Volvo Cars has joined hands with Plugsurfing to offer Europe-wide EV charging service on all-electric models, the Swedish automaker has informed. Volvo Cars has joined hands with charging firm Plugsurfing to offer Europe-wide EV charging service on all-electric models, the Swedish automaker has informed. With this partnership, drivers of fully electric Volvo Recharge models in Europe […] Read more
Amazon’s Carbon Footprint grows 15% With Active Green Pledges Updated On Thu, Jun 25th, 2020 by Saurenergy Amazon has announced that its carbon footprint rose 15 percent even as it launched several initiatives to reduce its harm on the environment. Global e-commerce major Amazon has announced that its carbon footprint rose 15 percent even as the firm launched several initiatives to reduce its harm on the environment. The firm revealed that it […] Read more
NTPC Secures another PMC Contract to Develop 500 MW Solar Park in Mali Updated On Wed, Jun 24th, 2020 by Saurenergy Adding more heft to its renewable ambitions to transition from a coal burning major, the country’s largest power generation utility NTPC has secured another Project Management Consultancy (PMC) contract for the development of 500 MW solar park in the Republic of Mali under the ISA initiative. This is the second project where a central PSU […] Read more
NITI Aayog, ITF Jointly Launch Decarbonizing Transport Project in India to Check CO2 Emissions Updated On Wed, Jun 24th, 2020 by Saurenergy With an aim to develop a path to a low-carbon transport system for the country, policy think tank NITI Aayog and the International Transport Forum (ITF) of OECD on Wednesday jointly launched the ‘Decarbonizing Transport in Emerging Economies’ (DTEE) project in India. This is an ambitious 5-year project, which seeks to help India in developing […] Read more
CIT Arranges $85 Mn Financing for 80 MW Solar Project in Colorado Updated On Wed, Jun 24th, 2020 by Saurenergy Financial holding company CIT Group through its Power and Energy unit has arranged USD 85 million financings for an 80 MW Pioneer Solar project located in Colorado. CIT further served as sole lead arranger for financing on behalf of project sponsor Idemitsu Renewables, a leading solar project developer that has successfully built and sold hundreds of […] Read more
CERC’s Order Lowering REC Forbearance, Floor Price Removal Positive for Obligated Entities Updated On Wed, Jun 24th, 2020 by Saurenergy With the significant reduction in wind and solar power tariffs during the last three years, the power sector regulator Central Electricity Regulatory Commission (CERC) has recently reduced the forbearance prices and also removed the floor price for the Renewable Energy Certificates (RECs). This move is expected to negatively impact the REC projects, even as it […] Read more
