Shanghai Electric, ACWA Power to Co-develop Global Solar Projects Updated On Fri, Apr 26th, 2019 by Saurenergy Zheng further said that, his group plans to invest more in the region over the next several years. With an aim to further expand its footprints into Belt and Road initiative countries, Chinese firm Shanghai Electric has entered into a pact with Saudi Arabia’s ACWA Power for global clean energy projects. The move will also help Riyad-headquartered […] Read more
Dutch Engineers To Construct World’s Largest Sun-seeking Floating Solar Islands Updated On Fri, Apr 26th, 2019 by Saurenergy Dutch engineers are building what will be the world’s largest archipelago of islands made up of sun-tracking solar panels. The 15 floating solar islands will possess sunflower-like ability to turn to face the sun Currently, large islands of solar panels are under construction or already in place in reservoirs and lakes across the Netherlands, China, […] Read more
Interview with Eric Zhang, Sales Director Asia, Ginlong (Solis) Technologies Co. Ltd Updated On Fri, Apr 26th, 2019 by Saurenergy We see EV segment linked with the solar co-generation as better project realization factor. Our grid tied and hybrid storage inverters has potential to make the EV charging stations financially and operationally more viable. Solar can bridge the gap of 7% extra requirement of electricity with induction of EV ecosystem, believes Eric Zhang, Sales Director […] Read more
Funding from International Solar Alliance Termed Domestic Funding Updated On Fri, Apr 26th, 2019 by Saurenergy Projects through the International Solar Alliance, (ISA), now fast emerging as the most prestigious forum for India’s push for renewable influence and impact, has been exempted from being classified as foreign funding. The move by India’s home ministry to exempt the International Solar Alliance, from being classified as a foreign source of funding for non-governmental […] Read more
World Bank Approves $200 Mn Regional Off-Grid Electrification Project Updated On Fri, Apr 26th, 2019 by Saurenergy The World Bank Group has approved the Regional Off-Grid Electrification Project (ROGEP) to help expand off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region. The Board of the World Bank Group approved the Regional Off-Grid Electrification Project (ROGEP), which includes $150 million in the form of credit and […] Read more
Hero Future Energies and IFC to Invest $243.3 Mn in Rajasthan Solar Project Updated On Fri, Apr 26th, 2019 by Saurenergy The project will be supported by the World Bank’s International Finance Corporation (IFC), which will invest around $43.3 million (Rs 300 crore). Hero Future Energies Global (HFE), the clean energy arm of the Hero Group has revealed its plans to invest close to $200 million (Rs 1404 crore) for its latest solar project in Rajasthan. The company […] Read more
European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania Updated On Fri, Apr 26th, 2019 by Saurenergy The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […] Read more
ADB Approves $100 Mn Facility For Renewable Power Projects in Pacific Updated On Fri, Apr 26th, 2019 by Saurenergy The Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees, and letters of credit to overcome constraints to private sector investment in renewable power projects in Pacific island countries. The ‘Pacific Renewable Energy Program’ will support an estimated 5 separate renewable energy projects in […] Read more
India’s Renewable Push On Track Despite 2018/19 Blip Updated On Fri, Apr 26th, 2019 by Saurenergy IEEFA’s briefing note, India’s electricity sector transition still on track despite a weak FY2018/19, projects renewable additions through 2021/22 based on the auction and tender activities during the past 18 months. The 2018-19 financial year turned out to be a sluggish year for both the renewable as well as thermal sectors in India in terms of increased […] Read more
