World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
NOVEC Signs 300 MW Agreement to Bring Low Cost Solar Power to Virginia Updated On Thu, Feb 21st, 2019 by Saurenergy The solar facilities involved in the agreement are expected to produce enough electricity to power nearly 73,000 homes, or the equivalent of taking nearly 37,000 passenger vehicles off the road. Northern Virginia Electric Cooperative (NOVEC), the 11th largest electric cooperative in the U.S. and D. E. Shaw Renewable Investments (DESRI) have reached an agreement for […] Read more
The URGE for “Li” Vault Updated On Wed, Feb 20th, 2019 by Saurenergy Nowadays, power storage has become vital on the back of its rapid response even at the time of peak demand, as most of the power storage technologies began transmitting power back to the grid within milliseconds. Moreover, storage technologies not only help in bolstering the use of electric vehicles but also help in reducing carbon […] Read more
Seimens Gamesa & Senvion Interested in Building $1 BN Wind Farm in Egypt Updated On Wed, Feb 20th, 2019 by Saurenergy The NREA is looking to procure close to 700 wind turbines for 8 wind power projects being developed in the country. In order to achieve 20% of the renewable power in its overall energy by 2022, Egypt is keen on allowing Arab and foreign investors to inject their capitals in the power market. These projects […] Read more
Insolight in the Spotlight With claims of 29% Efficiency for solar Panels Updated On Wed, Feb 20th, 2019 by Saurenergy Insolight claims that its panels, thanks to a patented optical system that concentrates sunlight on a kind of miniature photovoltaic cell normally used in satellites, deliver high efficiencies at a lower cost. The Lausanne, Switzerland based Insolight’s latest claims, which follow testing by an independent lab, should be a reason to think for naysayers who […] Read more
Enercon Signs 345 MW Agreement For Canadian Wind Energy Projects Updated On Mon, Feb 18th, 2019 by Saurenergy Under the agreement, the company will supply EP3 turbines for two projects in Canada. Germany-based Enercon GmbH, one of the world’s leading and largest wind turbine manufacturer has taken another step towards its goal of increased focus on international markets after reaching an agreement to supply 345 MW capacity of it’s E-138 EP3 wind turbines […] Read more
In Renewables, it’s No Less Than a ‘Revolution’ Underway in India. WSDS 2019 Updated On Wed, Feb 13th, 2019 by Saurenergy At the World Sustainable Development Summit, India’s renewable push came up for appraisal, with everyone agreeing that it was no less than a revolution when seen from most metrics. At a panel chaired by Ajay Shankar of TERI, Anand Kumar, Secretary, MNRE, Vineet Mittal of the Avaada Energy Group representing the private sector, David Nelson […] Read more
South Asia’s Largest Grid-Scale Energy Storage System Goes Online Updated On Wed, Feb 13th, 2019 by Saurenergy The project was developed in collaboration with AES India and Japan’s Mitsubishi Corporation. Tata Power Delhi Distribution Limited (TPDDL), a joint venture between Tata Power and the Government of NCT of Delhi that distributes electricity in North & North West parts of Delhi, has inaugurated South Asia’s Largest Grid-Scale Energy Storage System in Rohini. The […] Read more
“Leveraging the Co-Benefits of RE” Report Launched at WSDS 2019 Updated On Wed, Feb 13th, 2019 by Saurenergy TERI previously coordinated three co-benefits Council meetings to delineate areas of national importance that can be captured using the co-benefits approach. TERI and the Institute for Advanced Sustainability Studies (IASS), under the aegis of International Climate Initiative (IKI) and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), launched their report […] Read more
