DEWA & ACWA Power Reach Financial Closing on 950MW 4th Phase of MbRAM Solar Park Updated On Mon, Mar 25th, 2019 by Saurenergy The solar park will produce 5,000 MW by 2030 with investments totaling AED 50 billion. Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund, which is owned by the Chinese Government, announced the financial closing of the 950 MW fourth phase of the Mohammed bin […] Read more
ADB and LEAP Sign $18.7 Mn Loan Agreement For Financing 5MW Solar Plant in Mongolia Updated On Fri, Mar 22nd, 2019 by Saurenergy The loan agreement marks ADB’s first co-financing with LEAP in Mongolia’s renewable energy sector. The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15 MW […] Read more
ENEL Acquires 650 MW of Renewable Capacity From EGPNA REP Updated On Wed, Mar 20th, 2019 by Saurenergy The overall consideration paid for the transaction amounts to approximately 256 million US dollars, for an enterprise value equal to around 900 million US dollars. Enel S.p.A., acting through its renewable subsidiary Enel Green Power North America Inc. (EGPNA), finalised the acquisition of 100 percent of seven fully operational renewable plants totalling 650 MW from […] Read more
China’s Ambitious Solar Power Space Project is a bet on the future Updated On Wed, Mar 20th, 2019 by Saurenergy China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […] Read more
KIA and Amazon Partner to Develop Efficient Home Charging Systems For EVs Updated On Wed, Mar 20th, 2019 by Saurenergy Online retailer Amazon and South Korean automaker Kia have teamed up to provide one-stop shopping for chargers, in what is just the start of the retail giant’s reach toward EV and hybrid buyers. Korean car company KIA has become the second car company to team up with Amazon to simplify the installation of home charging equipment […] Read more
EXIM Bank Extends 3 LOCs Worth $83.11 Mn to Congo For 3 Solar Projects Updated On Tue, Mar 19th, 2019 by Saurenergy The loan will be utilised for financing three solar photovoltaic power projects with a total capacity of 35 MW in the three provinces — Karawa, Mbandaka and Lusambo. The Export-Import Bank of India (Exim Bank0 has, on behalf of the Government of India, extended 3 Lines of Credit (LOC) aggregating USD 83.11 million to the […] Read more
Telangana Municipal Corporation: No Solar Panels, No New House Permit Updated On Tue, Mar 19th, 2019 by Saurenergy In the sort of decisiveness the industry could do within other states, in Telangana, the Municipal Body has made housing permits subject to solar installations. Telangana town municipality in Karimnagar is pulling out all stops to push for Renewable energy in its grid and at the same time finding customers for it. The Municipal Corporation […] Read more
AfDB Pledges $25 Bn to Climate Finance For 2020-25 Updated On Tue, Mar 19th, 2019 by Saurenergy Key Bank projects include the co-financing of the 510 MW Ouarzazate Solar Complex in Morocco, one of the largest solar complexes in the world. The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said […] Read more
Hanergy’s Innovative Thin-Film Solar Products Bag Multiple iF Design Awards Updated On Tue, Mar 19th, 2019 by Saurenergy Hanergy Thin-Film Power Group, one of the world’s largest thin-film solar power solution company, recently bagged the prestigious iF Design Awards 2019, for four of its cutting-edge products. The company’s winning products include one Gold Award for its Single-Glass Triple-Arch HanTile, and an additional three three design awards for its Single-Glass Spool HanTile, Fold Backpack […] Read more
