Union Budget 2019: A Mixed Bag for the Solar Industry Updated On Sat, Jul 6th, 2019 by Saurenergy As expected from Modi Government 2.0, India’s first full-time woman Finance Minister Nirmala Sitharaman had few eggs in her basket for the renewables sector. Here’s how the key stakeholders of the solar industry, including policymakers, think tanks, leading private players have reacted to the government’s Budget for FY19-20: After the budget, Power Minister R. K. […] Read more
ADB Grants $30 Million Loan for 100 MW Solar Project in Kazakhstan Updated On Thu, Jul 4th, 2019 by Saurenergy ADB has granted a $30 million loan to M-KAT Green LLP to build and operate a 100 MW solar plant to boost the share of renewables in Kazakhstan’s energy mix. The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created […] Read more
Enel Begins Construction on 140 MW Wind Farm in South Africa Updated On Wed, Jul 3rd, 2019 by Saurenergy Enel Green Power RSA, has started construction on its 140 MW Garob wind farm located near the town of Copperton in South Africa’s Northern Cape province. Italian energy conglomerate Enel, through its renewable subsidiary Enel Green Power RSA, has started construction on its 140 MW Garob wind farm located near the town of Copperton in […] Read more
IEEFA Report on Indonesia’s Solar Policies, Designed to Fail? Updated On Thu, Jun 20th, 2019 by Saurenergy Consistent and market-relevant enabling policies are key to building affordable solar power. Unfortunately, this basic principle has been overlooked as Indonesia has cycled through a patchwork of solar policies that have driven many experienced investors and developers to the sidelines. The proof is in the numbers. Despite having substantial solar resources, Indonesia’s solar policy framework […] Read more
OPIC Approves $87 Mn in Funding For 250 MW Wind Project in Egypt Updated On Fri, Jun 14th, 2019 by Saurenergy OPIC has approved $87 million in funding for a 250 MW wind project in Egypt to support economic growth through the development of power infrastructure. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in […] Read more
2018 a Record Breaking Year For Wind Turbine Manufacturers in Africa: Report Updated On Thu, Jun 6th, 2019 by Saurenergy 2018 was a record-breaking year for wind turbine manufacturers in Africa, boosted by strong demand and supply in South Africa. 2018 was a record-breaking year for wind turbine manufacturers in Africa. The South African government signed long-pending PPAs in April 2018, which helped independent power producers (IPPs) to announce final investment decisions (FID), according to […] Read more
Enel Begins Construction on 140 MW Wind Farm in South Africa Updated On Wed, May 29th, 2019 by Saurenergy The Oyster Bay wind farm is located in the Eastern Cape province and is expected to generate around 568 GWh annually once fully operational, due in the second quarter of 2021 Enel, through its renewable subsidiary Enel Green Power RSA, has begun construction of its Oyster Bay wind farm in the Kouga Local Municipality, in […] Read more
ADB Grants $4Mn Loan For 15.1 MW Solar Plant in Afghanistan Updated On Tue, May 28th, 2019 by Saurenergy The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle (SPV) to help build a 15.1 megawatt (MW) solar power plant in Afghanistan. The Asian Development Bank (ADB) has signed a $4 million loan with a special purpose vehicle (SPV) and subsidiaries owned by the 77 Construction, Contracting, and Trading […] Read more
MNRE Mulling Over Public Portal To Disclose Payment Delays by Discoms Updated On Fri, May 24th, 2019 by Saurenergy MNRE may open an online portal to publicly disclose the status of Discoms’ payments. The Ministry of New and Renewable Energy (MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms). The move is expected to usher in more transparency in pending payments. […] Read more
