Engie Sells 49% Share in its 2.3 GW US Renewables Portfolio Updated On Thu, Jul 2nd, 2020 by Saurenergy Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong, a leading investor in climate change solutions. […] Read more
The Case for Mini Grids Stronger Than Ever, Says Global Report Updated On Thu, Jul 2nd, 2020 by Saurenergy A new report launched yesterday (July 1), State of The Global Mini-Grids Market Report 2020 has delved deeply into the present, potential, and obstacles to further growth of mini-grids around the world. For its research and conclusions, the report focused on mini-grids in Sub-Saharan Africa, Asia, and small island nations. Created for the Mini Grids […] Read more
IFC Grants $25 Mn to NMB Bank to Boost Green Financing in Nepal Updated On Thu, Jul 2nd, 2020 by Saurenergy IFC is providing a USD 25 million loan to NMB Bank to boost financing for green projects and small and medium enterprises (SMEs) in Nepal The International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing […] Read more
UAE’s Post-COVID-19 Recovery Plan Will Focus on Sustainable Economic Growth Updated On Thu, Jul 2nd, 2020 by Saurenergy The UAE’s post-COVID-19 recovery plan will focus on sustainable economic growth, Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, said today at a virtual event for Masdar employees. Masdar is playing a leading role both in food security and in renewable energy development, where it is supporting “building a greener, healthier […] Read more
Railways Tender for Setting up 1 GW Solar Projects Along the Tracks Updated On Thu, Jul 2nd, 2020 by Saurenergy REMCL has issued a tender on behalf of the Indian Railways for setting up of 1 GW ground-mounted solar plants on railway land along the railway tracks. The Railway Energy Management Company Limited (REMCL) – a JV of the Ministry of Railways and RITES Ltd, has issued a tender on behalf of the Indian Railways […] Read more
NSEFI Pitches For A 6 Months Extension Across Solar Projects Updated On Thu, Jul 2nd, 2020 by Saurenergy The New Delhi-based NSEFI (National Solar Energy federation of India) has pitched for a clean 6 month extension for solar projects at various stages of completion, citing multiple causes for delays beyond the lockdown period laid down by the MNRE. The body, an umbrella federation of stakeholders in the solar energy sector, sent a letter […] Read more
TPG Forms RE Firm With Acquisition of 1 GW Portfolio From Trina Solar Updated On Wed, Jul 1st, 2020 by Saurenergy The Rise Fund, managed by alternative asset firm TPG, has announced the acquisition of approximately 1 GW of solar PV projects from Trina Solar. The Rise Fund, a global impact investing fund managed by alternative asset firm TPG, has announced the acquisition of approximately 1 gigawatt (GW) of solar PV projects from Changzhou, China-based Trina […] Read more
Understanding The Record Rs 2.36 Bid at SECI’s 2 GW auction. Just Covid 19? Updated On Wed, Jul 1st, 2020 by Saurenergy Shortly after we received news of the record low prices or SECI’s 2 GW ISTS tender, we checked with our sources at SECI on the reasons for the low bid. The short answer? ” We are equally surprised”. Solarpack corporacion of Spain was the surprise winner, with its bid at Rs 2.36 for 300 MW. […] Read more
Floating Solar to Generate 900% More Electricity Across APAC: IEEFA Updated On Wed, Jul 1st, 2020 by Saurenergy Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi at the Institute of Energy Economics and Financial Analysis (IEEFA) note that power demand in the Philippines and Malaysia has dropped by as much as 16 percent during the COVID-19 […] Read more
