Spain Amends Renewable Energy Targets to 74% By 2030 Updated On Wed, Feb 27th, 2019 by Saurenergy The Spanish government has raised the RE target for the country to 74% by 2030, taking the expected installed capacity in the electricity sector to 157 GW. Pointing to the far more favourable conditions and constituency for renewable energy in Spain, as compared to say, the US, the Spanish Council of Ministers has approved the […] Read more
Rethinking a Renewable-Only Energy Future Makes Sense: Karin Kneissl Updated On Wed, Feb 27th, 2019 by Saurenergy The Austrian Foreign Minister has said that it now makes sense to rethink the renewable-only energy future. Austrian Foreign Minister Karin Kneissl has said that it now makes sense to rethink the renewable-only energy future because, in the process of aiming too high, the countries run the risk of missing their targets of socially acceptable […] Read more
Saudi Arabia and China To Boost Renewable Energy Cooperation Updated On Mon, Feb 25th, 2019 by Saurenergy Saudi Arabia’s PIF signs MOU with China’s National Energy Administration on renewable energy cooperation, after announcing to make India a regional hub for oil supply. Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China. The news about the […] Read more
Cheap Finance Can Make Renewables Cost-Competitive Faster in Developing Countries Updated On Mon, Feb 25th, 2019 by Saurenergy A new report pinpoints how concessional finance can make wind, solar, and batteries cost-competitive faster in developing countries, accelerating the shift from fossil-fuelled power. Cut-rate financing has the potential to substantially speed the transition from fossil-fuelled power generation to renewable energy in developing countries, according to a new report produced by BloombergNEF (BNEF) and commissioned […] Read more
Maldives Steps Up Renewable Adoption With 5 MW Solar Tender Updated On Mon, Feb 25th, 2019 by Saurenergy The 5MW solar system will be developed under design, build, finance, own, operate, and transfer basis. The Government of the Republic of Maldives is implementing the “Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE)” Project and has invited bids from investors for installation of 5MW Grid-connected Solar PV Power System in the Greater Malé Region […] Read more
Fitch Ratings Assigns BB(EXP) Rating to ReNew’s USD Notes Updated On Sat, Feb 23rd, 2019 by Saurenergy Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II. Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II, which is a restricted group of subsidiaries owned by ReNew Power Ltd. “The rating of the proposed notes reflects […] Read more
MNRE’s Rs 175.87 Cr RE Research and Technology Development Programme Renewed Updated On Fri, Feb 22nd, 2019 by Saurenergy The President of India has given his approval for the continuation of the Renewable Energy Research and Technology Development (RETD) program of the Ministry of New and Renewable Energy (MNRE) for implementation during 2017-18 and 2019-20 at the cost of Rs 175.87 crore. The scheme aims at scaling up R&D effort for “Renewable Energy Research […] Read more
ReNew Power Secures Additional Debt Funding of $350 Mn From OPIC Updated On Thu, Feb 21st, 2019 by Saurenergy The IPP has secured a fresh debt financing of up to USD 350 million from the US Government’s development finance institution. ReNew Power, one of India’s largest renewable energy Independent Power Producer (IPP) in terms of total energy generation capacity, has secured a fresh debt financing of up to USD 350 million from the Overseas […] Read more
Viz-A-Viz with Ashish Khanna, President, Tata Power (Renewables) Updated On Tue, Feb 19th, 2019 by Saurenergy Our policymakers will have to create an effective regulatory framework for the development and installation of a widespread solar water pump network. It will be largely beneficial if our farmers are made aware of the many benefits that come along with the adoption of solar water pumps as well. Policymakers can also incentivize the use […] Read more
