ADB Expands Clean Energy Project in India with AIIB Co-financing Updated On Thu, Sep 28th, 2017 by Saurenergy The ADB financing comprised a $500 million government-backed loan and a further $500 million in non-sovereign lending to India’s national transmission company, Power Grid Corporation of India Limited (POWERGRID). The Asian Development Bank (ADB) has agreed to finance additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank (AIIB) that will connect […] Read more
Mytrah Energy Successfully Raises Rs. 1800 Crore Updated On Tue, Sep 19th, 2017 by Saurenergy The 1800 crore fund is being invested in the form of non-convertible debentures (“NCDs”) with a 7-year tenor into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs. 980 crores) and Mytrah Ujjwal Power Private Limited (Rs. 820 crores). Mytrah, the Hyderabad-based renewable power producer has raised Rs 1,800 crores from Piramal Group’s financial […] Read more
Phanes Group Opens Solar Power Incubator to Unlock Potential of Energy in sub-Saharan Africa Updated On Mon, Sep 11th, 2017 by Saurenergy “We believe the Phanes Group Solar Incubator -in collaboration with our partners- will leverage untapped local PV potential, and create more opportunities for local projects. Combined with our strengths in developing bankable solutions for clean, affordable energy and efforts in CSR, the incubator initiative can help to address local needs that haven’t yet been met.” […] Read more
Sembcorp Increases its Stake in India Renewable Energy Business, acquires IDFC PE for Rs. 1400 crore Updated On Fri, Sep 1st, 2017 by Saurenergy Sembcorp Utilities has exercised its contractual right to acquire IDFC’s remaining shares in SGI Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for Rs. 1410.2 Crores. With this, Sembcorp will become the sole owner […] Read more
SolarReserve Signs Agreement with South Australian Government for 150MW Solar Thermal Project with Energy Storage Updated On Sat, Aug 19th, 2017 by Saurenergy The first of its kind in Australia, the Aurora Solar Energy Project will utilize SolarReserve’s leading solar thermal technology with integrated molten salt energy storage. SolarReserve has signed a long-term Generation Project Agreement (GPA) to build a 150 megawatt solar thermal power station with 8 hours of energy storage near the town of Port Augusta, […] Read more
Saudi Arabia Moving Towards a Sustainable Future Updated On Fri, Aug 18th, 2017 by Saurenergy The discourse on renewable sources of energy and other issues of the environment in Saudi Arabia is moving increasingly to the fore. The world’s biggest powers have debated the issue of climate change at length. They came together in 2015 to find possible solutions to curtail its impact. 195 countries made history in 2015 when […] Read more
West Bengal demands for relaxation to access clean energy fund for small solar power projects Updated On Fri, Aug 18th, 2017 by Saurenergy “The Centre is asking us to set up large solar parks in the state, but for that we need large tracts of land which is hard to get. So, we are asking it to consider funding small solar projects” The Centre is yet to respond to West Bengal’s demand for relaxation to access clean energy […] Read more
The Gospel of Distributed Energy Storage Updated On Fri, Aug 4th, 2017 by Saurenergy A target of 175 GW by 2022 is not just challenging but brings a commodity to bring swift innovations to peg this clean mission. Falling energy storage costs and steadily increasing solar capacity stand to catalyze a paradigm shift from net metering to distributed energy storage. Implementing a system composed of a web of distributed […] Read more
University of Virginia, Dominion Energy and Coronal Energy Announce Ambitious Solar PV Project Updated On Fri, Jul 21st, 2017 by Saurenergy As part of a 25-year agreement, the University of Virginia will purchase the entire output of a proposed solar PV project. Coronal Energy will develop the project, while Dominion Energy will construct and own the installation. The University of Virginia continues to expand its portfolio of carbon-free generation and achieve key sustainability targets with another […] Read more
