IFC and HSBC Green Bond Targeting Climate Finance in Emerging Markets Updated On Wed, Jun 5th, 2019 by Saurenergy IFC and HSBC have announced the creation of the first global green bond fund targeting “real economy” issuers in emerging markets. IFC, a member of the World Bank Group, and HSBC Global Asset Management recently announced the creation of the first global green bond fund targeting “real economy” issuers in emerging markets, increasing access to […] Read more
3.9 Mn Off-Grid Solar Lighting Products Sold in 2nd Half of 2018: Report Updated On Thu, May 30th, 2019 by Saurenergy According to a new report, globally, 3.9 million off-grid solar lighting products were sold in the second half of 2018, an installed capacity of 32.39 MW. ‘The Global Off-Grid Solar Market Report’ a biannual report by GOGLA and the World Bank’s Lighting Global program was recently published for the second half (July-December) of 2018. The […] Read more
WB Announces Energy Partnership to Support Energy Storage in Developing Countries Updated On Wed, May 29th, 2019 by Saurenergy The 10th Clean Energy Ministerial and 4th Mission Innovation Ministerial, being held at Vancouver, Canada, saw the announcement of a new international partnership by the World Bank. The Energy Storage Partnership (ESP) includes the World Bank Group and 29 organizations working together to help develop energy storage solutions tailored to the needs of developing countries. The […] Read more
ADB Agrees To Help Finance 100-MW Solar Project in Cambodia Updated On Fri, May 24th, 2019 by Saurenergy The Asian Development Bank (ADB) said today it will extend a loan of USD 7.64 million to support the construction of a 100-MW photovoltaic (PV) park in Cambodia. The National Solar Park Project was developed with grants from the governments of Canada and Singapore and envisages the installation of a power plant in Kampong Chhnang […] Read more
EDF & Masdar Consortium Wins 800 MW Hybrid Solar Project in Morocco Updated On Thu, May 23rd, 2019 by Saurenergy EDF, Masdar and Green of Africa Consortium has won 800 MW hybrid solar project in Morocco. The Moroccan Agency for Solar Energy (MASEN) has announced – after a competitive international bidding process – that the consortium of EDF (through its subsidiary EDF Renewables), Abu Dhabi Future Energy Company – Masdar, and Green of Africa, Moroccan […] Read more
Global Access to Electricity is Growing, but Falling Short of Sustainable Energy Goals Updated On Thu, May 23rd, 2019 by Saurenergy Despite significant progress in recent years, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030. Ensuring affordable, reliable, sustainable and modern energy for all by 2030 remains possible but will require more sustained efforts, particularly to reach some of the world’s poorest […] Read more
Demand of Solar Powered Devices in Odisha Shoots Up after Cyclone Fani Updated On Thu, May 9th, 2019 by Saurenergy Cyclone Fani might have sent shudders down plans for large sized solar parks in the region, but ironically, the demand for distributed solar products has gone up. People are now grappling with water shortage, lack of electricity, poor mobile connectivity and cash crunch. With no end to electricity woes on sight, residents of the capital […] Read more
Italy Signs €30 Mn Agreement With Myanmar to Fund Electrification Programme Updated On Fri, May 3rd, 2019 by Saurenergy As a part of the agreement signed between the two countries, Italy has approved Euro 30 million soft loan agreement. Italy has extended its help for the World Bank-funded national electrification programme in Myanmar that is expected to bring half a million people in the country energy access. As a part of the agreement signed between […] Read more
Enel Brings Online its First Solar Facility in Zambia Updated On Thu, May 2nd, 2019 by Saurenergy Upon completion, the facility is expected to produce around 70 GWh of electricity every year, while avoiding the annual emission of over 25,600 tons of CO2 into the atmosphere. Enel Green Power, the Enel Group’s global business line dedicated to renewable energy, has started operations of the 34 MW Ngonye solar PV plant, which is the Group’s […] Read more
