India shows path for cheaper solar energy: World Bank Updated On Fri, Apr 21st, 2017 by Saurenergy “The incentives are clear that moving towards solar energy is better than continuing with the building of coal plants. So we need to find ways of accelerating that process. We hope to come out of these spring meetings with a platform like that in place” It is better to move towards solar energy than to […] Read more
World Bank Loan for Rewa Solar Power Project Updated On Wed, Mar 15th, 2017 by Saurenergy World Bank will provide 25% of the loan amount under its Clean Technology Fund to Rewa Solar Power Project at an interest rate of only 0.25%. The World Bank has agreed to provide loan to develop internal transmission arrangements for the upcoming Rewa Ultra Mega Solar Power Project in Madhya Pradesh. “The World Bank has […] Read more
World Bank with ISA launches Global Solar Atlas Updated On Sat, Jan 21st, 2017 by Saurenergy The Global Solar Atlas was funded by the Energy Sector Management Assistance Program (ESMAP), a multi-donor trust fund administered by the World Bank, and was commissioned in collaboration with the International Finance Corporation (IFC) to ensure relevance to both public and private sector stakeholders The World Bank with International Solar Alliance (ISA), launched the Global […] Read more
Hero Future Energies Raises USD 125 Million from World Bank’s private investment arm to fund RE projects Updated On Thu, Jan 5th, 2017 by Saurenergy HFE signed an agreement with IFC for the investment, the proceeds of which will be used to fund the construction of wind and solar power plants Hero Future Energies (HFE) has raised US$ 125 million in equity infusion from International Finance Corporation (IFC), the World Bank’s private investment arm. HFE signed an agreement with IFC […] Read more
World Bank Study has pegged India’s Energy Efficiency Market at Rs. 1.6 Lakh Crores: Piyush Goyal Updated On Fri, Dec 16th, 2016 by Saurenergy Union Minister for State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal in Lok Sabha on Thursday in a written reply in Lok Sabha today, said that a World Bank study has pegged India’s Energy Efficiency Market at Rs. 1.6 Lakh Crores. World Bank’s study titled, ‘Utility Scale DSM Opportunities and […] Read more
World Bank to grant additional 22.93 million dollars for solar projects in India Updated On Fri, Nov 18th, 2016 by Saurenergy The World Bank has facilitated an additional grant of 22.93 million dollars to India to further increase the installed grid-connected rooftop solar photovoltaic (GRPV) programme in the country. The add-on grant of 22.93 million dollars has been sanctioned under the Global Environment Facility (GEF), and will support the overall $625 million GRPV programme approved by […] Read more
World Bank announces to provide more than $1 billion for India’s solar project Updated On Thu, Jun 30th, 2016 by Saurenergy The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […] Read more
World Bank President Visits India today, talks on India’s Renewable Initiatives upfront Updated On Tue, Jun 28th, 2016 by Saurenergy World Bank President Jim Yong Kim will make a two-day visit to India exploring financial propositions, and also understand India’s efforts on renewable energy and nutrition. Kim in an official World Bank statement said, “I am very impressed with Prime Minister Narendra Modi’s reforms, and on this trip I want to explore how the World […] Read more
World Bank approves $750 Million loan to Support India’s Grid Connected Rooftop Solar Program Updated On Tue, May 17th, 2016 by Saurenergy The World Bank Board has approved a $625 million loan to support the Government of India’s grid connected rooftop solar programme to generate clean energy. World Bank has also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund. The project will […] Read more
