OPIC Provides Initial Financing to $85 Mn Solar Energy Transformation Fund Updated On Mon, Feb 25th, 2019 by Saurenergy The fund supports businesses providing solar solutions to some of the millions of people in India and Sub-Saharan Africa who lack access to electricity. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85 million Solar Energy Transformation Fund which supports businesses providing solar solutions to […] Read more
Madhya Pradesh Regulator is Right, Don’t Consider Any Change in PPAs Updated On Sat, Feb 23rd, 2019 by Saurenergy The news that the Madhya Pradesh Electricity Regulatory Commission (MPERC) has refused the plea from the state electricity distribution companies’ (discoms) to revise the rates at which they procure wind power is to be welcomed. The MP Power management company — the holding entity of the state’s discoms, had made a plea to review the […] Read more
India & China Lead as Asia-Pacific Installs 24.9 GW of New Onshore Wind Capacity in 2018 Updated On Wed, Feb 20th, 2019 by Saurenergy Total installed onshore wind capacity in Asia-Pacific is now 256 GW, leading countries in the region for onshore installations in 2018 were China (21.2 GW) and India (2.2 GW). The latest data released by the Global Wind Energy Council (GWEC), a member-based organisation that represents the entire wind energy sector, shows that Asia-Pacific installed 24.9 […] Read more
Large Scale Solar Project Tender Issued in Malaysia Updated On Tue, Feb 19th, 2019 by Saurenergy The last date for the projects which will be developed under the country’s third cycle of large scale solar program is August 19, 2019. The Suruhanjaya Tenaga (Energy Commission of Malaysia) has issued a tender in Peninsular Malaysia for the development of a large scale solar PV project. The commission is conducting a competitive bidding process to […] Read more
PPA For 250 MW Wind Farm Signed in Egypt Updated On Thu, Feb 14th, 2019 by Saurenergy The project will produce more than 1000GWh a year, powering the equivalent of over 350,000 homes in Egypt. Lekela, the renewable power company that delivers utility-scale projects across Africa, has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for its 250MW wind farm project in the Gulf of Suez, near […] Read more
Biggest Offshore Wind Farm to Power Up this Week Updated On Tue, Feb 12th, 2019 by Saurenergy When completed will be twice the capacity of the world’s largest offshore wind farm. Danish wind energy solutions provider, Ørsted, has announced that its Hornsea 1 wind farm off the coast of Yorkshire (Britain) is to supply its first power to the UK electricity grid this week. The Danish developer will be installing the first […] Read more
Exporting Solar. EXIM Bank to Provide $1.4 Bn For Projects in 15 nations Updated On Tue, Feb 12th, 2019 by Saurenergy The bank has already provided LOCs worth $226 million to finance 16 solar projects in various developing countries. The Export-Import Bank of India (EXIM) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, according to the Managing Director of the Bank, David Rasquinha. “As an agent of Government of India, we […] Read more
Interview with Viraj Gada, IDEF Spokesperson & India Regional Representative, GOGLA Updated On Fri, Feb 8th, 2019 by Saurenergy We recently caught up with Viraj Gada, the India Representative for GOGLA, the global body for the off grid, and distributed solar industry. India is a key market worldwide, with the highest off take of solar products. And firms that have pioneered innovative sales and distribution models. Here’re a few answers from that interaction. Q. […] Read more
EIB Approves Euro 1670 Million Fund For Strengthening Sustainable Transport and Clean Energy Investments Updated On Fri, Feb 8th, 2019 by Saurenergy The investments in renewable energy initiatives are a part of the bank’s programme that saw EUR 4.8 billion of new financing. The European Investment Bank (EIB) has approved a total of EUR 1670 Million for strengthening sustainable transport and supporting the development of renewable energy in Europe, Africa, and Asia. The EIB-backed financing will support […] Read more
