Microgrid to Attract Multibillion Investments By 2031: Guidehouse Insights Updated On Fri, Nov 18th, 2022 by Saurenergy A new report from Guidehouse Insights has said that Asia Pacific and Middle East and Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in […] Read more
Masdar, Jordan’s Ministry of Energy Sign Pact for 2 GW RE Projects Updated On Fri, Nov 18th, 2022 by Saurenergy UAE flagship renewable energy developer Masdar has signed an MoU with Jordan’s Ministry of Energy and Mineral Resources to explore collaboration in renewable energy projects with a total capacity of up to 2 GW. The MoU was signed by Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and […] Read more
Coal Firm Anglo American Secures 100% Renewable Electricity for Australian Ops Updated On Thu, Nov 17th, 2022 by Saurenergy Mining conglomerate Anglo American has said that it has sourced the supply of 100% renewable electricity for its operations in Australia from 2025, agreeing terms for a 10-year partnership with Stanwell Corporation, the Queensland Government-owned provider of electricity and energy solutions. Anglo American said that the deal will effectively remove all Scope 2 emissions from […] Read more
EBRD Raises Stake in Infinity- Egypt’s Largest RE Provider Updated On Thu, Nov 17th, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD) has announced that it is increasing its equity stake in Infinity, Egypt’s largest renewable energy developer, through an additional $ 41.5 million commitment. The EBRD is already a shareholder in the company, having invested US$ 60 million in 2020. EBRD said that $41.5 million will support Infinity’s plans […] Read more
AfDB Invests $20 Million in Fund for RE Expansion in Sub-Sahara Updated On Thu, Nov 17th, 2022 by Saurenergy African Development Bank (AFDB) has held in a key announcement that the Board of Directors of the AfDB Group has approved an equity investment of $20 million in Evolution Fund III. It is a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across […] Read more
EIB, AllianzGI Announce $100 Mn for Renewable Projects at COP27 Updated On Thu, Nov 17th, 2022 by Saurenergy The Emerging Market Climate Action Fund (EMCAF) has announced a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia. This commitment is in parallel to EIB Global, the dedicated arm for […] Read more
Indonesia Inks JETP Deal for $20 Billion Investment in Renewables at G-20 Updated On Thu, Nov 17th, 2022 by Saurenergy At the mega meet of the G-20 countries in Bali, host Indonesia has inked deals with major countries and international institutions to attract some $20 billion to help the Southeast Asian country increase the use of renewable energy and reduce reliance on coal. The agreement is called ‘Just Energy Transition Partnership,’ or JETP that will […] Read more
ReNew Power & Egyptian Govt Sign Framework Agreement for Green Hydrogen Plant Updated On Wed, Nov 16th, 2022 by Saurenergy Renewable energy conglomerate, ReNew Power and the Egyptian government have signed a framework agreement for the construction of an $8 billion green hydrogen plant in the Suez Canal Economic Zone. The green hydrogen production capacity of the plant is anticipated to be 220,000 tonnes per year. Following the Memorandum of Understanding (MoU) signed in July […] Read more
Sungrow Delivers Rooftop Solar for COP27 Convention Center Updated On Wed, Nov 16th, 2022 by Saurenergy Global leading inverter and energy storage supplier for renewables, Sungrow, declares that it contributes its due share to COP27 occasions with the delivery of a rooftop solar project at the International Convention Center Sharm El-Sheikh, in which COP27 events are taking place. In cooperation with ACO (Arab Consulting Office), Solarize EGYPT and Amarenco group, the solar […] Read more
