CIT Leads Financing for 108 MW Solar Project in North Carolina Updated On Mon, Jul 20th, 2020 by Saurenergy The CIT Group’s Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MW Trent River Solar project in North Carolina. The CIT Group has announced that its Power and Energy unit served as lead arranger on a USD 126 million financing for the 108 MWdc Trent River solar project […] Read more
20% Duty on Solar Power Equipment to cut Imports: Anurag Thakur Updated On Sat, Jul 18th, 2020 by Saurenergy The government is considering a 20% basic customs duty on solar equipment to discourage imports, particularly from China, Anurag Thakur has said. The government is considering a proposal by the Ministry of New and Renewable Energy (MNRE) to impose 20 percent basic customs duty on solar modules to provide an edge to domestic manufacturers and discourage imports, […] Read more
$151 Bn for Fossil Fuels, Only $89 Bn for RE in COVID-19 Recovery Packages Updated On Thu, Jul 16th, 2020 by Saurenergy A new report shows that total commitments for fossil fuels reached USD 151 billion from G20 governments, and only USD 89 billion for clean energy. A new report shows that during the global pandemic, total commitments in support of fossil fuels reached at least USD 151 billion from G20 governments. Of which, only 20 percent made financial support […] Read more
After 25 GW Capacity Target, Renew Power to Enter Cell Manufacturing Updated On Thu, Jul 16th, 2020 by Saurenergy Update: Sumant Sinha, Chairman and Founder at Renew Power, has confirmed that the firm will be entering into manufacturing of solar cells, with an initial capacity of 2000MW . Close on the heels of plans to grow total installed capacity to 25,000 MW in 5 years, comes a report in The Economic Times that Renew […] Read more
UK to Relax Legislations Making it Easier to Construct Large-Scale Batteries Updated On Wed, Jul 15th, 2020 by Saurenergy The UK Government will be relaxing the planning legislation to make it easier to construct large-scale storage batteries to store renewable energy The UK Government has announced that it will be relaxing the planning legislation to make it easier to construct large-scale storage batteries to store renewable energy from solar and wind farms across the […] Read more
EESL Signs Pact With NOIDA to Install EV Charging Stations Updated On Fri, Jul 10th, 2020 by Saurenergy EESL has signed an agreement with the NOIDA authority to promote electric vehicles and install public EV charging stations and related infrastructure. The Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, has signed an agreement with the New Okhla Industrial Development Authority (NOIDA) to promote electric vehicles (EV) […] Read more
OLADE, IRENA put RE at Heart of Economic Recovery in LAC Updated On Thu, Jul 9th, 2020 by Saurenergy IRENA and OLADE will boost ties to put the renewables-driven energy transformation at the heart of LAC economic recovery following the COVID-19 outbreak. The International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE) will boost ties to put the renewables-driven energy transformation at the heart of Latin America and the Caribbean (LAC) […] Read more
$5 Bn Green Hydrogen Project to Come up in Saudi Arabia Updated On Thu, Jul 9th, 2020 by Saurenergy Air Products, ACWA Power and NEOM, have agreed on a USD 5 billion green hydrogen-based ammonia production facility in NOEM, Saudi Arabia. Air Products, in conjunction with ACWA Power and NEOM, has announced the signing of an agreement for a USD 5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be […] Read more
Italy’s ENEL Has Norway’s Norfund Backing It For India Foray Updated On Thu, Jul 9th, 2020 by Saurenergy Rome – based Enel SpA, which recently won its first big solar energy tender in India, announced on Wednesday that its subsidiary firm Enel Green Power has signed an agreement with the Norwegian Investment Fund (Norfund) to back its renewable projects in India. Both firms will share in the costs of establishing the projects in […] Read more
