ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada Updated On Wed, Mar 20th, 2019 by Saurenergy The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030. The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […] Read more
AfDB Pledges $25 Bn to Climate Finance For 2020-25 Updated On Tue, Mar 19th, 2019 by Saurenergy Key Bank projects include the co-financing of the 510 MW Ouarzazate Solar Complex in Morocco, one of the largest solar complexes in the world. The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said […] Read more
Rioglass Solar Signs Contract For World’s Largest CSP Plant Updated On Mon, Mar 18th, 2019 by Saurenergy Rioglass Solar signs Dubai 600 MW CSP Project order for both parabolic trough receiver tubes and mirrors with Abengoa Energía and Shanghai Electric. The record-breaking Dubai 700 MW CSP + 250 MW PV Hybrid Project Noor Energy 1, developed by ACWA Power in close cooperation with DEWA, Shanghai Electric Group Corporation as EPC, and Abengoa […] Read more
Hanergy’s Thin Film Solar Panels to Assist in Antarctic Meteorology Research Updated On Fri, Mar 15th, 2019 by Saurenergy Hanergy’s thin-film solar panels will be utilized in the equipment and observation station in the Antarctic region which will aid the meteorology research. The world’s largest thin-film solar power solution company, Hanergy Thin Film Power Group (00566.hk), sustains its grandeur in the industry. As per the recent development, the clean energy giant has signed an […] Read more
World Bank and AfDB Commit $ 47 billion For African Climate Finance Updated On Fri, Mar 15th, 2019 by Saurenergy The World Bank and the African Development Bank have together committed close to $47 billion to African countries, for the period up to 2025 to fight climate change. In a significant announcement to provide much-needed financing for African countries likely to face the increasing effect of climate change, the funds’ pipe from the World Bank […] Read more
UK Augments Funding for African RE Projects by £30 million Updated On Wed, Mar 13th, 2019 by Saurenergy Harriett Baldwin, the UK Minister for Africa, announced additional new funding to give more people and companies across Africa access to affordable, clean energy. Minister Ms. Harriett Baldwin announced that the new funding will see £30 million added to the Transforming Energy Access program, taking total British investment to £100 million, and allowing it to […] Read more
Ingeteam Supplies Storage Power Station for Dubai’s Largest Solar Park Updated On Tue, Mar 12th, 2019 by Saurenergy Moreover, Japanese firm NGK Insulators Ltd has supplied its NAS batteries for the project. Ingeteam, a leading company specialising in the design of power and control electronics, has supplied its storage power station for a pilot battery energy storage system (BESS) project in Dubai’s largest solar park. The company said in a statement that, “Ingeteam […] Read more
Greenko ropes in Siemens for 46% stake in Poovani Project Updated On Tue, Mar 12th, 2019 by Saurenergy German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […] Read more
GWEC, WBG to Work Together to Develop Global Offshore Wind Markets Updated On Thu, Mar 7th, 2019 by Saurenergy GWEC will coordinate with the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets. Global Wind Energy Council (GWEC) and World Bank Group (WBG) is mulling to work together on efforts to develop offshore wind in emerging markets. […] Read more
