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
EY Index Says Volatile Conditions Accelerate Global Renewables Market Updated On Wed, Nov 16th, 2022 by Saurenergy EY has released its latest index ‘Renewable Energy Country Attractiveness Index (RECAI 60)’ that shows that governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, in the face of continuing geopolitical tensions and economic uncertainty. RECAI 60 ranks the world’s top 40 markets on the attractiveness of […] 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
A South American Success Story In Renewables – Chile Updated On Wed, Nov 16th, 2022 by Saurenergy South American nation Chile has emerged as a surprise success story when it comes to adding renewables. The country has nearly 22 per cent of its electricity demand met by solar and wind farms. The country is an over-achiever, making impressive progress since 2008, the year Chilean Law set the Non-Conventional Renewable Energy Target to […] Read more
New Commitments for ETAF at COP 27; Developing Countries to Benefit Updated On Tue, Nov 15th, 2022 by Saurenergy In a key development to bolster renewables, three new partners have officially joined the Energy Transition Accelerator Financing Platform (ETAF), IRENA’s global climate finance platform aimed at mobilising capital to scale up renewable project funding in developing countries by 2030. Cooperation agreements with the Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re were signed […] Read more
Vedanta backed Serentica Renewables, Greenko Group In1500 MWhr Industrial Storage Deal Updated On Mon, Nov 14th, 2022 by Saurenergy Vedanta resources backed Serentica Renewables, a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, has entered into an agreement with Greenko Group, to source 1500MWhr energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will capitalise on Greenko’s energy storage capacity from its […] Read more
Germany’s Kfw, India’s SBI Ink EUR 150 million Pact for Solar Projects Updated On Fri, Nov 11th, 2022 by Saurenergy A financing arrangement for 150 million EUROS (EUR) has been reached by Kreditanstalt für Wiederaufbau (KfW) and the State Bank of India (SBI) to fund solar projects in India. Germany-based KfW finances investments and reform initiatives in a wide variety of sectors, including water supply, energy, and financial systems development. For the German Federal Ministry […] Read more
Bank Of America, Crossboundary Partner for RE Expansion Across Africa Updated On Thu, Nov 10th, 2022 by Saurenergy Renewable energy players, governments and financial institutions are leaving no stone unturned to expand the deployment of RE through pacts and agreements on the sidelines of COP-27. African renewable energy conglomerate CrossBoundary Energy has announced in Sharm el-Sheikh, Egypt at the COP27 about their intention to explore financing solutions with Bank of America to rapidly […] Read more
Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US Updated On Thu, Nov 10th, 2022 by Saurenergy American fintech giant Mosaic has announced that it has surpassed $10 billion in loans funded through its platform. Mosaic is a leading financing platform for U.S. residential solar and energy-efficient home improvements. This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded, showing accelerated growth for the clean energy fintech company. […] Read more
