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
Tata Power Delhi Distribution, TERI in Partnership for Sustainable Future Updated On Wed, Nov 16th, 2022 by Saurenergy A joint venture between Tata Power and the Government of Delhi, Tata Power Delhi Distribution Limited (Tata Power-DDL), a power utility that supplies electricity to a population of more than 7 million in North Delhi, has forged a partnership with The Energy and Resource Institute (TERI) to encourage Urja Arpan initiative. The cooperation set sights […] 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
International Solar Alliance launches Solar X Grand Challenge in Africa Updated On Mon, Nov 14th, 2022 by Saurenergy The International Solar Alliance has launched the SolarX Grand Challenge to spur African entrepreneurship and innovation at UNFCCC’s 27th Conference of Parties (COP27). SolarX Grand Challenge aims to catalyse and accelerate solar adoption by motivating innovators and researchers to add value and much-needed innovation and disruption in the solar sector. Under SolarX competition, 20 start-ups and innovators from […] 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
The Top 5: Expectations From COP 27 Updated On Fri, Nov 11th, 2022 by Saurenergy On Nov 7, at the ongoing World Leaders’ Summit at COP27, UN Secretary-General Antonio Guterres unveiled the “Early Warnings for All” Action Plan, in a bid to ensure early warning systems to the communities – least developed countries and small island developing states – still not covered with early warning systems. The plan calls for […] Read more
