EDF-Masdar Reach Financial Close on 400 MW Saudi Wind Project Updated On Tue, Jul 23rd, 2019 by Saurenergy The consortium consisting of EDF Renewables and Masdar has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia The consortium consisting of EDF Renewables and Masdar has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia, with the backing of Saudi and international banks. The […] Read more
IFC Lends $35 mn to Promote Green Projects in Costa Rica Updated On Tue, Jul 23rd, 2019 by Saurenergy IFC has signed a loan of US$ 35 million to incentivise the issuance of a green bond by Davivienda Costa Rica, the third largest private bank in Costa Rica The International Finance Corporation (IFC), a member of the World Bank Group, has signed a loan of US$ 35 million to support and incentivise the issuance […] Read more
Duke Energy Acquires 200 MW Solar Plant in Texas from 8minute Energy Updated On Tue, Jul 23rd, 2019 by Saurenergy Duke Energy Renewables is expanding its solar energy portfolio by acquiring the 200-MW Holstein solar project from 8minute solar energy in Nolan County, Texas Duke Energy Renewables, a subsidiary of Duke Energy, is expanding its solar energy portfolio by acquiring the 200-MW Holstein solar project from 8minute Solar Energy. The project, located in Nolan County, Texas, […] Read more
CAG Calls out West Bengal for Failing to Create Green Energy Fund Updated On Thu, Jul 18th, 2019 by Saurenergy West Bengal failed to create a Green Energy Fund under the renewable energy policy of the government, CAG said in its audit report. West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, […] Read more
ReneSola to Sell two Energy Companies & 10 Rooftop Projects in China Updated On Tue, Jul 16th, 2019 by Saurenergy ReneSola has entered into an agreement to sell two project companies, including 10 rooftop projects in Zhejiang Province of China to Shanghai Hongzuo New Energy Company. ReneSola, a leading solar project developer, has announced that it had entered into an agreement to sell two project companies – including ten rooftop projects located in Zhejiang Province of […] Read more
Financial Close for 588 MW Offshore Wind Farm off Scotland Updated On Mon, Jul 15th, 2019 by Saurenergy The Beatrice offshore wind farm off the coast of Scotland has achieved a successful financial close on a refinancing of its senior debt facilities. The Beatrice offshore wind farm off the coast of Scotland has achieved a successful financial close on a refinancing of its senior debt facilities, Beatrice Offshore Windfarm Ltd (BOWL) has announced. […] Read more
AIIB Grants $100 mn to L&T Finance arm for Green Energy Funding Updated On Mon, Jul 15th, 2019 by Saurenergy AIIB will provide $100 million in loans to L&T Infrastructure Finance Company for on-lending to green energy infrastructure projects in the country. Beijing-headquartered multi-lateral developmental lender Asian Infrastructure Investment Bank (AIIB) recently announced that it will provide $100 million in loans to L&T Infrastructure Finance Company for on-lending to green energy (wind and solar power) infrastructure […] Read more
Union Budget 2019: A Mixed Bag for the Solar Industry Updated On Sat, Jul 6th, 2019 by Saurenergy As expected from Modi Government 2.0, India’s first full-time woman Finance Minister Nirmala Sitharaman had few eggs in her basket for the renewables sector. Here’s how the key stakeholders of the solar industry, including policymakers, think tanks, leading private players have reacted to the government’s Budget for FY19-20: After the budget, Power Minister R. K. […] Read more
ADB Grants $30 Million Loan for 100 MW Solar Project in Kazakhstan Updated On Thu, Jul 4th, 2019 by Saurenergy ADB has granted a $30 million loan to M-KAT Green LLP to build and operate a 100 MW solar plant to boost the share of renewables in Kazakhstan’s energy mix. The Asian Development Bank (ADB) has signed an agreement for a $30.5 million loan in tenge equivalent to M-KAT Green LLP—a special purpose vehicle created […] Read more
