IREDA to Get ₹1,500 Cr Equity Infusion to Boost RE Financing Updated On Fri, Jan 21st, 2022 by Saurenergy The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved the equity infusion of Rs.1500 crore in Indian Renewable Energy Development Agency Limited (IREDA). This equity infusion will help in employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million tonnes CO2/year, said an official […] Read more
Renewables Financing Gaining At Coal’s Expense In India, Says Report Updated On Thu, Dec 16th, 2021 by Saurenergy As most countries struggled to regain lost momentum in various industrial sectors during the Covid lockdowns, India’s story, too, has been no different. A new report in December 2021 on Coal Vs Renewable, a Financial Analysis, says that lockdowns to deal with the COVID-19 pandemic did slow down the pace of renewable energy installations in […] Read more
OEMs Need To Focus More On Better Financing Options For EVs. Updated On Tue, Dec 14th, 2021 by Saurenergy Etrio, an EV player, aims to be an affordable and accessible electric form of mobility for everyone. With over 30+ partnerships with leading e-commerce and logistics players the EV company is hoping to play a key role in the burgeoning EV segment in India by bringing a wide range of quality electric vehicles. Deepak MV, […] Read more
US Grants $500M Financing To First Solar for 3.3GW Facility in Tamil Nadu Updated On Wed, Dec 8th, 2021 by Saurenergy U.S. International Development Finance Corporation (DFC) has approved up to $500 million of debt financing for First Solar, the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, with a projected annual capacity […] Read more
Virescent RE Trust Ties-Up INR 2,150 Cr of Debt Financing Updated On Tue, Nov 16th, 2021 by Saurenergy Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT), has raised INR 1000 crore in its debut issuance across 3, 5 and 7 year tranches. This transaction marks the first-ever issuance by a renewable energy InvIT in India. The company will primarily use the proceeds to refinance existing debt at the Special Purpose Vehicle […] Read more
EV Financing Platform Revfin Raises $4 Million In Pre-Series A Funding Updated On Wed, Oct 20th, 2021 by Saurenergy Revfin, a digital e-mobility consumer lending platform underwriting financially excluded and underserved segments, has raised $4m (Rs 30 crores) in a pre-series A funding round with both equity and debt. This fund raise will help the firm fast-track the adoption of EV solutions among the low-income consumers in the country. The funds raised will be […] Read more
Terra-Gen Closes Financing for First Phase of Solar Storage Facility in California Updated On Wed, Aug 4th, 2021 by Saurenergy Terra-Gen, LLC, an independent renewable energy provider, has completed financing on the initial phase of its Edwards Sanborn Solar Storage facility in California. The Edwards Sanborn solar storage facility is expected to produce clean energy for more than 158,000 homes and displace more than 307,000 tons of CO2 annually. The storage facility comprises 346 MWac […] Read more
Mainstream Renewable Power Closes Financing for Chilean Solar-Wind Farm Updated On Mon, Jul 5th, 2021 by Saurenergy Global wind and solar company Mainstream Renewable Power has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The […] Read more
DSD Secures $85M in Financing to Support Pipeline of Distributed Generation Solar Updated On Fri, May 21st, 2021 by Saurenergy Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority Value of Distributed Energy […] Read more
