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
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
ACEN Completes World’s First ETM Transaction, Retiring Out Coal Plant Updated On Wed, Nov 9th, 2022 by Saurenergy ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal […] Read more
Oorjan Cleantech Hits Milestone of Enabling 150 MW of Solar, $100 Mn Deployment Updated On Mon, Nov 7th, 2022 by Saurenergy The Mumbai-based green energy startup Oorjan Cleantech has achieved a significant milestone by deploying $100 million (USD) in green capital and enabling the installation of 150 megawatts of solar power in just four years. India has been working to adopt renewable energy quickly as part of its strategy to combat climate change (RE). India aims […] Read more
Okinawa Grows Up In Fy22, Revenues Cross Rs 800 cr Updated On Mon, Nov 7th, 2022 by Saurenergy Gurugram-based electric two-wheeler manufacturer Okinawa Autotech showed a fantastic set of results in FY22. The company scaled around 7X to Rs 822 crore during FY22 from Rs 118 crore in FY21, as per the financial statements filed with the Registrar of Companies (RoC). The 7 year old Okinawa has launched eight different electric two-wheeler vehicles […] Read more
Italy’s Enel, Israel’s Brenmiller Inaugurate Rock-Based Storage System ‘TES’ in Italy Updated On Mon, Nov 7th, 2022 by Saurenergy The largest utility in Italy Enel Group and Israeli firm Brenmiller Energy have set up an innovative, sustainable rock based energy storage system in Tuscany in Italy which is completely sustainable and capable of accelerating the energy transition. The integration of the thermal energy storage (TES) system with the existing power plant enables Enel and […] Read more
ACWA to Develop Wind Projects of 1.1 GW in Egypt Updated On Fri, Nov 4th, 2022 by Saurenergy ACWA Power has said that it has signed an agreement to develop a 1.1GW wind project in Egypt. The official statement mentions that the wind project will come up with an investment value of $1.5 billion. The signing ceremony of the agreement took place at the headquarters of the Egyptian General Authority for Investment and […] Read more
SolarSquare Secures 100 Cr Series A Funding by Elevation Capital and Lowercarbon Updated On Thu, Nov 3rd, 2022 by Saurenergy Mumbai-based solar installation and financing start-up, SolarSquare has announced recently that it has raised Rs 100 crore in a Series A round majorly sponsored by Elevation Capital and Lowercarbon, Chris Sacca’s multibillion-dollar fund for climate-tech companies. Existing investors Good Capital, Rainmatter, and Better Capital, as well as angel investors like Vidit Atrey and Sanjeev Barnwal […] Read more
Delhi’s Boundless Environment Adopts Sustainable Energy Solutions Updated On Wed, Nov 2nd, 2022 by Saurenergy Delhi-based firm, Boundless Environment Resource Solutions has begun a 2 MW project in New Delhi. The Mono PERC solar panels with 445Wp capacity were supplied by leading solar panel manufacturer Waaree Energies while HDFC Bank provided non-recourse financing for the project. company is a leader in unique approaches to wastewater management and renewable energy. Boundless […] Read more
