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
American Electric Power Seeks to add 1500 MW Wind Capacity in Oklahoma Updated On Tue, Jul 16th, 2019 by Saurenergy American Electric Power has announced that its PSO and SWEPCO companies are seeking approvals to purchase 3 wind projects under development in Oklahoma American Electric Power, a major investor-owned electric utility has announced that its Public Service Co. of Oklahoma (PSO) and Southwestern Electric Power Co (SWEPCO) companies are seeking regulatory approvals to purchase three […] Read more
4.5 mn People in Africa to Benefit With Off-Grid Power by 2025 Updated On Mon, Jul 15th, 2019 by Saurenergy AfDB has approved an innovative financing program for DESCOs, which would see 4.5 million people in sub-Saharan Africa gain access to solar power by 2025. The Board of Directors of the African Development Bank (AfDB) Group has approved an innovative multinational financing program for Distributed Energy Service Companies (DESCOs), which would see 900,000 households in sub-Saharan […] 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
Green Energy Investments Drop in First Half of 2019: Report Updated On Fri, Jul 12th, 2019 by Saurenergy According to a new report, the global investments in green energy projects in the first half of 2019 were $117.6 billion, a drop of 14 percent from the 2018 figure. The first half of 2019 saw a 39 percent drop in green energy investments in the world’s biggest market, China, to $28.8 billion, the lowest […] Read more
Is AP’s New Government Hurting Solar and Wind Investments Across India? Updated On Thu, Jul 11th, 2019 by Saurenergy After his resounding victory in the assembly polls, this is one promise industry wishes new CM YS Jaganmohan Reddy wouldn’t keep. But to the alarm of many, the Chief Minister seems to be serious about his threat to relook all the previous tenders, including solar and wind energy tenders, signed by the previous government, especially […] Read more
Investing in More Resilient Infrastructure Can Save $4.2 Trillion: World Bank Updated On Tue, Jul 9th, 2019 by Saurenergy Investing in a more resilient and sustainable infrastructure in low- and middle-income countries can have four times the benefit for each dollar spent, says World Bank & GFDRR The net benefit on average of investing in more resilient infrastructure in low- and middle-income countries would be $4.2 trillion with $4 in benefit for each $1 […] 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
