European Investment Bank Sanctions EUR 200 Million for Indian Large-Scale Solar Power Projects Updated On Mon, Apr 3rd, 2017 by Saurenergy The State Bank of India gets EUR 200 Million long-term loan from European Investment Bank to fund five different solar power projects in Tamil Nadu and Telangana. The European Investment Bank has confirmed new support for solar power generation in India in partnership with the State Bank of India. The EUR 200 million (INR 1400 […] Read more
Canadian Solar Secures JPY4 Billion Credit Facility with SMFL Updated On Thu, Mar 30th, 2017 by Saurenergy Canadian Solar intends to use proceeds from the facility to expand the development of solar energy projects in Japan. Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$35 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”), a member […] Read more
GSSG Solar Announces Increased Commitment to Japanese Mega-Solar Updated On Tue, Mar 28th, 2017 by Saurenergy GSSG solar will be investing in the acquisition and financing of an incremental $1 billion of Japanese mega-solar plants over a three-year investment period. GSSG Solar has announced that an investment of over $120 million of additional commitments to the firm’s investments in Japanese solar projects. Through this increased capacity, GSSG will invest in the […] Read more
IREDA to sanction Rs 13,000 crore loan for renewables in FY18 Updated On Mon, Mar 27th, 2017 by Saurenergy Indian Renewable Energy Development Agency will be sanctioning Rs 13000 crore loan to meet the Government’s target of achieving 15 to 16 GW of renewable energy projects. State-run Indian Renewable Energy Development Agency (IREDA) will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of […] Read more
NTPC Plans to Achieve 32 GW Installed Capacity via Renewable Sources by 2032 Updated On Sat, Mar 25th, 2017 by Saurenergy Green masala bonds will be used by NTPC for financing renewable energy projects in accordance with applicable guidelines and regulations of Reserve Bank of India NTPC Ltd. has raised Rs. 2,000 crore through issuance of green masala bonds in overseas market under its USD 4 billion medium term note programme. The proceeds of these green […] Read more
RPO Compliance Needs To Improve Fast for India to Meet its Solar Installation Targets: Mercom Capital Updated On Wed, Mar 22nd, 2017 by Saurenergy India needs to install 90 GW of solar in five year – at a rate of 18 GW per year. Most states have specified RPO targets. However, due to the lack of enforcement of RPO regulations and the absence of penalties when obligations are not met, many of the state DISCOMs (distribution companies) are not […] Read more
Carnegie to Develop 10 MW Solar Power Station in Western Australia Updated On Tue, Mar 21st, 2017 by Saurenergy The 10 MW solar power project will comprise of 34,000 solar panels and will be constructed on 25 hectares of strategically located land 100km east of Perth. Carnegie Clean Energy Limited has announced that it is developing a 10 MW solar power station in Northam, Western Australia. The solar power station will consist of 34,000 […] Read more
First Solar Rubbishes 200 MW India Asset sale Report Updated On Mon, Mar 20th, 2017 by Saurenergy It is not our policy to comment on market rumours or speculation: First solar Leading global provider of comprehensive photovoltaic (PV) solar systems, First Solar rubbishes the report which states that the company is exploring sale of almost 200MW of its solar power assets in India. The company termed the entire report as speculation […] Read more
JinkoSolar Partners with CleanFund Commercial PACE Capital to Address US Commercial Solar Market Updated On Fri, Mar 17th, 2017 by Saurenergy Project developers who use JinkoSolar modules together with SolarPACE will be eligible for incentives that will lower their project costs. JinkoSolar has partnered with CleanFund Commercial PACE Capital to offer long-term project financing to US commercial project customers through the SolarPACE program. SolarPACE is designed to maximize solar energy cash flow to commercial and industrial (C&I) property owners. […] Read more
