BII, Symbiotics Launch Second Green Basket Bond Across Asia, Africa Updated On Wed, Jun 26th, 2024 by Saurenergy British International Investment (BII), a UK-based development finance institution (DFI) and impact investor committed $75 million to the second ‘green basket bond’ arranged by Symbiotics Investments, a financial lender. The green lending program is expected to increase financing to small-scale green projects across Africa and South and South-East Asia through MSME lenders. This project particularly […] Read more
News In Brief June 25: Hitachi Energy, Panasonic Updated On Tue, Jun 25th, 2024 by Saurenergy Hitachi Energy India Set To Build Rs. 790 Crores Project In Australia Hitachi Energy India a digital systems, power, and renewable energy solutions provider recently received an order of Rs. 790 Crores from a fellow subsidiary. Hitachi Energy Australia Pty Ltd is set to execute the project – Marinus Link – Voltage Source Converter (VSC), […] Read more
Clean Energy Investment Double The Fossil Fuel Amount This Year: IEA Updated On Fri, Jun 21st, 2024 by Saurenergy Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to a report by the International Energy Agency (IEA). Despite pressures on financing, global investment in clean energy is set to reach almost […] Read more
Only 10% Coal Plants To Be Decommissioned By 2030: Report Updated On Thu, Jun 20th, 2024 by Saurenergy Only 10% of the world’s existing coal power capacity is slated for decommissioning by 2030. More coal decommissioning transactions can be closed in the next three to five years, according to a report by IEEFA. Governments, investors and philanthropic organisations should invest the effort to identify these opportunities. The decarbonisation of electricity in emerging market […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
Rajasthan Solar Company Allocated Land For 3 GW Park Updated On Tue, Jun 18th, 2024 by Saurenergy Rajasthan has allocated land to establish a 3 GW solar power plant in the western part of the state. The land has been allocated to a state company in the Bikaner district. In the Bikaner district, 4,780 hectares (ha) of land have been given to the Rajasthan Solar Park Development Company for the construction of […] Read more
Sodium-Ion Battery Startup UNIGRID Battery Gets $12mn Funding Updated On Fri, Jun 14th, 2024 by Saurenergy UNIGRID Battery, a San Diego-based startup developing advanced sodium-ion batteries, has announced a successful close of an oversubscribed $12 Million Series A funding round. The financing was Co-led by Transition VC and Ritz Venture Capital and joined by new investor Union Square Ventures and existing investor Foothill Ventures. The investment will accelerate and scale-up UNIGRID’s […] Read more
Access To Public Finance Key To Clean Energy Adoption In India: IEA Updated On Thu, Jun 13th, 2024 by Saurenergy The International Energy Agency (IEA) recently reported an increased usage of modern renewable energy between 2010 and 2021. The United Kingdom and Indonesia have reportedly made the greatest progress in the use of modern renewables (up 9 and 7 percentage points, respectively, in total final energy consumption). The two countries were closely followed by China, […] Read more
Swift Solar Announces $27 Million Series A Funding Round Updated On Thu, Jun 13th, 2024 by Saurenergy Swift Solar, an American solar technology company has announced the close of its $27 million Series A financing round. This milestone is a major step forward for U.S. manufacturing of advanced perovskite solar technology. The round was co-led by Eni Next and Fontinalis Partners. Eni Next, the corporate venture capital arm of Eni, invests in […] Read more
