US Distributed Energy Major Nexamp Closes $680 million Fund Raise Updated On Wed, Aug 18th, 2021 by Saurenergy Nexamp, which has a focus on distributed solar and storage systems, has secured a $240 million equity investment led by Generate Capital. The company also recently raised $440 million in debt financing, bringing its total new funding to $680 million. The new funding will accelerate Nexamp’s ability to offer a flexible range of decarbonization options for customers, expanding its […] Read more
Fusion Fuel Green Gets €4.3 Million Funding Approval for Portugal Project Updated On Mon, Aug 16th, 2021 by Saurenergy Dublin-based green hydrogen solutions provider, Fusion Fuel Green has announced receiving the Euro 4.3 million funding approval from Portugal’s Operational Program for Sustainability and Efficient Use of Resources (POSEUR) for its proposed HEVO-Sul project in Sines, Portugal. The Portuguese government has allocated €40 million in direct grants for the POSEUR program, which aims to support […] Read more
Appliance Maker Stovekraft Is Greener With Solar Power Now Updated On Fri, Aug 13th, 2021 by Saurenergy Bangalore-headquartered manufacturer of cooking appliances, Stovekraft Ltd., has announced on Thursday to produce clean energy and cutting down its carbon footprints. The firm has gone green by installing a solar rooftop PV system with higher efficiency mono PERC 535/540Wp PV Module at its Bangalore factory. The factory is spread across 16 acres and has more […] Read more
Azure Power Secures Green Bond of US$41.4 Million At Lowest Coupon of 3.575% Updated On Fri, Aug 13th, 2021 by Saurenergy Indian independent power producer (IPP), Azure Power Global Limited announced the issuance of a dollar green bond of US$414,000,000, through its wholly-owned subsidiary, Azure Power Energy Ltd. The Bond, maturing in 2026, will be issued at a coupon of 3.575%, i.e., the lowest ever coupon in the high-yield segment for any business out of India […] Read more
MNRE Starts Loan Scheme for Waste to Energy Biomethanation Projects Updated On Thu, Aug 12th, 2021 by Saurenergy At a recent webinar organised on ‘World Biofuels Day’, the Ministry of New and Renewable Energy (MNRE), in association with the United Nations Industrial Development Organization (UNIDO) and the Global Environment Facility (GEF), launched a loan interest subvention scheme to provide financial assistance to innovative waste to energy biomethanation projects and business models. A GIS […] Read more
Mandating Green Hydrogen Use In Fertilisers and Other Sectors Key, Says Minister Updated On Wed, Aug 11th, 2021 by Saurenergy According to the junior oil minister, Rameswar Teli, under its quest to reduce carbon emissions, India plans to mandate refineries and fertilizer plants to use some green hydrogen. In a written reply to lawmakers on Monday, Teli said that India’s draft hydrogen policy will mandate a gradual increase in the use of green hydrogen instead […] Read more
India-UK Partnership to Back Green Firms Investing in the UK Updated On Wed, Aug 11th, 2021 by Saurenergy The UK and India are set to launch a global Green Grids Initiative (GGI) at the COP26 climate conference in November, which will be hosted by the UK in Glasgow, Scotland. A new renewable energy partnership between the two countries is expected to open doors to Indian green energy businesses wishing to establish offices in […] Read more
Reliance Joins Bill Gates, Paulson To Pump $144 M Into Energy Storage Firm Ambri Inc Updated On Tue, Aug 10th, 2021 by Saurenergy Reliance New Energy Solar Ltd (RNESL), Bill Gates, Japan Energy Fund and a few other strategic partners are investing $144 million into US energy company Ambri Inc to help it commercialize and grow its daily cycling, long-duration system technology, and build a domestic manufacturing facility. “This financing supports the commercial growth of our company and technology,” said Dan […] Read more
World Energy Transitions Outlook: 1.5°C Pathway Updated On Fri, Aug 6th, 2021 by Saurenergy Irena’s World Energy Transitions Outlook outlines a pathway for the world to achieve the Paris Agreement goals and halt the pace of climate change by transforming the global energy landscape. This report presents options to limit global temperature rise to 1.5°C and bring CO2 emissions to net-zero by 2050, offering high-level insights on technology choices, […] Read more
