Energy Transition and Clean Energy Investment in India Report – 10 Key Takeaways Updated On Thu, Mar 30th, 2023 by Saurenergy Several factors effect the green energy transition, such as the developmental aspect. However, the transition is becoming a reality. India’s largest Investment Banking franchise Avendus, in its latest report, Energy Transition and Clean Energy Investment in India, gives a picture of business segments emerging across the green economy value chain. The report also gives an […] Read more
BMC Solicits Bids for Rs 90 cr Loan for Multiple Renewable Energy Projects Updated On Mon, Mar 13th, 2023 by Saurenergy Bhopal Municipal Corporation has issued a tender to invite loans for the installation of 20 MW solar projects (Phase I), 21 MW solar projects (Phase II), 15 MW wind energy projects and 1 MW rooftop solar projects. The bids are invited from nationalized banks, private banks, financial institutions and non-banking financial companies for long-tenure term […] Read more
Canadian Solar Renews EUR 100 Million Note Program Updated On Tue, Feb 28th, 2023 by Saurenergy Canadian Solar Inc. has announced that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility). Canadian Solar said that any payment under the notes issued under the note program will be guaranteed by the company. The […] Read more
IREDA Plans Office in Gujarat’s GIFT City for Foreign Currency Funding of Renewables Updated On Fri, Feb 24th, 2023 by Saurenergy The Indian Renewable Energy Development Agency Ltd (IREDA) is planning to establish an office in Gujarat’s GIFT City to finance renewable energy projects in foreign currency. The office at GIFT City, Gandhinagar, will be classified as an overseas office, allowing the IREDA to avoid foreign exchange hedging cost. Pradip Kumar Das, Chairman and Managing Director […] Read more
MoP Proposes New Guidelines to Facilitate Pumped Storage Hydro Projects Updated On Mon, Feb 20th, 2023 by Saurenergy In a bid to give an impetus to India’s pumped storage hydro power projects, the Ministry of Power has come up with a proposal that seeks to provide multiple incentives entailing tax breaks. It has also set sights on facilitating the process of environment clearance by making it easier. Land may also be made cheaper. […] Read more
Economic Survey 2022-23: India a Hotspot for Investment in Renewables & Other Observations Updated On Wed, Feb 1st, 2023 by Saurenergy The Economic Survey 2022-2023 has made some important observations about the trajectory of renewable energy sector and transition to clean energy sources. Here are some key observations- Inching towards installed capacity from clean sources The Economic Survey notes that India has already achieved the feat of having 40 per cent of installed electric capacity from […] Read more
NY’s Verizon Communications Crosses 3 GW Projected Renewable Energy Capacity Updated On Fri, Jan 13th, 2023 by Saurenergy New York-headquartered Verizon Communications has announced that it has signed four new long-term renewable energy purchase agreements (REPAs) for an aggregate of up to 410 MW of renewable energy capacity. The official statement of Verizon held that with four new agreements, Verizon has surpassed 3 GW of total projected renewable energy capacity, as it continues […] Read more
France’s Proparco Invests $10 Million in Sun King’s Solar Kit Business in Africa Updated On Thu, Dec 8th, 2022 by Saurenergy Proparco, a division of the French Development Agency (AFD) group, invested in a $10 million green bond that will be lent to Sun King, an African solar kit retailer. The Swiss impact investor Symbiotics Group, through its MSMR Bonds platform, issuing the green bond. A total of 309 bonds worth $2.67 billion have already been […] Read more
Second Call For IMC’s 60 MW EPC Solar Project in Madhya Pradesh Updated On Mon, Dec 5th, 2022 by Saurenergy Indore Municipal Corp (IMC) has made a second attempt for its planned 60 MW engineering, procurement, and construction (EPC) solar power project at Samraj and Ashukhedi villages in Madhya Pradesh. Earlier, IMC invited the bids for the same tender in September, 2022. The municipality is also seeking to issue India’s first municipal green bonds to […] Read more
