ReNew Power Partners With Jindal Stainless for 300MW Hybrid Project Updated On Wed, Dec 7th, 2022 by Saurenergy ReNew Power, the largest renewable energy provider in the nation, and Jindal Stainless recently entered into a deal to establish a utility-scale captive renewable energy project for the delivery of electricity to their factory in Jajpur, Odisha. By combining solar and wind energy, the project will produce 700 million units annually. With a high capacity […] Read more
Germany Looks to Fund India’s Energy Transition Projects with €1 billion Updated On Fri, Dec 2nd, 2022 by Saurenergy Germany has proposed to fund India’s energy transition projects with €1 billion. The projects are to be executed all over the country under a bilateral partnership between the two countries on green and sustainable development. As per discussions held between India and Germany, the funding will pave the way for over 20 projects spread over […] Read more
India’s L&T & Japan’s SMBC Conclude $107 Mn Sustainability Linked Loan Updated On Fri, Dec 2nd, 2022 by Saurenergy A Japanese multinational banking and financial services institution, Sumitomo Mitsui Banking Corporation (SMBC), and India’s multinational conglomerate company Larsen & Toubro Limited (L&T) recently successfully finalised a three-year, $107 million sustainability-linked loan. SMBC was the sustainability coordinator and lender. In a statement, L&T noted that its continuous dedication to its environmental, social, and governance (ESG) […] Read more
AIIB Will Support 10 GW Renewables Energy in Egypt Updated On Wed, Nov 23rd, 2022 by Saurenergy Global financial institutions are playing their role to the tee for the development and fast expansion of renewables at COP27. In another such initiative, the Asian Infrastructure Investment Bank (AIIB) has announced that it has joined development partners in signing a partnership agreement with Egypt to jointly support the country’s efforts to boost renewable energy […] Read more
EIB, AllianzGI Announce $100 Mn for Renewable Projects at COP27 Updated On Thu, Nov 17th, 2022 by Saurenergy The Emerging Market Climate Action Fund (EMCAF) has announced a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia. This commitment is in parallel to EIB Global, the dedicated arm for […] Read more
Germany’s Kfw, India’s SBI Ink EUR 150 million Pact for Solar Projects Updated On Fri, Nov 11th, 2022 by Saurenergy A financing arrangement for 150 million EUROS (EUR) has been reached by Kreditanstalt für Wiederaufbau (KfW) and the State Bank of India (SBI) to fund solar projects in India. Germany-based KfW finances investments and reform initiatives in a wide variety of sectors, including water supply, energy, and financial systems development. For the German Federal Ministry […] Read more
Bank Of America, Crossboundary Partner for RE Expansion Across Africa Updated On Thu, Nov 10th, 2022 by Saurenergy Renewable energy players, governments and financial institutions are leaving no stone unturned to expand the deployment of RE through pacts and agreements on the sidelines of COP-27. African renewable energy conglomerate CrossBoundary Energy has announced in Sharm el-Sheikh, Egypt at the COP27 about their intention to explore financing solutions with Bank of America to rapidly […] Read more
Friends Salt Works & Allied Industries Installs New Solar Power Plant in Bhavnagar Updated On Mon, Oct 31st, 2022 by Saurenergy Friends Group, a vertically integrated firm which is one of the leading salt producers and exporters, recently installed 4 MW of solar project in Asarana, Bhavnagar. Waaree Energies, a leading PV module manufacturer, will supply polycrystalline solar modules of 335 WP to Friends Group. The installation is collectively expected to generate over 5.8 million units […] Read more
Waaree Energies to Supply Solar Modules to Kandla Agro & Chemicals Updated On Mon, Oct 31st, 2022 by Saurenergy Kandla Agro & Chemicals Pvt Ltd (KACPL), which engages manufacturing of various grades of castor oil and its derivatives, is looking to to cut down on greenhouse gas emissions by installing a solar power plant of 4 MW at Bila, Bhavnagar. Towards this end, a leading player in the solar energy industry, which manufactures PV […] Read more
