NDB Clears $300 Mn to Fund South African Energy Sector Updated On Tue, Jul 24th, 2018 by Saurenergy The recipient authority would be the Development Bank of South Africa who would further distribute funds according to the government allocations. New Development Bank (NDB), a multilateral development bank established by BRICS states, has approved the USD 300 million loan to fund energy sector projects in South Africa. The recipient authority would be the Development […] Read more
Bangladesh, World Bank Ink $55 Mn Pact to Expand Renewable Energy Usage in Rural Areas Updated On Thu, May 31st, 2018 by Saurenergy The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved cookstoves in rural areas. In order to expand renewable energy usage in rural areas, the Bangladesh government has inked a USD 55 million financing pact with the World […] Read more
World Bank Approves $300 Mn to Scale Up India’s Energy Efficiency Program Updated On Sat, May 19th, 2018 by Saurenergy The program will be implemented by the EESL, to help scale up the deployment of energy saving measures in residential as well as public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing. The World Bank has approved a USD 220 million loan and an USD 80 million guarantee for the country’s energy efficiency […] Read more
California Mandates Solar Panels on All New Homes Updated On Thu, May 10th, 2018 by Saurenergy The move was approved unanimously by five-member California Energy Commission and is first of its kind in the country. It is seen as a latest effort to curb greenhouse gas emissions. Taking a lead in the US, California has made it mandatory for homes and low-rise apartments starting in 2020 to have solar rooftop panels […] Read more
Leclanche Selects Nextracker’s NX Drive Energy Storage System for Various Applications Updated On Mon, Feb 19th, 2018 by Saurenergy NX Drive provides a flexible, pre-engineered balance-of-system (BOS) solution for virtually any generation-plus-storage or stand-alone storage application. NEXTracker, a Flex company, has announced that Leclanche, a global integrator of energy storage, has selected NEXTracker to supply its NX Drive energy storage system (ESS) for battery solutions the company is installing at commercial and industrial businesses […] Read more
FPL Opens Four New Solar Power Plants And Shuts Another Coal Plant Updated On Tue, Jan 9th, 2018 by Saurenergy FPL’s new solar plants are designed to effectively pay for themselves over their operational lifetimes. Florida Power & Light Co. has announced the latest major milestones in its ongoing strategy of advancing clean energy affordably for customers: the retirement of one of Florida’s largest coal-fired power plants and the opening of four new solar power […] Read more
Nestlé to Install 7MW Solar PV Rooftop at Dubai Factories Updated On Thu, Dec 28th, 2017 by Saurenergy The installation of rooftop solar PVis in accordance with Nestlé’s commitment to the RE100 initiative, a global collaborative initiative of influential businesses committed to using 100% renewable energy. Nestlé has signed agreements, witnessed by HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), with Yellow Door Energy, Dubai’s leading […] Read more
Armenia Looks to Solar Energy Updated On Wed, Dec 27th, 2017 by Saurenergy The government policy estimates the country’s potential capacity of solar energy production at up to 3,000 megawatts — enough to meet domestic demand and even make Armenia a net electricity exporter. Armenia is banking on renewable energy to increase its energy independence. Armenia much sunnier than most of Europe — according to government figures, it […] Read more
INDIA Marches Ahead Updated On Wed, Dec 13th, 2017 by Saurenergy As 2017 comes to an end, it is worth taking a holistic look at the Indian solar market to analyze key trends, challenges and outlook. By many accounts, the Indian solar power industry is on a roll. According to a report released by consulting firm Bridge to India, India is expected to reach an installed […] Read more
