Lakshmi Machine Works to Commission its First Solar Power Plant Updated On Wed, Mar 20th, 2019 by Saurenergy The 10 MW photovoltaic solar power generating facility will come up at Kondampatti in Coimbatore district. Coimbatore-based Lakshmi Machine Works has forayed into solar power generation, with its first facility to be inaugurated on March 24, 2019, in Tamil Nadu. The 10 MW photovoltaic solar power generating facility will come up at Kondampatti in Coimbatore […] Read more
China’s Ambitious Solar Power Space Project is a bet on the future Updated On Wed, Mar 20th, 2019 by Saurenergy China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […] Read more
Atlas Renewable Energy Secures $152 Mn For Financing of 3 Solar Plants in Brazil Updated On Wed, Mar 20th, 2019 by Saurenergy The three projects are estimated to benefit around 470,000 families per year with clean, renewable energy and will avoid the emission of 108,000 tons of CO2 annually. Atlas Renewable Energy, a leader in clean energy in Latin America, announced the completion of long-term financing of three of its solar energy plants in Brazil for a total amount […] Read more
ADB Commits $50 Mn in Noida-Based Solar Power Developer Avaada Updated On Wed, Mar 20th, 2019 by Saurenergy The multi-lateral funding agency said the investment contributes to ADB’s goal to provide cumulative climate finance of $80 billion from 2019 to 2030. The Manila based Asian Development Bank (ADB) announced that it has inked an agreement to invest $50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will […] Read more
India, Maldives Exchange MoUs on Energy Efficiency Updated On Tue, Mar 19th, 2019 by Saurenergy India and Maldives have signed one agreement and two MoU, including collaboration in the field of energy efficiency and renewable energy, in the presence of Sushma Swaraj and her Maldivian counterpart Abdulla Shahid. India and Maldives signed an agreement on the exemption from visa requirement for holders of diplomatic and official passports, while, the MoUs exchanged focused on Indian Grant Assistance for the implementation of High Impact Community Development Projects […] Read more
AfDB Pledges $25 Bn to Climate Finance For 2020-25 Updated On Tue, Mar 19th, 2019 by Saurenergy Key Bank projects include the co-financing of the 510 MW Ouarzazate Solar Complex in Morocco, one of the largest solar complexes in the world. The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said […] Read more
Rioglass Solar Signs Contract For World’s Largest CSP Plant Updated On Mon, Mar 18th, 2019 by Saurenergy Rioglass Solar signs Dubai 600 MW CSP Project order for both parabolic trough receiver tubes and mirrors with Abengoa Energía and Shanghai Electric. The record-breaking Dubai 700 MW CSP + 250 MW PV Hybrid Project Noor Energy 1, developed by ACWA Power in close cooperation with DEWA, Shanghai Electric Group Corporation as EPC, and Abengoa […] Read more
First Bids Under IL&FS Asset Monetisation Expected Soon Updated On Mon, Mar 18th, 2019 by Saurenergy The sale of its renewable energy business will reduce the total debt of IL&FS by Rs 5,000 crore. Cash-strapped IL&FS Group will receive first set of bids under the asset monetisation process on Monday as part of the resolution process, according to sources. The company’s board will later consider bids for Rs 8,000 crore renewable energy business that […] Read more
Private Companies Appeal to Political Parties to Put Renewable Energy in Poll Manifestos Updated On Mon, Mar 18th, 2019 by Saurenergy A total of 160 private companies and NGOs have made an appeal to all political parties to include decentralised renewable energy solutions in their manifestos for the general elections. The appeal was signed by Panasonic India, Barefoot Power, CSIR-NEERI, Observer Research Foundation, Prayas Energy Group, and several others. The appeal was sent on behalf of […] Read more
