World Bank signs agreement with Jharkhand and Central government for a $310 million loan Updated On Tue, Nov 20th, 2018 by Saurenergy The Jharkhand Power System Improvement Project will help build new power transmission infrastructure To provide affordable, reliable and 24×7 electricity to the citizens of Jharkhand, the state and the central government have signed an agreement with the World Bank for a loan of $310 million. The Jharkhand Power System Improvement Project will help build new […] Read more
Solar Energy Sector Losing Sheen With Developers Shunning Projects Updated On Mon, Nov 19th, 2018 by Saurenergy Solar Energy Corporation of India (SECI) issued tenders for 1,200 megawatt (MW) of wind-solar hybrid scheme and 10,000 MW solar tender linked to manufacturing units Once touted as the sunrise sector, solar energy industry is losing is its sheen with developers showing reluctance towards bidding for projects. Solar Energy Corporation of India (SECI) issued tenders […] Read more
Freedom Forever Expands Footprint to Colorado Updated On Mon, Nov 19th, 2018 by Saurenergy It offers a unique 25-year production guarantee that ensures all installed systems meet or exceed kilowatt hour production for 25 years. Freedom Forever, the innovative residential solar energy installer, recently named one of America’s fastest growing companies by Inc. Magazine, announced its expansion into Colorado. The company currently serves customers in California, Arizona and Nevada. It […] Read more
GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables Updated On Sat, Nov 17th, 2018 by Saurenergy ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […] Read more
Renascent Power to Buy 75% PPGCL under Stressed Asset Resoln Process Updated On Thu, Nov 15th, 2018 by Saurenergy Further, this transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process. Renascent Power Ventures, arm of Resurgent Power, signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in Prayagraj Power Generation Company […] Read more
Finance to Close Global Energy Access Gaps Dramatically Off-Track to Meet 2030 Targets: SEforALL Updated On Wed, Nov 14th, 2018 by Saurenergy Data shows finance for coal tripled in past year, but innovative off-grid solutions and finance models offer opportunities to meet Global Goals. Finance required to close electricity and clean cooking access gaps remains dramatically short of what is needed to meet global energy goals by 2030, leaving the world’s most vulnerable people behind, according to […] Read more
ENGIE Acquires 90% Stake in Simpa Energy India Updated On Wed, Nov 14th, 2018 by Saurenergy ENGIE has acquired 90 percent stake in Simpa Energy India French clean energy giant ENGIE has acquired a controlling stake in Simpa Energy India Pvt Ltd the company announced. The move is set to expand ENGIE’s geographical footprint and accelerate the company’s growth. ENGIE has acquired 90 percent stake in Simpa Energy India from its […] Read more
Leaders Gather for Groundbreaking of Georgia’s Solar Plant Updated On Tue, Nov 13th, 2018 by Saurenergy The largest infrastructure project in Twiggs County, the GA Solar 4 project will create up to 400 construction jobs and ongoing tax revenues for the region. Leaders of various organisations gathered on Monday in Twiggs County, Georgia to celebrate the ceremonial groundbreaking of the largest solar plant in the state. The largest infrastructure project in […] Read more
EDF Renewables Signs Two 20-Yr PPA For Solar+Storage Proj in California Updated On Tue, Nov 13th, 2018 by Saurenergy The Project is slated to achieve commercial operation by the end of 2021. The agreement is for generation and storage of solar energy. EDF Renewables North America signed two 20-years Power Purchase Agreement (PPA) with Silicon Valley Clean Energy (SVCE) purchasing 55 percent of the output, and Monterey Bay Community Power (MBCP) getting the remaining […] Read more
