EBRD Grants €48 Mn Loan For 220 MW Wind Project in Poland Updated On Wed, May 1st, 2019 by Saurenergy The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm […] Read more
Ørsted Takes FID on Two Offshore Wind Farms in Taiwan Updated On Wed, May 1st, 2019 by Saurenergy Denmark-based power company has announced that it has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan. Prior to the FID, Taiwan’s Ministry of Economic Affairs approved Ørsted’s local supply chain plan, and subsequently, Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff […] Read more
Europe’s Solar Resurgence is on the Horizon: Report Updated On Tue, Apr 30th, 2019 by Saurenergy A new report has revealed that the European solar market is undergoing a resurgence with more than 10 gigawatts (GW) installed in 2018, marking a five year high. Wood Mackenzie’s ‘Global solar PV market outlook update: Q1 2019’ predicts that based on this growing trend of more and more solar installations the continent should break […] Read more
Siemens Gamesa to Supply 194 MW Turbines For Canadian Wind Project Updated On Sat, Apr 27th, 2019 by Saurenergy Once installed, the SG 4.5-145 will be the most powerful turbines with the largest rotor installed in the country. Siemens Gamesa Renewable Energy has announced that it has signed a contract to supply and commission 43 SG 4.5-145 wind turbines, with flexible rating up to 4.8 MW, for a wind project in Canada with an […] Read more
European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania Updated On Fri, Apr 26th, 2019 by Saurenergy The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […] Read more
Senvion Signs EUR 100 Mn Loan Agreement to Avoid Bankruptcy Updated On Mon, Apr 22nd, 2019 by Saurenergy The DIP facility enables Senvion to continue its business operations following last week’s self-administration filing. Germany-based Senvion, a leading global manufacturer of onshore and offshore wind turbines and its lenders and main bondholders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility. The DIP facility has received Board […] Read more
Europe Invested EUR 27 Billion in New Wind Farms Last Year Updated On Mon, Apr 22nd, 2019 by Saurenergy Europe invested EUR 27 bn in new wind farms in 2018, which will finance a record amount of future new wind energy capacity. According to WindEurope’s annual Financing and Investment Trends report, the amount invested is similar to previous years. But, with cost reduction, especially in the offshore wind segment, the investments will finance a […] Read more
Engie Begins Work on Jumbo Hill Wind Project in Texas Updated On Mon, Apr 22nd, 2019 by Saurenergy With a total capacity of approximately 160 MW, the project is scheduled to be online by spring of 2020. ENGIE North America recently announced the start of construction of the Jumbo Hill Wind Project, located in Andrews County, Texas. Jumbo Hill will provide energy and Renewable Energy Credits (REC) generated by the Project to a […] Read more
responsAbility Partners with Pune-Based Electronica to Expand Green Lending Facility Updated On Thu, Apr 18th, 2019 by Saurenergy Through this green bond issuance, EFL plans to diversify its product offering and to expand into financing solar PV for the commercial and industrial markets. Swiss impact investment institute, responsAbility has partnered with Pune-based non-banking finance company Eletronica Finance (EFL) to issue green Masala Bonds for expanding EFL’s energy efficient machinery lending portfolio for small […] Read more
