ADB Invests $10 Mn For Climate Tech Innovation In Sub-Saharan Africa Updated On Thu, Dec 19th, 2024 by Saurenergy The African Development Bank (ADB) recently announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund). This funding envisions propelling climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures. The ACV […] Read more
2024: US Clean Energy Investment Announcements Rose To $1tn Updated On Wed, Nov 27th, 2024 by Saurenergy United States (US) recently saw a surge in private sector clean energy investment. The country saw the investment reaching $1 trillion in clean energy, semiconductors, and other advanced manufacturing initiatives. The move is set to see a spur in catalyzing growth of clean energy in the United States (US). The data shows that announced investments […] Read more
BII, Norfund & IndiGrid Enter 300 Mn Partnership To Expand BESS Project In India Updated On Wed, Nov 13th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), formed a new platform, EnerGrid in partnership with British International Investment (BII), UK’s development finance institution and impact investor, along with the Norwegian Climate Investment Fund, managed by Norfund. This platform focuses on developing greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India. The […] Read more
Can COP29 Help In Expediting Renewable Growth In India? Updated On Mon, Nov 11th, 2024 by Saurenergy The convergence of global leaders, policymakers, and pro-climate groups in Baku, Azerbaijan, for the annual Conference of Parties (COP29) is likely to expedite the energy transition globally. It is more pertinent to the Global South including India which has been demanding fair access to the Climate Fund, as committed by developed countries for pro-climate activities. […] Read more
Achieving Universal Energy Access by 2030: Can It Be Done? Updated On Mon, Oct 21st, 2024 by Saurenergy Universal energy access is not just a development goal. It’s a fundamental requirement for socio-economic growth and improved quality of life. Despite global efforts, millions of people, particularly in sub-Saharan Africa and South Asia, still lack access to electricity and clean cooking solutions. The World Energy Outlook 2024 examines these challenges and explores pathways to […] Read more
EV Industry Expects PM E-Drive To Boost Electric Mobility Updated On Thu, Sep 12th, 2024 by Saurenergy A day after the Union Cabinet chaired by the Prime Minister Narendra Modi approved the proposal of Ministry of Heavy Industries (MHI) for the implementation of scheme titled ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ for the promotion of electric mobility in the country, several industry leaders reacted to the development […] Read more
BII, Symbiotics Launch Second Green Basket Bond Across Asia, Africa Updated On Wed, Jun 26th, 2024 by Saurenergy British International Investment (BII), a UK-based development finance institution (DFI) and impact investor committed $75 million to the second ‘green basket bond’ arranged by Symbiotics Investments, a financial lender. The green lending program is expected to increase financing to small-scale green projects across Africa and South and South-East Asia through MSME lenders. This project particularly […] Read more
Access To Public Finance Key To Clean Energy Adoption In India: IEA Updated On Thu, Jun 13th, 2024 by Saurenergy The International Energy Agency (IEA) recently reported an increased usage of modern renewable energy between 2010 and 2021. The United Kingdom and Indonesia have reportedly made the greatest progress in the use of modern renewables (up 9 and 7 percentage points, respectively, in total final energy consumption). The two countries were closely followed by China, […] Read more
IEEFA Cites Jharkhand Solar Policy To Support Blended Finance For DRE Updated On Fri, Feb 9th, 2024 by Saurenergy A recent report by Institute for Energy Economics and Finance (IEEFA) has put the spotlight on the role of blended finance as a medium to support transition to renewable energy in developing countries. The report defines blended finance as a medium to support scaling up financing for assets such as mini grids that have the […] Read more
