EverSource Capital and NIIF to Invest $330 Mn in CDC’s Ayana Renewable Power Updated On Fri, Mar 1st, 2019 by Saurenergy This investment is a part of CDC’s commitment to invest a further $ 1.7 billion in India and neighbouring countries over the next three years. EverSource Capital (a joint venture between Everstone Capital and Lightsource BP) and the National Investment and Infrastructure Fund of India (NIIF) have announced a partnership with UK-based Finance Institution CDC […] Read more
EIB and Banco Santander to Provide €50 Mn to Improve Energy Efficiency Updated On Wed, Feb 27th, 2019 by Saurenergy The EIB-Santander credit line is part of the energy efficiency financing instrument funded by the European Commission to promote sustainable investments contributing to climate action. The European Investment Bank (EIB) and Santander España are providing businesses and the self-employed with a credit line – including EUR 50 million of EIB funds – for professional projects improving […] Read more
General Motors Partners With DTE To Source Wind Energy in Michigan Updated On Wed, Feb 27th, 2019 by Saurenergy The company will source 300,000 MWh of locally sourced Michigan wind energy through DTE’s MIGreenPower program. As part of its commitment to increasing its renewable energy footprint globally and finding clean energy solutions near its operations, General Motors Co. has partnered with DTE Energy for 300,000 MWh of wind energy in the state of Michigan. […] Read more
Rethinking a Renewable-Only Energy Future Makes Sense: Karin Kneissl Updated On Wed, Feb 27th, 2019 by Saurenergy The Austrian Foreign Minister has said that it now makes sense to rethink the renewable-only energy future. Austrian Foreign Minister Karin Kneissl has said that it now makes sense to rethink the renewable-only energy future because, in the process of aiming too high, the countries run the risk of missing their targets of socially acceptable […] Read more
Energy Efficiency Label for Residential Sector Launched in India Updated On Wed, Feb 27th, 2019 by Saurenergy The objective of the labeling programme is to make an instrument over the energy performance of a home which will gradually lead to an effective tool while deciding over the home prices in future. Power Minister R K Singh has launched the energy efficiency label for residential buildings at the Conference of Ministers for Power, […] Read more
Saudi Arabia and China To Boost Renewable Energy Cooperation Updated On Mon, Feb 25th, 2019 by Saurenergy Saudi Arabia’s PIF signs MOU with China’s National Energy Administration on renewable energy cooperation, after announcing to make India a regional hub for oil supply. Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China. The news about the […] Read more
Cheap Finance Can Make Renewables Cost-Competitive Faster in Developing Countries Updated On Mon, Feb 25th, 2019 by Saurenergy A new report pinpoints how concessional finance can make wind, solar, and batteries cost-competitive faster in developing countries, accelerating the shift from fossil-fuelled power. Cut-rate financing has the potential to substantially speed the transition from fossil-fuelled power generation to renewable energy in developing countries, according to a new report produced by BloombergNEF (BNEF) and commissioned […] Read more
GE T&D India to Set Up PowerGrid’s Substation in Gujarat For Wind Power Evacuation Updated On Mon, Feb 25th, 2019 by Saurenergy Through this project, GE will help evacuate around 2500 MW of wind power generated in Gujarat. GE T&D India, part of GE’s Grid Solutions business in India, has been awarded a Rs 162 crore contract by Power Grid Corporation of India Limited (PGCIL) to extend the 765kV AIS Substation and setting up a new 400kV […] Read more
Ford Collaborates With DTE Energy to Procure Wind Energy Updated On Mon, Feb 25th, 2019 by Saurenergy The company will source 500,000 MWh of locally sourced Michigan wind energy through DTE’s MIGreenPower program. US based Ford Motor Company’s Dearborn Truck Plant, and several new buildings on the Ford Research and Engineering Campus and Corktown campus, including Michigan Central Station, will soon be powered by 100 percent locally sourced renewable energy. This is […] Read more
