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
“Leveraging the Co-Benefits of RE” Report Launched at WSDS 2019 Updated On Wed, Feb 13th, 2019 by Saurenergy TERI previously coordinated three co-benefits Council meetings to delineate areas of national importance that can be captured using the co-benefits approach. TERI and the Institute for Advanced Sustainability Studies (IASS), under the aegis of International Climate Initiative (IKI) and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), launched their report […] Read more
PM inaugurates first assembly of the International Solar Alliance Updated On Tue, Oct 2nd, 2018 by Saurenergy The Prime Minister, Mr. Narendra Modi, today inaugurated the first Assembly of the International Solar Alliance at Vigyan Bhawan. The same event also marked the inauguration of the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo). The Secretary General of the United Nations, Mr. Antonio Guterres, […] Read more
Mamata tweets ‘Solar PV Panels on Government Buildings, Schools Updated On Mon, Aug 20th, 2018 by Saurenergy West Bengal power minister Sobhandeb Chatterjee had earlier said that the Bengal government is expecting to add over 2,000 megawatt (mw) of power in the next five years including 300 mw of solar power. Feeling isolated by not being one of the states who have recently announced solar power initiatives for their buildings like Rajasthan, […] Read more
REC Signs € 200 mn Loan Agreement with Germany’s KfW Bank Updated On Tue, Aug 14th, 2018 by Saurenergy This is REC’s fourth line of credit under Indo-German Development Cooperation which will be utilized to fund green energy projects in India. State-run entity responsible for financing rural infrastructural projects, Rural Electrification Corporation (REC) has signed a loan agreement with German bank KfW worth euro 200 million for funding renewable energy projects. This is REC’s fourth line […] Read more
Gigawatt of Storage in 2018? Updated On Mon, Feb 19th, 2018 by Saurenergy From a Gigawatt dream storing capacity to watt-hour storage, through decades the glorified history of technology is meekly stored with the wonk of storage development. The interdependency to make solar power modus operandi is the associated technology which can store the continuous flow of electricity and deliver it diligently on the time of respective requirement. […] Read more
Year End Review 2017 –MNRE Updated On Wed, Dec 27th, 2017 by Saurenergy Government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022 India attains 6th position in global Solar Power installed capacity By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW installed since May 2014 and 11.79 GW since January 2017 Historic Low Tariffs […] Read more
Curtain Raiser Event held for the Founding Ceremony of International Solar Alliance in Bonn, Germany Updated On Tue, Nov 14th, 2017 by Saurenergy A Curtain Raiser Event for the Founding Ceremony of the International Solar Alliance (ISA) was held at Bonn, Germany yesterday. Speaking at the event, Shri Anand Kumar, Secretary, Ministry of New and Renewable Energy, Government of India hoped that, in the spirit of affirmative action, developed countries will earmark a percentage of Overseas Development Assistance […] Read more
ReNew to Acquire Orange’s Portfolio in $950 Million Deal to Bulk Up Before IPO Updated On Wed, Jul 19th, 2017 by Saurenergy ReNew power is in in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, and has already submitted a non binding offer and is conducting diligence. Sumant Sinha led ReNew Power […] Read more
