Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Shtigen Energy Commissions Armenia’s Largest Commercial PV Project Updated On Tue, Nov 19th, 2019 by Saurenergy Shtigen Energy Systems, one of the leading EPC’s in Armenia, has recently commissioned Armenia’s largest commercial solar power station named ArSun. Furthermore, the 2 MW (AC) photovoltaic (PV) plant, with 2.2 MW (DC) PV panels installed, will supply power to Hrazdan community. This project used latest PV technologies including peak shaving, bifacial half-cut cells etc. […] Read more
NextEra Energy Commissions Shaw Creek Solar Plant in South Carolina Updated On Tue, Nov 19th, 2019 by Saurenergy NextEra Energy Resources has announced the start of operations at its newest solar energy generating facility in South Carolina. NextEra Energy Resources has announced the start of operations at its newest solar energy generating facility, the Shaw Creek Solar Energy Center in Aiken, South Carolina. Shaw Creek is owned and operated by a subsidiary of […] Read more
€6.9 bn EIB Backing for Renewables, Sustainable Transport and Innovation Updated On Mon, Nov 18th, 2019 by Saurenergy EIB has agreed to support EUR 6.9 billion of new financing to improve renewable energy, sustainable transport, social housing, communication, etc. The Board of the European Investment Bank (EIB) has agreed to support EUR 6.9 billion of new financing. This includes backing new investments across Europe and around the world to improve renewable energy, sustainable […] Read more
AIIB Sets Aside $75 mn Loan for Renewables Financing in India Updated On Mon, Nov 18th, 2019 by Saurenergy AIIB has ramped up its investments in India with a USD 75 million loan to boost private capital investment in renewable energy, power transmission, etc. The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with total in-country financing now standing at USD 2.9 billion. Two of its most recent projects—approved by […] Read more
Big Move. £555 Billion European Investment Bank to Stop Lending To Fossil Fuel Projects Updated On Fri, Nov 15th, 2019 by Saurenergy In what could be called the ‘Venice Effect’ perhaps, the European Investment Bank, (EIB) the lending arm of the European Union has decided to stop funding fossil fuel projects as part of lending policy Yesterday, even as the world was absorbing images of the city of Venice going underwater due to unprecedented flooding caused by […] Read more
E.ON and RWE Complete Renewable Power Supply Agreement Updated On Thu, Nov 14th, 2019 by Saurenergy E.ON and RWE Renewables have announced a new 2.5-year agreement on purchasing the output of more than 20 British wind farms amounting to nearly 892 MW E.ON and RWE Renewables have announced a new 2.5-year agreement on purchasing the output of more than 20 British wind farms, supplying sustainable power to the grid and supporting […] Read more
Ørsted to Build its 1st Solar Energy Plus Storage Facility in Texas Updated On Thu, Nov 14th, 2019 by Saurenergy Ørsted has commenced construction on its first utility-scale solar plus battery storage project, the 460 MW Permian Energy Center in Andrews County, Texas. The leading developer of Offshore wind energy projects globally, Ørsted has announced recently that following final investment decision from its Board of Directors it has commenced construction on the company’s first utility-scale solar […] Read more
Distributed Energy Launches Platform to Connect RE Projects with Investors; Raises Rs 10 Cr Updated On Mon, Nov 11th, 2019 by Saurenergy The platform has already delivered 5 MW of energy to many companies in Southern India and Rwanda, it added. Distributed Energy, a renewable energy aggregator with a focus on the Indian market, on Monday has launched one of its kind unique platform for connecting credible renewable energy projects with investors. The company, which was co-founded by Mathew […] Read more
