Maldives Steps Up Renewable Adoption With 5 MW Solar Tender Updated On Mon, Feb 25th, 2019 by Saurenergy The 5MW solar system will be developed under design, build, finance, own, operate, and transfer basis. The Government of the Republic of Maldives is implementing the “Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE)” Project and has invited bids from investors for installation of 5MW Grid-connected Solar PV Power System in the Greater Malé Region […] Read more
OPIC Provides Initial Financing to $85 Mn Solar Energy Transformation Fund Updated On Mon, Feb 25th, 2019 by Saurenergy The fund supports businesses providing solar solutions to some of the millions of people in India and Sub-Saharan Africa who lack access to electricity. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85 million Solar Energy Transformation Fund which supports businesses providing solar solutions to […] Read more
World Bank’s IFC to Invest $75 Mn in AC Energy’s Green Bond Updated On Thu, Feb 21st, 2019 by Saurenergy The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific. IFC, a member of the World Bank Group, will invest $75 million in the first-ever listed green bond issued by AC Energy Finance International Limited and […] Read more
The Home Depot Expands Renewable Energy Initiatives Updated On Fri, Feb 15th, 2019 by Saurenergy The company will purchase enough wind energy from the Pretty Prairie Wind Project in Kansas to power about 40 stores for a year. CDP, an environmental impact non-profit, has named The Home Depot to its Climate Change “A” list for cutting carbon emissions and alleviating climate risks. In this year’s CDP report, The Home Depot […] Read more
In Renewables, it’s No Less Than a ‘Revolution’ Underway in India. WSDS 2019 Updated On Wed, Feb 13th, 2019 by Saurenergy At the World Sustainable Development Summit, India’s renewable push came up for appraisal, with everyone agreeing that it was no less than a revolution when seen from most metrics. At a panel chaired by Ajay Shankar of TERI, Anand Kumar, Secretary, MNRE, Vineet Mittal of the Avaada Energy Group representing the private sector, David Nelson […] Read more
EIB Approves Euro 1670 Million Fund For Strengthening Sustainable Transport and Clean Energy Investments Updated On Fri, Feb 8th, 2019 by Saurenergy The investments in renewable energy initiatives are a part of the bank’s programme that saw EUR 4.8 billion of new financing. The European Investment Bank (EIB) has approved a total of EUR 1670 Million for strengthening sustainable transport and supporting the development of renewable energy in Europe, Africa, and Asia. The EIB-backed financing will support […] Read more
Govt. implements various programs/schemes for promotion of grid interactive renewable energy Updated On Thu, Feb 7th, 2019 by Saurenergy The Government is already implementing various programs/schemes for promotion of grid interactive renewable energy such as solar, wind, bio-power and small hydro power in the country. The details of major steps taken by the Government to attract investment in the renewable energy sector are as follows: – Waiver of Inter State Transmission System (ISTS) charges […] Read more
Evolution II Fund Closes ZAR100 Mn Investment Targeting C&I Solar Rooftop Market in Africa Updated On Tue, Feb 5th, 2019 by Saurenergy The investment will be used to finance rooftop solar projects for commercial and industrial consumers. Inspired Evolution, an Africa-focused investment advisory firm that specialises in the clean energy sector, has closed a ZAR100 ($7.47) million investment facility by its Evolution II Fund into Commercial Energy SA – an affiliate of SolarAfrica. Commercial Energy SA offers […] Read more
Renewable Energy Industry Reactions on Interim Budget 2019 Updated On Fri, Feb 1st, 2019 by Saurenergy The industry was expecting a policy direction from the government to promote manufacturing, especially in the renewable energy sector in the background of the jobs crisis, which India faces. Surprisingly, this was completely missing from the budget, says Amit Gupta, Vikram Solar. India’s renewable energy industry was expecting lot of things from the present Modi […] Read more
