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
ISTS Charges Waived for Solar & Wind Projects Commissioned by 2022 Updated On Fri, Nov 15th, 2019 by Saurenergy Ministry of Power has announced that ISTS charges for solar and wind energy projects will be waived off if they are commissioned before December 31, 2022 The Ministry of Power (MoP) has announced that the Interstate Transmission System (ISTS) charges and losses on the transmission of electricity generated from solar and wind energy projects will […] 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
Adani Green Energy Q2 Results Show Rs 102 Crore Profit Updated On Thu, Nov 14th, 2019 by Saurenergy Adani Green Energy recently posted its financial results for Q2, reporting a consolidated net profit of Rs 102 crore Adani Green Energy recently posted its financial results for the second quarter (Q2) of the fiscal, reporting a consolidated net profit of Rs 102 crore for the September quarter of 2019-20. The company reported a loss of […] Read more
Tata Power to Develop 50 MW Solar Energy Plant at Dholera Updated On Wed, Nov 13th, 2019 by Saurenergy Tata Power Renewable Energy has received an LoA from GUVNL to develop a 50 MW solar energy project in Dholera Solar Park in Gujarat. Tata Power, India’s largest integrated power company, has announced that its wholly owned subsidiary Tata Power Renewable Energy Limited (TPREL) has received a Letter of Award (LoA) from Gujarat Urja Vikas […] 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
Excelsior Acquires 109 MW Wind Energy Portfolio From Invenergy Updated On Fri, Nov 8th, 2019 by Saurenergy Excelsior has acquired 90.1 percent of Invenergy’s sponsor equity interests in the combined 109 MW Prairie Breeze II and III wind energy projects in Nebraska. Excelsior Energy Capital, a leading independent North American renewable energy investor, has announced that its North American Renewable Energy Fund has executed definitive agreements for the acquisition of 90.1 percent […] Read more
Siemens Gamesa Bags 254 MW Wind Energy Plant Order in Sweden Updated On Fri, Nov 8th, 2019 by Saurenergy Siemens Gamesa has announced that it has secured an order to supply the 254 MW Stavro project, its largest ever onshore wind order in Sweden. Siemens Gamesa Renewable Energy (SGRE) has announced that it has secured an order to supply the Stavro project, its largest ever onshore wind order in Sweden. The 62 turbines with […] Read more
