Islamic Development Bank To Offer Insurance/Finance For RE Projects Updated On Wed, Jan 25th, 2023 by Saurenergy In a bid to promote the development of renewable energy projects, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed an MoU with Abu Dhabi Future Energy Company or Masdar. Under the MoU, the bank and Masdar agree to co-operate […] Read more
US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions Updated On Wed, Jan 25th, 2023 by Saurenergy Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […] Read more
Study Says Clean Energy Transition Could Save India $19.5 Billion Annually By 2025 Updated On Wed, Jan 25th, 2023 by Saurenergy According to a recent study by Global Energy Monitor, India has the potential to save up to $19.5 billion annually by achieving its goal of adding 76 GW of utility-scale solar and wind power by 2025. India has been ranked among the top seven countries globally in terms of prospective renewable power, according to a […] Read more
NTPC Issues BOS Tender for ISTS Connected Wind Projects Worth 1 GW in Gujarat Updated On Tue, Jan 24th, 2023 by Saurenergy The wholly-owned subsidiary of NTPC, NTPC Renewable Energy has issued a mega tender for the balance of system package of ISTS-connected wind power projects worth 1 GW in Gujarat. The tender marks one of the larger push for onshore wind in India, a sector that has been noticeably lagging solar power growth in the past […] Read more
Pexapark and AFRY launch Daily Valuation Curve For Renewable Projects Updated On Mon, Jan 23rd, 2023 by Saurenergy Switzerland based Pexapark has joined Sweden based AFRY management consulting to formally launch the ‘Daily Valuation Curve’, a new pricing data offering that will give investors and lenders greater certainty over the lifetime value of renewable energy projects. Announced in Q4 2022, the Daily Valuation Curve seamlessly combines Pexapark’s market-based price approach, used by 150+ […] Read more
2023’s Promise for Solar. Will India Rise To The Challenge? Updated On Mon, Jan 23rd, 2023 by Saurenergy Early into 2023, the ground is set for a momentous shift for solar. But first, the numbers. In the Jan-Dec period, figures from India’s Central Electricity Authority show that the country added 13956 MW of solar capacity, of which just over 11 GW was utility scale solar. This is by far the best ever performance […] Read more
European Investment Bank Commits EUR 28.5 Mn for Three Solar Plants for Greece Updated On Mon, Jan 23rd, 2023 by Saurenergy PPC Renewables, which is a wholly-owned subsidiary of the Public Power Corporation SA, Greece’s largest power generation company, has announced that it will establish three solar power plants, that will boast of a cumulative capacity of 230 MWp. This is set to be among the largest solar energy projects developed or in the pipeline in […] Read more
New Zealand’s First Big Battery Project of 200MWh & Solar Farm in Offing From TotalEnergies Updated On Thu, Jan 19th, 2023 by Saurenergy Saft, a subsidiary of French energy major, TotalEnergies, has bagged a project to establish New Zealand’s first big grid-connected battery. Saft was contending against Tesla and Fluence for the 100MW and 200MWh Ruakākā battery contract, which is worth $NZ186 million. The formal announcement for the project came in December 2022 from Meridian, which is the […] Read more
CIP, Statkraft Partner for 2.2GW Offshore Wind in Ireland Updated On Wed, Jan 18th, 2023 by Saurenergy Leading global renewable energy firm Statkraft has announced a major deal with Copenhagen Infrastructure Partners’ (CIP) fund Copenhagen Infrastructure IV K/S (CI IV) as the company looks to develop upto 2.2 GW of offshore wind in Ireland. Statkraft said that CIP will acquire a 50% stake in its offshore wind portfolio in Ireland. It is […] Read more
