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
500 Government Schools In Telangana To Have Rooftop Solar By March Updated On Wed, Jan 25th, 2023 by Saurenergy After solarisinga 100 schools in Telangana, the state government now targets to put solar panels on the buildings of 500 schools by the coming March. The objective is to decentralise electricity generation and make the schools free from power shedding challenges. In 2022, the Telangana government had said that it aims at installing rooftop solar […] 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
Rajasthan to Welcome 1 GW Renewable Energy Projects from BPCL Updated On Tue, Jan 24th, 2023 by Saurenergy PSU refiner Bharat Petroleum Corporation Ltd (BPCL) will be establishing renewable projects worth 1 GW of capacity in the state of Rajasthan. Towards this goal, an MoU has been signed between the Government of Rajasthan and BPCL. Details with respect to the timeline and investment have not been shared. The firm has set out on […] 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
GameChange Solar bags 2.3GW Worth Solar Tracker Deals In Florida, US Updated On Tue, Jan 24th, 2023 by Saurenergy GameChange Solar announced today that the company has been awarded a group of projects totaling 2.3 GW in the U.S. state of Florida. These systems include sites designed for wind gusts of 241 km per hour. Derick Botha, Chief Commercial Officer of GameChange Solar, said: “The ability of our robust Genius Track™ system to survive wind […] Read more
Budget Countdown: As India Seeks Domestic Solar Cells, A Pioneer Hopes For The Right Moves Updated On Tue, Jan 24th, 2023 by Saurenergy As the world awaits the next Union Budget on February 1, which will also be the last full budget before the general elections in 2024, one company in West Bengal has more reason than most to hope for a positive outcome. Websol Energy System Limited. Set up in an age when Solar power at scale […] Read more
Marguerite To Invest EUR 60 Million In New Solar Platform Updated On Tue, Jan 24th, 2023 by Saurenergy Luxembourg-based renewable energy provider Marguerite has announced that it will be investing up to EUR 60 million in an investment platform that will work to develop greenfield solar power projects. Marguerite held that the investment platform will seek to develop a portfolio of over 2GW of developed and in-development solar power plants in the coming […] Read more
