Freedom Solar Launches Commercial Solar Financing Vehicle in Texas Updated On Sat, Dec 1st, 2018 by Saurenergy The company said in a statement that financing through it allows companies to finance up to 70 percent of the cost of an entire solar installation and ensures that an investment in solar is cash-flow positive from day one. Freedom Solar Financial Services, the first solar financial vehicle of its kind in Texas, has raised […] Read more
Green Bank Network Earmarks $10 Billion for Green Projects Updated On Fri, Nov 30th, 2018 by Saurenergy Green Bank members invest across multiple technology platforms such as wind, utility, and small-scale solar, energy efficiency, low-carbon transport etc,. Green Bank Networks, specialized financial institutions involved in financing green projects, are expected to shell out $41 billion in as capital for projects around the globe. Green Bank members invest across multiple technology platforms such […] Read more
Hungary Plans to Fully Rely on Renewable Energy by 2030 Updated On Fri, Nov 30th, 2018 by Saurenergy An estimated drop of 30% in the prices of photo-voltaic modules will give Hungary an opportunity to meet its renewable energy targets. Setting the right precedent, Hungary has announced that it aims to phase out the use of coal by 2030 and will be fully reliant on renewable energy for country’s energy needs. With a […] Read more
Rooftop Solar: Democratising Power Generation – One Roof at a Time Updated On Fri, Nov 30th, 2018 by Saurenergy Rooftop solar was the fastest-growing segment within India’s renewable energy sector last year, but it is still not growing fast enough. Capacity adwdition in rooftop solar stood at around 870 megawatt (MW) in 2017, a far cry from the ambitious target of 5,000 MW for FY 2017-18. As of December 2017, cumulative rooftop solar installed […] Read more
Haryana Government Offers Subsidy of Rs 15,000 on Solar Home Projects Updated On Fri, Nov 30th, 2018 by Saurenergy This is done with a view to promote renewable energy in the state and achieving the solar energy target set under the national solar mission. Residents of Haryana are set to get a state subsidy of Rs 15,000 for installing Solar Home System under the ‘Manohar Jyoti Yojana’. The New and Renewable Energy Department has […] Read more
Chennai Corporation’s Buildings to go Solar Under the Smart City Project Updated On Fri, Nov 30th, 2018 by Saurenergy Working under the smart city initiative, government offices, schools, and hospitals under the Corporation will generate a total of 3.06 MW of electricity. Moving towards a sustainable future, Greater Chennai Corporation is going to provide electricity for 662 buildings under its ambit with the use of solar power. Working under the smart city initiative, government […] Read more
Rise of Renewable Energy to Put Competitive Pressure on Coal Plants: Fitch Updated On Thu, Nov 29th, 2018 by Saurenergy The report further said that the share of renewable energy sector will be further boosted by falling technology cost and increasing availability of cheaper finance. Despite the dominance of coal as a major source of electricity, a steady shift towards renewable energy is slated create competitive pressure on some thermal power plants, especially in developing […] Read more
European Commission Approves 600 Million Euros in State Aid to French Solar Projects Updated On Thu, Nov 29th, 2018 by Saurenergy The approval has been given under EU State aid rules which prohibits financial support by the government towards a business entity unless it is justified The European Commission has given its approval to a measure of providing stat sponsored financial support of 600 million euros innovative solar power installations in France. The approval has been […] Read more
IL&FS to Monetise its Green Energy Portfolio Worth Rs 8,000 Crore Updated On Thu, Nov 29th, 2018 by Saurenergy This comes on the backdrop of IL&FS already having received a good response for the potential sale of its two arms. Debt laden Infrastructure Leasing & Financial Services has decided to monetize its renewable energy assets worth Rs 8,000 crore and has initiated the process to sell its controlling stake in green energy business as […] Read more
