ReNew Power Concludes $375 Mn Green Bond Issue Updated On Wed, Mar 13th, 2019 by Saurenergy The capital raised through the green bond issue will be utilised for refinancing of outstanding external commercial borrowings and as Capex in eligible green projects. ReNew Power Limited, one of India’s largest renewable energy Independent Power Producer (IPP) has successfully concluded a green bond issue of US$ 375 million. The five-year non-call two notes were […] Read more
EESL Inks MoUs with 5 Organisations to Implement Energy Efficient Solns Updated On Mon, Mar 11th, 2019 by Saurenergy Both EESL and USAID partnered to develop strategies for the roll-out of scalable, market-led solutions for sustainable cooling technologies and superefficient buildings under the MAITREE programme. Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Union Ministry of Power, signed agreements with five Indian organisations with an aim to demonstrate a cross-cutting […] Read more
Longi Commissions New 5GW Mono Module Factory in China Updated On Mon, Mar 11th, 2019 by Saurenergy Further, this 5GW factory was built with a total investment of about USD 328 million. One of the leading solar modules maker LONGi Solar has commissioned it’s another 5GW high-efficiency monocrystalline module plant in Chuzhou, Anhui, China. The move has come as the company aimed at enhancing its high-efficiency monocrystalline module capacity to meet rising global demand […] Read more
Minnesota Sets Sight For 100% Carbon-Free Electricity by 2050 Updated On Wed, Mar 6th, 2019 by Saurenergy Governor Tim Walz has set an ambitious goal for Minnesota to get 100 percent of its electricity from carbon-free sources by 2050, though his plan was short on specifics of how to meet that target. Walz said his clean energy proposals would put Minnesota at the forefront of addressing climate change while ensuring “reliable, affordable and sustainable […] Read more
GCF Allocates $440 Mn For 9 Climate Resilience and Low Emission Projects Updated On Tue, Mar 5th, 2019 by Saurenergy The 22nd meeting of the Green Climate Fund (GCF) recently ended with a raft of decisions to strengthen GCF for its first replenishment. The Board during the meeting approved nine new climate resilience and low emission projects totaling $ 440 million in GCF resources and took steps to strengthen operations, reinforce standards and close policy […] Read more
World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
Ørsted and Northumbrian Water Sign UK’s First Offshore Wind Corporate PPA Updated On Fri, Mar 1st, 2019 by Saurenergy The Corporate PPA will deliver approximately 100GWh per year of renewable electricity from the offshore wind farm to Northumbrian Water consumption sites. Ørsted has signed a long-term agreement with the Northumbrian Water Group that will see the water company take almost a third of its renewable energy demand from Race Bank offshore wind farm. The […] Read more
Google and DeepMind Are Using Machine Learning to Predict Wind Energy Output Updated On Thu, Feb 28th, 2019 by Saurenergy Google’s partnership with DeepMind to make wind power more predictable and valuable is a concrete step toward the aspiration of sourcing carbon-free energy on a 24×7 basis. Over the past decade, wind farms have become an important source of carbon-free electricity as the cost of turbines has plummeted and adoption has surged. However, the variable […] Read more
Siemens Gamesa Signs 48 MW Wind Turbine Agreement in Bosnia Updated On Thu, Feb 28th, 2019 by Saurenergy The deadline for commissioning the project is 21 months and the expected annual production is from the wind farm upon completion is around 130 GWh. Siemens Gamesa has signed a $78.4 million agreement with the Bosnian public electric utility company (EPBiH) to supply 15 wind turbines for a future wind farm. The wind power company […] Read more
