RPC Raises EUR 200 Million for Three Finnish Wind Farms Totaling 171 MW Updated On Fri, May 5th, 2023 by Saurenergy UK-based Renewable Power Capital (RPC) has announced the closing of a refinancing package of almost EUR 200 million covering Finaland’s three onshore wind energy farms in Rustari, Puutikankangas, and Merkkikallio. The wind farms are all operational and have a combined installed capacity of 171 MW. In March, RPC announced that it had taken over the […] Read more
Renewable Energy: Looking Beyond Gujarat In 2023 Updated On Wed, May 3rd, 2023 by Saurenergy The Indian story of renewable energy is actually a story of paradoxes. Thus, even as the country has made remarkable progress in adding renewable capacity, it still fell comfortably short of the 175 GW target for 2022 Nationally, the country today has achieved 168 GW of renewable energy including large hydro power but the travesty […] Read more
Anirban Das to Step into Chief Investment Officer Role at Vibrant Energy Updated On Thu, Apr 27th, 2023 by Saurenergy Vibrant Energy, a green energy solution provider to commercial and industrial customers, has announced the appointment of Anirban Das as the Chief Investment Officer (CIO) of the firm. In this role, Anirban will work closely with Srinivasan Viswanathan, CEO, leading all fund raising and investment activities across the capital stack for Vibrant, the company said […] Read more
MNRE Outlines Calendar For 50 GW RE Tenders Updated On Wed, Apr 26th, 2023 by Saurenergy In a measure of intent that is as strong as it can get, the MNRE (Ministry of New and Renewable Energy) has published a full calendar for the financial year FY23-24, outlining the bidding targets for the 4 key central implementing agencies. These include SECI, NTPC, NHPC and SJVN. Adding up to the announced target […] Read more
PFC Approves Rs 633 Cr Loan for Deployment of 5000 EV Cabs, 1000 EV Cargo Vehicles Updated On Fri, Apr 21st, 2023 by Saurenergy CPSU under the Ministry of Power, Power Finance Corporation (PFC) has given a loan sanction worth Rs 633 crore to Gensol Engineering Ltd. This loan will facilitate the purchase of 5,000 passenger electric vehicles and 1,000 cargo EVs. Gensol Engineering delves into the commissioning of solar projects in India and abroad and is a maker […] Read more
EBRD Loans $200 Million to Turkish Renewable Energy Developer Updated On Thu, Apr 20th, 2023 by Saurenergy The European Bank for Reconstruction and Development (EBRD) is providing a loan of $200 million to Turkey’s Borusan EnBW Enerji Yatirimlari ve Uretim to help the firm strengthen its financial position and invest in renewable energy sector with gender inclusion. The funds are being provided by EBRD under a syndicated structure with the Netherlands Entrepreneurial […] Read more
LGIM, NTR Raise €390 Million for Renewables Expansion in Europe Updated On Thu, Apr 20th, 2023 by Saurenergy UK-based asset manager Legal & General Investment Management (LGIM) and renewable energy player NTR have raised EUR 390 million in committed capital and co-investment opportunity in the first close of the L&G NTR Clean Power Fund. This Fund would invest in clean power infrastructure assets across wind, solar and energy storage. The Fund is designed […] Read more
Saurabh Kumar is Appointed Head of Global Energy Alliance for People and Planet Updated On Thu, Apr 20th, 2023 by Saurenergy The Global Energy Alliance for People and Planet (GEAPP) has announced the appointment of Saurabh Kumar as the Head of GEAPP in India. GEAPP is an alliance of philanthropy, local entrepreneurs, government, technology, policy, and finance, with a singular focus on solving energy poverty within a green energy transition. Saurabh Kumar brings over 20 years […] Read more
Novalith Technologies Raises AU$23 Million to Revolutionise Lithium Production Updated On Wed, Apr 19th, 2023 by Saurenergy Sydney based Novalith Technologies has raised AU$23 million in Series A funding with an objective to revolutionise the production of lithium for EV sector from sources. The company claims to be the creator of a novel lithium extraction process that will unlock vast resources and deliver them without the environmental toll of traditional approaches. Led […] Read more
