AfDB Offers Assistance for Development of Mini Green Energy Grids in Guinea Updated On Tue, Apr 14th, 2020 by Saurenergy AfDB has approved a grant of 830,000 USD to support AGER in the establishment of green mini grids projects in the Republic of Guinea. The African Development Bank (AfDB), through its Sustainable Energy Fund for Africa (SEFA), has approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification (AGER), in […] Read more
COVID-19 Could Derail Storage Growth, but 2020 to be Record Year Updated On Fri, Apr 3rd, 2020 by Saurenergy According to a new analysis, the COVID-19 containment could derail storage growth but 2020 will still be a record-breaking year with 12.6 GWh deployed. According to a new analysis, if the coronavirus (COVID-19) containment measures continue to curtail the movement of goods and people through Q2 this year, alongside an economic downturn, the market impact […] Read more
PFC Disburses Rs 11K Crore, Claims to be Unaffected by Lockdown Updated On Thu, Apr 2nd, 2020 by Saurenergy PFC has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31 and has claimed to be unaffected by it. State-owned Power Finance Corporation (PFC) has disbursed Rs 11,000 crore to finance power sector projects during the first week of lockdown till March 31. The company claimed that the […] Read more
Renewable Energy Supply Chain Disruptions to be Treated as Force Majeure Updated On Mon, Mar 23rd, 2020 by Saurenergy MNRE has directed its implementing agencies to treat delay on account of disruption of the supply chains due to the spread of coronavirus as Force Majeure. The Ministry of New and Renewable Energy (MNRE) has announced that all Renewable Energy implementing agencies of the MNRE have been directed to treat delay on account of disruption […] Read more
Renewables Industry Confused due to Lack of Advisory on Coronavirus: FICCI Updated On Fri, Mar 20th, 2020 by Saurenergy FICCI claims the Renewables industry in India is in a state of confusion due to the lack of advisory from ministries and departments regarding coronavirus The Federation of Indian Chambers of Commerce and Industry (FICCI) in a note has described that the Renewables industry in India is in a state of confusion regarding the next […] Read more
Uzbekistan Sees High Foreign Interest in its Renewable Energy Push Updated On Wed, Mar 18th, 2020 by Saurenergy The Ministry of Energy of Uzbekistan has shared an update on progress towards the aim of generating a quarter of all electricity from renewable energy, by 2030. The Ministry of Energy of Uzbekistan has shared an update on progress towards the country’s ambitious aim of generating a quarter of all electricity from renewable sources, by 2030. “This […] Read more
‘Letter of Comfort’ From PFC/ REC/ IREDA now at Par With Bank Guarantees Updated On Mon, Mar 16th, 2020 by Saurenergy The government has decided to treat a letter of comfort issued by state-run shadow banking firms like PFC, REC, and IREDA at par with bank guarantees. To improve the business environment for clean energy projects and attract investments, the government has decided to treat a letter of comfort (undertaking) issued by state-run shadow banking firms […] Read more
Financing Global Energy Transformation Through Green Bonds: IRENA Updated On Thu, Mar 5th, 2020 by Saurenergy IRENA has highlighted green bonds as an innovative instrument that can help channel substantial global capital into renewable energy and other green assets. Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to […] Read more
IFC Invests $200 Mn in Africa’s Largest Green Bond Updated On Thu, Mar 5th, 2020 by Saurenergy IFC, an arm of World Bank, has invested about USD 200 million recently in the green bond issuance of Standard Bank of South Africa placed on the London Stock Exchange (LSE). Standard Bank Group is the largest African bank by assets having presence across 20 African countries. This is Africa’s largest green bond and South […] Read more
