EIB Grants €50 mn Loan to Iberdrola for 111 MW Wind Farm in Spain Updated On Thu, Nov 28th, 2019 by Saurenergy EIB will provide EUR 50 million in financing to an Iberdrola and Caja Rural de Navarra JV, to build wind energy projects worth a combined 111 MW in Spain The European Investment Bank (EIB) has announced that it will provide EUR 50 million in financing to Renovables de la Ribera, a 50-50 joint venture between Iberdrola and […] Read more
Duke Energy Issues $700 mn Green Bond to Fund Renewable Investments Updated On Wed, Nov 27th, 2019 by Saurenergy Duke Energy Florida has completed two debt issuances, aligned with the company’s focus on generating renewable energy and advancing diversity and inclusion. Duke Energy Florida, a subsidiary of Duke Energy, completed two debt issuances, aligned with the company’s focus on generating renewable energy and advancing diversity and inclusion. The first transaction, totaling USD 700 million, marks […] Read more
Australia Commits $70 mn to Fast Track Renewable Hydrogen Development Updated On Mon, Nov 25th, 2019 by Saurenergy ARENA has announced a funding round of up to AUD 70 million to help fast track the development of renewable hydrogen in Australia. The Australian Renewable Energy Agency (ARENA), on behalf of the Australian Government has announced a funding round of up to AUD 70 million to help fast track the development of renewable hydrogen […] Read more
We are Mulling to Further Increase Our Installation Capacity: Imaan Javan Updated On Sat, Nov 23rd, 2019 by Saurenergy We are looking forward for the instalment of another 2 MW by the end of this year and 5 MW by 2020. To facilitate this, we are recruiting more sales personnel, engineers and business developers. The future looks bright for solar industry, as new technologies are coming in this sector. From bio-solar cells, energy harvesting […] Read more
Debt-Ridden Suzlon Working on a Resolution Plan Updated On Thu, Nov 21st, 2019 by Saurenergy Suzlon Energy is working on a resolution plan and lenders have till January to work on a sustainable resolution plan before taking any extreme steps. Wind-turbine maker Suzlon Energy has confirmed that the company is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps. “The […] Read more
Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Neoen and Tesla to Expand World’s Largest Li-ion Battery System Updated On Tue, Nov 19th, 2019 by Saurenergy Neoen has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. Neoen, one of the world’s leading and fastest-growing independent producers of exclusively renewable energy, has announced a 50 percent expansion of its Hornsdale Power Reserve in South Australia that will be supported by Tesla. […] Read more
Pakistan Signs Deal for 560 MW of new Wind Energy Capacity Updated On Mon, Nov 18th, 2019 by Saurenergy Pakistan through its AEDB has signed implementation agreements with 11 wind IPPs for 560 MW of new wind energy capacity to serve the Pakistan grid. In the efforts to achieve greater energy security, the Government of Pakistan through it’s Alternative Energy Development Board (AEDB) has signed implementation agreements and guarantees direct agreements with 11 wind […] Read more
AIIB Sets Aside $75 mn Loan for Renewables Financing in India Updated On Mon, Nov 18th, 2019 by Saurenergy AIIB has ramped up its investments in India with a USD 75 million loan to boost private capital investment in renewable energy, power transmission, etc. The Asian Infrastructure Investment Bank (AIIB) has ramped up its investments in India with total in-country financing now standing at USD 2.9 billion. Two of its most recent projects—approved by […] Read more
