CAG Calls out West Bengal for Failing to Create Green Energy Fund Updated On Thu, Jul 18th, 2019 by Saurenergy West Bengal failed to create a Green Energy Fund under the renewable energy policy of the government, CAG said in its audit report. West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, […] Read more
EIB, ICO and Iberdrola Sign Green Financing Deal for Europe’s Largest PV Plant Updated On Wed, Jul 17th, 2019 by Saurenergy EIB and ICO will finance the development of the 500 MW Núñez de Balboa PV power plant, which Iberdrola is currently building in Extremadura, Spain. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) will finance the development of the Núñez de Balboa photovoltaic power plant, which Iberdrola is currently building in Extremadura, Spain. […] Read more
India’s Renewable Workforce has Grown 5-Fold Since 2015: Report Updated On Tue, Jul 16th, 2019 by Saurenergy A new report by CEEW has revealed that India’s renewable energy workforce has grown five-fold in the past five years to over 100,000 workers in 2019. A new report has revealed that India’s renewable energy workforce has grown five-fold in the past five years. In 2019, nearly 100,000 workers are employed in the solar and […] Read more
Government to pay Damages to Consumers for Load Shedding Updated On Mon, Jul 15th, 2019 by Saurenergy R K Singh has confirmed that the aim of the Government is to have “One Nation One Grid” and that it will pay damages to consumers in case of load shedding. Union Minister for Power and New and Renewable Energy, R K Singh has said that the aim of the government is to have “One […] Read more
Green Energy Investments Drop in First Half of 2019: Report Updated On Fri, Jul 12th, 2019 by Saurenergy According to a new report, the global investments in green energy projects in the first half of 2019 were $117.6 billion, a drop of 14 percent from the 2018 figure. The first half of 2019 saw a 39 percent drop in green energy investments in the world’s biggest market, China, to $28.8 billion, the lowest […] Read more
EIB, Amundi Launch €1Bn Financing Program for European Energy Transition Updated On Wed, Jul 10th, 2019 by Saurenergy Amundi and EIB have signed a partnership agreement to launch the Green Credit Continuum investment programme with the goal to speed up the energy transition. With a view to deploying the new financing needed to meet the Paris Agreement targets in the EU, European asset management leader Amundi and EU green bond pioneer the European […] Read more
Union Budget Envisions India as Global Hub for Manufacturing EVs Updated On Fri, Jul 5th, 2019 by Saurenergy The Union Budget has outlined various proposals for boosting manufacturing of EVs and developing India as a global hub. The Union Budget has outlined various proposals for giving a boost to the manufacturing of electric vehicles (EVs) and developing India as a global hub for the same. Finance Minister Nirmala Sitharaman has presented the union […] Read more
PFC Raises $ 300 Million Through Syndicated Loans Updated On Thu, Jul 4th, 2019 by Saurenergy PFC raises $ 300 million through a three-year syndicated loan from SBI, Honk Kong and MUFG Bank, Singapore. The Power Finance Corporation (PFC), a state-owned non-banking financial company (NBFC) that funds power sector projects has announced that it has raised $ 300 million through a three-year syndicated loan from the State Bank of India, Honk […] Read more
EBRD Grants €18 Mn Loan For Kosovo’s First Wind Farm Updated On Fri, Jun 28th, 2019 by Saurenergy EBRD is supporting the wind farm at Kitka in the east of Kosovo with an €18 million loan. Kosovo, which relies for its energy on coal, will benefit from a cleaner, more reliable energy from the first large-scale wind farm in the country. The European Bank for Reconstruction and Development (EBRD) is supporting the wind […] Read more
