Nuru Gets $40 Million For Delivering Solar In Power Starved DRC Updated On Tue, Jul 4th, 2023 by Saurenergy Nuru, one of Africa’s pioneering renewable energy-powered metrogrid companies, has announced the successful close of over $40m in Series B equity funding and anticipates the close of an additional $28m in project finance by the end of the month. The funds will enable Nuru to commence construction on 13.7 MWp of projects, expanding its existing […] Read more
Europe’s Solar Firm Alight Signs PPA With Axfood To Build Sweden’s Largest Solar Park Updated On Wed, Jun 21st, 2023 by Saurenergy Europe’s solar developer and Independent power producer Alight and food retail group Axfood have signed a Power Purchase Agreement (PPA) to build Sweden’s largest solar park threefold. The scale of the solar park unlocks the possibility of using non-recourse project financing for the first time, signaling a shift in the feasibility of large-scale solar in […] Read more
Poor Policy Shackling Pakistan’s Solar Potential: IEEFA Updated On Fri, Jun 16th, 2023 by Saurenergy Innovating Pakistan’s power purchase agreements (PPA) for renewable projects, and offering price stability to de-risk the market, are crucial to restore investor confidence, according to a new report authored by Haneea Isaad, an Energy Finance Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA). The new report analysed the efficacy of incentives available […] Read more
Waaree Renewable Technologies Bags 6.5 MWp(DC)/ 5 MW(AC) EPC Project in Chhattisgarh Updated On Tue, Jun 13th, 2023 by Saurenergy Renewable energy EPC firm, Waaree Renewable Technologies Ltd has been awarded an Engineering, Procurement, and Construction (EPC) contract for a solar power project by energy arm of India’s leading steel and power conglomerate. The firm has secured the EPC contract for a 6.5 MWp (DC)/ 5 MW (AC) solar power project in Chhattisgarh. The project […] Read more
Real Estate Developer Gaurs Group Sets Up First 15 MW Solar Project Updated On Tue, Jun 6th, 2023 by Saurenergy Real estate developer Gaurs Group has entered into the energy sector and marked the foray with the establishment of a 15 MW solar project at Mahoba, Uttar Pradesh. An investment worth INR 70 cr has been made into the said project, which spreads to an area of 50 acres. As per the company statement, the […] Read more
NTPC Green, UPRVUNL Sign Pact To Develop Floating Solar, RE Parks Updated On Thu, Jun 1st, 2023 by Saurenergy NTPC Green Energy Limited recently signed a pact with the Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to develop renewable energy parks, floating solar, and other solar projects in Uttar Pradesh through a collaborative approach. The green arm of the NTPC said that the move would likely boost the company to facilitate the Indian […] Read more
Nexamp Secures $400 Million for Community Solar in Six US States Updated On Thu, Jun 1st, 2023 by Saurenergy Boston based national clean energy provider Nexamp has announced over $400 million in tax equity and debt commitments led by US Bancorp Impact Finance and Mitsubishi UFJ Finance Group (MUFG). The funds will support the creation of 49 solar power and battery storage projects in six US states. The renewable energy projects will come up […] Read more
Europe’s SOLEK Closes $379 Million Financing for Chile Solar Projects Updated On Thu, Jun 1st, 2023 by Saurenergy European renewable energy firm SOLEK has closed a $379 million financing for its portfolio in Chile, consisting of solar photovoltaic utility-scale and PMGD (Small Means of Distributed Generation projects in chile). The solar power projects will come up in the Central Region. SOLEK claims to be a fast-growing company in the renewable energy sector. It […] Read more
Natixis CIB Closes $364m Financing For Chilean Solar Projects Updated On Wed, May 31st, 2023 by Saurenergy Natixis Corporate & Investment Banking (Natixis CIB) has closed a $364 million financing for a portfolio of a solar PV utility-scale and PMGD plants in Chile. These solar projects are owned and operated by Solek Holding and the portfolio has a combined capacity of about 284-MWdc. Natixis CIB acted as sole debt structuring advisor for […] Read more
