World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
EverSource Capital and NIIF to Invest $330 Mn in CDC’s Ayana Renewable Power Updated On Fri, Mar 1st, 2019 by Saurenergy This investment is a part of CDC’s commitment to invest a further $ 1.7 billion in India and neighbouring countries over the next three years. EverSource Capital (a joint venture between Everstone Capital and Lightsource BP) and the National Investment and Infrastructure Fund of India (NIIF) have announced a partnership with UK-based Finance Institution CDC […] Read more
Siemens Gamesa Signs 48 MW Wind Turbine Agreement in Bosnia Updated On Thu, Feb 28th, 2019 by Saurenergy The deadline for commissioning the project is 21 months and the expected annual production is from the wind farm upon completion is around 130 GWh. Siemens Gamesa has signed a $78.4 million agreement with the Bosnian public electric utility company (EPBiH) to supply 15 wind turbines for a future wind farm. The wind power company […] Read more
EIB and Banco Santander to Provide €50 Mn to Improve Energy Efficiency Updated On Wed, Feb 27th, 2019 by Saurenergy The EIB-Santander credit line is part of the energy efficiency financing instrument funded by the European Commission to promote sustainable investments contributing to climate action. The European Investment Bank (EIB) and Santander España are providing businesses and the self-employed with a credit line – including EUR 50 million of EIB funds – for professional projects improving […] Read more
Spain’s Iberdrola Steps Up Plans With Euro 34 Bn Investment Planned by 2022 Updated On Tue, Feb 26th, 2019 by Saurenergy 47% of the overall amount (Euro 16 billion) will be invested in Networks and 39% (Euro 13.3 billion) in Renewables. Generation and Supply will receive 11% of the total (Euro 3.8 billion). Iberdrola is stepping up global growth with investment rising to Euro 34 billion in the 2018-2022 period. This breakthrough means an upward revision from […] Read more
Fitch Ratings Assigns BB(EXP) Rating to ReNew’s USD Notes Updated On Sat, Feb 23rd, 2019 by Saurenergy Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II. Fitch Ratings has assigned an expected rating of ‘BB (EXP)’ to the proposed US dollar fundraising of ReNew RG II, which is a restricted group of subsidiaries owned by ReNew Power Ltd. “The rating of the proposed notes reflects […] Read more
EESL & BRPL to Launch Super-Efficient Air Conditioning Programme Updated On Sat, Feb 23rd, 2019 by Saurenergy EESL and BSES have joined hands to implement a 12-month pilot of the Super-Efficient Air Conditioning programme. Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has launched its Super-Efficient Air Conditioning Programme for residential and institutional consumers in the BSES area. EESL […] Read more
Wish List for The Final 2019 Budget Updated On Fri, Feb 22nd, 2019 by Saurenergy In a year when the country heads for general elections, the renewable sector has reason to look forward to a good final budget, from whoever comes to power. This is because the renewables sector has been an undisputed success story for India, and no government should be doing anything to slow it down. For the […] Read more
Wind Now Provides 14% of Europe’s Electricity Updated On Fri, Feb 22nd, 2019 by Saurenergy Wind energy provided 14% of the EU’s electricity last year, up from 12% in 2017, according to statistics released by WindEurope. Wind power capacity rose in Europe by 11.3 GW in 2018. Continued growth in capacity and the use of more powerful turbines are helping to drive up wind’s share in the electricity mix. Denmark […] Read more
