Finance Minister Nirmala Sitharaman Launches ‘Women in Solar Energy’ Portal Updated On Wed, Nov 23rd, 2022 by Saurenergy Women should be at the center of energy transition and drive India’s renewable energy journey growth story, says India’s Finance Minister, Nirmala Sitharaman at the NSEFI’s (National Solar Energy Federation of India) ‘Women in Energy’ event. On November 21, 2022, The National Solar Energy Federation of India (NSEFI) hosted a conference on women in the […] Read more
Bank of Baroda, AEREM Collaborate for Rooftop Solar for MSMEs Updated On Tue, Nov 22nd, 2022 by Saurenergy The Indian Public Sector Banks (PSBs) are increasingly moving towards the cause of renewable energy expansion in the country. In a fresh development, Bank of Baroda (BoB), one of India’s leading public sector banks, has announced that it has entered into an alliance with Aerem Solutions Pvt Ltd (ASPL) and its subsidiary, Aerem Finance Pvt […] Read more
300 MW Solar Power Projects Planned By Punjab Govt Updated On Tue, Nov 22nd, 2022 by Saurenergy The state of Punjab’s administration has decided to put in place 300 MW worth of photovoltaic (PV) solar power installations. According to an official statement outlining the decision made at a high-level conference held recently, these projects comprise 100 MW floating solar PV power projects on reservoirs and lakes and 200 MW canal-top solar PV […] Read more
Tata Power Solar & Union Bank Collaborate to Finance Rooftop Solar for MSMEs Updated On Thu, Nov 17th, 2022 by Saurenergy One of India’s oldest and largest public sector banks, Union Bank of India (UBI) has partnered with Tata Power Solar Systems Limited (TPSSL) to support the MSME (Micro, Small, and Medium Enterprises) sector’s transition to solar energy (Finance Rooftop Solar). Tata Power Solar Systems Limited (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy […] Read more
EIB, AllianzGI Announce $100 Mn for Renewable Projects at COP27 Updated On Thu, Nov 17th, 2022 by Saurenergy The Emerging Market Climate Action Fund (EMCAF) has announced a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia. This commitment is in parallel to EIB Global, the dedicated arm for […] Read more
Germany’s Kfw, India’s SBI Ink EUR 150 million Pact for Solar Projects Updated On Fri, Nov 11th, 2022 by Saurenergy A financing arrangement for 150 million EUROS (EUR) has been reached by Kreditanstalt für Wiederaufbau (KfW) and the State Bank of India (SBI) to fund solar projects in India. Germany-based KfW finances investments and reform initiatives in a wide variety of sectors, including water supply, energy, and financial systems development. For the German Federal Ministry […] Read more
Prosus & South Pole Sign Deal with Innovative New Climate Finance Instrument Updated On Thu, Nov 10th, 2022 by Saurenergy Global technology investor Prosus and South Pole (top provider of climate solutions) have joined forces to use the new D-REC market tool to deliver distributed renewable energy projects in response to growing calls for greater corporate climate action at COP27. High social impact projects in South Africa and India will be their main priorities. Prosus […] Read more
Mosaic Surpasses $10 Billion in Loans Funded for Residential Solar, Sustainable Homes in US Updated On Thu, Nov 10th, 2022 by Saurenergy American fintech giant Mosaic has announced that it has surpassed $10 billion in loans funded through its platform. Mosaic is a leading financing platform for U.S. residential solar and energy-efficient home improvements. This double-digit milestone comes just seven weeks after announcing $9 billion in loans funded, showing accelerated growth for the clean energy fintech company. […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
