WAAREE Gets 500 Cr Credit Line for Solar Projects Updated On Thu, Sep 8th, 2022 by Saurenergy WAAREE Energies, India’s largest solar panel manufacturer, has entered into an agreement with the State Bank of India (SBI) for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). The credit line is for upto Rs 500 crores for […] Read more
Dramatic Solar Capacity Rise Across Asia; India’s Sprint Towards 2030 Goal Updated On Wed, Sep 7th, 2022 by Saurenergy As per US electricity think tank Ember, solar power is expected to experience exponential growth across five of Asia’s biggest economies, positioning the region to become a global hub of solar power. Ember made the revelation after an analysis of existing national power sector development plans across China, Japan, Indonesia, India and the Philippines. Findings […] Read more
US-Based Arevon Secures $400M Green Loan for Solar, Storage Portfolio Updated On Tue, Sep 6th, 2022 by Saurenergy To finance the development of a 6 gigawatt (GW) pipeline of solar and storage projects in the Midwest, Southeast, and California, Arevon Energy, a US based renewable energy leader, has obtained a $400 million green loan fund credit facility from the Canadian Imperial Bank of Commerce (CIBC) and KeyBank N.A. The timing of this fundraising […] Read more
SJVN Eyes 5000 MW Solar Power Projects in Punjab Updated On Mon, Sep 5th, 2022 by Saurenergy State-owned Satluj Jal Vidyut Nigam (SJVN), which has emerged as a pioneer in the development of renewable energy in India, is eyeing the development of about 5000 MW of green energy in the state of Punjab. In a recent move, SJVN’s Chairman & Managing Director Nand Lal Sharma met Bhagwant Mann, the Chief Minister of […] Read more
UAE Govt’s Masdar Announces Financial Close on Uzbekistan’s 500 MW Wind Project Updated On Mon, Sep 5th, 2022 by Saurenergy UAE-based global renewable energy developer Masdar has announced in Tashkent that it has achieved financial close on the 500 MW Zarafshan wind project in Uzbekistan, which is the country’s first utility-scale wind farm. Masdar entered into bilateral agreements with the Government of Uzbekistan in 2020 to develop, build and operate the Zarafshan wind farm, the […] Read more
The Bridge to 280 GW Of Solar. Corporate India Steps Up Updated On Thu, Sep 1st, 2022 by Saurenergy They have the money, resilience, and execution ability that can leave an indelible impact on India’s economy; but can the country’s corporates (C&I sector) open up a new growth engine for India’s solar movement? The time, it seems, has arrived. As always in India, among the stakeholders, there will be many who will want to […] Read more
CERC Sees Merit In SECI Plea Against Adani Green For 50 MW Wind Project Delay Updated On Wed, Aug 31st, 2022 by Saurenergy The Petition Adani Green has petitioned Solar Energy Corporation of India Limited (SECI) seeking extension of Scheduled Date of Commissioning (SCoD) of a project from January 3, 2020 to March 5, 2020 without the levy of liquidated damages by the respondent. The second respondent to the petition is Punjab State Power Corporation Limited (PSPCL), the […] Read more
ADB-Backed Bhutanese Solar Project Seeks Bidders For Solar PV Plant Updated On Fri, Aug 26th, 2022 by Saurenergy Through its Department of Renewable Energy, Bhutan’s Ministry of Economic Affairs has issued a request for proposals (RFP) for a 17.38 MW solar power plant that will be financed by an Asian Development Bank (ADB) loan and is open to bidders from all eligible source countries of the bank. The Sephu Solar PV Power Plant […] Read more
IREDA Inks MoU with Bank of India for Co-Lending for RE Projects Updated On Wed, Aug 24th, 2022 by Saurenergy To facilitate co-lending, co-origination, and loan syndication for renewable energy projects, The Bank of India (BoI) and the Indian Renewable Energy Development Agency Limited (IREDA) inks MoU (Memorandum of Understanding). IREDA is one of the earliest and largest renewables-focused financial institutions. The MoU will enable cooperation between IREDA and BoI on renewable energy initiatives including […] Read more
