Adani Green Raises $1.35 Bn for 1.69 GW of Solar, Wind Assets in Rajasthan Updated On Thu, Mar 18th, 2021 by Saurenergy Adani Green Energy has successfully raised USD 1.35 billion to initially finance a 1.69 GW portfolio of solar and wind projects in Rajasthan. Adani Green Energy Limited (AGEL) has announced that it has successfully raised a USD 1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of […] Read more
Ayala Backed Sitara Solar Achieves Financial Closure for 100 MW Rajasthan Project Updated On Mon, Mar 15th, 2021 by Saurenergy Sitara Solar, backed by the Philippines based Ayala Solar subsidiary AC Energy and UPC Renewables China Holding, has announced financial closure for its 100 MW project in Rajasthan. The firm had won the project in SECI’s 750 MW solar auction just over a year back, by bidding at a price of Rs 2.48/KwH. The project […] Read more
Nexamp Secures $440 Million in Debt Financing for Solar and Energy Storage Portfolio Updated On Tue, Mar 9th, 2021 by Saurenergy Largest financing deal ever for community solar assets, a model that provides equitable access to clean energy Nexamp, Inc., a leading renewable energy generator and community solar provider, has closed a $440 million senior secured credit facility for a 380-megawatt portfolio of solar and energy storage assets, the largest debt financing of its kind. The diverse portfolio […] Read more
Canadian Solar Completes 61 MWp Solar Portfolio Sale in Japan Updated On Tue, Mar 9th, 2021 by Saurenergy Canadian Solar Inc. announced today that it has completed the sale of two operational projects totaling 61 MWp to Canadian Solar Infrastructure Fund for JPY 30.6 billion (approximately US$283 million). To finance the acquisition of the 53 MWp Oita Hiji-machi and 8 MWp Miyagi Ogawara projects, CSIF recently completed an international public offering and raised over JPY 18 billion (US$166 […] Read more
AfDB Approves $27 Mn Loan to Establish 200 MW Solar Plant in Egypt Updated On Mon, Mar 8th, 2021 by Saurenergy The African Development Bank’s Board of Directors today approved $27.2 million in loan financing for the design, construction and operation of a 200 MW photovoltaic solar power plant at Kom Ombo, in Upper Egypt on the river Nile. The project is expected to lower electricity costs for businesses and residences, as well as reducing greenhouse […] Read more
Tata Power DDL Launches Live P2P Solar Energy Trading Pilot in Delhi Updated On Wed, Mar 3rd, 2021 by Saurenergy The first live solar energy trading project has been launched in Delhi, spearheaded by Tata Power DDL and Australian tech firm Power Ledger India’s rapid adoption of renewable energy has been bolstered with the rollout of the first live solar energy trading project in Delhi, spearheaded by Tata Power DDL, a leading power distribution utility serving a populace […] Read more
450 MW Solar Plant In Johar State To Be Largest In Malaysia Updated On Tue, Mar 2nd, 2021 by Saurenergy The Sultan of Malaysia’s Johar State announced the development of a 450 MW solar PV power plant in the Pengerang municipal area. The development of a 450 MW solar PV power plant under the 2030 Johor Sustainable Development Plan has been announced by Ibrahim Ibni Almarhum Sultan Iskandar, the Sultan of the Johar state in Malaysia. […] Read more
MSMEs Should Avail Concessional Debt Finance to Install Rooftop Solar: Gadkari Updated On Mon, Mar 1st, 2021 by Saurenergy Nitin Gadkari has invited MSMEs to look at accessing concessional debt finance to install rooftop solar systems to improve business efficiency Union Minister of Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways Nitin Gadkari has invited MSMEs in India to look at accessing concessional debt finance to install rooftop solar systems to improve their business efficiency. […] Read more
No Concessional Custom Duty on Imported Items for Initial Setting up of Solar Plants Updated On Mon, Mar 1st, 2021 by Saurenergy MNRE will be discontinuing the benefit of Concessional Custom Duty for items imported for the initial setting up of solar projects The Ministry of New and Renewable Energy (MNRE) has notified that it will be discontinuing the benefit of Concessional Custom Duty in respect of items imported for the initial setting up of solar power […] Read more
