responsAbility Partners with Pune-Based Electronica to Expand Green Lending Facility Updated On Thu, Apr 18th, 2019 by Saurenergy Through this green bond issuance, EFL plans to diversify its product offering and to expand into financing solar PV for the commercial and industrial markets. Swiss impact investment institute, responsAbility has partnered with Pune-based non-banking finance company Eletronica Finance (EFL) to issue green Masala Bonds for expanding EFL’s energy efficient machinery lending portfolio for small […] Read more
Vestas to Acquire Minority Stake in Renewable Project Developer Sowitec Updated On Mon, Apr 15th, 2019 by Saurenergy The acquisition is expected to be finalised during the second quarter of 2019 and will have no significant impact on Vestas earnings. To support Vestas’ strategy and increase its capability to partner with its customers in project development in selective markets, Vestas has announced the acquisition of a 25.1 percent minority stake in Sowitec with […] Read more
Petronas Forays into Renewable Energy with Acquisition of Amplus Energy Updated On Mon, Apr 15th, 2019 by Saurenergy Malaysia’s Petronas has acquired Amplus Energy Solutions, marking the Oil and Gas majors international foray into renewable energy. Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd, a […] Read more
SECI Struggles with Implementation, 3rd Extension For 97.5 MW Rooftop Scheme Updated On Mon, Apr 15th, 2019 by Saurenergy The last date for submissions has been extended to April 30, 2019. The Solar Energy Corporation of India (SECI) has extended the deadline for submission of bids on its 97.5 MW grid-connected rooftop solar PV system scheme for government buildings, for the second time in the last 7 days. On April 9, 2019, the nodal […] Read more
HPPC Ordered to Follow Latest MNRE Competitive Bidding Guidelines Updated On Thu, Apr 11th, 2019 by Saurenergy HPPC has been ordered to follow the latest competitive bidding guidelines issued by MNRE for procurement of power from solar power projects. The Haryana Power Purchase Centre (HPPC) has been ordered by the Haryana Electricity Regulatory Commission (HERC) to follow the latest competitive bidding guidelines issued by the Ministry of New and Renewable Energy (MNRE) […] Read more
Deep Electrification Powered by Renewables Key for a Climate-Safe Future: Report Updated On Wed, Apr 10th, 2019 by Saurenergy A new report by the International Renewable Energy Agency (IRENA) charts pathways to further accelerate energy transformation which meets climate objectives while creating jobs and fostering economic growth. As the urgency to take bold climate action grows, the new analysis revealed that scaling-up renewable energy combined with electrification could deliver more than three-quarters of the […] Read more
Saudi Arabia Tipped to Become Largest Wind Market in the Middle East Updated On Tue, Apr 9th, 2019 by Saurenergy A new report has highlighted that Saudi Arabia is set to become the largest market for wind power in the Middle East by early 2020s. According to the report ‘Middle East Wind Power Market Outlook, 2019-2028’, recently released by consultancy firm Wood Mackenzie, developers in Saudi Arabia are expected to build 6.2GW of wind capacity […] Read more
Doublet Module – The Magic of Two! Updated On Sat, Mar 30th, 2019 by Saurenergy With the widespread adaptation of solar energy in early 21st century, it was clear that solar photovoltaic (PV) shall be the next big source of energy in world’s energy mix. While its advantages were obvious, the global energy market started seeking out a more superior PV module. Efforts were made in almost all the field, […] Read more
Industry Roadblocks May Halt Renewable Energy Growth Juggernaut Updated On Fri, Mar 29th, 2019 by Saurenergy Renewable energy saw a significant boost globally in the past few years on the back of rising awareness about trimming the effects of climate change and global warming. Moreover, many countries globally, including India, are taking an active part in increasing the share of renewables, especially, solar in their energy mix. However, there are many […] Read more
