EMEC Secures $35 Mn For Floating Wind Project in North-West Europe Updated On Fri, Mar 22nd, 2019 by Saurenergy The project is led by the European Marine Energy Centre (EMEC) working in partnership with SEAI, SAIPEM and other organisations in France, Germany, Ireland, the Netherlands, and the UK. A EUR 31 million ($35 million) project has been approved for an ambitious four-year floating offshore wind project. Subject to consenting, it is planned that a […] Read more
ADB and LEAP Sign $18.7 Mn Loan Agreement For Financing 5MW Solar Plant in Mongolia Updated On Fri, Mar 22nd, 2019 by Saurenergy The loan agreement marks ADB’s first co-financing with LEAP in Mongolia’s renewable energy sector. The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15 MW […] Read more
723 GW of New Wind Capacity Expected in the Next Decade : WoodMac Updated On Fri, Mar 22nd, 2019 by Saurenergy Wood Mackenzie Power and Renewables ‘Global Wind Power Market Outlook Update: Q1 2019’ report predicts the additions of nearly 723 GW of new wind capacity in the decade leading up to 2028. According to the report, 50.2GW of new wind power was added globally in 2018, a 4% increase Year on Year (YoY) and the […] Read more
InfraCo Africa Signs $2.2 M Loan Agreements with Gigawatt Global Updated On Fri, Mar 22nd, 2019 by Saurenergy InfraCo Africa has signed $2.2 million convertible loan agreements with energy developer Gigawatt Global for the development of the Samburu Solar and Transmara Solar projects in Kenya. Each with a capacity of 10MWAC, the sister facilities will generate clean, reliable electricity in some of the poorest counties in the country. The financing committed by InfraCo Africa will […] Read more
AfDB Pledges $25 Bn to Climate Finance For 2020-25 Updated On Tue, Mar 19th, 2019 by Saurenergy Key Bank projects include the co-financing of the 510 MW Ouarzazate Solar Complex in Morocco, one of the largest solar complexes in the world. The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said […] Read more
India Ranks 4th in the World by Wind Energy Capacity Updated On Mon, Mar 18th, 2019 by Saurenergy According to a recent report by power-technology.com, India with 35 GW of installed wind capacity is fourth in the list of top 10 countries in the world by wind energy capacity. The report further adds that China, the only other Asian country to make it in the list, topped the chart with 221 GW of […] Read more
Gujarat’s Troubles with SKY Scheme a Lesson For all State Governments Updated On Fri, Mar 15th, 2019 by Saurenergy 2018 saw a slew of state governments announce solar power schemes that would generate additional income for their farmers. There are many challenges to making this work on the ground, as the Gujarat Example shows. It was back in June 2018 that the Gujarat government launched its Suryashakti Kisan Yojana or SKY scheme. The scheme […] Read more
World Bank and AfDB Commit $ 47 billion For African Climate Finance Updated On Fri, Mar 15th, 2019 by Saurenergy The World Bank and the African Development Bank have together committed close to $47 billion to African countries, for the period up to 2025 to fight climate change. In a significant announcement to provide much-needed financing for African countries likely to face the increasing effect of climate change, the funds’ pipe from the World Bank […] Read more
Maharashtra Issues Tender For 184 MW Solar Projects for AG Feeders Updated On Wed, Mar 13th, 2019 by Saurenergy The last date for bid submission is April 16, 2019. The Maharashtra State Power Generation Company Limited (MAHAGENCO) has issued a tender inviting online bids for the development of 184 MW of grid-interactive solar PV power plants at various locations in the state. The successful bidder will also have to provide operations and maintenance (O&M) for 25 […] Read more
