EverSource Closes India’s Largest Climate Impact Fund at US$ 741 million Updated On Tue, Jan 18th, 2022 by Saurenergy EverSource Capital (EverSource) has completed the final close of India’s largest climate impact fund, Green Growth Equity Fund (the Fund), at US$ 741 million, making GGEF one of the largest single-country funds focused on Climate change, Mitigation and Adaptation in the emerging markets. EverSource is investing to combat climate change by focusing on the decarbonization of energy and resource […] Read more
GIP Invests $500 M in BrightNight’s Innovative RE Solutions Updated On Thu, Jan 13th, 2022 by Saurenergy Global Infrastructure Partners (GIP), together with its co-investors, announced that it has closed on a $500 million investment in renewable independent power producer (IPP) BrightNight. BrightNight aims to provide next generation power solutions by combining multiple renewable energy technologies and thereby enabling its customers to accomplish deeper decarbonization of their generation portfolio. The company’s development […] Read more
Rajasthan Farmers to Get Collateral-free Loan to Install Solar Plants Updated On Wed, Jan 12th, 2022 by Saurenergy Farmers in Rajasthan will now be able to acquire loans from banks without depositing any collateral (security) for solar plants ranging from half a kilowatt to two megawatts on barren and waste land under PM Kusum yojana, according to recent media reports. Farmers who wish to build the plant will no longer have to mortgage […] Read more
Tata Power Tops Among India Power Utilities In S&P’s CSA Scores Updated On Fri, Jan 7th, 2022 by Saurenergy Tata Power, one of India’s largest integrated power companies, secured the highest score among its peers in the Indian Power sector in S&P Global’s recently released Corporate Sustainability Assessment (CSA) results. ESG parameters are becoming increasingly relevant as markets across the world start to consider these for critical issues such as financing. Tata Power has […] Read more
Consultancy Tender for 2 GW Solar Park In Rajasthan from RRVUNL Updated On Thu, Jan 6th, 2022 by Saurenergy In a tender issued via a letter dated Dec 29, 2021, the Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RRVUNL) has released a tender seeking consultants to provide consultancy services for the development of a 2000 MW solar park in Rajasthan’s Bikaner district. The tender also covers the installation of an 810 MW solar project at […] Read more
EU Leaning Towards Controversial Move To Label Gas, Nuclear ‘Green’ Updated On Wed, Jan 5th, 2022 by Saurenergy The European Union has drawn up plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The decision is widely blamed on the continent’s high dependence on gas, and a controversial decision by key member countries, especially the UK and […] Read more
Sterling and Wilson Renewable Energy Limited Welcomes Reliance As Promoter Updated On Tue, Jan 4th, 2022 by Saurenergy In a formal confirmation of its deal with Reliance New Energy Solar (RNESL), Sterling and Wilson Renewable Energy Limited (SWREL) has announced the completion of transactions that enables the Reliance group to join as promoter group. This has happened after the Reliance group paid the balance Rs 1583 crore for the buyout of 25.90 percent […] Read more
Solar Plants to Spring Up in Former Coal Mining Land in Appalachia Updated On Mon, Jan 3rd, 2022 by Saurenergy While using former coal mining land to generate solar energy has long been discussed, six new projects are the first ones to move forward in the coalfields of the central Appalachian Mountains, U.S., as well as nationally. Backers say the projects could help make waste land productive and boost economic fortunes in the local area, […] Read more
BPCL Signs Pact with SECI to Install 10GW RE Capacity by 2040 Updated On Mon, Dec 27th, 2021 by Saurenergy Fuel retailer Bharat Petroleum Corporation (BPCL) announced it has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI) to set up 10 Gigawatt (GW) of renewable energy capacity by 2040. The move is also significant in that BPCL has been marked out for disinvestment or complete privatisation by the government, in […] Read more
