ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India Updated On Wed, Jan 18th, 2017 by Saurenergy ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […] Read more
Tata Power Become Largest Renewable Energy Company In India with 3,060 MW operating capacity Updated On Tue, Jan 17th, 2017 by Saurenergy The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations. Tata Power announced that the Company’s total generation from non-fossil operating capacity stands at 3060 MW, making it the largest renewable energy Company in India. The company’s renewable energy portfolio comprises of 693 MW of Hydro, […] Read more
Four renewable energy projects in developing countries identified by ADFD and IRENA to receive $ 44.5 million funding Updated On Mon, Jan 16th, 2017 by Saurenergy ADFD’s funding will support a diverse set of renewable energy projects including a hybrid micro-grid project employing solar PV and advanced lithium-ion batteries, a hydropower project, integrated wind and solar, and a combination project consisting of micro-grid and solar home kits. Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) has […] Read more
Mitsubishi Corporation and AES to develop India’s First Grid-Scale Solar Energy Storage Array Updated On Fri, Jan 13th, 2017 by Saurenergy AES and Mitsubishi Corporation to deliver India’s First Grid-scale Solar Energy Storage Array to Tata Power AES India, a subsidiary of The AES Corporation and Mitsubishi Corporation has announced a joint partnership agreement to deliver India’s first grid-scale energy storage array to the electric grid operated by Tata Power Delhi Distribution Limited (Tata Power-DDL). AES and Mitsubishi […] Read more
Tata Power Renewable Energy commissions a 49MW Solar Power Plant in Tamil Nadu Updated On Thu, Jan 12th, 2017 by Saurenergy A 49MW Solar Power Plant commissioned by Tata Power Renewable energy at Kayathar is ready for operation. Tata Power Renewable Energy Ltd has announced the commissioning of 49MW solar power plant at Kayathar, Tamil Nadu. The operating renewable energy capacity of the company, a unit of Tata Power, has reached 1,876 mw, comprising 915MW of […] Read more
Duke Energy Florida to build solar power plant in Suwannee County Updated On Thu, Jan 12th, 2017 by Saurenergy Duke Energy announced the location of its newest universal solar power plant, which will provide cleaner, smarter energy solutions for Florida customers. It will be built on 70 acres near Live Oak, Fla., just east of the existing Suwannee River Power Plant. The new Suwannee Solar Facility will produce 8.8 megawatts (MW) of carbon-free energy, […] Read more
Altenex Revolutionizes Renewable Energy Purchasing with PowerBloks Updated On Wed, Jan 11th, 2017 by Saurenergy Altenex, an Edison Energy company, today announced the availability of PowerBloks – a first-of-its-kind renewable energy power purchase agreement (PPA) structure for commercial, industrial and institutional electricity users. PowerBloks is specifically designed to meet the needs of large and mid-size energy users by providing smaller and shorter duration renewable capacity offtake. The result is a […] Read more
Developments in the Renewable Energy Sector Updated On Wed, Jan 11th, 2017 by Saurenergy The renewable energy sector is getting stronger, and becoming a prominent component of our energy infrastructure. One reason for the increasing popularity of green energy is that is becoming cheaper to produce. Michael Liebreich, chairman of the advisory board for Bloomberg New Energy Finance (BNEF) said that recent solar and wind auctions in Mexico and […] Read more
China takes Global Lead in Renewable Energy Investments Updated On Sat, Jan 7th, 2017 by Saurenergy China’s overseas investment in renewable energy projects jumped last year by 60 percent to a record $32 billion (30 billion euros), marking its leadership in the global market for clean energy, as reported on IEEFA. In 2016, China finalized 11 foreign deals worth more than a billion dollars each, and is expected to pick up […] Read more
