Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018 Updated On Mon, Jun 17th, 2019 by Saurenergy A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […] Read more
Vattenfall Issues its First Green Bond Worth EUR 500 Mn Updated On Sat, Jun 15th, 2019 by Saurenergy In line with the company’s investments in fossil-free energy and climate-smart solutions, Vattenfall has for the first time issued a green bond. In line with the company’s investments in fossil-free energy and climate-smart solutions, Vattenfall has for the first time issued a green bond. The size of the bond issue is EUR 500 million, with […] Read more
Siemens Gamesa Commissions Heat-Based Energy Storage Project Updated On Fri, Jun 14th, 2019 by Saurenergy Siemens Gamesa Renewable Energy has begun operation of its electric thermal energy storage system, to store large quantities of energy cost-effectively Siemens Gamesa Renewable Energy (SGRE) has begun operation of its electric thermal energy storage system (ETES). The innovative storage technology makes it possible to store large quantities of energy cost-effectively and thus decouple electricity […] Read more
WB Grant For China RE and Battery Storage Promotion Project Updated On Thu, Jun 13th, 2019 by Saurenergy The World Bank has approved a $300 million loan for the China Renewable Energy and Battery Storage Promotion Project to increase RE adoption and transition The World Bank’s Board of Executive Directors have approved a $300 million loan for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilisation of […] Read more
In New Innings, MNRE Minister Alive To Payments Issue For RE Producers Updated On Wed, Jun 12th, 2019 by Saurenergy The statement by the Power and New and renewable energy minister R K Singh that the government is building a payment security mechanism to protect developers from delays on generation payments is to be welcomed, as it shows a rightful recognition of a key issue plaguing the sector. A pricing squeeze of the sort the […] Read more
Govt Planning To Open 50-GW Battery Manufacturing Tenders Updated On Tue, Jun 11th, 2019 by Saurenergy Two months after the cabinet okayed the National Mission on Transformative Mobility and Battery Storage, the govt is in the process to open tenders to set up 50-GW battery manufacturing base in India The government is planning to issue tenders inviting companies to set up 50-GW battery manufacturing base in India soon. This will form […] Read more
Greece Launches Europe’s Second Renewable Hybrid Power Project Updated On Fri, Jun 7th, 2019 by Saurenergy The Greek Island Ikaria became home to the second hybrid project in Europe after a long wait of more than 3 decades Greece’s Public Power Corp (PPC) has launched Europe’s second hybrid renewable energy park, combining wind and hydraulic power, on the island of Ikaria. The first hybrid plant was launched in 1983 on Kythnos […] Read more
Greenko Raises $495 Mn in Funding For 2.4 GW of Storage Projects Updated On Fri, Jun 7th, 2019 by Saurenergy Greenko Energy has announced the signing of definitive agreements for a primary equity raising of $495 mn from an affiliate of GIC and ADIA. Greenko Energy Holdings, one of India’s leading renewable energy companies, has announced the signing of definitive agreements for a primary equity raising of $495 million (mn) from an affiliate of GIC […] Read more
ESB Issues €500 Mn Green Bond For Financing Clean Energy Projects Updated On Thu, Jun 6th, 2019 by Saurenergy ESB, a leading Irish diversified and vertically integrated utility, has successfully placed a €500 million 1.125% fixed-rate green bond Electricity Supply Board (ESB), a leading Irish diversified and vertically integrated utility, has successfully placed a €500 million 1.125% fixed-rate green bond maturing in June 2030. The bond is the first ever Irish corporate public green […] Read more
