ADB Approves $100 Mn Facility For Renewable Power Projects in Pacific Updated On Fri, Apr 26th, 2019 by Saurenergy The Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees, and letters of credit to overcome constraints to private sector investment in renewable power projects in Pacific island countries. The ‘Pacific Renewable Energy Program’ will support an estimated 5 separate renewable energy projects in […] Read more
Tangedco Using GPS To Get Real Time Wind Energy Data Updated On Thu, Apr 25th, 2019 by Saurenergy Tangedco has started measuring wind power generation real time with the help of GPS over the last few months. GPS system has been installed in all windmills across the state and discom has been able to measure the power generation from a windmill without going to the spot. Earlier, the discom was using an assessor […] Read more
Azure Power to Get Compensation For Increase in Costs Due to Safeguard Duty Updated On Thu, Apr 25th, 2019 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) recently heard two petitions made by Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change in Law and had asked it for approval and determination of compensation for the increase in project cost following the imposition. In […] Read more
Tata Power Shifts Complete Focus to Renewable Energy, to Cease Building New Coal Plants: Report Updated On Wed, Apr 24th, 2019 by Saurenergy Utility ceases new coal-fired power development, creates a future based on renewables. One of the country’s largest private integrated power company, Tata Power has recently made it publicly clear that it will cease building new coal-fired capacity, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Tata Power: […] Read more
Touchdown – Solar Power Makes a Smooth Landing at Indian Airports Updated On Mon, Apr 22nd, 2019 by Saurenergy With over 100 operational airports, civil aviation in India has emerged as one of the fastest growing sectors in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world. India’s passenger traffic grew at 16.52 per cent year on year to reach a whopping […] Read more
Europe Invested EUR 27 Billion in New Wind Farms Last Year Updated On Mon, Apr 22nd, 2019 by Saurenergy Europe invested EUR 27 bn in new wind farms in 2018, which will finance a record amount of future new wind energy capacity. According to WindEurope’s annual Financing and Investment Trends report, the amount invested is similar to previous years. But, with cost reduction, especially in the offshore wind segment, the investments will finance a […] Read more
Nebraska-Based IPP Closes $302 Mn Financing For Wind Project in Missouri Updated On Sat, Apr 20th, 2019 by Saurenergy Vestas has been selected for supplying 111 wind turbines and providing maintenance services for the project. Leading Nebraska-based independent energy provider Tenaska has closed approximately $302 million (Rs 20 billion) in commercial financing for Tenaska Clear Creek Energy Center, a 242-megawatt (MW) wind project now under construction in Nodaway County in Northwest Missouri. “Tenaska has […] Read more
Duke Energy Contracts 14 Solar Projects Worth 602 MW in North Carolina Updated On Thu, Apr 18th, 2019 by Saurenergy Duke Energy will produce or purchase a total of 602 MW of renewable energy from projects under the North Carolina’s Competitive Procurement of Renewable Energy (CPRE) program. Bringing more cost-effective solar energy to the Carolinas, 14 utility-scale projects have been selected during an independently judged bidding process – part of a 2017 comprehensive renewable energy […] Read more
Hero Group & Azure Power Plan To Raise $500 Million Each Through Bond Sale Updated On Thu, Apr 18th, 2019 by Saurenergy Hero Group’s renewable energy arm and Azure Power are gearing up to raise $1 billion by selling bonds to overseas investors over the next few weeks in separate offerings, according to people briefed on the matter. Both the Delhi-based green power rivals are looking raise $500 million each and have appointed investment banks to underwrite […] Read more
