Norway’s GPFG Sovereign Fund Permitted to Invest $14Bn in Unlisted Renewables Updated On Sat, Apr 6th, 2019 by Saurenergy The Government is allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure under the dedicated environmental mandates. Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), the world’s largest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind power plants and solar […] Read more
Global Solar PV Market To Reclaim Double-Digit Growth, India Falls behind Updated On Fri, Apr 5th, 2019 by Saurenergy The latest IHS Markit’s Report on Solar sector says this revived growth is coming mainly from markets outside of China, which are forecast to rise by 43% in 2019 but USA will overtake India to once again become the second-largest PV market. The global solar PV market is set to bounce back from single-digit growth […] Read more
$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments Updated On Fri, Apr 5th, 2019 by Saurenergy The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […] Read more
India Should Evaluate BESS as a Viable Storage Tech Updated On Thu, Apr 4th, 2019 by Saurenergy The US-India Strategic Partnership Forum (USISPF) has said that grid-connected battery-based energy storage system (BESS) should be evaluated more actively as a commercial storage technology for grid services, as it offers superior performance and a declining price trend in the future. “In the 21st century, India’s symbol of national pride should be its grid that […] Read more
Nordex Group Bags Another Major Order For its N149 Turbine in Australia Updated On Wed, Apr 3rd, 2019 by Saurenergy The expected volume of electricity to be produced by the wind farm equates to the annual consumption of some 115,000 households and is equivalent to a saving of 532,000 tons of toxic CO2 per annum. Nordex Group has been awarded a contract to supply and install 35 wind turbines for the Mortlake South Wind Farm […] Read more
Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
Sydney Sets 100% Renewables Target For 2030 Updated On Mon, Apr 1st, 2019 by Saurenergy The city of Sydney has set an ambitious target of meeting 100 percent of its energy demands from renewable energy sources. “With our energy supply contract set to expire at the end of this year, we’re diving head first into Sydney’s renewable future by increasing our renewable electricity target from 50% to 100%,” a statement […] Read more
India Signs MoU to Share Bolivia’s Vast Lithium Deposit Updated On Mon, Apr 1st, 2019 by Saurenergy Both sides agreed to work together for exploration and extraction of the vast Lithium deposits of Bolivia. Lithium is a key resource used in making batteries that India needs for its clean technology initiatives such as increased use of electric cars. India after signing a Memorandum of Understanding (MoU) with Bolivia, has leveraged its way […] Read more
SLDC Can’t Cut Down Renewable Power Per Convenience : TNERC Updated On Mon, Apr 1st, 2019 by Saurenergy TNERC outlined these findings in a petition regarding stopping issuance of backing down or curtailment instructions to solar projects. In a significant move for the energy sector, the Tamil Nadu Electricity Regulatory Commission (TNERC) has stated that State Load Dispatch Centre (SLDC) cannot curtail renewable power at their convenience, adding that backing down of the “Must Run Status” power shall […] Read more
