ADB Grants $22 mn for Solar Plus Storage Project in Nauru Updated On Mon, Sep 30th, 2019 by Saurenergy ADB has granted USD 22 million to Nauru to fund the delivery of sustainable solar energy to help meet the socio-economic development needs of the country The Asian Development Bank (ADB) and the Government of Nauru have signed a USD 22 million grant for a project that will fund the delivery of reliable, affordable, secure, […] Read more
Modi Announces $150 mn LOC for Pacific Island Nations to Undertake RE Projects Updated On Thu, Sep 26th, 2019 by Saurenergy Narendra Modi has announced a USD 150 million LOC to the group of Pacific island nations for undertaking renewable energy and climate-related projects Prime Minister Narendra Modi has announced a USD 150 million line of credit (LOC) to the group of Pacific island nations for undertaking solar, renewable energy and climate-related projects based on their requirement. […] Read more
MNRE Awards 4 Grants in 2nd Round of PACEsetter Fund Updated On Mon, Sep 23rd, 2019 by Saurenergy MNRE recently awarded grants to the four projects selected in the second round of PACEsetter fund programme. The Ministry of New and Renewable Energy (MNRE) has recently announced that it has awarded grants to the four projects selected in the second round of PACEsetter fund programme. The PACEsetter fund was constituted by India and the USA in […] Read more
Azure Power Planning to Issue a USD 350 Million Green Bond Updated On Thu, Sep 19th, 2019 by Saurenergy Azure Power will issue a USD 350 million green bond offering, to use the proceeds to refinance existing indebtedness. Azure Power Solar Energy, a wholly-owned subsidiary of Azure Power Global, a leading independent solar power producer in India, will issue a USD 350,101,000 green bond offering, maturing in 2024 with an expected US Dollar coupon […] Read more
Siemens Gamesa Begins Negotiations for Senvion’s European Assets Updated On Mon, Sep 16th, 2019 by Saurenergy Siemens Gamesa has won the exclusive rights to negotiate the acquisition of selected services and onshore assets in Europe from Senvion. Siemens Gamesa Renewable Energy has announced that it has won the exclusive rights to negotiate the acquisition of selected services and onshore assets in Europe from debt-laden German wind turbine maker Senvion SE. Senvion […] Read more
Evolution II Fund Reaches Final Close at $216 Million Updated On Mon, Sep 16th, 2019 by Saurenergy Inspired Evolution has secured additional commitments, to reach total capital commitments of USD 216 million at the final closing of its Evolution II Fund. Investment management business, Inspired Evolution has secured a further USD 87.75 million in commitments from CDC Group, Cyane Holdings, the European Investment Bank, KLP Norfund Investments, Morgan Stanley Alternative Investment Partners […] Read more
EBRD Extends Renewables Financing by EUR 300 mn in Kazakhstan Updated On Mon, Sep 16th, 2019 by Saurenergy EBRD is supporting Kazakhstan’s drive to promote renewable energy, with new funds under the Bank’s Kazakhstan Renewables Framework The European Bank for Reconstruction and Development (EBRD) has announced that it is pledging fresh funds to support Kazakhstan’s drive as a regional leader to promote renewable energy, with the help of a second phase of the Bank’s […] Read more
ADB Approves $350 mn Loan to Reform the Energy Sector in Pakistan Updated On Mon, Sep 16th, 2019 by Saurenergy ADB has decided to shortly approve a loan worth USD 350 million for reforms and financial sustainability programmes in the Pakistan energy sector. The Asian Development Bank (ADB) has decided to shortly approve a loan worth USD 350 million for reforms and financial sustainability programmes that aims to address fiscal, governance, technical and policy deficits […] Read more
IAN Fund Invests Rs 12.4 Crore in Solar Panel Cleaning Solutions Firm Updated On Thu, Sep 12th, 2019 by Saurenergy The IAN Fund has led an investment worth Rs 12.4 crore in Pune-based solar panel cleaning solution startup Nocca Robotics. The IAN Fund, a seed fund worth Rs 375 crore, has led an investment amounting to Rs 12.4 crore in Pune-based solar panel cleaning solution startup Nocca Robotics. The investment also saw participation from prominent […] Read more
