News In Brief Nov 29: Masdar Closes Deal, ADB & Gulf Sign $820 Mn Deal, UK Initiates RE Project In Philippines Updated On Fri, Nov 29th, 2024 by Saurenergy Masdar Closes Deal to Acquire TERNA Energy To Supercharge Growth In Greece And Eastern Europe UAE-based Abu Dhabi Future Energy Company PJSC – Masdar recently completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA (TENERGY.AT) from GEK TERNA SA (GEKTERNA.AT) and other shareholders and received all regulatory approvals. The deal, agreed […] Read more
Tata Power, ADB Seal $4.25Bn Deal To Finance 966 MW RE Projects In India Updated On Fri, Nov 22nd, 2024 by Saurenergy Tata Power, an integrated power company, and the Asian Development Bank (ADB) recently signed a Memorandum of Understanding (MoU) coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan. This deal evaluates financing for its several projects and to enhance India’s power infrastructure, and promote renewable and clean energy. The MoU outlines the evaluation of […] Read more
News In Brief Nov 21: ADB, Solomon Islands & Tonga Sign Agreements, Scatec, Biden-Harris Administration Awards Updated On Thu, Nov 21st, 2024 by Saurenergy ADB, Solomon Islands, Tonga Sign Agreements for Sustainable Energy Transition Projects at COP29 The Asian Development Bank (ADB) and the governments of Solomon Islands and Tonga have signed grant and loan agreements for energy projects on the sidelines of COP29. The ADB-supported projects will help the Pacific countries to transition from dependency on diesel fuel […] Read more
CESL Issues Tender To Bring 1,800 Cargo E-Cycles In Four States Updated On Fri, Nov 8th, 2024 by Saurenergy To scale up the demand for energy efficiency projects in India, Convergence Energy Services Limited (CESL), an Energy Efficiency Services Limited (EESL) subsidiary released a tender to promote micro-mobility solutions in Bihar, Kerala, and Madhya Pradesh. CESL’s latest tender uses part of the financing received by the Indian government from the Asian Development Bank (ADB). […] Read more
ADB Approves $434.25 Mn Loan To Setup Solar Facility In Assam Updated On Fri, Oct 25th, 2024 by Saurenergy The Asian Development Bank (ADB) recently approved a $434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam, India. “Addressing the renewable energy capacity shortage in Assam is crucial to meet growing demand and reduce dependency on fossil fuels,” said ADB Principal Energy Specialist Jiwan Acharya. “This project […] Read more
Vivriti Capital Gets $25 Mn From ADB For Climate Finance Projects Updated On Tue, Oct 1st, 2024 by Saurenergy The Asian Development Bank (ADB) recently shared its plans to invest $25 million in a certified climate bond issue by Vivriti Capital Limited (VCL). This bond is being certified by the Climate Bonds Initiative to enhance access to climate finance for financially underserved enterprises, including micro, small, and medium-sized enterprises (MSMEs), mid-market corporates, and retail […] Read more
JBM, ADB Ink Rs 3.6bn Pact To Bring E-Buses To Haryana, Odisha Updated On Tue, Sep 17th, 2024 by Saurenergy The Asian Development Bank (ADB) and the JBM Group recently signed a Rs 3.6 billion (about $43.2 million) non-convertible debenture loan to expand access to electric buses in Haryana and Odisha. The loan will support the procurement of up to 650 electric buses and fund the cost of operations, maintenance, and deployment of depots and […] Read more
EESL Issues Bid To Setup 70 MW Solar Projects In Maharashtra Updated On Mon, Aug 12th, 2024 by Saurenergy To scale up demand for energy efficiency sector projects and to utilize the financing received from the Asian Development Bank (ADB), the Energy Efficiency Services Limited (EESL) opened bids from eligible source countries of ADB to set up 70 MW of Solar Power Generating Systems (SPGS) in Maharashtra. EESL invited the bids in a sealer […] Read more
Fourth Partner Energy Secures $275 Mn Investment From IFC Consortium Updated On Tue, Aug 6th, 2024 by Saurenergy International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG today made a $275 Mn investment into Fourth Partner Energy (FPEL). IFC is a global impact investor and DEG is a German investment and development company. The consortium’s investment will infuse capital to fund FPEL’s business expansion plans which include a target portfolio of 3.5 […] Read more
