EIB, Development Bank Of Southern Africa Grant €600 Mn To Private RE Sector Updated On Fri, Sep 13th, 2024 by Saurenergy The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have further boosted their support for renewable energy projects in the private sector, aiming to increase clean energy generation while supporting new jobs. A € 100 million (ZAR 1.98 billion) loan from the EIB, matched by the DBSA, comes in addition to […] Read more
Enel Subsidiary 3Sun Secures €560 million For HJT Solar Manufacturing In Italy Updated On Thu, Jan 25th, 2024 by Saurenergy Italy, which has been a surprise beneficiary of the European push for more manufacturing, got another boost with 3Sun, the solar module manufacturing subsidiary of Italian utility Enel secured €560 million for its heterojunction module assembly plant in Sicily, Italy. Details on the number of jobs this would create are not available, but widely expected […] Read more
EIB Backing of €400 million For Green Renewable Energy Developer Updated On Wed, Jan 3rd, 2024 by Saurenergy Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […] Read more
Battery Materials Firm Talga Gets €150million Funding For Its Swedish Battery Project Updated On Wed, Jun 21st, 2023 by Saurenergy Battery Materials company Talga has now bagged €150 million in senior debt funding from the European Investment Bank (EIB). This finding is meant for Talga’s Vittangi Anode Project in Sweden. As per the details, the project is set to use 100 percent renewable energy to produce 19,500 TPA of green anode for Lithium-ion batteries. It […] Read more
European Investment Bank Greenlights India’s Large Scale Hydrogen Projects with 1Bn Euro Updated On Thu, Feb 9th, 2023 by Saurenergy In a major announcement that will give India’s Hydrogen projects a push, the European Investment Bank (EIB) has given its nod on joining the India Hydrogen Alliance (IH2A) and provide impetus to green hydrogen hubs on large scale for projects located in India. Following Indian government and EIB approvals, the funding is pegged at close […] Read more
Ireland’s IPP Power Capital RE Secures €240 Million for 1.2 GW of Solar Assets Updated On Tue, Jan 17th, 2023 by Saurenergy Ireland’s leading solar Independent Power Producer, Power Capital Renewable Energy, has announced the closing of an up to EUR 240 million construction equity facility for the development of solar power projects. Power Capital held that the financial facility has been closed with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias […] Read more
Africa Has EUR 1 Trillion Green Hydrogen Potential: New Study Updated On Mon, Dec 26th, 2022 by Saurenergy A new report has said that harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness and transform access to clean water and sustainable energy. The analysis is commissioned by the European Investment Bank, the […] Read more
Aquila Clean Energy to Invest EUR 2 Bn for 2.6 GW RE Projects Updated On Fri, Sep 9th, 2022 by Saurenergy Aquila Clean Energy EMEA, the clean energy development platform in Europe of Aquila Capital, has announced that it has closed a EUR 1 billion construction facility, supported by the InvestEU programme. The financing is to support development and construction of Aquila Clean Energy’s entire renewable energy pipeline in Spain and Portugal over the next three […] Read more
Iberdrola Secures €550 Million Loan For Renewable Projects In Spain Updated On Tue, Jul 26th, 2022 by Saurenergy Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […] Read more
