Big Move. £555 Billion European Investment Bank to Stop Lending To Fossil Fuel Projects Updated On Fri, Nov 15th, 2019 by Saurenergy In what could be called the ‘Venice Effect’ perhaps, the European Investment Bank, (EIB) the lending arm of the European Union has decided to stop funding fossil fuel projects as part of lending policy Yesterday, even as the world was absorbing images of the city of Venice going underwater due to unprecedented flooding caused by […] Read more
EIB Expands Cooperation with SBI in Wind Energy Financing Updated On Sat, Nov 24th, 2018 by Saurenergy With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […] Read more
EIB to Provide $11.75 Mn Loan for 34 MW Solar Project in Zambia Updated On Mon, Jun 25th, 2018 by Saurenergy Further, the Zambian project is promoted by Enel company and will also be supported by loans from the IFC, World Bank Group member, and IFC-Canada Climate Change Program. European Union lender, the European Investment Bank (EIB) has provided up to USD 11.75 million loan to support the 34 MW Ngonye solar power plant in Zambia. Further, the Zambian […] Read more
International Solar Alliance: A Rollercoaster Ride for Indian Solar Updated On Mon, Apr 16th, 2018 by Saurenergy Indian solar sector witnesses sharp momentum in the past four years under the leadership of Prime Minister Narendra Modi. In 2014, when he took office, India had 3 GW of solar power, which now turned to nearly seven-times of that, or 20 GW, by the end of FY18. India’s efforts towards solar sector came into […] Read more
Enel Inaugurates Peru’s Largest Solar PV Plant Updated On Mon, Mar 26th, 2018 by Saurenergy Enel invested around 170 million US dollars in the construction of Rubi, as part of the investments outlined in the company’s current strategic plan. Enel, has started operations at the 180 MW1 Rubi solar PV plant, which is Peru’s largest solar plant and Enel’s first solar facility in the country. Antonio Cammisecra, Head of EGP […] Read more
IREDA & European Investment Bank sign Euro 150 million Loan Agreement for Renewable Energy Financing in India Updated On Sat, Mar 10th, 2018 by Saurenergy More than 1 million Indian households to benefit from the new initiative EIB has extended this line of credit without insisting for sovereign guarantee from Government of India European Investment Bank (EIB) and Indian Renewable Energy Development Agency (IREDA) Ltd. have signed a loan agreement for a second line of credit (LoC) of Euro 150 […] Read more
23 Heads of State to Attend Solar Summit on March 11 Updated On Fri, Mar 9th, 2018 by Saurenergy It will focus on various aspects of promoting solar energy in 121 countries associated with International Solar Alliance (ISA) like credit mechanism, crowd funding and sharing of technology breakthroughs. In a bid to promote solar energy, India and France will co-host the first International Solar Alliance (ISA) Summit on March 11 at Rashtrapati Bhavan’s Cultural Centre in […] Read more
EIB to Sign Loan Agreement with India for Renewable Energy Projects on March 10 Updated On Thu, Mar 8th, 2018 by Saurenergy The EIB claimed that it is the world biggest financier of climate action and clean energy projects. In 2017 the EIB financed EURO 19.6 billion of climate action projects, which is about 28 percent of its total financing. In a significant development, European Investment Bank (EIB) said it will ink an agreement on Saturday to […] Read more
Amplus Inks Pact with Yes Bank for Solar Power Projects Updated On Fri, Jan 19th, 2018 by Saurenergy Rooftop solar energy company Amplus is also diversifying in new avenues such as battery storage, energy efficiencies, smart cities, and concentrated solar power technologies among others. Amplus Energy Solutions has signed an MoU with Indian private sector lender Yes Bank for a strategic tie-up to co-finance projects in the solar energy sector in the country. […] Read more
