Solar Investment Fund SolRiver Capital Invests In Korsail Energy Updated On Tue, Aug 16th, 2022 by Saurenergy US-based solar developer, Korsail Energy has announced recently that the company has received a significant development finance commitment from the US-based renewable energy investment fund SolRiver Capital. According to Korsail, the company will complete its 2 GW worth of solar and storage projects with the help of this investment. Korsail Energy said, “With the help […] Read more
Bangladesh’s IDCOL Raises €80 Million From Germany’s Bank For RE Program Updated On Wed, Aug 10th, 2022 by Saurenergy Infrastructure Development Co. (IDCOL), a Bangladeshi state infrastructure investor, has received a loan of €80 million ($81.4 million) from Germany’s KfW Development Bank to assist enterprises in installing solar plants and solar irrigation pumps. The KfW will sponsor the “Renewable Energy Programme II” project. The interest rate and other terms and conditions are currently being […] Read more
Torrent Power Q1 FY23: Profit Sees Two-Fold Surge Updated On Tue, Aug 9th, 2022 by Saurenergy Leading Ahmedabad-based power player Torrent Power Limited has released its Q1 FY-23 results. For the April to June quarter (Q1) of the current financial year, the company’s consolidated net profit increased by more than 140% to Rs 502.01 crore from Rs 207.78 crore in the equivalent quarter of the previous financial year 2021–22. The revenue […] Read more
Enfinity Global Raises $242 Million Funding For Solar Plants Updated On Tue, Aug 9th, 2022 by Saurenergy Enfinity Global, a provider of sustainability and renewable energy services with headquarters in Belgium, has obtained $242 million funding (about ¥29 billion) in long-term financing for three utility-scale solar PV projects in Japan that were just finished and have a combined capacity of 70 MW. Under the feed-in-tariff (FIT) arrangement, the power plants have 18 […] Read more
Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
$26M Investment In RE Grid Demonstration Projects By Biden Administration Updated On Mon, Aug 8th, 2022 by Saurenergy US President Joe Biden has announced a US $26M investment to demonstrate that the US electricity grid can be run fully on renewables and energy storage. The program will investigate how renewable energy can sustain grid dependability and allow it to stay connected during disturbances or reboot it in the event of a shutdown through […] Read more
Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures Updated On Fri, Aug 5th, 2022 by Saurenergy Terabase Energy, a US-based start-up, has raised USD $44 million in a Series B investment round led by Bill Gates’ Breakthrough Energy Ventures and venture capital company Prelude Ventures, among others, to accelerate the commercialization of its automated solar park building technology. The increase brings the company’s total funding to US$52 million, up from US$6 […] Read more
Green Jobs Are Finally A Mainstream Reality In India, Thanks To Solar Updated On Fri, Aug 5th, 2022 by Saurenergy The news of India’s ambitious solar and renewable energy targets has thrown up the possibility of as many as one million jobs in another three years’ time. These jobs matter, not only to an economy always seeking opportunities for its citizens, but also to ease the faster acceptance and spread of renewable energy, especially solar. […] Read more
European Bank To Invest $21.4M In Azerbaijan’s Solar Plant Updated On Wed, Aug 3rd, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […] Read more
