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
ABB to Connect World’s Largest Offshore Wind Project to UK Grid Updated On Thu, Oct 31st, 2019 by Saurenergy ABB has been selected to connect the world’s largest offshore wind farms in the Dogger Bank region to the UK transmission network. ABB has been selected by UK-based SSE Renewables and Norwegian firm Equinor to supply its high-voltage direct current (HVDC) Light converter systems to connect the world’s largest offshore wind farms in the Dogger […] Read more
GE Selected for 3.6 GW Dogger Bank Offshore Wind Project Updated On Thu, Oct 3rd, 2019 by Saurenergy Dogger Bank Wind Farms, which will become the world’s largest offshore wind farm when built, has unveiled GE as its preferred turbine supplier. Dogger Bank Wind Farms, which is developing what will become the world’s largest offshore wind farm when built, has unveiled GE Renewable Energy as its preferred turbine supplier. Under the new deal, […] Read more
IESA Celebrates IESW on the Occasion of 3rd World Energy Storage Day Updated On Tue, Sep 17th, 2019 by Saurenergy Global Energy Storage Alliance proposes 22nd September as World Energy Storage Day India Energy Storage Week (IESW) to kick start with a myriad of activities like India Energy Storage & EV Technology Forum, 3rd India Energy Storage & EV Policy Forum, IESA Investment Forum & start-up competition and Masterclass on energy storage manufacturing Pune, India: […] Read more
BNEF Bankability Survey Ranks Solis 3rd Among Asian Brands Updated On Thu, Aug 22nd, 2019 by Saurenergy BNEF released its survey entitled ‘Solar Module & Inverter Bankability 2019’, with Solis the third highest-rated firm amongst the Asian brands. Recently, BloombergNEF (BNEF) released its survey entitled “Solar Module & Inverter Bankability 2019”, which included the investigation of inverters for the first time. Chinese Inverter brand Ginlong Solis was revealed as the third highest-rated […] Read more
Energy Vault Gets $110 mn Investment From Softbank Vision Fund Updated On Sat, Aug 17th, 2019 by Saurenergy Energy Vault has announced that it has completed a USD 110 million Series B funding round led by the SoftBank Vision Fund. Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to long duration, utility-scale energy storage, has announced that it has completed a USD 110 million Series B […] Read more
Senvion Signs EUR 100 Mn Loan Agreement to Avoid Bankruptcy Updated On Mon, Apr 22nd, 2019 by Saurenergy The DIP facility enables Senvion to continue its business operations following last week’s self-administration filing. Germany-based Senvion, a leading global manufacturer of onshore and offshore wind turbines and its lenders and main bondholders have signed a binding loan agreement, setting forth terms for a EUR 100m debtor-in-possession (“DIP”) facility. The DIP facility has received Board […] Read more
EXIM Bank Extends 3 LOCs Worth $83.11 Mn to Congo For 3 Solar Projects Updated On Tue, Mar 19th, 2019 by Saurenergy The loan will be utilised for financing three solar photovoltaic power projects with a total capacity of 35 MW in the three provinces — Karawa, Mbandaka and Lusambo. The Export-Import Bank of India (Exim Bank0 has, on behalf of the Government of India, extended 3 Lines of Credit (LOC) aggregating USD 83.11 million to the […] Read more
Exporting Solar. EXIM Bank to Provide $1.4 Bn For Projects in 15 nations Updated On Tue, Feb 12th, 2019 by Saurenergy The bank has already provided LOCs worth $226 million to finance 16 solar projects in various developing countries. The Export-Import Bank of India (EXIM) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, according to the Managing Director of the Bank, David Rasquinha. “As an agent of Government of India, we […] Read more
