Largest Solar Battery Project By SECI Commissioned in Chhattisgarh Updated On Mon, Feb 26th, 2024 by Saurenergy Solar Energy Corporation of India Limited (SECI), under the Ministry of New and Renewable Energy, has commissioned India’s largest Battery Energy Storage System (BESS). The project was inaugurated by PM Modi on February 24. The 40 megawatts (MW) / 120MWh BESS with a solar photovoltaic (PV) plant which has an installed capacity of 152.325 megawatt […] Read more
IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa Updated On Thu, Feb 8th, 2024 by Saurenergy International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […] Read more
Cleantech Solar Raises Rs 6.25 Billion From Tata Capital for Indian RE Projects Updated On Thu, Feb 1st, 2024 by Saurenergy Singapore headquartered Cleantech Solar has successfully secured a substantial long-term senior secured loan facility of Rs 6.25 billion from Tata Capital Limited. This funding is earmarked for bolstering its open access portfolio within India. Cleantech Solar stands as a prominent provider of renewable energy solutions catering to corporate entities across India and Southeast Asia. It […] Read more
€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
ISA & Nuru Introduce 15 MW Solar Project Under Global Solar Facility Updated On Mon, Dec 11th, 2023 by Saurenergy The International Solar Alliance (ISA) has announced a milestone with the initiation of the first pilot project under its Global Solar Facility (GSF). In collaboration with Nuru, a solar power firm in the Democratic Republic of the Congo (DRC), the project aims to develop and construct 15 MW of solar metro grid capacity across three […] Read more
India Joins Battery Storage Consortium To Boost BESS Deployment Updated On Mon, Dec 4th, 2023 by Saurenergy India has now joined the Battery Energy Storage Systems (BESS) Consortium, at the ongoing Conference of Parties (COP28) Summit at Dubai. The consortium is an initiative of the Global Leadership Council (GLC) of the Global Energy Alliance for People and Planet (GEAPP). Through the BESS Consortium, India is among the first-mover countries as a part […] Read more
Ray of Hope for Central Africa with 25 MW Danzi Solar Park Updated On Mon, Nov 20th, 2023 by Saurenergy The Central African Republic has unveiled a 25 MW solar park that boasts battery storage. The project has been established in the Danzi village, near Bangui- the capital city of the Central African Republic. The initiative will provide power to nearly 250,000 people in the city. Just 35% of Bangui has been electrified so far, […] Read more
Four Areas Where Solar Power Can, Is, and Ought To Make a Bigger Impact Updated On Fri, Oct 13th, 2023 by Saurenergy “The real wealth of a nation is its people. The purpose of development is to create an enabling environment for people to enjoy long, healthy and creative lives,” said noted economist and Noble Prize winner Mahbub-ul-Haq. I was reminded of this profound universal concept that underpins today’s ‘Human Development Index,’ which serves as the defining […] Read more
Nextracker Primed For India Growth With 4.5 GW Order Book, 10 GW Capacity Updated On Tue, Oct 3rd, 2023 by Saurenergy US-based solar tracker leader Nextracker is set to ride the solar growth story in India, with its local manufacturing capacity up to 10 GW now. Spread across 13 factories across the country through its eleven contract manufacturing partners, the firm claims to have achieved 80% indigenization levels, giving it a strong advantage over global competitors. […] Read more
