USA’s Renewable Energy Firm Leeward Secures $180 Million for 200 MW Solar Project Updated On Thu, Mar 16th, 2023 by Saurenergy USA-based renewable energy firm Leeward Renewable Energy has announced the close of about $75 million in construction to term financing from MUFG Bank and about $105 million tax equity commitment from Wells Fargo for the Horizon Solar Facility located in Texas. Leeward said that Mitsubishi UFJ Financial Group (MUFG) served as the green loan structuring […] Read more
Hero Future Energies Signs MoU with Andhra Pradesh to Develop Renewable Capacity Updated On Wed, Mar 15th, 2023 by Saurenergy An independent power producer (IPP) with about 1.6 GW of operating assets across utility and commercial and industrial sectors, Hero Future Energies has signed a Memorandum of Understanding with the Government of Andhra Pradesh. The agreement will pave the way for setting up a renewable energy facility in the state. The firm will work closely […] Read more
3500 MW of Wind Addition Possible in Five Developing Countries: GWEC Report Updated On Tue, Mar 14th, 2023 by Saurenergy A new report by Global Wind Energy Council (GWEC) has said that five countries, namely, Argentina, Colombia, Egypt, Indonesia and Morocco have the capacity to add 3500 MW of wind power in the coming five years if they do so aggressively. The GWEC report held that the five developing countries can add an extra $12.5 […] Read more
BMC Solicits Bids for Rs 90 cr Loan for Multiple Renewable Energy Projects Updated On Mon, Mar 13th, 2023 by Saurenergy Bhopal Municipal Corporation has issued a tender to invite loans for the installation of 20 MW solar projects (Phase I), 21 MW solar projects (Phase II), 15 MW wind energy projects and 1 MW rooftop solar projects. The bids are invited from nationalized banks, private banks, financial institutions and non-banking financial companies for long-tenure term […] Read more
Australia India Trade Association Inks MoU with SMART Energy Council of Australia Updated On Mon, Mar 13th, 2023 by Saurenergy The Australia India Trade Association (AITA) welcomed to India more than 20 clean energy firms based in Australia. The delegates are visiting the country as part of SMART energy council that is being led by Australian Prime Minister Anthony Albanese. On the occasion, the delegates interacted with Kanubhai Desai, who is the minister for energy […] Read more
CERC Overrides SECI To Allow Wind Developer Extra 5% Capacity Addition Updated On Mon, Mar 13th, 2023 by Saurenergy The CERC has given a nod to Green Infra Renewable Energy Limited (GIREL), which was looking to install an additional 5% capacity for its 249.90 MW wind power project located in Tuticorin District, Tamil Nadu and Kutch in Gujarat. Green Infra Wind Energy Ltd (GIWEL) is the parent company of GIREL and had won the […] Read more
Chinese Battery Giant CATL Announces 2022 Results, Almost Doubles Profit Updated On Mon, Mar 13th, 2023 by Saurenergy Chinese battery giant Contemporary Amperex Technology Limited (CATL) has announced its financial results and said that it almost doubled its net profit in 2022 due to the booming electric vehicle market at home. CATL said that its net profit increased by 93 per cent to $4.4 billion in 2022 year on year. The company disclosure […] Read more
Indian States Must Establish Their Own Net Zero Targets Updated On Fri, Mar 10th, 2023 by Saurenergy by Afeena Ashfaque India announced its goal to achieve net zero carbon emissions by 2070 at the COP26 conference in Glasgow in November 2021. India can achieve this by enabling the states to develop and meet their own net zero carbon targets. While, in September 2021, Maharashtra became the first state to announce net zero […] Read more
Google Signs Agreement with Sol Systems for Solar Energy at its Campuses Updated On Fri, Mar 10th, 2023 by Saurenergy American multinational technology firm Google has signed a pact with US solar energy firm Sol Systems to help power up its campuses in North and South Carolina with solar energy. The statement called the pact a “unique renewable energy procurement and investment strategy” facilitating the development of new solar energy projects that also help provide […] Read more
