EIB Invests $150m to Fund Clean Energy Projects in Peru Updated On Fri, Dec 22nd, 2017 by Saurenergy The two projects are expected to be operational in the first six months of 2018 and will have a total installed capacity of 312MW The European Investment Bank (EIB) is going to invest $150m to the development and operation of a windfarm and photovoltaic (PV) solarpower project in Peru, a country in western South America. […] Read more
India Can Save Up to Rs 54,000 Crore by Replacing Coal Plants with Renewables: Green Peace India Updated On Fri, Dec 22nd, 2017 by Saurenergy Solar power has reached a new record low of Rs 2.44 and the wind at 2.64 dropped below the 3/kWh as per the new tariff bids, said the analysis. Green Peace India has analyzed that the country can reduce air pollution upon the replacement of exorbitant coal plants by renewable and can even save up […] Read more
Waaree Energies Limited Raises Rs 100 crore From Centrum Financial Services Limited Updated On Thu, Dec 21st, 2017 by Saurenergy Centrum Group, controlled by ex-Standard Chartered top leader, Jaspal Bindra, made the investment through its non-banking finance arm. The integrated solar power solutions company, Waaree Energies Limited raised Rs 100 crore from Centrum Financial Services Limited for helping the Mumbai-based alternate energy equipments firm’s capacity expansion through a structured financing deal. Founded in 1989 and headquartered […] Read more
YES Bank, EIB to Invest $400mn in Indian Renewable Energy Sector Updated On Wed, Dec 20th, 2017 by Saurenergy The new $400 million private sector renewable energy financing programme is divided into two components. Of the $400-million, the EIB will fund $200 million, while the rest will be supported by YES Bank. YES Bank and the European Investment Bank will jointly invest $400-million funding for renewable power generation in the country. “The new financing […] Read more
Belgian Firm Plans to Invest Rs 1,000 Crore in Renewable Energy in India Updated On Sat, Dec 16th, 2017 by Saurenergy Over the next one to two years, Belgian Firm will invest anywhere between Rs 800 – Rs1,000 crore for renewable energy venture in India. Belgian retail giant Colruyt Group is gearing up to make a big splash in the renewable energy space in India and has lined up an investment of around Rs 800-1,000 crore […] Read more
Schneider Electric Commits Generate Electricity From 100% Renewable Energy by 2030 Updated On Wed, Dec 13th, 2017 by Saurenergy The commitments are yet another step in Schneider Electric’s journey to becoming carbon neutral by 2030. Schneider Electric, the leader in digital transformation of energy management and automation, has committed to sourcing 100% renewable electricity and is throwing light on the doubling of its energy productivity. The company strongly believes it cannot go renewable without […] Read more
INDIA Marches Ahead Updated On Wed, Dec 13th, 2017 by Saurenergy As 2017 comes to an end, it is worth taking a holistic look at the Indian solar market to analyze key trends, challenges and outlook. By many accounts, the Indian solar power industry is on a roll. According to a report released by consulting firm Bridge to India, India is expected to reach an installed […] Read more
MNRE announced new National Lab Policy for Renewable Energy Updated On Tue, Dec 12th, 2017 by Saurenergy As per MNRE, India’s target of achieving 175GW of renewable energy by 2022 has made it mandatory to have and robust and precise policy. In order to acquire better quality and reliability of projects under the renewable energy category in India the Ministry of New and Renewable Energy (MNRE) has recently announced the new and […] Read more
India’s Renewable Energy Push if Implemented Properly Could Mean a Lot of Jobs Updated On Sat, Dec 2nd, 2017 by Saurenergy India’s renewable energy push could help tackle poverty in rural communities by providing steady incomes, healthcare benefits, and skill-building opportunities to unskilled and semi-skilled workers. India’s renewable energy push if implemented properly could do more than just slow down global warming. It could help pull millions out of poverty, especially in rural communities. According to […] Read more
