European Investment Bank Commits EUR 28.5 Mn for Three Solar Plants for Greece Updated On Mon, Jan 23rd, 2023 by Saurenergy PPC Renewables, which is a wholly-owned subsidiary of the Public Power Corporation SA, Greece’s largest power generation company, has announced that it will establish three solar power plants, that will boast of a cumulative capacity of 230 MWp. This is set to be among the largest solar energy projects developed or in the pipeline in […] Read more
Ireland’s IPP Power Capital RE Secures €240 Million for 1.2 GW of Solar Assets Updated On Tue, Jan 17th, 2023 by Saurenergy Ireland’s leading solar Independent Power Producer, Power Capital Renewable Energy, has announced the closing of an up to EUR 240 million construction equity facility for the development of solar power projects. Power Capital held that the financial facility has been closed with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias […] Read more
Africa Has EUR 1 Trillion Green Hydrogen Potential: New Study Updated On Mon, Dec 26th, 2022 by Saurenergy A new report has said that harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness and transform access to clean water and sustainable energy. The analysis is commissioned by the European Investment Bank, the […] Read more
EIB, AllianzGI Announce $100 Mn for Renewable Projects at COP27 Updated On Thu, Nov 17th, 2022 by Saurenergy The Emerging Market Climate Action Fund (EMCAF) has announced a $25 million investment into Alcazar Energy Partners II, a fund providing early-stage equity financing to develop, construct and operate renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia. This commitment is in parallel to EIB Global, the dedicated arm for […] Read more
SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only Updated On Wed, Sep 14th, 2022 by Saurenergy Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […] Read more
European Investment Bank to Support EU Communities with US$10 Billion Updated On Tue, Sep 13th, 2022 by Saurenergy The European Commission (EC) and the European Investment Bank (EIB) have decided to contribute €10 billion (US$10.1 billion) in support of areas most impacted by the transition away from fossil fuels as the continent struggles with how to decarbonize without leaving communities behind amid a severe energy crisis. The Public Sector Loan Facility, the third […] Read more
Aquila Clean Energy to Invest EUR 2 Bn for 2.6 GW RE Projects Updated On Fri, Sep 9th, 2022 by Saurenergy Aquila Clean Energy EMEA, the clean energy development platform in Europe of Aquila Capital, has announced that it has closed a EUR 1 billion construction facility, supported by the InvestEU programme. The financing is to support development and construction of Aquila Clean Energy’s entire renewable energy pipeline in Spain and Portugal over the next three […] Read more
Iberdrola Secures €550 Million Loan For Renewable Projects In Spain Updated On Tue, Jul 26th, 2022 by Saurenergy Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […] Read more
Global Alliance Launches at COP26 to Boost RE in Developing Economies Updated On Tue, Nov 2nd, 2021 by Saurenergy The new Global Energy Alliance for People and Planet (GEAPP) will be launched today at COP26 to accelerate investment in green energy transitions and renewable power solutions in developing and emerging economies worldwide. Over the next decade, the Alliance aims to unlock USD100 billion in public and private capital and tackle three problems: (1) POWER […] Read more
