SAEL Secures $1 Billion Capital for Renewable Energy Portfolio - SAEL, a renewable energy company, has announced the acquisition of $1 billion in funding from diverse financial institutions, including Norfund,.
Enel Green Power has secured equity and loan guarantees totalling INR 4bn ($53.9m) from Norway s largest pension fund KLP and state enterprise Norfund for a 168 MW wind power project in Gujarat, India. Enel has a 25-year power purchase agreement and the facility is expected to produce approximately 700 GWh per annum, avoiding approximately 573,000 tonnes of carbon dioxide per year.