Author: Saur News Bureau

KVG Bank, Bengaluru Firm to Provide Solar Pumps to Karnataka Farmers

Karnataka Vikas Grameena Bank (KVG Bank) has signed a memorandum of understanding (MoU) with Bengaluru-based MECWIN Technologies Ltd to introduce farmer- friendly solar-powered pump sets through bank’s finance. KVGB general manager P Srinivas Rao and MECWIN Technologies co-founder Shivakumar H M signed the agreement in the presence of KVGB chairman P Gopi Krishna here on Saturday. […]

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Japan’s JERA to Develop Ammonia-related Tech with Green Fund Backing

Japan’s biggest power generator JERA said it would spend 69.2 billion yen ($597 million) on the development of ammonia-related technology, with nearly 70% covered by the government’s green innovation fund. Ammonia is used as a fertiliser and in industrial materials, but is also seen as a future energy source, along with hydrogen. It does not […]

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Blackstone to Invest $3 B in North America’s Largest Private RE Firm

New York City-based Blackstone Inc said on Friday it would invest about $3 billion in Invenergy Renewables Holdings Llc, the largest private renewable energy firm in North America. The money that Blackstone will invest is aimed at providing capital to accelerate Invenergy’s renewables development activities, the company said in a statement. Blackstone, the world’s largest manager of […]

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Discoms’ Outstanding Dues to Gencos Rise 4.4% to ₹1,21,030 cr in Jan

Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing […]

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GoodWe Rebrands, Inaugurates New HO Building

Global inverter and storage firm GoodWe has refreshed its brand in line with the evolution of the global new energy space, emphasizing on collaboration and digitalization. At the core of this new brand identity is GoodWe’s commitment to harnessing smart tech to drive the global energy transition and bring about a more sustainable future for […]

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Green Firm Renew Power Raises $400 M from Global Debt Investors

ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries’ mop-up of USD 4 billion. The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of […]

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Tata Power Tops Among India Power Utilities In S&P’s CSA Scores

Tata Power, one of India’s largest integrated power companies, secured the highest score among its peers in the Indian Power sector in S&P Global’s recently released Corporate Sustainability Assessment (CSA) results. ESG parameters are becoming increasingly relevant as markets across the world start to consider these for critical issues such as financing. Tata Power has […]

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Solar Cleaning Firm Ecoppia Reaches 3 GW Milestone

Ecoppia, the cloud based, water free robotic cleaning solutions firm for photovoltaic solar, has announced a key milestoneof crossing a project portfolio of 3,000MW, cleaning over 4.8 billion panels till date. This significant milestone aligns with Ecoppia’s global expansion activities into new geographies, answering the burning need for truly autonomous robotic solutions in dry regions. With […]

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