UK Climate Investments, Norfund Invest in South African Wind Portfolio Updated On Tue, Nov 16th, 2021 by Saurenergy Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around […] Read more
NTPC, Indian Oil Collaborate on Renewable Energy Updated On Mon, Nov 15th, 2021 by Saurenergy NTPC Ltd. and Indian Oil have signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for the supply of low carbon/RE RTC captive power. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieve renewable […] Read more
Microsoft, AES to Bring Around-the-clock RE to Data Centers Updated On Wed, Nov 3rd, 2021 by Saurenergy The AES Corporation has signed a 15-year agreement with tech company Microsoft to support the company in achieving its 100/100/0 by 2030 goal. Microsoft, one of the world’s largest purchasers of renewable energy, will use the around-the-clock renewable energy provided through this agreement to power its data centers located in Virginia. The structure of the […] Read more
Turkey Plans to Add 1000 MW Solar Capacity by 2022 Updated On Tue, Nov 2nd, 2021 by Saurenergy Turkey will increase the share of renewable sources in energy production starting from 2022, Yeni Shafak, a leading local daily has reported. The highest capacity rise for 2022 is expected to be seen in solar energy production with around 1,000 megawatts, the report added. The Energy and Natural Resources Ministry’s strategic plan for 2023 aims […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
ArcelorMittal Nippon Steel India to Foray into RE Soon Updated On Fri, Oct 22nd, 2021 by Saurenergy ArcelorMittal Nippon Steel India is planning to enter the renewable energy segment as part of its expansion plans in India, according to media reports. “We are looking at making a foray into renewable energy. This would be as part of our sustainability approach,” Dilip Oommen, CEO, ArcelorMittal Nippon Steel India (AMNS), was quoted as saying […] Read more
Mangalore Refinery Goes With GoodWe for 6 MW Solar Plant At Refinery Site Updated On Fri, Oct 8th, 2021 by Saurenergy Mangalore Refinery and Petrochemicals Limited (MRPL) has successfully commissioned the largest solar power project in a refinery site in Karnataka. The solar power project commissioned by TATA power solar has a total capacity of 6.063 MWp and is spread across 34 roof tops within the refinery premises. Managing it all are GoodWe inverters, that were […] Read more
Bridgelink Engineering Buys RE Firm BCR Companies Updated On Thu, Oct 7th, 2021 by Saurenergy Bridgelink Engineering has acquired BCR Companies, a construction company in the renewable energy industry. Both the companies are based in Texas, United States. BCR Companies was a family-owned professional construction company providing a wide range of industrial construction solutions within the energy industry. Operating in multiple locations across the U.S. since 2012, the firm provided […] Read more
Statkraft Buys Wind Power Portfolio in Germany and France Updated On Tue, Oct 5th, 2021 by Saurenergy Statkraft, Europe’s major generator of renewable energy, has acquired the wind power portfolio of wind farm operator Breeze Three Energy in Germany and France to further strengthen its position in Europe. The parties have decided not to disclose the transaction value. Norway-based Statkraft adds 39 wind farms across Germany and four wind farms in France […] Read more
