Adani to Acquire SB Energy’s 5 GW Portfolio in India’s Largest Renewables M&A Deal Updated On Wed, May 19th, 2021 by Saurenergy Adani Green Energy has signed agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank & Bharti Group Adani Green Energy Limited (AGEL), has announced that it has signed the share purchase agreements for the acquisition of 100 percent interest in SB Energy India from the SoftBank Group (80 percent) […] Read more
IEA Report Advises Shutting Out Fossil Projects Now, To Reach 1.5C Target Updated On Wed, May 19th, 2021 by Saurenergy The International Energy Agency (IEA), one of the premier energy modeling agencies and until recently, a key backer of the perception that fossil fuel’s still have a future (of sorts), has finally changed track. In a recommendation that will surprise many people, and please even more who have been calling for the same, the agency […] Read more
How Cities Can Take Action to Drive the Energy Transition: IRENA Updated On Tue, May 18th, 2021 by Saurenergy The dominance of fossil fuels in the urban energy supply puts cities on the frontline of climate change. Cities account for about 75% of global primary energy use and are responsible for 70 per cent of energy related greenhouse gas (GHG) emissions, making them key actors in both national and global efforts to transition to […] Read more
JPMorgan Chase Releases Carbon Reduction Targets for Paris-Aligned Financing Commitment Updated On Mon, May 17th, 2021 by Saurenergy JPMorgan Chase today released comprehensive steps it is taking in its efforts to align its financing activities with the climate goals of the Paris Agreement. As part of its Paris-aligned financing commitment announced last fall, the firm has published 2030 carbon intensity targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors. JPMorgan […] Read more
Generate Announces Unique Partnership With Starbucks to Supply Clean Energy Updated On Fri, May 14th, 2021 by Saurenergy Projects to Expand Access to Clean Energy for Starbucks stores and up to 24,000 Households, Small Businesses, Churches, Non-Profits and Universities Generate, a leading provider of sustainable infrastructure, announced today that it has put the first six of up to 23 New York State community solar projects into service under an innovative multi-year facility with Starbucks […] Read more
ADB to End Fossil Fuel Financing, No Timeline Committed Updated On Tue, May 11th, 2021 by Saurenergy The Asian Development Bank (ADB) announced on Friday that it will not finance coal mining or oil and natural gas activities in the future, as a result of a draft energy policy supporting low carbon transition in Asia and the Pacific. Set up in the early 1960s and headquartered in Manila, the ADB has since channelled […] Read more
Massachusetts Invites Bids for 1600 MW Offshore Wind Projects Updated On Tue, May 11th, 2021 by Saurenergy Massachusetts electric utility companies have opened their third offshore wind solicitation, releasing a Request for Proposals (RFP) for up to 1,600 MW of offshore wind power, twice the capacity they contracted in the previous rounds. The Baker administration announced the RFP on Friday, for which confidential bids are due by September 16 and public proposal […] Read more
Amazon Raises $1 bn Sustainability Bond, Issues $18.5 bn Debt Updated On Tue, May 11th, 2021 by Saurenergy Seattle-based tech giant Amazon.com Inc. issued its first sustainability bond yesterday, raising $1 billion to fund ongoing and new sustainability projects in renewable energy, clean transport, greener buildings and affordable housing. The total debt issued by the company on the same day was a whopping $18.5 billion. The sustainability bonds enable investors to join the firm in tackling […] Read more
ACWA Power Achieves Financial Close on 100 MW CSP Plant in South Africa Updated On Tue, May 11th, 2021 by Saurenergy ACWA Power has announced the commencement of construction on the 100 MW Redstone CSP project following the achievement of financial close. ACWA Power, a leading Saudi developer and the lead shareholder in the Redstone concentrated solar power (CSP) plant, has announced the commencement of construction on the 100 MW Redstone project following the achievement of […] Read more
