Delhi Metro Plans to Run All Operations on Solar Energy by 2021 Updated On Wed, Apr 17th, 2019 by Saurenergy The corporation will start getting 99 MW solar energy from the 750 MW Solar Power Park in Rewa, Madhya Pradesh from May 2019. Delhi Metro Rail Corporation (DMRC) which currently meets nearly 60 percent of its electricity needs from solar energy, plans to drive up that number to meet all its energy needs from clean […] Read more
Petronas makes India Play with Amplus Energy Acquisition Updated On Tue, Apr 16th, 2019 by Saurenergy By Acquiring Amplus Energy for Rs 2700 crores, Malaysia’s Petronas just made a big India play in renewables. The Move by Malaysia’s Petronas, itself a $60 billion-plus behemoth with a $13.2 billion bottom line in 2018, is a huge vote of confidence in India’s renewable sector. At Rs 2700 crores, the valuation also seems to […] Read more
Cabinet Approves RE Pact Between India and Denmark with Focus on Offshore Wind Energy Updated On Mon, Apr 15th, 2019 by Saurenergy The objective of the cooperation agreement is to promote cooperation between the two countries in the field of renewable energy with a special focus on offshore wind. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry […] Read more
Petronas Forays into Renewable Energy with Acquisition of Amplus Energy Updated On Mon, Apr 15th, 2019 by Saurenergy Malaysia’s Petronas has acquired Amplus Energy Solutions, marking the Oil and Gas majors international foray into renewable energy. Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd, a […] Read more
Cabinet approves Cooperation Agreement between India and Denmark in the field of Renewable Energy with focus on Offshore Wind Energy Updated On Mon, Apr 15th, 2019 by Saurenergy The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on strategic sector cooperation in the field of Renewable Energy with a focus on Offshore […] Read more
Apple Set to Surpass its Clean Energy Goals with New Supplier Commitments Updated On Fri, Apr 12th, 2019 by Saurenergy Global tech-major, Apple has revealed that it has nearly doubled the number of suppliers that have committed to run their Apple production on 100 percent clean energy, bringing the total number to 44. Because of this partnership between Apple and its suppliers, the California-based tech company will exceed its goal of bringing 4 GW of […] Read more
MNRE HQ Building To Use Solar Energy & Become Net-Zero Energy Complex Updated On Tue, Apr 9th, 2019 by Saurenergy The Akshay Urja Bhawan will be located in Delhi, right opposite the premises which the ministry presently occupies in the CGO Complex here. To promote sustainable practices, the Ministry of New and Renewable Energy (MNRE) has conceptualised a “net-zero energy complex” for its new headquarters in New Delhi. The Akshay Urja Bhawan will be located […] Read more
Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
Renewable Energy Buyers Alliance Launched with 60 GW Corporate Renewables Target by 2025 Updated On Fri, Mar 29th, 2019 by Saurenergy By working to unlock the marketplace for organizations to buy renewable energy, REBA hopes to bring more than 60 gigawatts of new renewables online in the United States by 2025. Google, Facebook, General Motors and Walmart, along with over 300 other companies, launched the Renewable Energy Buyers Alliance (REBA), the largest group of corporate renewable energy buyers in the […] Read more
