RWE to Invest €50 B to Reach 50 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy “Greener, bigger, more valuable – that is RWE in 2030. For the first time, the company is providing details of what it will look like by the end of the decade,” states Germany’s largest power producer. With its new strategy ‘Growing Green’, RWE will invest a significant sum, worth €50 billion, in its core business […] Read more
Scottish RE Trade Body Urges UK to Reform Grid Charging Regime Updated On Tue, Nov 16th, 2021 by Saurenergy Industry body Scottish Renewables has reaffirmed its calls for the UK Government and Ofgem, the energy regulator, to work together in the spirit of COP26 to achieve a solution to the Transmission Network Use of System (TNUoS) charging regime, as the government had previously committed to do in its recent energy white paper. The current […] Read more
UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual also aims at supporting Low Carbon’s ambition to raise third-party investment funds with the goal of directing capital into […] Read more
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
TVS Industrial & Logistic Parks to Produce Solar Pwr for Decarbonisation Updated On Mon, Nov 15th, 2021 by Saurenergy TVS Industrial and Logistic Parks is mulling to generate solar power using roof and open spaces within its parks to help it reduce electricity consumption and achieve further decarbonisation. The plan is currently under evaluation and a final decision is expected to be taken by next month, a company spokesperson was reported by media as […] Read more
Japanese Wind Turbine Can Harness Typhoon Energy Updated On Mon, Nov 15th, 2021 by Saurenergy As governments and companies globally rush to install as much renewable energy capacity as possible to cut carbon emissions, areas often not suitable for solar arrays or wind farms are opening up for development with advances in technology. In Japan, a start-up called Challenergy has designed a wind turbine that works in cyclonic conditions, which typically […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
Engie, Credit Agricole Agree To buy Spanish Form Eolia Renewables for €2 bn Updated On Mon, Nov 15th, 2021 by Saurenergy French energy major Engie and insurance firm Crédit Agricole Assurances acquiring Spanish renewable energy company Eolia Renovables. By the end of the transaction, the two firms will own 97.33 % of Eolia. The deal will add 821MW of onshore wind capacity, 78MW of solar photovoltaic (PV) capacity and a pipeline of renewable projects whose total […] Read more
October India RE Highlights From MNRE Report For Union Cabinet Updated On Mon, Nov 15th, 2021 by Saurenergy In its monthly summary of key highlights, recently shared for the month of October, the Ministry of Renewable Energy (MNRE) has focused on renewable energy additions, international conferences and important developments in the work of Solar Energy Corporation of India (SECI). The ministry informs that a total of 1522.35 MW of renewable energy (RE) capacity […] Read more
