From Potential to Progress: What Does Africa Renewable Energy Journey Look Like? Updated On Thu, Jul 13th, 2023 by Saurenergy With 33 out of the world’s 47 least-developed countries nestled within its borders, and with more than half of the population in Africa having no access to electricity, the African continent stands as a veritable gold mine for those with a vision for progress in renewable energy. This article focuses on the progress made against […] Read more
Amp Energy India Chalks Out New Identity as Ampin Energy Transition Private Limited Updated On Mon, Jul 10th, 2023 by Saurenergy Amp Energy India, an energy transition platform and Renewable Energy IPP with a total portfolio of over 3 GW spread across 17 states in the country, has announced its rebranding as Ampin Energy Transition Private Limited. The firm says that the new identity reflects the firm’s commitment to accelerating the transition to renewable energy sources […] Read more
Danish Renewable Energy Fund CIP Secures EUR 5.6 Billion Updated On Mon, Jul 10th, 2023 by Saurenergy Copenhagen Infrastructure Partners (CIP) successfully secured EUR 5.6 billion in capital commitments for their fifth flagship fund, Copenhagen Infrastructure V (CI V), on June 30, 2023. This achievement sets them on course to achieve their goal of raising a fund size of EUR 12 billion (about 13 billion USD), possibly making CI V the world’s […] Read more
Duke Energy To Offload Commercial Distributed Generation Biz to ArcLight In $364 million Deal Updated On Thu, Jul 6th, 2023 by Saurenergy Duke Energy has announced an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC , a leading middle market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests. Duke Energy expects approximately $259 million of proceeds from this transaction, which is subject to certain […] Read more
Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval Updated On Fri, Jun 23rd, 2023 by Saurenergy The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […] Read more
Duke Energy in $2.8 Billion Deal with Brookfield Renewable for Commercial Renewables Business Updated On Tue, Jun 13th, 2023 by Saurenergy A key US electricity distributor and generator, Duke Energy has announced reaching reached an agreement to sell its unregulated utility scale commercial renewables business to Brookfield Renewable for $2.8 billion. Brookfield is one of the world’s largest owners and operators of renewable power and climate transition assets. Duke Energy’s expected net proceeds from this transaction […] Read more
MNRE, MoP Launch New Mission ‘MAHIR’ To Locally Develop New Energy Solutions Updated On Wed, Jun 7th, 2023 by Saurenergy The Ministry of Power and the Ministry of New and Renewable Energy (MNRE) have jointly launched a National Mission to quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India. The National Mission has been named ‘Mission on Advanced and High-Impact Research (MAHIR)’. It aims […] Read more
Envision Energy Bags 1.67 GW Turbine Order for NEOM Green Hydrogen Updated On Wed, Jun 7th, 2023 by Saurenergy Chinese turbine maker Envision Energy has signed a contract to supply 1.67 GW wind turbines for NEOM Green Hydrogen Company, the world’s largest utility-scale green hydrogen plant. This plant will be powered entirely by renewable energy. The mega plant is located at Oxagon, Saudi Arabia’s region of NEOM. Under the contract, 171-6.5 MW wind turbines […] Read more
5 Solar Energy Myths That Need To Be Buried For Good Updated On Mon, May 29th, 2023 by Saurenergy Despite the many benefits that solar energy offers, it continues to be shrouded in myth. However, in the recent past, particularly the last five years, solar has overcome challenges, and many myths, like few heralded energy sources before it. Saur Energy deflates the most common myths around solar. We hope these have not kept you […] Read more
