Finland, Luxembourg Commit For EU’s Renewable Energy Financing Mechanism Updated On Tue, Feb 28th, 2023 by Saurenergy The implementation of the EU renewable energy financing mechanism has taken an important step forward as binding commitments have come from Finland and Luxembourg who will now take part in a cross-border tender for renewable energy. The announcement by the two countries follows an invitation by the Commission to all EU countries last year to […] Read more
Essar Group to Invest $3.6 Billion in Energy Transition in UK, India Updated On Tue, Feb 28th, 2023 by Saurenergy Mumbai headquartered Essar Group has formed the Essar Energy Transition (EET) with the objective to invest a total of $3.6 billion in developing a range of low carbon energy transition projects over the next five years in India and the United Kingdom. Essar Group held that EET of the total investment, $2.4 billion will be […] Read more
Canadian Solar Renews EUR 100 Million Note Program Updated On Tue, Feb 28th, 2023 by Saurenergy Canadian Solar Inc. has announced that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility). Canadian Solar said that any payment under the notes issued under the note program will be guaranteed by the company. The […] Read more
Austrian Firm Enery Set to Build Bulgaria’s Biggest Solar Park Updated On Mon, Feb 27th, 2023 by Saurenergy Austrian firm, Enery, controlled by Three Seas Initiative Investment Fund (TSIIF) through Amber Infrastructure, is currently operating one of both largest PV facilities in Bulgaria. Founded in 2019, Enery is a leading renewable energy developers in Central and Eastern Europe. In 2020, it purchased a solar park on 100 hectares with a 60.4 MW peak […] Read more
X-ELIO Sets up its First Utility Scale 60 MWh BESS Project in Texas, US Updated On Fri, Feb 24th, 2023 by Saurenergy X-ELIO, that delves into the development, construction, financing and operation of renewable and sustainable energy projects, has added a BESS (battery energy storage system) project of 60 MW capacity, which has been set up in the Liberty County of Texas in the USA. This is a major project for X-ELIO, given that this is the […] Read more
French Firm Akuo Energy Looks to Set up Agrisolar Portfolio in Greece Updated On Thu, Feb 23rd, 2023 by Saurenergy French renewable energy firm Akuo Energy has established its first solar park in Greece. Back in October 2021, the firm had set up the 1 MW Chalki island project. The newly launched project includes four PV comprising 1 MW each. The yearly output of the project will help meet the needs of 350 households, the […] Read more
Emmvee Announces New Solar Cell & Module Factory in Bengaluru Updated On Thu, Feb 23rd, 2023 by Saurenergy Solar PV player Emmvee Group has announced its new solar cell and module manufacturing facility at Dabaspet, Bengaluru, Karnataka. It held that the facility will be the most advanced and fully automated production line with built-up area of about 500,000 square feet. The project is part of the Emmvee expansion plan of a total of […] Read more
EU Saved €12 Billion Due to Wind & Solar Expansion Due to Ukraine-Russia Conflict: Ember Report Updated On Wed, Feb 22nd, 2023 by Saurenergy The conflict between Russia and Ukraine that continues for a year now has proved to be a ‘blessing in disguise’ for the European Union with regards to renewables. An analysis by Ember – an energy think tank – has revealed that the European Union has saved more than EUR 12 million through a switch from […] Read more
Electric Vehicle Growth Continues: Outlook for 2023 Updated On Wed, Feb 22nd, 2023 by Saurenergy Electric vehicles (EVs) registered a market disrupting growth through the last decade, more so in the last few years. Clean mobility technology remains one of the most important aspects of energy transition across the globe. The year 2022 was a significant year for EVs, and the expectations are that the trend will continue in 2023. […] Read more
