National Grid and RWE Renewables Sign Partnership to Jointly Bid in the New York Bight Lease Auction Updated On Fri, May 21st, 2021 by Saurenergy Partnership supports both companies’ goals to advance a clean energy future for all and achieve net zero National Grid, one of the world’s largest publicly listed utilities, and RWE Renewables (RWE), one of the world’s leading renewable energy companies, today announced the signing of a partnership agreement to jointly develop offshore wind projects in the coastal region […] Read more
Maire, Mytilineos Conduct Joint Feasibilty Study on Green H2 Plant in Italy Updated On Fri, May 21st, 2021 by Saurenergy In a joint statement released yesterday, Italy-based Maire Tecnimont’s subsidiary NextChem and Greece-based MYTILINEOS’ Renewable and Storage Development Business Unit (RSD BU) announced their signing of an agreement to together carry out a feasibility study for the development of a green hydrogen plant in Italy. NextChem is Maire Tecnimont’s subsidiary operating in the field of […] Read more
Magenta Closes Series A Round With new Commitments Worth $15 Mn Updated On Fri, May 21st, 2021 by Saurenergy EV charging solutions firm Magenta EV Solutions has confirmed commitment in excess of USD 15 million in Series A funding. Navi Mumbai-based, Electric Vehicle (EV) charging solutions company, Magenta EV Solutions has confirmed a commitment in excess of USD 15 million (Rs 120 crore) in Series A funding from eminent Indian-American cardiologist, philanthropist billionaire and […] Read more
Etrio Steps Into E4W Light Commercial Vehicle Segment Updated On Thu, May 20th, 2021 by Saurenergy Hyderabad-based electric vehicle (EV) maker Etrio has announced that it is planning to step into the electric 4-wheeler (E4W) light commercial vehicle (LCV) segment along with plans to launch more electric 3-wheeler products. The EV maker also announced its entry into the B2C segment with a pan-India dealership network endeavouring to increase adoption of its […] Read more
RE Certificates Worth Over Rs 9,000 Cr Sold in India to Date: CEEW-CEF Updated On Thu, May 20th, 2021 by Saurenergy According to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF), India’s Renewable Energy Certificate (REC) market has recorded net sales worth INR 9,266 crore during its decade of existence. The CEEW-CEF is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s leading think tanks. CEEW-CEF […] Read more
Is The SB Energy Exit A Worrying Sign For India? Updated On Thu, May 20th, 2021 by Saurenergy By Now, the news of SB Energy’s portfolio buyout by Adani Green Energy (AGEL) has been well reported. The 100% buyout of SB Energy India assets by AGEL for $3.5 billion, for a fresh 4954 MW of additions to AGEL’s total assets including project pipeline, has been cited as a possible warning sign for India’s […] Read more
CESL to procure 300 Electric Vehicles from Tata Motors Updated On Thu, May 20th, 2021 by Saurenergy CESL has placed a Letter of Award in favour of Tata Motors for the procurement of 300 electric vehicles. Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL) placed a Letter of Award in favour of Tata Motors for the procurement of 300 electric vehicles with 3 years of warranty. […] Read more
India Moves to 3rd in Latest Renewable Energy Attractiveness Index Updated On Thu, May 20th, 2021 by Saurenergy A piece of positive news has come from Ernst & Young Global Limited (EY), which released its 57th Renewable Energy Country Attractiveness Index (RECAI) yesterday, granting the third position to India due to its continued progress in solar energy. The biannual RECAI ranks the world’s top 40 markets on the attractiveness of their renewable energy investment […] Read more
Power Factors Set to Acquire Software Platform 3megawatt Updated On Wed, May 19th, 2021 by Saurenergy Costa Mesa-headquartered Power Factors, LLC, a leading renewable energy software provider in the U.S., announced today its entry into a definitive agreement to acquire 3megawatt GmbH, the German developer of the best-in-class BluePoint asset management software platform. Power Factors, LLC, offers hardware-agnostic software-as-a-service solution for performance monitoring, asset management, and optimization. 3megawatt’s mission is to […] Read more
