GIP to Acquire MAP Energy’s RE Business With Interest in 16 GW of Projects Updated On Wed, Dec 30th, 2020 by Saurenergy Global Infrastructure Partners (GIP) has announced the acquisition of MAP® RE/ES, the renewable energy business of MAP® Energy. Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, has announced the acquisition of MAP® RE/ES, the renewable energy business of MAP Energy. GIP’s fourth flagship fund, GIP IV, will acquire 100 percent of the MAP RE/ES investment […] Read more
Japan’s Orix to Acquire 80% Stake in Spains’ Elawan Energy Updated On Tue, Dec 29th, 2020 by Saurenergy Japan’s ORIX Corporation will invest in Elawan Energy, a global renewable energy firm headquartered in Madrid. Japan’s ORIX Corporation has announced that it has entered into an agreement to invest in Elawan Energy, a global renewable energy company headquartered in Madrid, Spain focused on the development and ownership of wind and solar PV power plants. […] Read more
Third Deadline Extension for EOI Submission for RE Solutions in Himalayas Updated On Tue, Dec 29th, 2020 by Saurenergy SECI has again extended the EOI deadline for its call for RE based solutions for meeting energy needs in remote areas of the Himalayas The Solar Energy Corporation of India (SECI) has issued a notification, extending the deadline for submission of Expression of Interest (EOI) for its call for renewable energy (RE) based solutions/ system/ technology […] Read more
BMW CEO Says Targeting 250K More E-Cars by 2023 Updated On Mon, Dec 28th, 2020 by Saurenergy The German luxury automaker, BMW is planning to boost E-car production by producing 250,000 more e-cars by 2023. The company CEO Oliver Zipse was quoted saying this in an interview with the German newspaper Augsburger Allgemeine. luxury carmakers have been faster to announce electric plans due to the higher costs of EV’s currently, which makes […] Read more
RWE Concludes Tax Equity Financing on 220 MW Cranell Onshore Wind Farm Updated On Wed, Dec 23rd, 2020 by Saurenergy RWE Renewables, one of the world’s leading renewable energy companies, has completed the successful tax equity financing of its 220-megawatt (MW) Cranell Onshore Wind Farm in Refugio County, Texas. The company secured tax equity financing with JPM Capital Corporation upon the Cranell project achieving commercial operation in the third quarter of 2020. “We are proud […] Read more
Vedanta Signs Declaration on Climate Change, Pledges to Carbon Neutrality Updated On Wed, Dec 23rd, 2020 by Saurenergy Vedanta, a leading natural resources company, has signed a declaration on climate change by pledging to move towards carbon neutrality. Vedanta, a leading natural resources company, has signed a declaration on climate change by pledging to move towards carbon neutrality at the Second India CEO Forum on Climate Change. The firm stated that the mission […] Read more
BayWa r.e. Completes Construction of 250 MW Amadeus Wind Farm in Texas Updated On Tue, Dec 22nd, 2020 by Saurenergy Project is largest wind farm completed to date in BayWa r.e.’s global portfolio BayWa r.e. has completed construction and achieved financial close of the Amadeus Wind project in Texas. Located northwest of Abilene in Rotan, the 250 MW wind farm has begun selling power into the grid and will generate enough clean, renewable energy to meet the electricity needs […] Read more
Uneven Grouping of Renewables Leading to Curtailments in India: TCCL Updated On Thu, Dec 17th, 2020 by Saurenergy Electricity demand in India grew at a CAGR of 5.1% over the last decade from FY 2011 to FY 2019. However, this fell to a mere 1.2% in FY 2020. India was already facing an economic slowdown, with industrial output declining to an 8-year low during the year, but compounded by the impact of the […] Read more
CM Mamata Banerjee Lauds Eco Friendly Approach In Bengal Updated On Tue, Dec 15th, 2020 by Saurenergy In a tweet yesterday, Chief Minister of West Bengal Mamta Banerjee claimed that Bengal has been the pioneer state in introducing environment-friendly transportation on such a large scale. “With environment-friendly electric bus and CNG bus service, Kolkata has also bagged international C40 Award for electric transportation system”, Mamata wrote. Today is National Energy Conservation Day. […] Read more
