General Motors Secures 100% Energy Needed to Achieve RE Goal Updated On Fri, Oct 28th, 2022 by Saurenergy Auto giant General Motors has announced the finalization of energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. This is in line with the accelerated target which is five years ahead of the 2030 target announced in early 2021. Through this, GM expects to avoid […] Read more
GUVNL Invites RFS for 500 MW Solar Projects with Greenshoe Option Updated On Fri, Oct 28th, 2022 by Saurenergy Gujarat Urja Vikas Nigam (GUVNL) has floated a request for selection to purchase power through a competitive bidding process from 500 MW grid-connected solar PV power projects to be set up anywhere in India. There is a greenshoe option with an additional capacity of 500 MW (RFS for 500 MW). The last date for submitting […] Read more
Polish Energy Firm R Power Secures €30m Financing Agreement Updated On Thu, Oct 27th, 2022 by Saurenergy Poland-based solar developer R Power signed a €30m loan agreement with Eiffel Investment Group to facilitate the establishment of R Power’s solar projects across Europe. The loan was approved from bridge financing funds taken care of by the French investor for a time span of up to 18 months. The agreement also entails an option […] Read more
Norwegian Energy Associations Norwea, Energi Norge Merge Updated On Thu, Oct 27th, 2022 by Saurenergy Norwegian energy associations Norwea and Energi Norge have combined to create a new entity called Fornybar Norge. The new firm will be a large interest organisation committed to renewable energy in Norway. The said organisation will begin operations from January 1 next year. The merger received approval unanimously after both the companies organised their yearly […] Read more
European Commission to Allocate €3 Billion for Green Hydrogen Updated On Thu, Oct 27th, 2022 by Saurenergy Europe is ‘practically’ on its way to becoming the largest hydrogen player in the world as the European Commission plans to inject a massive investment in the hydrogen sector. Frans Timmermans, the European Commission Executive Vice President, has announced that €3 billion funds would be allocated from the next Innovation Fund large-scale call to support […] Read more
Hitachi Energy Wins NTPC REL Contract for Supplying Transformers Updated On Tue, Oct 25th, 2022 by Saurenergy Hitachi Energy India has revealed that it has bagged a contract by NTPC Renewable Energy (NTPC REL), which is a wholly owned subsidiary of NTPC. Under the contract, Hitachi will supply power transformers to NTPC for its 4.75 GW renewable energy park in the offing in Gujarat. This will be part of India’s largest solar […] Read more
Jakson Green In MoU To Develop $ 2.8 Billion Green Ammonia and Hydrogen Project in Rajasthan Updated On Tue, Oct 25th, 2022 by Saurenergy Jakson Green, the new energy transition platform backed by the Jakson Group, has signed a Memorandum of Understanding (MOU) with the Government of Rajasthan to invest about Rs 22,400 Crore in the State to set up a Green Hydrogen & Green Ammonia project in phases. The MoU was signed by Vish Iyer, Global Chief Commercial […] Read more
Baseload Capital Raises $24 Million To Bolster Geothermal Energy Updated On Fri, Oct 21st, 2022 by Saurenergy Swedish climate investment firm Baseload Capital has made a $24 million investment in geothermal energy. Thanks to a $25 million loan facility it secured with Sustainable Development Capital of London in the spring, Baseload Capital has received more than $45 million. While the credit allows for flexible financing for the commissioning of future geothermal power […] Read more
Revfin Raises $10 Mn from Green Frontier Capital to Expand EV Financing Updated On Thu, Oct 20th, 2022 by Saurenergy Revfin, a Delhi-based EV finance platform for individual drivers, announced that its Series A round of fundraising, totaling $ 10 million in stock and debt, has been closed. In addition to participation from current investors, the funding round was led by Green Frontier Capital (GFC), India’s first-ever venture capital fund that specialises in climate investments […] Read more
