Indian Oil, L&T, ReNew Power in JV For Green Hydrogen Updated On Mon, Apr 4th, 2022 by Saurenergy In a bid to enable India’s decarbonization push, Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), India’s premier engineering & construction conglomerate, and ReNew Power (“ReNew”), India’s leading renewable energy company, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen […] Read more
SJVN incorporates new arm for clean energy business Updated On Fri, Apr 1st, 2022 by Saurenergy State-owned Satluj Jal Vidyut Nigam (SJVN) on Thursday said it has incorporated a new subsidiary for executing renewable projects. The new subsidiary, SJVN Green Energy Ltd (SGEL), shall work in the verticals of power generation from renewable sources such as solar parks, wind & hybrid projects, battery energy storage system, assets creation in wave, biomass, […] Read more
NTPC generated record 360 BU of energy during FY21-22 Updated On Fri, Apr 1st, 2022 by Saurenergy NTPC, India’s largest integrated power generating company, has reported the highest-ever annual group generation of 360 BU (billion units) during FY2021-22, a growth of 14.6% compared to the previous year. During this period, NTPC states, the company also recorded the highest-ever single day generation of 1215.68 MU (Group) & 1013.45 MU (NTPC). The coal-based plants […] Read more
How are national oil companies tackling energy transition: Woodmac Updated On Thu, Mar 31st, 2022 by Saurenergy Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, the energy transition strategies of most NOCs significantly lag those of their leading IOC peers, says Wood Mackenzie. NOCs account for more than half of global oil and […] Read more
Andrew Forrest, The Aussie Metals Billionnaire-turned Green Investor Updated On Thu, Mar 31st, 2022 by Saurenergy “Our organisations will be going like crazy because for us it’s a minimum $50 billion expenditure,” said Fortescue Metals Group’s billionaire founder Andrew Forrest this week while referring to a major agreement, as per which his Australian iron ore mining company will produce 10 million tonnes of hydrogen for German energy giant E.ON. Fortescue later […] Read more
British Intl Invt invests $89 M to scale renewable energy in India Updated On Thu, Mar 31st, 2022 by Saurenergy British International Investment, formerly CDC Group, the UK’s development finance institution (DFI) and impact investor, has announced a total commitment of $89 million to scale renewable energy capacity in India. The DFI’s investment is comprised of a Rs 350 crore (US $47 million) follow-on commitment to Fourth Partner Energy, and a Rs 315 crore (US […] Read more
Karnataka Renewable Energy Policy Approved By State Cabinet Updated On Thu, Mar 31st, 2022 by Saurenergy The Cabinet of the State Government of Karnataka has cleared the Karnataka Renewable Energy Policy for the period of 2022-2027, that seeks to maintain the state’s reputation as a renewable energy leader. The policy says that in the next five years, Karnataka will have a renewable power generation capacity of 10 GW. The policy wants […] Read more
Endesa’s €600 million RE park in Portugal to have Solar, Wind and Green Hydrogen Updated On Tue, Mar 29th, 2022 by Saurenergy Enel Group subsidiary Endesa Generación Portugal will develop a renewable energy park that will have solar, wind and green hydrogen projects. This will require an investment of €600 million in the Abrantes region of Portugal. Endesa has also been awarded rights to build a 168.6 megawatt (MW) battery energy storage system (BESS) also that will […] Read more
Japanese Researchers Discover More Sustainable Way for Producing Green Hydrogen Updated On Mon, Mar 28th, 2022 by Saurenergy As per a study published in Nature Catalysis, researchers at the RIKEN Center for Sustainable Resource Science, Japan, have found a more sustainable and efficient method for producing green hydrogen from water. The team of researchers has employed cobalt and manganese in electrolysis instead of rare earth materials to produce green hydrogen which is required […] Read more
