Saudi Arabia’s PIF Acquires 9.5% Stake in Offshore Wind Player Skyborn Renewables Updated On Wed, Dec 14th, 2022 by Saurenergy The Public Investment Fund (PIF), the Kingdom of Saudi Arabia, has announced the acquisition of up to 9.5% in Germany based offshore wind developer and operator Skyborn Renewables, alongside Global Infrastructure Partners (GIP) which is a global, independent infrastructure investment fund. The Saudi Government has said that the investment will allow PIF to participate in […] Read more
Pre-Series A Financing Led by Inflection Point Ventures Raises 11.5 Cr for Buyofuel Updated On Fri, Nov 18th, 2022 by Saurenergy Tamil Nadu-based online marketplace for alternative fuels, Buyofuel has raised more than Rs 11.5 crore in a Pre-Series A round led by Inflection Point Ventures, a Gurgaon-headquartered angel investing platform. Venture Catalysts, LetsVenture, Lead Angels Fund, and Gruhas Proptech participated in the round. The funds raised will be used to develop product offerings, technology, and […] Read more
After Promising Start, Karnataka Increases GIM Investment Plans Updated On Thu, Nov 3rd, 2022 by Saurenergy After the Global Investors’ Summit got off to a strong start, Karnataka increased its fundraising target by Rs 2.5 lakh crore to Rs 7.5 lakh crore, according to Union Finance Minister Nirmala Sitharaman. “When this global meeting was first being arranged, their initial expectations and goals were in the neighborhood of 5 lakh crore. Now […] Read more
ABC Cleantech Signs Rs 50,000 Cr MoU to Set Up Green Hydrogen Plant in Karnataka Updated On Thu, Nov 3rd, 2022 by Saurenergy ABC Cleantech recently announced that it had signed a Memorandum of Understanding (MoU) with the Government of Karnataka as part of “INVEST Karnataka 2022” for setting up a green hydrogen production unit. According to the company, this unit will produce 0.2 million tonnes of green hydrogen annually and 1 million tonnes of green ammonia annually, […] Read more
CSIR & KPIT Develop Hydrogen Fuel Cell Bus, Launch it in Pune Updated On Tue, Aug 23rd, 2022 by Saurenergy The Council for Scientific and Industrial Research (CSIR) and KPIT Limited unveiled a domestically produced hydrogen fuel cell bus on Sunday (21st August 2022) in Pune. Kirtaney Pandit Information Technologies (KPIT) is an automotive & mobility ecosystem for making software-defined vehicles a reality company. On the occasion, the Union Minister of State for Science and […] Read more
Actis Buys 400MW Solar Assets Of Kolkata-Based Atha Group Updated On Wed, Aug 10th, 2022 by Saurenergy In a key development, Actis LLP has emerged successful in the bid to obtain solar power based assets of 400 MW from Kolkata-based Atha Group. The equity value had been pegged at $100 million. As per reports, sale purchase agreement is already inked between the two companies. The deal of the solar power assets is […] Read more
Karnataka Milk Cooperative Tender For 100 MW Open-Access Solar Project Updated On Thu, Jul 21st, 2022 by Saurenergy Karnataka Cooperative Milk Producers Federation (KMF) has invited bids for 100 MW of open-access solar power projects under the group captive model. The last date for submitting the bid for this 100 MW solar power project is August 16, 2022, and bids will be opened on August 18, 2022. This 100 MW of KMF (Karnataka […] Read more
IH2A’s Green Hydrogen Hub Plan For India Updated On Fri, Jul 1st, 2022 by Saurenergy Industry body India Hydrogen Alliance (IH2A), a coalition of firms focused on India’s green hydrogen pathways with Chart industries, Reliance Industries and JSW Steel as key members, has a plan for the government. IH2A has proposed a 25/25 National Green Hydrogen Hub Development Plan for creation of 25 National Green Hydrogen Projects and Five National […] Read more
The Top 5: Steel Companies in India & Their Commitments to Reduce CO2 Emissions Updated On Fri, May 27th, 2022 by Saurenergy The Iron and Steel industry is one of the most crucial parts of human existence. The development of any nation is directly linked to its steel consumption. The story is no different for India which is not only a consumer but also a significant producer of steel. Besides, producing 120 Million Tonnes (MT) of crude […] Read more
