Tata Power Inks Pact with MGL to Expand Footprints in e-mobility, Other Services Updated On Mon, May 13th, 2019 by Saurenergy This deal is the fourth major partnership of an electric utility company with an energy retailer to further expand its presence in the e-mobility space. In order to become future ready, utility giant Tata Power has entered into an agreement with one of the country’s leading city gas distribution companies, Mahanagar Gas Ltd (MGL), to […] Read more
Ørsted Issues Green Bonds to Finance Next Wave of Offshore Wind Projects Updated On Fri, May 10th, 2019 by Saurenergy The investment strategy will include the investment in the biggest offshore wind farm in the world, the Hornsea 2 in the United Kingdom with a capacity of 1,386 MW. The largest energy company in Denmark and the world’s largest offshore wind energy developer, Ørsted has successfully issued green bonds. The company announced in a statement […] Read more
Innergex Closes Construction Financing For its 328 MW Texas Wind Farm Updated On Fri, May 10th, 2019 by Saurenergy The facility is expected to produce a gross estimated long-term average of 1,230 GWh and will be the largest wind farm project built by Innergex. Canadian renewable energy solutions firm, Innergex Renewable Energy has announced the closing of a construction financing and tax equity commitment for the Foard City wind project located in Foard County, […] Read more
United States Hits 2 Mn Solar Installations, 4 Mn Expected by 2023: Report Updated On Fri, May 10th, 2019 by Saurenergy The report forecasts that there will be 3 million installations in 2021 and 4 million in 2023, continuing the swift rise of solar. A new report has revealed that the United States has crossed the 2 million solar PV installations landmark. Progressing at an astonishing rate, the second million installations came in a period of […] Read more
NTPC Ordered to Release Bank Guarantees of 3 IPPs in Rajasthan Updated On Thu, May 9th, 2019 by Saurenergy The commission ruled that the retention of the performance bank guarantees by NTPC was illegal and arbitrary. NTPC Ltd. has been ordered by the Central Electricity Regulatory Commission (CERC) to release the performance bank guarantees (PBG) of three independent power producers (IPP) operating in the Bhadla Solar Park in Rajasthan. The commission responded in response […] Read more
Vestas Reports Drop in Earnings in Q1 Results Updated On Thu, May 9th, 2019 by Saurenergy Denmark-based turbine manufacturer and wind energy solutions provider, Vestas, recently issued its financial results for the first quarter (Q1) of 2019. The financial report revealed that in the first quarter of 2019, the company generated revenue of EUR 1,730 million, marking an increase of 2 percent compared to the same period last year. However, the […] Read more
Walmart Signs Deal With C2 Energy Capital For 46 Solar Projects Across US Updated On Thu, May 9th, 2019 by Saurenergy C2 Energy Capital, LLC announced on May 8 that it executed 46 Power Purchase Agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states. Founded in 2014, C2 Energy Capital, LLC is an investor in renewable energy and storage assets. The Firm provides capital and support services for […] Read more
Aviation Task Force to Tackle One of Wind Energy’s Biggest Hurdles Updated On Wed, May 8th, 2019 by Saurenergy WindEurope has launched a new Aviation Task Force, gathering a wide range of stakeholders to tackle one of the major challenge areas for wind energy. According to many in the wind energy sector, aviation-related issues are now the leading cause of permitting problems across the several Member States. And the launch of the Aviation Task […] Read more
IEA Offers Insight to Morocco’s Energy Transition Updated On Wed, May 8th, 2019 by Saurenergy The International Energy Agency (IEA) has in its latest in-depth review of Morocco’s energy policies, highlighted the institutional, legal and fiscal reforms undertaken to promote the sustainable development of the country’s energy sector. Since the last review in 2014, the agency noted the government’s positive efforts to boost renewable investment, provide access to electricity, and […] Read more
