Shell Completes Acquisition Of Renewables Platform Sprng Energy Group Updated On Tue, Aug 9th, 2022 by Saurenergy Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has completed 100% acquisition of Solenergi Power Private Limited and along with it, the Sprng Energy Group of Companies from Actis Solenergi Limited (Actis)- a leading global investor in sustainable infrastructure Sprng Energy, set up in 2017 by Actis, is a renewable energy […] Read more
Reliance’s Ambani Singles Out Green Initiatives As Game Changer In Message To Shareholders Updated On Mon, Aug 8th, 2022 by Saurenergy Mukesh Ambani, Chairman and Managing Director at Reliance Industries, in his annual message to shareholders, has highlighted progress on the group’s green energy initiatives as a key area to watch for the future. The group, which had announced a commitment to invest $10 billion into it’s new energy initiatives in 2021, has made significant progress […] Read more
First Solar Announces Q2 2022 Financial Results: QoQ Growth 99% Updated On Tue, Aug 2nd, 2022 by Saurenergy US solar panel manufacturer First Solar has announced its Second quarter (Q2) 2022 financial results, reporting net sales worth $621 million for the second quarter, an increase of $254 million from the prior quarter. This 99% increase in QoQ was primarily a result of increased module sales volume and a gain on the sale of […] Read more
NTPC Q1 Results, Revenues up 43% YoY, Profits up 15% Updated On Fri, Jul 29th, 2022 by Saurenergy NTPC Limited, India’s largest power generator and the engine of it’s future renewable growth plans, has reported results for the Q1 of FY 23. The consolidated results have come out with a strong topline growth in revenues, even as profit growth was somewhat muted, due to the impact of higher input costs, especially coal. At […] Read more
Universal Solar To Open 600 MW PV Module Factory In Panama Updated On Thu, Jul 28th, 2022 by Saurenergy Large scale solar energy player Universal Solar has announced that it is in the process of opening a solar photovoltaic (PV) module manufacturing facility in Panama to supply U.S. and global solar developers and installers, and address challenges in the solar industry. The announcement was made by Chief Executive Officer (CEO) and Founder John Bereckis. […] Read more
Germany To Reduce Electric Car Subsidies Starting Next Year Updated On Thu, Jul 28th, 2022 by Saurenergy In a major move, Germany’s Economy Ministry has announced that the government will reduce the subsidies or financial incentives on the purchase of electric cars from next year. This is a result of an agreement reached between the coalition partners. It is being said that rising adoption of EVs has already made the government subsidies […] Read more
GE Signs Deal With Arafura, Eyes Rare Earths For EV & Wind Turbines Updated On Thu, Jul 14th, 2022 by Saurenergy Arafura Resources Limited and GE Renewable Energy have signed an MoU to forget a partnership in the set up of a sustainable supply chain for Neodymium-Praseodymium (NdPr) central to energy transition. The parties are looking at negotiating a long-term sales agreement for GE to purchase NdPr from Arafura’s Nolans Project in central Australia. The agreement […] Read more
BP And Thyssenkrupp Steel Sign MoU On Supply Of RE In Steel Production Updated On Tue, Jul 12th, 2022 by Saurenergy British Oil major BP and German metal working giant Thyssenkrupp Steel have signed an MoU to ensure long-term supply of low carbon hydrogen and renewable power for steel production. Among the renewable options for both the companies are blue hydrogen, green hydrogen, wind and solar generation through solar purchase agreements. Steel accounts for 8-11% of […] Read more
NTPC Plans to Raise Rs 5000 Crore From Sale In Renewable Firm Continues On Track Updated On Mon, Jul 11th, 2022 by Saurenergy State-owned National Thermal Power Corporation (NTPC) plans for a stake sale in its green arm in October this year seem to be moving on schedule. The power giant plans to raise upto Rs 5,000 crore through a stake sale while retaining control over the firm. The power major has begun to collect inputs from sovereign […] Read more
