France’s CMA CGM Creates Special Fund for Shipping Decarbonisation Updated On Wed, Sep 7th, 2022 by Saurenergy French shipping conglomerate CMA CGM Group is creating a Special Fund for Energies which is backed by a five-year $1.5 billion budget to accelerate its energy transition and achieve net-zero carbon by 2050. The official statement of CMA CGM revealed that the special fund will invest to support the industrial production of new fuels, as […] Read more
Shell & Green Tie Capital’s Solar Project in the Offing in Spain Updated On Wed, Sep 7th, 2022 by Saurenergy Global energy conglomerate, Shell plc, and Green Tie Capital- investment and development services provider related to renewable energy, have decided to work together to develop more than 2 GW of solar projects in Spain. It is anticipated that the initiatives will progress all over Spain. Nickel Asia Corp (NAC) subsidiary Emerging Power (EPI) and Shell […] Read more
NTPC, DVC Incorporate Green Valley Renewable Energy as Joint Venture Updated On Wed, Sep 7th, 2022 by Saurenergy The National Thermal Power Corporation (NTPC) has confirmed through a filing before the Bombay Stock Exchange (BSE) that its green energy arm NTPC Renewable Energy has incorporated Green Valley Renewable Energy to develop, operate and maintain renewable energy parks and projects. The new company will be a joint venture of NTPC with Damodar Valley Corporation […] Read more
KPI Green Energy’s 16.10 MW Hybrid Power Project to Come Up in Gujarat Updated On Wed, Sep 7th, 2022 by Saurenergy Under the 2018 Gujarat Wind-Solar Hybrid Power Policy, KPI Green Energy- a leading solar energy company in Surat, is installing green hybrid capabilities at Bhavnagar totaling 16.10 MW. According to the firm, this 16.10 MW hybrid power project will include solar energy project (10 MWdc) and wind energy project (6.10 MW ) capacity that will be […] Read more
ALMM, BCD Update- Developers Hope For Relief Soon Updated On Tue, Sep 6th, 2022 by Saurenergy Informed sources indicate that there are strong chances of the government considering developer pleas for extending applicability of ALMM conditions for domestic projects. A meeting was held between industry representatives and Minister of Power, New and Renewable Energy R K Singh on September 6. The agenda was a review meeting with key developers and other […] Read more
Robotic PV Panel Cleaning Firm Airtouch Solar Signs Agreement with ReNew Power Updated On Tue, Sep 6th, 2022 by Saurenergy Israel-based robotic PV panel cleaning specialist, Airtouch Solar has signed an agreement with ReNew Power, a leading Indian start-up that delves into renewable energy. Airtouch Solar signed orders in an overall scope of approximately USD 3.3 million with the Indian mega-corporation ReNew Power for the supply, installation, operation and maintenance of solar panels cleaning robots […] Read more
Reliance Industries to Acquire Majority Stake in Solar Digital Platform SenseHawk Updated On Tue, Sep 6th, 2022 by Saurenergy Reliance Industries Limited (RIL) has signed definitive agreements to acquire a majority stake in California based SenseHawk for a total transaction value of USD 32 million, including funding for future growth, commercial rollout of products and R&D. Founded in 2018, SenseHawk is an early-stage California-based developer of software-based management tools for the solar energy generation industry. SenseHawk […] Read more
Egypt Looks to Construct Two Large Solar, Wind Projects Updated On Tue, Sep 6th, 2022 by Saurenergy The Egyptian government is mulling over the development of two large renewable energy projects to cut its reliance on fossil fuel based power according to reports. Two solar and wind energy plants will be constructed in the North African Arab. The New and Renewable Energy Authority (NREA), which is mandated with the development of clean […] Read more
US-Based Arevon Secures $400M Green Loan for Solar, Storage Portfolio Updated On Tue, Sep 6th, 2022 by Saurenergy To finance the development of a 6 gigawatt (GW) pipeline of solar and storage projects in the Midwest, Southeast, and California, Arevon Energy, a US based renewable energy leader, has obtained a $400 million green loan fund credit facility from the Canadian Imperial Bank of Commerce (CIBC) and KeyBank N.A. The timing of this fundraising […] Read more
