Tata Power RE Ltd (TPREL) Gets Second Slice of INR 2,000 Cr Infusion from GreenForest Updated On Thu, Mar 2nd, 2023 by Saurenergy Tata Power Renewable Energy Limited ((TPREL) is set to lead in the renewable business as it has received the second and final round of investment of INR 2,000 crore from GreenForest New Energies Bidco Limited (GreenForest). Tata Power has successfully allotted 20 crores compulsorily convertible preference shares (CCPS) at face value of ₹100 each at […] Read more
Germany’s Consul General Says Germany Looking to Partner with K’taka on Renewable Energy Updated On Thu, Mar 2nd, 2023 by Saurenergy Achim Burkart, Consul General, German Consulate, Bengaluru, has said that Germany is looking for partnership with Karnataka. The country is eager to work with the Indian state on green and renewable energy projects. Burkart established that Karnataka boasts of the highest share of renewable energy mix. This fact makes it an ideal destination for exploring […] Read more
OYA Renewables Secures $216 Million For New York Community Solar Pipeline Updated On Thu, Mar 2nd, 2023 by Saurenergy US based energy transition solutions platform OYA Renewables has announced that it has secured a total of $216 million in financial backing for the construction of as many as 15 community solar development projects throughout the state of New York. This is expected to give a fresh push to community based solar power in the […] Read more
EDF Renewables Acquires 529 MWp Solar Portfolio from MEC Energy in Germany Updated On Wed, Mar 1st, 2023 by Saurenergy Global renewable energy player EDF Renewables has acquired 17 greenfield solar photovoltaic projects with a total capacity of 529 MWp from MEC Energy, a renewable project developer based in Germany. In the transaction, Capcora, a German consulting company, acted as the exclusive sell-side M&A advisor MEC Energy which is a German project developer and part […] Read more
RWE, Northland Power Select Vestas for 1.6 GW Offshore Wind Cluster Updated On Wed, Mar 1st, 2023 by Saurenergy Global wind energy developers RWE and Northland Power have announced that they are making significant progress on the deployment of their Nordseecluster. The companies have selected Vestas as the preferred supplier for their up to 1.6-gigawatt (GW) cluster consisting of four offshore wind farm sites in the German North Sea. RWE said that a minimum […] Read more
NTPC Transfers 15 Renewable Energy Assets Worth Over Rs 10,000 Cr to Subsidiary NGEL Updated On Wed, Mar 1st, 2023 by Saurenergy India’s largest power utility NTPC has transferred 15 renewable energy assets worth Rs 10,0066.99 cr to its wholly-owned subsidiary, NGEL (NTPC Green Energy Ltd). The transfer was achieved under a Business Transfer Agreement under the aegis of the National Monetization Pipeline (NMP) of Government of India. The NMP sets mandate for the transfer of revenue […] Read more
Available Power, Linxon Unveil Strategic Partnership for Over 1 GW BESS Development Updated On Wed, Mar 1st, 2023 by Saurenergy Battery storage developer Available Power and Linxon have partnered to scale the North American energy storage market as Linxon has already secured access to the necessary equipment supply to deliver on the first tranche of Available Power’s 1,000+ MW (over 1 GW) front-of-meter project pipeline in Texas’s ERCOT market territory. Linxon is a joint venture […] Read more
L’Oréal Signs Agreement with EDF for Renewable Energy Updated On Tue, Feb 28th, 2023 by Saurenergy French personal care company L’Oréal has partnered for renewable energy with EDF Renewables through a PPA. EDF Renewables is a wholly-owned subsidiary of the French utility EDF Group. As per the 15-year agreement, EDF will be focussing on two solar parks located in the Corrèze and Vosges regions, where EDF will be able to produce […] Read more
Himachal Pradesh Allows Non-Himachal Pradesh Solar Power Generators to Establish Projects Updated On Tue, Feb 28th, 2023 by Saurenergy It looks like that Himachal Pradesh is acting in letter and spirit to make the state truly the first ‘Green State’ of India by the middle of this decade. In a new but significant move, Himachal Pradesh’s nodal agency for renewable energy programmes – Himurja – has now decided to allow power producers from outside […] Read more
