OMERS Infrastructure to Pay $219 M for 19.4% Stake in Azure Power Updated On Mon, Aug 2nd, 2021 by Saurenergy Canada-based OMERS Infrastructure recently announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure Power Global Limited, for a total consideration of approximately US$219 million. Founded in 2008, Azure Power is a leading independent renewable power producer located […] Read more
Tata Power Tops CRISIL’s ESG Rankings Among Power Companies Updated On Thu, Jul 29th, 2021 by Saurenergy Tata Power, India’s largest integrated power company, has secured the highest score among its peers in the Indian Power sector in CRISIL’s, recently launched environmental, social and governance (ESG) scores. CRISIL, an S&P Global Company, is a provider of ratings, data, research, analytics, and solutions. By doing well on all ESG parameters viz. Environmental, Social […] Read more
Power Minister Highlights Steps Taken to Push 4000 MW Rooftop By 2022 Updated On Wed, Jul 28th, 2021 by Saurenergy Responding to a query in the Rajya Sabha, the Ministry of New and Renewable Energy is implementing Rooftop Solar Programme Phase II wherein grid connected RTS capacity aggregating 4000 MW by 2022 is targeted for installation in residential sector with provision of subsidy. For individual households, subsidy upto 40% of the benchmark cost is provided […] Read more
ST’s Bouskoura Plant to Use 50% Energy from Renewables by 2022 Updated On Wed, Jul 28th, 2021 by Saurenergy French-Italian semiconductor manufacturing company STMicroelectronics has announced that its Bouskoura site in Morocco will procure 50% of its energy from renewable sources by 2022 compared to 1% in 2020, as part of its action plan to achieve carbon-neutrality by 2027. ST has been present in Bouskoura for over 20 years with a back-end plant which employs […] Read more
Hitachi ABB Power Grids Commissions UHVDC Transmission Link in India Updated On Wed, Jul 28th, 2021 by Saurenergy Hitachi ABB Power Grids in India has announced the successful commissioning of one of India’s longest ultra-high voltage direct current (UHVDC) transmission links for Power Grid Corporation of India Limited. A +/-800 kilovolt (kV), 6,000MW transmission link that connects Raigarh, Chhattisgarh, with Pugalur, Tamil Nadu, and stretches over 1,800 kilometers. Notably, this transmission link can […] Read more
BSES Discoms 510 MW Hybrid Purchase Signals Demand Recovery For Renewables Updated On Fri, Jul 23rd, 2021 by Saurenergy The decision by the Delhi BSES discoms, BRPL and BYPL, to enter an agreement with SECI to purchase 510 MW of solar plus wind power signals a welcome return to demand recovery for renewable projects awaiting PPA’s. This is on the back of two key events, one that has happened, and another, that might be […] Read more
Global Electricity Demand Growing Faster than Renewables: IEA Report Updated On Fri, Jul 23rd, 2021 by Saurenergy Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report from the International Energy Agency. After falling […] Read more
Nextracker Adds 728 MW Projects From Intersect Power in US Updated On Wed, Jul 21st, 2021 by Saurenergy Nextracker has just scored a big win in a US solar project. Intersect Power, one of North America’s largest developers of utility-scale renewable energy, has announced Signal Energy as the engineering, procurement, and construction (EPC) firm and supply of the NX Horizon smart solar trackers and TrueCapture yield optimization software from Nextracker for two utility-scale […] Read more
French Firm Tysilio Brings Solar Power to Senegalese Farms Updated On Mon, Jul 19th, 2021 by Saurenergy Based out of Southern France, solar company Tysilio has signed a partnership agreement with Senegal’s National Programme for Community Agricultural Estates (Prodac) that will enable the construction of a containerised solar system with battery storage in farms in the south of the country. This project is expected to reduce farmers’ dependence on highly polluting generators. Tysilio […] Read more
