European Utility Firm Vattenfall to Build Finland’s First Large Offshore Wind Farm Korsnäs Updated On Wed, Dec 21st, 2022 by Saurenergy Swedish state-owned power conglomerate, Vattenfall has said that it has entered into a joint venture with Metsähallitus, is a state owned enterprise of Finland, to build and operate Finland’s first major offshore wind farm. The official statement by Vattenfall held that the project, located at Korsnäs off the Finnish west coast, will have a capacity […] Read more
Financial Agreements Signed to Fund World’s Largest Green Hydrogen Project in Neom Updated On Tue, Dec 20th, 2022 by Saurenergy Neom Green Hydrogen Company (NGHC) has signed multiple financial facility agreements with local, regional and international banks and financial institutions to support the construction of the world’s largest green hydrogen production plant in Neom, the sustainable city project in Saudi Arabia. The quantum of funds committed by the lenders with Saudi Industrial Development Fund (SIDF) […] Read more
Amara Raja Power Selects Nextracker to Supply Solar Trackers to NTPC’s Plant Updated On Tue, Dec 20th, 2022 by Saurenergy NTPC’s Nokh Solar Project, which will soon be one of India’s largest solar parks, will use Nextracker’s award-winning solar trackers. Nextracker is the world’s leading provider of intelligent solar trackers and software solutions. The company recently announced the signing of a master supply agreement (MSA) with Amara Raja Power Systems Limited. This 1,850-hectare project, which […] Read more
Repsol Buys RE Investment Platform Asterion Energies to Add 7.7 GW to Portfolio Updated On Tue, Dec 20th, 2022 by Saurenergy Spanish multinational energy and petrochemical company – Repsol – has announced the signing of the acquisition of Asterion Energies from European infrastructure fund Asterion Industrial for EUR 560 million plus up to EUR 20 million in contingent payments. Repsol said it looks to become a global player in renewable energy and strengthen its position in […] Read more
The Firms Reliance Bet On For Storage and Cell Manufacturing Updated On Mon, Dec 19th, 2022 by Saurenergy One of the largest private sector corporations in India and a multinational conglomerate, Reliance Industries Ltd. has shown a growing interest in the energy storage sector. Reliance New Energy Limited, a subsidiary firm, designated for its clean energy bentures has been busy – acquiring, signing agreements, or investing in firms. Be it Netherlands based LithiumWerks, […] Read more
Mahindra Logistics Unveils Net-Zero Warehouse in Telangana District Updated On Fri, Dec 16th, 2022 by Saurenergy An integrated third-party logistics (3PL) service provider, Mahindra Logistics Ltd. (MLL) has built a new net-zero facility using a sustainable storage design that includes multi-client capabilities, renewable energy, resource conservation, and green cover. The 3.7 lakh square foot modern net-zero multi-client warehouse is located in the Aruna Industrial Park in the Banda Mailaram hamlet of […] Read more
Verbund AG enters Italy with 250 MWp Solar PV Project Updated On Wed, Dec 14th, 2022 by Saurenergy Verbund AG has announced that its Executive Board has approved the company’s market entry into the Italian market. Verbund AG has signed a cooperation agreement with the PV-Invest Group for the acquisition of a project development company including development of a solar photovoltaic (PV) project portfolio of up to 250 MWp. Verbund said that the […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
MSEDCL Discovers Price of Rs 9.0/kWh in 250 MW Solar with Storage Tender Updated On Tue, Dec 13th, 2022 by Saurenergy The 250 MW solar project power purchase auction for the Maharashtra State Electricity Distribution Company (MSEDCL) has concluded Ayana Renewables Power Private Limited (ARPPL) and NTPC Renewable Energy as the winners. MSEDCL’s decided opening tariff was 9.65/kWh, while the awarded capacity tariff was 9.0/kWh. Ayana Renewables Power Private Ltd (ARPPL) and NTPC Renewable Energy, both […] Read more
