Scottish RE Trade Body Urges UK to Reform Grid Charging Regime Updated On Tue, Nov 16th, 2021 by Saurenergy Industry body Scottish Renewables has reaffirmed its calls for the UK Government and Ofgem, the energy regulator, to work together in the spirit of COP26 to achieve a solution to the Transmission Network Use of System (TNUoS) charging regime, as the government had previously committed to do in its recent energy white paper. The current […] Read more
UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual also aims at supporting Low Carbon’s ambition to raise third-party investment funds with the goal of directing capital into […] Read more
UK Climate Investments, Norfund Invest in South African Wind Portfolio Updated On Tue, Nov 16th, 2021 by Saurenergy Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around […] Read more
TN CM to Center: ‘Come Out with Viable Policy on Offshore Wind Energy’ Updated On Tue, Nov 16th, 2021 by Saurenergy Tamil Nadu Chief Minister M.K. Stalin has urged the Central government to come out with a viable policy on harnessing offshore wind energy, according to media reports. Speaking at the Southern Zonal Council meeting held in Tirupathi on Sunday, Stalin said the state has huge potential to harness offshore wind energy. “However, we are yet […] Read more
Adani Green’s Q2 Analyst Call Highlights Updated On Tue, Nov 16th, 2021 by Saurenergy Adani Green Energy Limited, the main vehicle leading the group’s green energy push as a developer held it’s analyst call on October 29, shortly after its Q2 results were declared. While the results highlighted the strong growth, as well as the closure of the 5 GW SB Energy deal, starting up of PPA’s under the […] Read more
Norway Will Help Vietnam Uncover its Offshore Wind Power Potential Updated On Mon, Nov 15th, 2021 by Saurenergy Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the ‘Vietnam Supply Chain Study Report’ to Vietnamese Minister of Industry and Trade Nguyen Hong Dien. The 70-page report provides an overview of the entire supply chain for Vietnam’s offshore wind industry, recommendations on what Vietnam can prioritise to stimulate the […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
Suzlon Group Q2 FY22 Results: Rs 12.40 Cr Net Loss Updated On Mon, Nov 15th, 2021 by Saurenergy Pune-headquartered renewable energy solutions provider Suzlon Group has announced its second quarter results for the financial year 2021-22 (Q2 FY22). Suzlon reports a net loss of Rs. 12.40 crores. Other key highlights of Suzlon Group Financial Results Q2 FY22 are as follows: Revenue : Rs. 1,346.51 crores EBITDA: Rs. 232.71 crores EBITDA margin: 17.28 % EBIT: Rs.171.45 […] Read more
Engie, Credit Agricole Agree To buy Spanish Form Eolia Renewables for €2 bn Updated On Mon, Nov 15th, 2021 by Saurenergy French energy major Engie and insurance firm Crédit Agricole Assurances acquiring Spanish renewable energy company Eolia Renovables. By the end of the transaction, the two firms will own 97.33 % of Eolia. The deal will add 821MW of onshore wind capacity, 78MW of solar photovoltaic (PV) capacity and a pipeline of renewable projects whose total […] Read more
