TNB picks up 30% equity stake in GMR Energy’s select portfolio of assets Updated On Tue, May 10th, 2016 by Saurenergy Malaysian power utility,Tenaga Nasional Berhad (“TNB”) has announced its entry into Indian power sector after signing a Subscription Agreement (“SA”) and Shareholders Agreement (“SHA”) with GMR Energy Limited (“GEL”). The Management Committee of GMR Infrastructure Limited (GIL) approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment […] Read more
S&C Electric Company completes one of the largest energy storage systems in Ohio Updated On Mon, May 9th, 2016 by Saurenergy S&C Electric Company has completed one of the largest energy storage systems in Ohio. The 7-MW system located in Minster, Ohio, was built in partnership with Half Moon Ventures (HMV) and the local municipal utility, the Village of Minster. The project at the Minster Solar + Storage Facility was officially inaugurated on May 6 t to the residents of Minster. […] Read more
ACME Wins Bids for 200 MW at SECI & NTPC Tenders in Andhra Pradesh and Telangana Updated On Sat, May 7th, 2016 by Saurenergy ACME has announced that it has bagged tenders for developing 200 MW solar power projects during separate tenders conducted by SECI and NTPC in Andhra Pradesh and Telangana, respectively. ACME won the largest share of 150 MW out of 400 MW in Andhra Pradesh at fixed tariff of Rs. 4.43 per unit in addition to […] Read more
AWS Truepower acquires the energy-related forecasting assets of MESO Updated On Thu, May 5th, 2016 by Saurenergy AWS Truepower has announced that it has acquired the energy-related forecasting assets from its long-term partner MESO, Inc. AWS Truepower collaborated with MESO Inc. for years in providing wind and solar power forecasting services to the utility and renewable energy industries around the world. With this partnership, AWS Truepower has become the top wind and […] Read more
Tata Power to acquire renewable energy assets of Welspun Group: Report Updated On Mon, May 2nd, 2016 by Saurenergy Tata Power is reportedly gearing up to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 MW portfolios of operational solar and wind farms. The ET citing sources close to the company reports that the deal may be valued at close to $1.45 billion inclusive of debt. Both the companies are in final […] Read more
Tata Power to raise share of its renewable energy output from its earlier target of 20% to 30-40% by 2025 Updated On Mon, Apr 25th, 2016 by Saurenergy Tata Power has decided to raise share of its renewable energy output from its earlier target of 20%, to 30-40% by 2025 reports PTI Currently the company has working capacity of 9,156 MW which include 693 MW of hydel, 593 MW of wind and 60 MW of solar sources. Speaking to PTI Tata Power managing […] Read more
Energy Efficiency Services limited gearing up to set up its 21st overseas office in New York Updated On Fri, Apr 22nd, 2016 by Saurenergy Capitalizing on the tag line, ‘I led the way’, the government owned company, Energy Efficiency Services limited (EESL) is gearing up to set up its 21st overseas office in New York in the near future. Union Minister of State for Power, Coal and New and Renewable Energy, Piyush Goyal speaking at the Renewable Energy Investors Roundtable […] Read more
Affordability, Access & Inclusiveness Driving India’s Energy Policies”: Piyush Goyal Updated On Thu, Apr 21st, 2016 by Saurenergy India is all set to become the largest energy market representing the aspirations of a billion plus people in the coming years. The growth story of the country is more significant in view of the global scenario when most developed economies are witnessing a declining trend in their energy demand. Power, Coal and New and […] Read more
ABB, IIT Madras enters into R&D partnership for microgrids & green energy Updated On Wed, Apr 6th, 2016 by Saurenergy ABB on Tuesday signed a memorandum of understanding with the Indian Institute of Technology Madras (IIT-M) to build microgrids as well as joint R&D in the field of rural electrification, utilization of natural non-fossil resources, battery energy storage and their connection to loads and main grid. The MoU signed also includes internship opportunities to post […] Read more
