Reliance Adds NexWafe In Strategic Bets with EUR 25 million Investment Updated On Wed, Oct 13th, 2021 by Saurenergy Reliance Solar Energy Limited (RSEL), the subsidiary fronting renewable energy investments from Reliance Industries, has entered into an agreement with Germany-based NexWafe GmbH (NexWafe) for acquiring 86,887 series C preferred shares of face value of EUR 1 each. RSEL will also be issued 36,201 warrants which are exercisable for a consideration of EUR 1 per […] Read more
Vensys to Supply Turbines to Repower RES’ 24 MW WInd Farm in France Updated On Tue, Oct 12th, 2021 by Saurenergy RES SAS, the Turkey-based subsidiary of RES, has ordered 16 turbines from German gearless wind turbine manufacturer Vensys for the repowering of 24 MW of the Souleilla-Corbières wind farm in the south of France. The deal is for Vensys62 1.5MW gearless machines with hub heights of 49 meters. Souleilla-Corbières currently has a capacity of 20.8 MW […] Read more
GE Renewable Confirms 900 MW Wind Order, Tests 14 MW Haliade-X Turbine Updated On Tue, Oct 12th, 2021 by Saurenergy GE Renewable Energy confirmed on October 11 that it received a firm order in September, to supply its Haliade-X offshore wind turbines to the 800MW Vineyard Wind 1 project. In December 2020, it was the designated preferred supplier. The Vineyard Wind is currently building the first utility-scale offshore wind energy project over 15 miles off […] Read more
Bill Gates Backed Iron Battery Firm ESS Listed on NYSE Updated On Tue, Oct 12th, 2021 by Saurenergy Large Battery firm ESS, with its listing on the New York Stock Exchange (NYSE), can now claim to be the first publicly traded long duration storage company in the world. The firm, which went public through a SPAC (Special Purpose Acquisition Company) with Acon S2 Investment Corp. has started trading on the New York Stock […] Read more
Pole-mounted EV Charging Stations Set up in Kerala Updated On Tue, Oct 12th, 2021 by Saurenergy The Kerala State Electricity Board (KSEB) is going in for ‘pole-mounted charging stations’ for electric vehicles in a big way. To be launched with 10 charging stations mounted on electricity poles in Kozhikode city, Kerala, on Saturday, the programme will be extended to other parts of the State with 1,000 units in Phase II. The […] Read more
Global Microgrids Market to Reach $46 B by 2026, China to be at $12 B Updated On Tue, Oct 12th, 2021 by Saurenergy Global market for microgrids estimated at US$27 billion in the year 2020, is projected to reach a revised size of US$46.5 billion by 2026, growing at a CAGR of 9.3% over the period, according to a new report. Key highlights of the “Microgrids: Global Market Trajectory & Analytics” report are given below: Global Micro Grids Market to […] Read more
Faster RE Adoption Can Cut Power Gen Cost by 50% by 2050: Wärtsilä Updated On Mon, Oct 11th, 2021 by Saurenergy Electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned, reports a new study by Wärtsilä. The technology group has issued the ‘Front-Loading Net Zero’ report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, […] Read more
Nanotech Firm Log 9 Materials Raises $2 M from Petronas Ventures Updated On Mon, Oct 11th, 2021 by Saurenergy Bengaluru-headquartered advanced battery-tech and deep-tech start-up Log 9 Materials has concluded its Series A+ capital raise round of $10 Million by announcing $2 Million investment from PETRONAS Ventures – the venture capital arm of PETRONAS, a global energy and solutions company. PETRONAS is ranked amongst the largest corporations on Fortune Global 500. This Series A+ […] Read more
Reliance Acquires REC Group in $771 Million Buy Out Updated On Sun, Oct 10th, 2021 by Saurenergy In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […] Read more
