bp, ADNOC and Masdar Partner for Green Solutions for UK & UAE Updated On Mon, Sep 20th, 2021 by Saurenergy bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy, creating potentially thousands of energy jobs, said a joint statement last week. The first agreement would see the companies collaborate to initially develop 2GW of low carbon hydrogen across hubs […] Read more
APTEL Rules In Favour of PGCIL On Cost Overruns Updated On Mon, Sep 20th, 2021 by Saurenergy In an important ruling, the Appellate Tribunal for Electricity (APTEL) has ruled in favour of Power Grid Corporation of India Limited (PGCIL) on the issue of additional costs incurred due to time overruns on setting up transmission infrastructure. PGCIL had suffered a setback on the matter after the Central Electricity Regulatory Commission (CERC), on a […] Read more
SECI’s 1000 MW PSA Signing with TANGEDCO, Vital Step Forward For Mfg. Linked Tender Winners Updated On Mon, Sep 20th, 2021 by Saurenergy It says something for the dearth of good news we have had in the solar sector, that firms and even government bodies have taken to highlighting every step of the process from planning to tenders to winners to even the signing of PSA’s (power sales agreement) and PPA’s (Power Purchase Agreement) now. The backlog of […] Read more
PFC Raises €300 M in First-ever Euro Green Bond Issuance Updated On Fri, Sep 17th, 2021 by Saurenergy Power Finance Corporation Ltd (PFC), a leading non-banking financial company (NBFC) in the power sector, has successfully issued its maiden Euro 300 million 7-year Euro Bond issuance on September 13, 2021. The pricing of 1.841% achieved is the lowest yield locked in by an Indian Issuer in the Euro markets, as per PFC’s release. It […] Read more
Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Chinese Automakers Develop Tech to Seize Hybrid Market: Report Updated On Fri, Sep 17th, 2021 by Saurenergy The sales volume of new hybrid passenger cars should account for 50%-60% of traditional energy passenger cars by 2025, 75%-85% by 2030, and 100% by 2035, finds a new a new report. The study claims that Chinese automakers have developed hybrid systems independently to seize the hybrid market. The “Global and China Hybrid Vehicle Industry […] Read more
US Firm Modine to Open Exclusive EV Business Unit Updated On Fri, Sep 17th, 2021 by Saurenergy US-based thermal management company Modine Manufacturing is establishing a separate business unit to focus exclusively on thermal management systems for electric vehicles. “We are making a significant commitment to the EV market to better serve customers who are leading the transition to alternative powertrains,” said Neil D. Brinker, President and Chief Executive Officer. “We plan […] Read more
“We Are Very Good At Innovating New Kinds Of Products And Technologies”, Akshay Singhal, Log 9 Materials Updated On Fri, Sep 17th, 2021 by Saurenergy Bengaluru-based Log 9 Materials shot into the limelight (again) recently after Amara Raja batteries, a leader in the domestic automotive battery market, invested in the firm. Log 9 Materials is using its core competence in Graphene nanotechnology to develop advanced energy storage technologies from electrode materials, cell to pack level. Their rapid charging battery packs […] Read more
Sungrow Reports $1.26 Billion Revenue in H1 FY21 Updated On Thu, Sep 16th, 2021 by Saurenergy Inverter solutions supplier Sungrow has released its semi-annual report, reporting a net income of 757 million yuan (about 116.42 million US dollars), with a year-over-year increase of 69.68%, in H1 FY21. The company’s revenue was 8.21 billion yuan (1.26 billion US dollars) during this period, with a year-over-year increase of 18.27%. The highlights of H1 FY21 […] Read more
