Greenko’s Equity Raise, Acquisition Credit Positive, says Moody’s Report Updated On Tue, Jun 12th, 2018 by Saurenergy Greenko will acquire Orange Renewables Singapore for a total enterprise value of approximately USD 922 million, which has 907 MW of solar and wind assets and pipeline assets of over 500 MW. Backing the renewable energy company’s buyout move, credit rating agency Moody’s Investors Service in its report said that, the acquisition of Orange Renewables […] Read more
Cleanergy Now Becomes Azelio; Raises 100 Mn SEK via Pvt Placement Updated On Mon, Jun 11th, 2018 by Saurenergy The move has come as a representation of the company’s solar focus and to better differentiate from the competition on the global arena. In order to accelerate the commercialization of its unique solar energy technology, storage solutions provider Cleanergy has changed its name to Azelio. The move has come as a representation of the company’s […] Read more
Make in India: Country’s First Technology Transfer Pact for Li-Ion Batteries Inked Updated On Mon, Jun 11th, 2018 by Saurenergy The agreement was signed between Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd. To boost the government’s Make in India initiative, a Memorandum of Understanding (MoU) on first transfer of technology for the country’s Lithium Ion (Li-ion) batteries was signed […] Read more
Finland’s Fortum to sell 54% Stake in Indian Projects Updated On Fri, Jun 8th, 2018 by Saurenergy “This project demonstrates the growing maturity of India’s secondary market for renewables – creating an environment in which private investors have the confidence to invest in new greenfield projects that will accelerate the decarbonization of India’s economy” With an aggregate capacity of 185 MW in India, Finland’s Fortum sign an agreement to sell a 54% […] Read more
DGTR to Hold Public Hearing on Safeguard Duty Investigation on June 26 Updated On Thu, Jun 7th, 2018 by Saurenergy The directorate is mandated to investigate the existence of serious injury or threat of serious injury to the domestic industry as a consequence of increased import of an article into India. India is targeting up to 100 gigawatts (GW) solar capacity by 2022. Under the Commerce Ministry, the Directorate General of Trade Remedies (DGTR) will hold […] Read more
Beer Giant AB InBev’s Mysore Unit Goes Green; Inks Pact with Canadian Firm Updated On Thu, Jun 7th, 2018 by Saurenergy The brewery in Mysore manufactures beer brands especially Budweiser, Knock out and Beck’s Ice, is the company’s third unit in the world that has shifted to the renewable source to meet its energy demands. The other two are in the US. The Mysore unit of World’s biggest beer giant Anheuser-Busch (AB InBev) in Karnataka has shifted from […] Read more
Viz-A-Viz with Liu Weizeng, General Manager of TBEA Xi’an Electric Technology Co., Ltd. Updated On Wed, Jun 6th, 2018 by Saurenergy Liu Weizeng, President of New Energy Research Institute of TBEA Xinjiang New Energy Co., Ltd., General Manager of TBEA Xi’an Electric Technology Co., Ltd., Member of Household Electricity Standardization Technical Committee of China Electricity Council. Liu graduated from Xi’an Jiaotong University, and obtained a doctorate in electrical engineering and automation. Liu has been committed to […] Read more
Rays Power to Set-up 1200 MW by 2020; Plans Intl Expansion Updated On Mon, Jun 4th, 2018 by Saurenergy The firm has also initiated development of over 200 Mw of ground-mounted projects selling power directly to the end consumers, under its subsidiary Rays Future Energy, which are expected to be commissioned by end of 2019. With an eye on the international market, a solar power development and Engineering, Procurement and Construction (EPC) Company Rays […] Read more
Sanjib Datta Takes Over as Managing Director of Mahanagar Gas Limited Updated On Mon, Jun 4th, 2018 by Saurenergy Mr. Sanjib Datta, Executive Director (Business Development), GAIL has taken over charge as Managing Director of Mahanagar Gas Limited on 30th May 2018. Mr. Datta, an Electrical Engineer from Jadavpur University- Kolkata, has a rich experience of over 32 years in handling multifarious assignments in the natural gas sector, covering diverse functions like, Business Development, […] Read more
