UltraTech Cement Joins RE100, Target Still 2050 For Net Zero Updated On Fri, Sep 24th, 2021 by Saurenergy UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and ready-mix concrete in India, has joined Climate Group’s RE100 initiative at Climate Week NYC 2021. As part of its commitment, UltraTech targets to meet 100 per cent of its electricity requirement through renewables sources by 2050. As the third largest cement manufacturer in […] Read more
With Approval In From Indonesia, Sun Cable Expands Project By 20 GW Updated On Fri, Sep 24th, 2021 by Saurenergy Sun Cable, promoted as the world’s largest single PV and battery storage project has expanded its project size further. The project, which seeks to build massive solar power plants in Australia along with storage capacity to supply to Singapore via undersea cables, has added 20 gigawatts for the solar component and 36-42GWh of battery storage. […] Read more
Solar Hybrid Systems Firm Zola Electric Raises $90 million Updated On Fri, Sep 24th, 2021 by Saurenergy ZOLA Electric, the Amsterdam, Netherlands-based renewable energy technology company solving Energy Access and Energy Equality in emerging markets, has announced the successful completion of a $90 million capital raise, comprised of $45 million of equity, $45 million of debt. The firm has a strong footprint in Africa for now, with its ZOLA flex plug-and-play, connected, […] Read more
GoodWe Collaborates with Skill Council For Green Jobs To Impart Solar Training Updated On Thu, Sep 23rd, 2021 by Saurenergy GoodWe, the global PV inverters and energy storage solution firm got its Solar Academy team that focuses on sharing knowledge of PV applications, to collaborate with the Skill Council for Green Jobs to support the skilling requirements in the PV sector. Titled “Advanced SPV System Design optimization& Criteria for Component Selection”, the course was aligned […] Read more
US Solar Developers Warn Of Threat to Solar From Import Duties Updated On Thu, Sep 23rd, 2021 by Saurenergy A strong pushback has started in the US, on the threat of import duties from countries in South East Asia, especially Malaysia, Vietnam and Thailand. A letter on behalf of 190 companies, primarily developers, contractors and financiers warns that punitive duties, if applied, would risk jeopardising almost 18 GW of Solar projects in the US, […] Read more
LG Energy Solution Takes Over US-based NEC Energy Solutions Updated On Wed, Sep 22nd, 2021 by Saurenergy South Korean lithium-ion battery manufacturer LG Energy Solution (LG ES) has acquired US-based sector player NEC Energy Solutions from NEC Corporation for an undisclosed sum. The news was unveiled on Friday by BDA Partners, which served as the exclusive financial advisor to LG on the transaction. Japan’s NEC Corporation has transferred all shares in NEC Energy […] Read more
Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Lightsource BP, With Fresh $1.8 B Fundraise, Targets 25 GW RE by 2025 Updated On Tue, Sep 21st, 2021 by Saurenergy Lightsource BP, the London-based solar developer led by Nick Boyle, with 50% ownership by BP has secured a $1.8bn finance package that it announced will lead to a massive change in its plans for the immediate future. Calling the financing a key step to a change in mindset from ‘gigawatts to terawatts’ the firm has […] 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
