Duke Energy To Offload Commercial Distributed Generation Biz to ArcLight In $364 million Deal Updated On Thu, Jul 6th, 2023 by Saurenergy Duke Energy has announced an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners, LLC , a leading middle market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests. Duke Energy expects approximately $259 million of proceeds from this transaction, which is subject to certain […] Read more
Sunsure Energy Pockets 4.5 MWp Solar Project From Allana Group For UP Plant Updated On Wed, Jul 5th, 2023 by Saurenergy Mumbai-based Allana Group, a global leader in manufacture & export of various food and consumer products including Frozen & Chilled Halal Meat has signed a 4.5 MWp open access solar PPA with Sunsure Energy, a leading renewable power developers. Through the PPA, Allana Group will be able to offset a significant part of the total […] Read more
Serentica Renewables Seals 1.25 GW Round-The-Clock Green Energy Agreements Updated On Mon, Jul 3rd, 2023 by Saurenergy Serentica Renewables has announced that it has signed over 1.25 GW of new Power Delivery Agreements (PDAs) with multiple industrial customers. This is in addition to the 580 MW PDAs that were signed in March 2023. To ensure the round-the-clock green energy needs of its customers, Serentica will install 4 GW of renewable energy capacities […] Read more
Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval Updated On Fri, Jun 23rd, 2023 by Saurenergy The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […] Read more
European Clean Energy Developer TagEnergy Raises €570 MillionTo Drive Growth Updated On Mon, Jun 19th, 2023 by Saurenergy Clean energy developer and investor TagEnergy announced today a major capital injection, the closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000 (equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors. The fund raise comes at possibly the best time ever for European RE developers, with a market that […] Read more
Balancing Energy & Aquaculture in Bangladesh: First Floating Solar Power Plant Connects to National Grid Updated On Mon, Jun 19th, 2023 by Saurenergy Bangladesh has connected its first floating commercial solar power plant to the national grid. The farm is located in Chapainawabganj District, about 302 km northwest of the country capital Dhaka. The Joules Nawab Floating Solar Plant project consists of solar panels aggregating to a capacity of 2.3 MW mounted on specially designed floating platforms in […] Read more
US Proposal For Fee Reduction for Wind and Solar Energy on Federal Lands Updated On Fri, Jun 16th, 2023 by Saurenergy The Biden administration unveiled a new proposal on Thursday to formalize a significant project fee reduction for wind and solar energy developments on federal lands. The regulation aims to boost renewable energy deployment as part of the administration’s strategy to combat climate change. Last year, the US Bureau of Land Management (BLM), a division of […] Read more
DOE Unveils $135 Million Investment to Propel Industrial Decarbonization in America Updated On Fri, Jun 16th, 2023 by Saurenergy The U.S. Department of Energy (DOE) has announced a substantial investment of $135 million in 40 projects aimed at industrial decarbonization, crucial in driving the nation towards a net-zero emissions economy by 2050. By advancing transformative and innovative technologies, these projects will play a significant role in decarbonizing the U.S. industrial sector. “America’s industrial sector […] Read more
SJVN, Dhaani Renewables, Apraava Energy Among Winners of 1.2 GW SECI Tender Updated On Mon, Jun 12th, 2023 by Saurenergy State-owned entity SJVN Ltd arm SJVN Green Energy has won a 200 MW wind power project won through competitive bidding in a tender floated by Solar Energy Corporation of India (SECI). SJVN Green Energy won the full quoted capacity of a 200 MW wind power project at the rate of Rs 3.24 per unit. Apraava […] Read more
