German, French Investment Groups Form JV for 500MW Projects in Germany Updated On Wed, May 8th, 2024 by Saurenergy The German renewables investor and asset manager Aream Group and Eiffel Investment Group, represented by the Eiffel Transition Infrastructure Fund have formed a joint venture with an aim to develop clean energy projects in Germany. The joint venture will develop numerous projects in the fields of photovoltaics and batteries in the coming years. Eiffel will […] Read more
Ecofy Partners With Waaree Energies For Low-Cost Solar Finance Updated On Wed, May 8th, 2024 by Saurenergy Solar PV module maker Waaree Energies Limited has signed an agreement with rooftop solar financing firm Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for solar projects from Waaree. According to a statement by Waaree Energies, Ecofy has committed Rs 100 crore to partnering with Waaree Energies for boosting solar finance. […] Read more
Magenta Mobility & Switch Mobility Signs MoU To Procure 500 SWITCH IeV4 Updated On Wed, May 8th, 2024 by Saurenergy Integrated electric mobility solutions provider Magenta Mobility and Switch Mobility, the electric vehicle arm of the Hinduja Group have signed an MoU to procure 500 SWITCH IeV4 (Intelligent EV) over two years. The MoU was signed by Maxson Lewis, Founder & CEO of Magenta Mobility, and Mahesh Babu, CEO of Switch Mobility in the presence […] Read more
Delhi Gets First Commercial Utility-Scale BESS Project After DERC Approval, Backed By GEAPP Updated On Wed, May 8th, 2024 by Saurenergy In a significant step, the Delhi Electricity Regulatory Commission (DERC) has granted regulatory approval of India’s first commercial standalone Battery Energy Storage System (BESS) project. This groundbreaking initiative is supported by The Global Energy Alliance for People and Planet (GEAPP’s) concessional loan amounting to 70% of the total project cost and is in partnership with IndiGrid and BSES Rajdhani […] Read more
Sterlite Power Appoints Reshu Madan As CEO (Global Products & Services Business) Updated On Mon, May 6th, 2024 by Saurenergy Sterlite Power, a leading global developer of power transmission, today announced the appointment of Reshu Madan as Chief Executive Officer, Global Products & Services (GPS) business. He succeeds Manish Agarwal who has decided to pursue an opportunity outside the company. Reshu will work closely with Manish Agarwal for a smooth transition as he integrates into […] Read more
TPREL, SJVN Sign PPA For 460 MW Firm & Dispatchable Project Updated On Sat, May 4th, 2024 by Saurenergy Tata Power Renewable Energy Limited (TPREL), has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. The plant, designed to meet the 460 MW FDRE requirement, integrates solar, wind, and battery storage technologies to ensure efficient energy […] Read more
Magenta Mobility & Kuehne+Nagel Ink Deal For E-Trucks Updated On Thu, May 2nd, 2024 by Saurenergy E-Mobility firm Magenta Mobility and logistics firm Kuehne+Nagel have announced a partnership aiming at decarbonising road freight in India. “This collaboration reaffirms the commitment of Magenta Mobility and Kuehne+Nagel to sustainability and innovation in logistics. Magenta Mobility to offer sustainable electric mobility solutions and Kuehne+Nagel to adopt electric vehicles (EVs), marks a significant move in […] Read more
Renewables Can Bring Down Singapore’s Gas Dependency To 61%: EMBER Updated On Thu, May 2nd, 2024 by Saurenergy A recent report from energy think tank EMBER said that Singapore’s heavy reliance on gas-based electricity could be cut down with the expected rise of renewables in the country. The report said that based on its calculations, the share of electricity from gas would drop from 92% in 2022 to 61% by 2035. This was […] Read more
IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
