Babcock & Wilcox to Aquire Majority Stake in US Solar Firm Updated On Thu, Sep 16th, 2021 by Saurenergy Babcock & Wilcox Enterprises has signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar energy contractor Fosler Construction Company, aiming to significantly enhance its capabilities in solar energy. The transaction is expected to close at the end of September 2021, subject to customary closing conditions. Fosler Construction will be part of […] Read more
Maha Govt, JSW Sign MoU for Green Projects Worth ₹35,500 Cr Updated On Wed, Sep 15th, 2021 by Saurenergy The Maharashtra government and power major JSW Energy Ltd have signed two MoUs to set up two green projects worth Rs 35,500 crore. The agreement is part of the slew of initiatives under the state government’s Magnetic Maharashtra 2.0 initiative, started last year, to focus on stimulating investment and growth. “The two new projects will […] Read more
U.S. Solar Prices Rise, Despite 5.7GW Capacity Addition in Q2: WoodMac Updated On Wed, Sep 15th, 2021 by Saurenergy Despite the addition of 5.7 gigawatts (GWdc) of solar capacity in Q2 2021, supply chain constraints are leading to price increases across every solar market segment, according to the U.S. Solar Market Insight report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business. This is the first time that […] Read more
NREL Study Chalks Out Plan for Zero-carbon Grid Using Solar Updated On Wed, Sep 15th, 2021 by Saurenergy By 2035, solar energy has the potential to power 40% of the USA’s electricity, drive deep decarbonisation of the grid, and employ as much as 1.5 million people—without raising electricity prices, finds a new study released by the U.S. Department of Energy (DOE). The study titled “Solar Futures Study” calls for massive and equitable deployment […] Read more
“An Electric Future Is Nearer Than We Think”, Mohal Lalbhai, Matter Updated On Wed, Sep 15th, 2021 by Saurenergy Matter is a technology start-up set-up by Mohal Lalbhai, a scion of the Lalbhai Group from Gujarat know more for their textile empire. Founded in January 2019, Matter is a two-year old start-up that seeks to introduce frugal and innovative solutions in the energy storage space which would include batteries for mobility applications, stationary applications, […] Read more
Tata Motors signs a PPA with TATA Power For 3 MWp Solar Rooftop At Its Pune plant Updated On Tue, Sep 14th, 2021 by Saurenergy Tata Motors has signed a Solar Power Purchase Agreement with Tata Power to install and operate a 3 MWp rooftop solar project at its Passenger Vehicle Business Unit (PVBU) plant in Pune. This solar rooftop project is expected to generate nearly 45 lakh KWh per year, reducing carbon emissions by approximately 3,538 tonnes per year. […] Read more
Indonesia Ramping Up Solar Capacity to Meet 18 GW Target For 2025: Report Updated On Tue, Sep 14th, 2021 by Saurenergy Indonesia is considering how to reduce its growing greenhouse gas emissions. A moratorium on new coal power plants bodes well for growth of solar power in Indonesia. Yet harnessing solar power requires government action such as improving transparency around power purchase agreements and revising long- term power plans. A new report, jointly produced by BloombergNEF, […] Read more
NZ’s Infratil To Invest in Renewable Platform In Singapore Updated On Tue, Sep 14th, 2021 by Saurenergy New Zealand-based investment firm Infratil is investing $233m in a renewable energy development platform in Singapore. The new platform will be called Gurīn Energy. Infratil CEO Jason Boyes said that “this is the 4th such platform Infratil has established to cover global growth of the sector. Infratil will own the business in partnership with the […] Read more
India and US Agree on Further Climate Agreements Updated On Mon, Sep 13th, 2021 by Saurenergy Union Power Minister R. K. Singh met a delegation led by Mr. John Kerry, U.S. Special Presidential Envoy for Climate, today to discuss further collaboration on climate change issues to pave the way for the impending energy transition. Mr. Alok Kumar, Secretary Ministry of Power, and other senior officials from the ministry were also present. […] Read more
