GWEC’s 16th Edition Global Wind Report 2021: Key Highlights Updated On Wed, Jun 2nd, 2021 by Saurenergy 2020 was the best year in history for the global wind industry with 93 GW of new capacity installed – a 53 per cent year-on-year increase – but a new report published by the Global Wind Energy Council (GWEC) warns that this growth is not sufficient to ensure the world achieves net zero by 2050. […] Read more
BP Acquires 9 GW Solar Portfolio in the U.S. Updated On Wed, Jun 2nd, 2021 by Saurenergy British oil and gas giant BP plc announced yesterday that it is purchasing 9 GW of solar development projects in the US from independent US solar developer 7X Energy, pouring $220 million and 1 GW of “safe harbour” equipment into the deal. The projects are expected to meet bp’s laid down low carbon investment criteria, […] Read more
CESL & GEDA Partner to Electrify Remote Rural Households in Goa Updated On Fri, May 28th, 2021 by Saurenergy Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL), has signed an agreement with Goa Energy Development Agency (GEDA) for the installation of solar PV-based home lighting systems for remote households in the state, which do not have access to proper power supply till date. Under the Agreement, CESL […] Read more
Green Firm Vena Energy Bags $500 mn Credit Facility from 8 lenders Updated On Fri, May 28th, 2021 by Saurenergy Vena Energy announced yesterday that it has signed its first sustainability-linked revolving credit facility of JPY52.8 billion (approximately US$500 million) from eight lenders including BNP Paribas, Crédit Agricole CIB, DBS Bank Ltd, ING Bank, MUFG, Intesa, SMBC and Mizuho. The company is an independent power producer and an integrated pure-renewable energy company in the Asia-Pacific region. […] Read more
U.K. Govt Gives a £166.5 Million Major Cash Boost to Green Tech Updated On Thu, May 27th, 2021 by Saurenergy The UK government recently announced a £166.5 million cash injection for the country’s green technology and development, as part of the Green Industrial Revolution. The funding package will help the UK meet its climate targets, create jobs, and decarbonise its most polluting industries. Energy Minister Anne-Marie Trevelyan said, “Just 6 months ago, the Prime Minister set […] Read more
Spain’s Policy Plans to bring Successful Energy Transition through RE: IEA Updated On Thu, May 27th, 2021 by Saurenergy Spain has laid out ambitious plans to transform its energy system, requiring strong policy support to ensure the needed investments, new IEA policy review says Spain has made considerable progress towards its goal of reaching net zero emissions by 2050, but future gains need to be supported by stable policies, adequate public financing and incentives […] Read more
Solar Energy Market: Paradigm Shift in India’s Power sector Updated On Wed, May 26th, 2021 by Saurenergy Contributed By Gautam Das, CEO and Co-founder, Oorjan Solar’s Time Economy and the environment have to go hand in hand for sustainable growth. We have paid the price for economic growth at the cost of environmental damages. Fossil fuels, like petroleum and coal, are highly polluting and depleting at an alarming rate. Global warming and escalating pollution […] Read more
IRENA and Siemens Energy Sign Partnership Agreement Updated On Tue, May 25th, 2021 by Saurenergy The International Renewable Energy Agency (IRENA) has today signed a partnership agreement with Siemens Energy aimed at advancing the global energy transition. Under the agreement, the organisations will strengthen collaboration on the application of technology to advance and deepen the transition to renewable energy around the world. The wide-ranging scope of collaboration extends to a […] Read more
Marubeni and EGCB to Jointly Develop Feni Solar Plant in Bangladesh Updated On Mon, May 24th, 2021 by Saurenergy Marubeni Corporation (hereinafter, “Marubeni”) signed a Memorandum of Understanding (hereinafter, “MoU”) with Electricity Generation Company of Bangladesh Limited (hereinafter, “EGCB”), an electricity and utility company owned by the Bangladesh Development Board (hereinafter, “BPDB”). The MoU is regarding the joint development of the 100MW Solar PV Power Plant Project in Chittagong, Feni, southeast of People’s Republic […] Read more
