Amazon Adds 71 New Renewable Project Installations Globally Updated On Sat, Sep 24th, 2022 by Saurenergy E-commerce giant Amazon continues to increase the amount of renewable energy in its portfolio. Its latest addition of 2.7 GW of cumulative capacity across 71 new renewables projects across countries makes it one of the largest corporate buyers of renewable energy. The company’s declaration is a component of its goal to completely run on green […] Read more
EnerVenue & Green Energy Renewable In 250 MWh Storage Deal Updated On Fri, Sep 23rd, 2022 by Saurenergy Green Energy Renewable Solutions and US-based renewable energy provider EnerVenue have established a master supply agreement. According to the agreement, Green Energy will purchase and implement EnerVenue’s storage solution for 250 MWh over the next three years. Houston-based Henrik Jensen and Jens Juul, who jointly own and run Nicon Industries A/S, a prominent producer of […] Read more
New York Hits 4-GW Distributed Solar Power Milestone Updated On Fri, Sep 23rd, 2022 by Saurenergy As part of Climate Week, New York Governor Kathy Hochul has announced that four gigawatts of distributed solar—community, residential, small commercial and industrial projects—have been installed across the state. She said that this is enough to power more than 710,000 homes. She held that since the launch of the NY-Sun initiative in 2012, the cost […] Read more
CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages Updated On Thu, Sep 22nd, 2022 by Saurenergy The Premise of the Order Power Purchase Agreements dated 04.08.2016 were entered into between the petitioner – Parampujya Solar Energy Private Limited (PSEPL) and the respondent, NTPC. The petitioner is now seeking directions to NTPC Limited to accept the impact of Force Majeure events and extend the Scheduled Commissioning Date of the Project of the […] Read more
APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation Updated On Thu, Sep 22nd, 2022 by Saurenergy After facing rejections at the Central Electricity Regulatory Commission (CERC) and State Electricity Regulatory Commission’s (SERCs), Adani Green Energy had something to celebrate early this week when the Appellate Tribunal For Electricity (APTEL) permitted their plea for allowing carrying cost pass-through under the “Change in Law” definition of most PPAs. The Tribunal ordered CERC to […] Read more
Citizens Financial Group to Source 100% Renewable Power from Ørsted Updated On Thu, Sep 22nd, 2022 by Saurenergy Rhode Islands-based Citizens Financial Group has announced that it has entered into a power purchase agreement (PPA) with Ørsted to support the construction of the Sunflower Wind Project that will match 100% of Citizens’ power consumption across its entire operational footprint with renewable energy credits. Citizens said the Sunflower Wind Project is a 200 MW […] Read more
USA’s P&G Collaborates with ENGIE for New Texas’ RE Project Updated On Wed, Sep 21st, 2022 by Saurenergy USA’s FMCG Company, P&G (Procter and Gamble) and utility services provider company ENGIE North America have recently announced the collaboration for a 200 MW power purchase deal from ENGIE’s Sun Valley Solar project. What the Collaboration Offers According to the document, the Sun Valley project, which is located 65 miles southwest of Dallas in Hill […] Read more
What Are Climate Bonds? Updated On Wed, Sep 21st, 2022 by Saurenergy According to the United Nations’ Intergovernmental Panel on Climate Change estimates, limiting the global temperature increase to 2 degree Celsius, the goal of the Paris Agreement, will require about $3 trillion of investment every year to 2050. Raising such huge investments is a challenge. To tackle it, governments and corporations are increasingly turning to Climate […] Read more
Tata Power RE, Three Other Firms Win RUMSL’s 750 MW Hybrid Project Updated On Wed, Sep 21st, 2022 by Saurenergy A joint venture company between The Solar Energy Corporation of India (SECI) and Madhya Pradesh Urja Vikas Nigam (MPUVN), Rewa Ultra Mega Solar Limited (RUMSL) has released the results of 750 MW hybrid (wind+solar) project. Sprng Ojas, Tata Power Renewable Energy, ReNew Solar Power, and TEQ Green Power IX (O2 Power) were declared the winners […] Read more
