CrossBoundary Gets $25 Million For Solar Power Mini-Grids Expansion In Africa Updated On Fri, Jun 17th, 2022 by Saurenergy Kenya based CrossBoundary Energy Access (CBEA) has announced that it has raised $25 million funding from different investors – ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. The new investment will also garner an additional $25 million in senior debt for the deployment of $50 million of capital that will […] Read more
Australia Suspends Power Trading In Spot Markets Updated On Thu, Jun 16th, 2022 by Saurenergy In a move meant to cool down ever higher energy prices and ‘hoarding’ so to say the Australian Energy Market Operator (AEMO) has suspended the wholesale electricity spot market across all five participating NEM states in the country. AEMO’s notice states that even as it is shutting the market wef June 15, it has been […] Read more
Olympus to Employ 100% Renewable Energy in Manufacturing, R&D Updated On Thu, Jun 16th, 2022 by Saurenergy Japanese medical equipment and photography firm corporate Olympus Corporation has announced that from April 2022, the company has begun to exclusively source 100 per cent of the electricity used at its major research and development (R&D) and manufacturing sites in Japan from renewable sources. The official statement reveals that as a result, carbon dioxide emissions […] Read more
BP to take 40% stake in AREH – The $36 billion Green Hydrogen Focused Project In Australia Updated On Thu, Jun 16th, 2022 by Saurenergy Energy major BP has announced that it will acquire a 40.5 per cent equity stake in the Asian Renewable Energy Hub (AREH) to become operator of it. BP said that AREH has the potential to be one of the largest renewables and green hydrogen hubs in the world. AREH is located in the Pilbara region […] Read more
ReNew Analyst Call Highlights- Module Mfg Hiked To 6 GW, Corporate PPA Market, More Backward Integration Updated On Thu, Jun 16th, 2022 by Saurenergy Nasdaq listed ReNew Energy Global (ReNew Power), which announced its Q4 results for FY 22 yesterday (June 15), hosted its analyst call later in the evening. We bring you some of the key highlights from the call, where Founder, Chairman and CEO Sumant Sinha Spoke, along with new CFO Kedar Upadhye, Chief Sustainability Officer Vaishali […] Read more
MIAL Launches First Of Its Kind Vertical Axis Wind & Solar System Updated On Wed, Jun 15th, 2022 by Saurenergy Mumbai International Airport, Chhatrapati Shivaji Maharaj International Airport (CSMIA) has become India’s first airport to launch a one-of-its-kind Vertical Axis Wind Turbine (VAWT) & Solar PV hybrid (Solar Mill) to explore the possibility of utilization of wind energy at the airport. CSMIA has introduced this pilot program in collaboration with WindStream Energy Technologies India Pvt […] Read more
Power Crisis, RPO Drives Haryana Regulator to Approve 1100 MW of Renewable Purchases Updated On Wed, Jun 15th, 2022 by Saurenergy The Haryana Electricity Regulatory commission, in two orders within days of each other, has approved total RE purchases of 1100 MW for the state. Driven by both the power crisis being experienced by the state as well as the pending and future RPO obligations, the state regulator did make the Hydro power purchase from NTPC […] Read more
Airports To Become Carbon Neutral By December 2024 Updated On Wed, Jun 15th, 2022 by Saurenergy The government is aiming to make Most Indian airports carbon neutral by December 2024 and achieve Net Zero emissions by 2030. Rubina Ali, joint secretary, Ministry of Civil Aviation, recently wrote to the CEOs of the private airports and the Airports Authority of India (AAI) to submit a plan to achieve net zero. Her letter […] Read more
NTPC Sets In Motion Commercial Operations Of 15 MW Kawas Solar Updated On Wed, Jun 15th, 2022 by Saurenergy State-owned NTPC has started commercial operations of its 15 MW solar capacity at Kawas Solar Project in Gujarat on June 15. A statement released by the company reads, “…second part capacity of 15 MW out of 56 MW Kawas Solar PV Project at Kawas is declared on commercial operation with effect from 00:00 hours of […] Read more
