France’s Neoen Augments Queensland Battery Project to 270 MW/540 MWh Updated On Wed, Jul 26th, 2023 by Saurenergy France’s Independent Power Producer firm which develops, finances, builds and operates solar power plants, wind farms and energy storage solutions, Neoen will be augmenting the the size of its Western Downs Battery project located in Queensland. The expansion is to keep step with the growing demand for storage in the Australian state. Formerly, the battery […] Read more
EIB Approves €575 Million Loan for Repsol’s 1.1 GW Wind & Solar Projects in Spain Updated On Wed, Jul 26th, 2023 by Saurenergy The European Investment Bank (EIB) approved a €575 million loan support to Spanish energy firm Repsol. The firm will utilise the fund for the rollout of wind and solar photovoltaic plants in Spain with a total capacity of 1.1 GW. Renewable energy facilities are expected to go live before the end of 2025. Over 35 […] Read more
BENY Emerges From the Shadows To Power 7 GW Solar Project with 1500V DC T& D Solution Updated On Wed, Jul 26th, 2023 by Saurenergy China-based BENY, which has been making big strides in the energy transition space with its power electronics has added a major feather in its cap with the stable performance of the world’s largest 7 GW solar PV power station in Qinghai Province’s upper reaches of the Yellow River. A prestigious project where China National Energy Investment […] Read more
India Requires 13L Charging Stations By 2030: CII Report Updated On Tue, Jul 25th, 2023 by Saurenergy A new report by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicles’ claims that India would require around 13 lakh charging stations to cater to the growing electric mobility needs by 2030. It makes a case for the country to install around 4 lakh chargers for EV annually. The industry association […] Read more
As MoUs Worth Lakhs OF Crores Are Announced By PFC, REC, Hopes Rise Updated On Mon, Jul 24th, 2023 by Saurenergy The Central government’s power project financing arms, PFC and its subsidiary REC, have made a slew of green funding announcements recently. In total, the NBFCs Power Finance Corporation Ltd (PFC) and REC Ltd have signed agreements worth ₹5 lakh to fund projects of major green energy firms. While the PFC signed pacts worth ₹2.37 lakh […] Read more
ACME Group Achieves Financial Closure of INR 4,000 Cr Debt for Green Hydrogen & Ammonia Updated On Fri, Jul 21st, 2023 by Saurenergy Diversified renewable energy company ACME Group announced securing INR 4,000 crore loan from one of the India’s largest green infrastructure financial institutions Rural Electrification (REC) Limited for its green hydrogen and green ammonia project in Oman. The loan will be utilized to commence the first phase of the pioneering green hydrogen and green ammonia project, […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
G20 Countries Should Strengthen Mainstreaming Of DRE: CEEW Updated On Fri, Jul 21st, 2023 by Saurenergy A recent report released by the Council on Energy, Environment and Water (CEEW) exhorted the G20 countries to take steps towards mainstreaming distributed renewable energy (DRE). The report was released on the sidelines of the 14th Clean Ministerial (CEM) in Goa. The report identified and collated the emerging good practices to mainstream DRE solutions. The […] Read more
Four G20 Countries Have Higher GHC Emissions: Report Updated On Fri, Jul 21st, 2023 by Saurenergy The NITI Aayog recently released a report on decarbonizing transport among the G20 countries. The report attributed the rise of transportation emissions to the surge in motorization across these countries. The report also claimed that four G20 countries have the higher GreenHouse Gases (GHG) emissions per KwH. Describing growth in grid emission among the G20 […] Read more
