Accepting Gas Power Plants as Sustainable Investments in Asian Taxonomies Heightens Greenwash Risk: IEEFA Updated On Thu, Sep 23rd, 2021 by Saurenergy Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise […] Read more
Chalet Hotels is Now World’s 1st Hospitality Co to Join Climate Initiatives Updated On Thu, Sep 23rd, 2021 by Saurenergy Chalet Hotels Limited (CHL), owner, developer and asset manager of high-end hotels in key metro cities in India, has claimed to be the first hospitality company, globally, to join Climate Group’s RE100, EP100 and EV100 initiatives linked to renewable electricity, energy efficiency and electric mobility respectively. The announcement comes during the Climate Week NYC 2021, […] Read more
Blue Bear Capital Raises $150 million For Investments in Cleantech Startups Updated On Wed, Sep 22nd, 2021 by Saurenergy Blue Bear Capital, a venture and growth equity firm focused on AI-powered solutions for energy, infrastructure, and climate, has raised $150 million to invest in companies to help them build past the startup phase. Like Blue Bear’s first fund, the new fund will focus on digital technologies making an outsized impact in markets including wind, […] Read more
Vestas to Shut Down Three Offshore Wind Factories in Europe Updated On Tue, Sep 21st, 2021 by Saurenergy Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […] Read more
TSE Unveils ‘2nd Largest Solar Plant in France’ with 152 MW Capacity Updated On Mon, Sep 20th, 2021 by Saurenergy TSE, an independent French player specializing in solar energy, has inaugurated its new 152 MW photovoltaic plant, located in Marville, France, in the Meuse, and developed in partnership with Enerparc AG. This official inauguration marks the culmination of a large-scale project carried out on 155 hectares of land. While construction began in June 2020, the […] Read more
Canadian PE Fund Brookfield Offers $9.6 B to Take Over AusNet Updated On Mon, Sep 20th, 2021 by Saurenergy Update: ASX-listed energy infrastructure firm APA Group has launched a rival $10 billion takeover offer for the utility business Australian energy company AusNet Services has received a proposal, worth $9.6 billion, from the infrastructure affiliate of Brookfield Asset Management to acquire all of the issued shares in AusNet at an indicative price of $2.50 cash per […] Read more
Chinese Automakers Develop Tech to Seize Hybrid Market: Report Updated On Fri, Sep 17th, 2021 by Saurenergy The sales volume of new hybrid passenger cars should account for 50%-60% of traditional energy passenger cars by 2025, 75%-85% by 2030, and 100% by 2035, finds a new a new report. The study claims that Chinese automakers have developed hybrid systems independently to seize the hybrid market. The “Global and China Hybrid Vehicle Industry […] Read more
US Firm Modine to Open Exclusive EV Business Unit Updated On Fri, Sep 17th, 2021 by Saurenergy US-based thermal management company Modine Manufacturing is establishing a separate business unit to focus exclusively on thermal management systems for electric vehicles. “We are making a significant commitment to the EV market to better serve customers who are leading the transition to alternative powertrains,” said Neil D. Brinker, President and Chief Executive Officer. “We plan […] Read more
Ecozen Makes it to Cleantech’s ’50 to Watch List’ for Climate Innovation Updated On Thu, Sep 16th, 2021 by Saurenergy Ecozen Solutions, a Pune-based startup has been recognised by the Cleantech Group 50 to Watch List — the third annual list of top early-stage private companies, delivering innovative solutions on the climate crisis. The international body which is headquartered in San Francisco, Cleantech revealed the list yesterday, giving commendation for those entrepreneurs who have created […] Read more
