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energy investments

Norwegian Battery Maker Morrow Nets €100m Equity Funding

Norwegian battery start-up Morrow Batteries has scooped up €100m in an investment round led by Siemens Financial Services and ABB. Other investors in the round were Nysnø Climate Investments and Arendals Fossekompani, as well as the company’s existing shareholders PKA, NOAH and Agder Energi Invest. Morrow, starting with its first battery cell factory opening in […]

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Haryana Issues Norms To Award Entities Opting For Solar Power

The Haryana Renewable Energy Development Agency (HREDA) has now issued detailed guidelines to award institutions that use solar power or undertake energy efficiency measures to reduce carbon emissions. These awards have been planned for the industries and MSME sector having loads below 1 MW capacity and those above 1 MW capacity. The department has also planned these […]

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Hyundai, Georgia Tech To Invest $12.6bn To Boost Electric Mobility

Georgia Tech and Hyundai Motor Group have signed a Memorandum of Understanding (MoU) to collaborate on research and applications to support the future of sustainable mobility, including developing a hydrogen economy, workforce development, and making cities smarter and more sustainable, among many other areas of cooperation. The group is investing $12.6 billion in Georgia’s new […]

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Rajasthan Sees Fossil Contribution Shrink For 4 Consecutive Months

New data from global energy think tank Ember reveals that the share of fossil fuels in Rajasthan’s power generation mix has hit record-low levels at 50 percent from April to July this year. It is the first time that the lowest level was sustained for over a quarter of the year.   Fossil fuels generated 34 […]

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Grumblings From European Solar Manufacturers Start Over Falling Prices

At SaurEnergy, even as solar manufacturing has been incentivised, pushed and supported by every means possible, we have regularly highlighted the need to consider the sustainability of it all. Well, the first rumblings have already started, not from the manufacturers who are establishing new capacities, but from already established players in Europe. In an open […]

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Serentica Secures INR 2600 Cr Funding from PFC for Green Projects

Vedanta backed Serentica Renewables, a C&I focused renewable energy developer, has announced that it has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka. The firm has secured the entire debt funding of INR 2600 crores from one of India’s largest power sector lenders, Power Finance Corporation Limited (PFC Ltd.). To ensure […]

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ORIT Launches 50 MW Wind Farm in Scotland for Kimberly Clark

Octopus Renewables Infrastructure Trust, an investment company focused on providing investors with a sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of renewable energy assets across Europe, the UK and Australia, has launched a new 50 MW onshore wind farm located in South Lanarkshire, Scotland. The […]

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US On Course For Record 32 GW Solar Capacity Additions in 2023

A new report from the US solar lobby Solar Energy Industries Association (SEIA) and Wood Mackenzie predicts a record addition of 32 GW of new capacity in 2023, a 52% increase from 2022. The US Solar Market Insight Q3 2023 report paints a positive picture of growth for the sector, especially with the IRA (Inflation Reduction Act) […]

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