APEDB Signs Rs 200 Cr MoU With Urja Global For EV and Battery Manufacturing Plant Updated On Thu, Mar 14th, 2019 by Saurenergy Andhra Pradesh Economic Development Board (APEDB) and Urja Global have signed a Memorandum of Understanding (MoU) for setting up a new plant for manufacturing high technology Lithium-Ion Batteries and electric vehicles for the electric mobility ecosystem. Through this MoU, Urja Global would invest Rs. 200 crore and shall create 250 direct and over 1000 indirect […] Read more
Global Offshore Wind Capacity to Cross 81 GW by 2024 Updated On Thu, Mar 14th, 2019 by Saurenergy The global offshore wind energy market is expected to exceed more than 81,000 MW by 2024, growing at a CAGR of more than 25% in the given forecast period. A report by Market Research Engine said that the major driving factors of offshore wind energy market are its various advantages over its onshore counterpart is […] Read more
UK Augments Funding for African RE Projects by £30 million Updated On Wed, Mar 13th, 2019 by Saurenergy Harriett Baldwin, the UK Minister for Africa, announced additional new funding to give more people and companies across Africa access to affordable, clean energy. Minister Ms. Harriett Baldwin announced that the new funding will see £30 million added to the Transforming Energy Access program, taking total British investment to £100 million, and allowing it to […] Read more
Greenko ropes in Siemens for 46% stake in Poovani Project Updated On Tue, Mar 12th, 2019 by Saurenergy German power and energy major Siemens confirmed on Monday that its financial services arm has picked up 46 percent stake in Greenko Group’s 200 MW Poovani wind power project in Tamil Nadu for an undisclosed amount. Its financial subsidiary Siemens Financial Services (SFS) has signed a definitive agreement with Greenko Group for the 46 percent equity investment, making […] Read more
GWEC, WBG to Work Together to Develop Global Offshore Wind Markets Updated On Thu, Mar 7th, 2019 by Saurenergy GWEC will coordinate with the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets. Global Wind Energy Council (GWEC) and World Bank Group (WBG) is mulling to work together on efforts to develop offshore wind in emerging markets. […] Read more
Minnesota Sets Sight For 100% Carbon-Free Electricity by 2050 Updated On Wed, Mar 6th, 2019 by Saurenergy Governor Tim Walz has set an ambitious goal for Minnesota to get 100 percent of its electricity from carbon-free sources by 2050, though his plan was short on specifics of how to meet that target. Walz said his clean energy proposals would put Minnesota at the forefront of addressing climate change while ensuring “reliable, affordable and sustainable […] Read more
Fortum Wins Right to Build 250 MW Solar Project in India Updated On Tue, Mar 5th, 2019 by Saurenergy Fortum will build and operate a 250 MW solar plant in Rajasthan at a fixed tariff rate of Rs 2.48/kWh for 25 years. Finland-based Fortum has won the right from Solar Energy Corporation of India (SECI) to build a 250 MW solar power plant in Rajasthan, India. The project is expected to be commissioned in […] Read more
DEWA Issues RfQ For 900 MW Phase-V of MbRAM Solar Park Updated On Tue, Mar 5th, 2019 by Saurenergy The fifth phase of the project will use solar panels based on the IPP model and it will be commissioned in stages starting from Q2 of 2021. The Dubai Electricity and Water Authority (DEWA) has issued a Request for Qualification (RFQ) for developers to build and operate the fifth phase of the Mohammed bin Rashid […] Read more
World Bank Approves $185 Mn Fund to Help Bangladesh Expand RE Updated On Tue, Mar 5th, 2019 by Saurenergy The World Bank has approved $185 million to add up to 310 MW in renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country. The ‘Scaling-up Renewable Energy Project’ will increase the installed capacity of renewables through piloting and expanding investments in key market segments. It will […] Read more
