Norway’s Norfund Commits Investment In Solar Energy Project in Rajasthan Updated On Tue, Aug 23rd, 2022 by Saurenergy The Norwegian Climate Investment Fund has said that it has entered into an agreement to take a 49% stake in a 420 MW solar power plant in Rajasthan, India, that is developed by Italy-based energy provider, Enel. With the investment, Norfund has within a short time put a total of NOK 1.8 billion to work […] Read more
Climate Change Threatens India’s Solar And Wind Energy Potential: IITM Study Updated On Mon, Aug 22nd, 2022 by Saurenergy Pune-based Indian Institute of Tropical Meteorology (IITM) has revealed in its latest study that the renewable energy in India – specifically solar and wind – may see a downward trend due to the ravages of climate change. The study is titled as ‘Analysis of future wind and solar potential over India using climate models’ and published […] Read more
L&T Looks to Invest Upto $2.5 Billion In Green Energy Updated On Mon, Aug 22nd, 2022 by Saurenergy Engineering conglomerate Larsen & Toubro (L&T) is mulling to invest upto $2.5 billion in the coming three to four years and work throughout the value chain of green energy to create green assets. This may be aimed at realising water neutrality by 2035 and carbon neutrality by 2040. The L&T officials have revealed the fact […] Read more
Oil Company Gulf Energy Sells 50% Stake In German Wind Farm Updated On Thu, Aug 18th, 2022 by Saurenergy Leading oil company Gulf Energy Development Public Company Limited has notified the Stock Exchange of Thailand that that it is divesting more than 50 per cent stake in its Germany based wind farm. The disinvestment is taking place at EUR 305 million. Gulf Energy said that through its wholly owned subsidiary, Gulf International Holding Pte. […] Read more
Inflation Reduction Act (IRA) 2022: A Bill To Make US ‘The Clean Energy Leader’ Updated On Tue, Aug 16th, 2022 by Saurenergy On August 7, 2022, the US Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022 after a series of discussions and debates between the Democrats and Republicans. What makes the Bill more interesting is its special focus on climate friendly provisions. Climate action has been a priority ever since President Joe Biden came […] Read more
Stung By Gas Volatility, GAIL Plans Bigger Clean Energy Footprint Updated On Wed, Aug 10th, 2022 by Saurenergy Gas major GAIL (Gas Authority of India Limited), which owns the largest gas pipeline network in India besides a presence across the gas value chain, especially the distribution side of it, is quietly adding a larger clean energy component to its future plans. After announcing it’s strong Q1 results for FY 23, the company, which […] Read more
Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
Energy Conservation (Amendment) Bill 2022: Roadmap To India’s Climate Targets Updated On Fri, Aug 5th, 2022 by Saurenergy The government has recently introduced the Energy Conservation (Amendment) Bill in the Lok Sabha. The Bill looks to propel India forward to help achieve its climate change targets. The Bill aims to steer the country in the direction of low-carbon development and has charted a course to achieve the goal by placing an emphasis on […] Read more
Filatex India Signs PPA To Purchase Renewable Energy Updated On Thu, Jul 28th, 2022 by Saurenergy Filatex India Ltd, has signed a PPA with FP Crysta Energy Pvt Ltd and an SHA with FPEL Sunrise Pvt Ltd. The agreements have been signed under Gujarat’s Hybrid Wind-Solar Power Policy 2018 to mitigate the cost of energy from the grid that has constantly been on the rise and while also keeping in mind […] Read more
