KKR Invests in Hero Future Energies in $450 Million Transaction Updated On Tue, Sep 20th, 2022 by Saurenergy New York’s Kohlberg Kravis Roberts & Company (KKR), a leading global investment firm, and Hero Future Energies (“HFE”)- the renewable energy arm of the Hero Group, have announced the signing of definitive agreements. Under the agreements, KKR and the Hero Group will invest $450 million in HFE. This investment will position HFE for continued growth […] Read more
Canadian Pension Firm & Mahindra Group Collaborate Strategically in RE Updated On Sun, Sep 18th, 2022 by Saurenergy The Mahindra Group and the Canadian-based pension firm, Ontario Teachers’ Pension Plan Board have announced a strategic alliance to take advantage of the expanding renewables market in India. Both parties have entered into legally binding agreements under which Ontario Teachers’ will purchase a 30% equity stake in Mahindra’s solar development arm, Mahindra Susten Pvt Ltd […] Read more
Agro-PV: Gauging India’s Agrivoltaics Potential Updated On Sat, Sep 17th, 2022 by Saurenergy According to the 2011 national census, agricultural and related sector activities employ 54.6% of the total workforce and contribute to 17.8% of the nation’s Gross Value Added (GVA). These stats show that despite the digital transformation that has taken place in the country, India is fundamentally an agrarian economy. Under its Mission 500GW, India has […] Read more
Husk Power Systems to Establish 80 Rural Microgrids; Signs Microdebt Facility with EDFI ElectriFI Updated On Thu, Sep 15th, 2022 by Saurenergy Husk Power Systems, operator of the largest fleet of solar-hybrid microgrids across rural Asia and Africa, has set its sights on electrifying 80 additional communities in India with $6 million in new debt financing from the EU- funded Electrification Financing Initiative (EDFI ElectriFI). What the Microgrids Offer The 80 solar microgrids will prove to be […] Read more
SolarPower Europe Demands EU Windfall Measures to Target Actual Profits Only Updated On Wed, Sep 14th, 2022 by Saurenergy Trade body SolarPower Europe has said that windfall revenue measures of power generators in Europe should target actual profits only and make an exemption for renewables that do not make windfall profits. It “should therefore not be subject to windfall measures,” it further added. The move comes even as energy prices across Europe test new […] Read more
Punjab to Solarize One Lakh Electric Agricultural Tubewells Updated On Wed, Sep 14th, 2022 by Saurenergy One lakh electric agricultural tubewells, currently in use by the state, would be powered by solar energy by the Punjab government. The Ministry of New and Renewable Energy had received a request to solarize 1 lakh grid-connected electric tubewells, and the Union Government had approved it while also setting a target of 1 lakh pumps […] Read more
Jindal Stainless Seeks Developer for 300 MW Solar & Wind Plant Updated On Mon, Sep 12th, 2022 by Saurenergy JSL is seeking partners to build 300 MW solar and wind capacity in states like Odisha, Haryana and Rajasthan. According to Managing Director Abhyuday Jindal, Jindal Stainless Limited (JSL) is implementing several strategies to lower the carbon emissions generated by its current and future operations, including the installation of renewable energy facilities. As shared by […] Read more
Steel Maker Viraj Profiles Goes With TPREL For 100 MW Captive Solar Plant Updated On Thu, Sep 8th, 2022 by Saurenergy Tata Power Renewable Energy Limited (TPREL), one of India’s largest integrated renewable energy companies and a subsidiary of Tata Power, has collaborated with Indian Stainless Steel manufacturer – Viraj Profile Private Limited, to set up a 100 MW captive solar plant. The plant will be developed by Tata Power at Nandgaon at its Nasik site […] Read more
Growatt In Tie-up With Turkey’s Form Elektrik for 300 MW C&I Focused Solar Project Updated On Thu, Sep 8th, 2022 by Saurenergy Turkey-based Form Elektrik and China-based Growatt have agreed on a joint 300 MW solar project. This collaboration will help to satisfy market demand for reliable and cutting-edge solar energy products and solutions, especially in the C&I solar industry in Turkey. Growatt claims that it provides industry’s most potent C&I inverters, the MAX 100-125KTL3-X and MAX […] Read more
