Brookfield, EIG Consortium Ink Pact to Acquire Origin Energy for A$18.7bn Updated On Wed, Mar 29th, 2023 by Saurenergy A consortium comprised of Brookfield Renewable Partners, together with institutional investors GIC and Temasek, and MidOcean Energy of leading investor EIG will be acquiring 100% shares of Origin Energy Limited. The parities have signed a Scheme Implementation Deed. Origin Energy is Australia’s largest integrated power generator and energy retailer. The Scheme values Origin at an […] Read more
NTPC Renewable Energy Limited Signs Term Sheet with Greenko Subsidiary For RTC Power of 1300 MW Capacity Updated On Wed, Mar 29th, 2023 by Saurenergy NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy Limited, has signed Term Sheet with Greenko ZeroC Pvt Ltd (A Greenko Group Company) on 28th March, 2023 to Supply 1300 MW Round the Clock (RTC) RE Power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, India. The Term Sheet was signed […] Read more
Southeast Asia Needs US$200bn for Swift Energy Transition by 2030: IEA Updated On Tue, Mar 28th, 2023 by Saurenergy The International Energy Agency (IEA) in its latest report has noted that Southeast Asia will need at least US$200bn worth of investment in the energy sector by 2030 to speed up their clean energy transition. As per reports, the investments in renewables need more impetus with sufficient policies to support the development of robust project […] Read more
LG Energy Solution (LGES) to Build $5.5bn Battery Plant in Arizona Updated On Mon, Mar 27th, 2023 by Saurenergy LG Energy Solution (LGES) will invest about $ 5.5 billion to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities – one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). LGES said that this […] Read more
EDF Renewables to Supply 117 MWac of Solar Energy to California Utility Updated On Thu, Mar 23rd, 2023 by Saurenergy Renewable energy giant EDF Renewables North America has announced a 20-year PPA with Southern California Public Power Authority (SCPPA) for the energy and renewable attributes related to the 117 MWac/148 MWdc Sapphire Solar project. EDF Renewables said that Sapphire Solar is guaranteed to begin delivery of carbon-free electricity to SCPPA’s Participating Members – Anaheim, Pasadena […] Read more
Network Planning Group under PM Gati Shakti Gives Nod to Infra Project on Renewable Energy Updated On Thu, Mar 23rd, 2023 by Saurenergy At its 45th session, the Network Planning Group (NPG) under PM Gati Shakti reviewed an infrastructure project on renewable energy. The project is for the ISTS (Inter-State Transmission System) for renewable energy project in Ladakh, which is said to be an important one. In 2020, Prime Minister Narendra Modi had revealed about the establishment of […] Read more
“Ultimately, Green Hydrogen Will Drive The Biggest Changes In Energy”, John Grimes, SEC Australia Updated On Wed, Mar 22nd, 2023 by Saurenergy John Grimes leads the Smart Energy Council – Australia as its CEO. The council is an independent body that gives an impetus to the renewables sector in Australia by offering energy solutions. In March this year, John led an over 34 member delegation representing over 29 Australian smart energy firms to India. This visit saw […] Read more
Wind Energy Generation to Surge 4-5 Times on Policy Tailwinds: CRISIL Report Updated On Wed, Mar 22nd, 2023 by Saurenergy According to a report by CRISIL, the Ministry of New and Renewable Energy has introduced positive policy changes that could lead to a 6–8 GW annual increase in wind capacity starting in fiscal 2026. This would be four times the growth of 1.6 GW seen in the past five fiscal years, which was driven by […] Read more
Meta to Power Texas Datacentre with 240 MW Solar Energy from Avangrid Updated On Wed, Mar 22nd, 2023 by Saurenergy Iberdrola-owned renewable energy firm Avangrid has announced that it has signed a power purchase agreement (PPA) with social media platform Meta that will procure renewable energy from 240 MW True North Solar Farm. Avangrid held that the solar farm is currently under development in Falls County, Texas. It is also the first solar facility of […] Read more
