UK to Pump $1.2 B into Green Projects in India: 11th Eco & Fin Dialogue Updated On Fri, Sep 3rd, 2021 by Saurenergy At the 11th India-UK Economic and Financial Dialogue (EFD) held yesterday, Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak signed off a $1.2 billion package of public and private investment in green projects and renewable energy to boost India’s green growth ambitions. The dialogue saw the announcement of new steps to tackle climate change […] Read more
New Green Standards Proposed for Power Gen Companies in Singapore Updated On Tue, Aug 31st, 2021 by Saurenergy In order to reduce its carbon footprint, Singapore has proposed new green standards for power generation companies operating in the country. The country currently relies on natural gas — a fossil fuel — to fulfil over 95% of its energy needs. However, in April this year, the island nation achieved its target for the year […] Read more
Green Group Files Climate Lawsuit Against Australian Gas Major Santos Updated On Fri, Aug 27th, 2021 by Saurenergy In a landmark move, green group Australasian Centre for Corporate Responsibility (ACCR) is suing oil and gas major Santos Ltd, challenging the company’s claims that natural gas provides “clean energy” and that it has a “credible and clear plan” to achieve “net zero” emissions by 2040 in the Federal Court of Australia. This is the first […] Read more
Siemens Energy to Build Green H2 Industry in Egypt Updated On Fri, Aug 27th, 2021 by Saurenergy German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […] Read more
Green Hydrogen Tech Can Decarbonise India’s Steel Sector: TERI Updated On Fri, Aug 20th, 2021 by Saurenergy Green hydrogen technologies have the potential to drastically reduce CO2 emissions from primary steelmaking in India, allowing the sector to industrialise without the need to “carbonise,” finds new research by the Energy and Resources Institute (TERI). The study entitled “Green Steel through Hydrogen Direct Reduction: A Study on the Role of Hydrogen in the Indian […] Read more
Green Bonds Worth $3.6 B Issued by Indian RE Developers in H1 2021 Updated On Thu, Aug 19th, 2021 by Saurenergy According to a study released by CEEW-CEF, Indian renewable energy developers issued green bonds worth INR 26,300 crore (USD 3.6 billion) in the first half of 2021 alone, beating even previous one-year records. The CEEW Centre for Energy Finance (CEEW-CEF) is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s […] Read more
US Distributed Energy Major Nexamp Closes $680 million Fund Raise Updated On Wed, Aug 18th, 2021 by Saurenergy Nexamp, which has a focus on distributed solar and storage systems, has secured a $240 million equity investment led by Generate Capital. The company also recently raised $440 million in debt financing, bringing its total new funding to $680 million. The new funding will accelerate Nexamp’s ability to offer a flexible range of decarbonization options for customers, expanding its […] Read more
MoP Issues Draft Electricity Rules 2021 for Green Energy Updated On Tue, Aug 17th, 2021 by Saurenergy The Ministry of Power has released the “Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021,” seeking comments from stakeholders within 30 days. The draft rules can be accessed here. These rules are proposed for the purchase and consumption of green energy, including the energy from ‘Waste-to-Energy’ plants. The draft rules address […] Read more
Tata Cleantech Report On The Indian Renewable Open Access Landscape Updated On Wed, Aug 4th, 2021 by Saurenergy A joint venture between Tata Capital Limited and International Finance Corporation (World Bank Group), Tata Cleantech Capital Ltd (TCCL), has made a report on the market trends and state comparatives of Indian Renewable Open Access. Globally, commercial and industrial (C&I) consumers, or corporates, account for 64% of the total electricity consumption. Under open access electricity […] Read more
