$5 Bn Green Hydrogen Project to Come up in Saudi Arabia Updated On Thu, Jul 9th, 2020 by Saurenergy Air Products, ACWA Power and NEOM, have agreed on a USD 5 billion green hydrogen-based ammonia production facility in NOEM, Saudi Arabia. Air Products, in conjunction with ACWA Power and NEOM, has announced the signing of an agreement for a USD 5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy. The project, which will be […] Read more
IFC Grants $25 Mn to NMB Bank to Boost Green Financing in Nepal Updated On Thu, Jul 2nd, 2020 by Saurenergy IFC is providing a USD 25 million loan to NMB Bank to boost financing for green projects and small and medium enterprises (SMEs) in Nepal The International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 million loan to NMB Bank, one of Nepal’s premier banks, to boost financing […] Read more
Bank of America and Duke Energy Agree PPA for 25 MW Solar Power Updated On Tue, Jun 30th, 2020 by Saurenergy Bank of America is partnering with Duke Energy to further expand its renewable energy commitment by powering its Charlotte operations with solar energy. Bank of America has announced today that it is partnering with Duke Energy to further expand its renewable energy commitment by powering its headquarters and other Charlotte operations with solar energy. Through a renewable energy […] Read more
Avaada Energy Gets LoA from MSEDCL to Develop 350 MW Solar Plant in M’rashtra Updated On Thu, Jun 25th, 2020 by Saurenergy Vineet Mittal-led Avaada Energy, a leading solar energy developer, has secured the Letter of Award (LoA) from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop 350 MW solar photovoltaic (PV) project in the state. Mumbai-headquartered Avaada Energy said in a statement that “it has been accorded a Letter of Award (LoA) to develop a […] Read more
Renewable Energy Certificate Sales in May Slip Over 55% to 3.33 Lakh Updated On Mon, Jun 22nd, 2020 by Saurenergy The sale of renewable energy certificates (RECs) during the month of May 2020, has dropped significantly by more than 55 per cent to 3.33 lakh units. As per the official data, 7.5 lakh of renewable energy certificates were sold in the same month a year ago. REC is a type of market-based instrument, and after generation of 1 […] Read more
Energy Major bp on its Transformation; Plans to Set Up Global Biz Service Centre in Pune, Employ 2,000 Updated On Thu, Jun 18th, 2020 by Saurenergy Energy supermajor bp on Thursday has revealed its plan to set up a major new centre for its global business services (GBS) operations in Pune, and for the same, it will hire around 2,000 people in next few months. Further, this bp-owned and operated centre is expected to begin operations by January 2021. The company […] Read more
Panasonic & Span to Deliver Energy Storage and Management Solutions Updated On Wed, Jun 10th, 2020 by Saurenergy Panasonic has announced a new strategic alliance with Span to deliver a combined energy storage and management offering to homeowners Panasonic has announced a new strategic alliance with Span to deliver a combined energy storage and management offering that will give homeowners a new level of control over their battery backup power with intuitive energy management for the entire […] Read more
COVID-19 Intensifies Need to Expand Sustainable Energy Solutions Globally Updated On Tue, Jun 2nd, 2020 by Saurenergy A new report has found that the world will fall short of ensuring universal access to affordable, reliable, and sustainable energy by 2030 unless efforts are scaled up significantly Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 unless […] Read more
EU Commits to Clean Energy in COVID-19 Recovery Strategy Updated On Fri, May 29th, 2020 by Saurenergy The EU has pledged to stay away from fossil-fueled projects in its COVID-19 recovery strategy, but environmental groups said they were unimpressed. The European Commission (for the EU) has pledged to stay away from fossil-fueled projects in its coronavirus (COVID-19) recovery strategy and to stick to its target of making Europe the first climate-neutral continent […] Read more
