Intersect Power Raises $750 Million Growth Equity Investment from TPG Rise & Others Updated On Wed, Jun 29th, 2022 by Saurenergy US-based clean energy company, Intersect Power announced a $750 million growth equity investment for its renewable energy portfolio yesterday (28th June 2022). TPG Rise Climate is the dedicated investor while Climate Adaptive Infrastructure and Trilantic Energy are the additional participants in this investment. With the help of this growth equity investment from TPG Rise & Others, Intersect […] Read more
OX2 Looks To Construct 5.5 GW Offshore Wind Farm Off Sweden Updated On Tue, Jun 28th, 2022 by Saurenergy Global renewable energy developer OX2 has announced that it has submitted a permit application under the law that deals with Sweden’s Exclusive Economic Zone for the construction of an offshore wind farm. The project called Aurora will come up between the islands of Gotland and Oland. Sweden is aiming to double its renewable energy capacity […] Read more
MNRE Will Invite Bids From States For 8,000 MW Power From Stranded Thermal Plants Updated On Mon, Jun 27th, 2022 by Saurenergy RK Singh, Union Minister of Power and New and Renewable Energy (MNRE), said on June 26 that the government will invite bids from the states to sell electricity generated from 8,000 megawatt (MW) thermal capacities without PPAs after aggregating the demands. About 8,000 MW of thermal capacities across the states in India are without any […] Read more
Sun Cable’s Australia-Asia Project Reaches Investment Ready Milestone Updated On Mon, Jun 27th, 2022 by Saurenergy Australia’s most ambitious trans continental project, the AAPL (Australia-Asia Power Link) project from Sun Cable has reached yet another milestone with categorisation as an investment ready project by the government agency Infrastructure Australia.. The David Griffin led firm has also been backed by Mike Cannon-Brookes’ Grok Ventures and Andrew Forrest’s Squadron Energy, together with a […] Read more
ADFD, Masdar Join 1.5 GW Renewables Platform of IRENA Updated On Thu, Jun 23rd, 2022 by Saurenergy The International Renewable Energy Agency (IRENA) has announced the signing of agreements with the Abu Dhabi Fund for Development (ADFD) and The Abu Dhabi Future Energy Company (popularly known as Masdar) that formalises the fund’s anchor investment of $ 400 million to Energy Transition Accelerator Financing (ETAF) Platform of IRENA. The official statement of IRENA […] Read more
New Fitch Report Says Saudi Arabia Solar Power Expansion To Reach 5.1 GW By 2031 Updated On Wed, Jun 22nd, 2022 by Saurenergy Fitch Solutions has come up with a fresh report stating that the solar power capacity of Saudi Arabia might grow to more than 5.1 GW between 2022 and 2031. The solar expansion holds massive potential given the long-term power sector plans and policy support from the Saudi Arabia government. The report also said that Saudi […] Read more
EU Votes To Ban Sales Of CO2 Emitting Combustion Engine Cars and Vans by 2035 Updated On Tue, Jun 21st, 2022 by Saurenergy The European Union has mandated a ban on vehicles powered by internal combustion engines (ICE) by 2035. The EU Parliament has voted in favour of cars and vans with zero emissions and stipulated 2035 as the deadline to achieve the mammoth target. EU Heralding EV Revolution The judgement has come at a time when giant […] Read more
EDF Renewables Set To Add 100 MW Solar Projects In UK By 2022 End Updated On Tue, Jun 21st, 2022 by Saurenergy EDF Renewables, UK, has begun to prepare and construct the site on two approved solar farms in the UK, with the projects totaling almost 100 MW every year. The solar projects are 49.9 MW each in different parts of UK. The first solar project will begin to generate power in the end of 2022. EDF […] Read more
EVs Buying Costs To Be At Par With Petrol Vehicles In A Year, Says Nitin Gadkari Updated On Mon, Jun 20th, 2022 by Saurenergy The Union Minister for Road Transport and Highways, Nitin Gadkari has expressed the hope in an event that the prices of all electric vehicles (EVs) are going to be equal to the cost of petrol vehicles in India in the coming one year. The premise behind the comment from the Union Minister is that, as […] Read more
