OYA Renewables, Oil Well Shares Form JV to Develop 3 GW Renewables Updated On Thu, Nov 10th, 2022 by Saurenergy North American energy transition solutions platform, OYA Renewables and Appalachian-based energy major Oil Well Shares have announced the formation of Chrysalis Energy, a joint venture by the two for the development and construction of community and utility-scale solar, wind and energy storage infrastructure projects across the PJM region. PJM is part of the Eastern Interconnection […] Read more
At COP27, UAE And Egypt Agree to Build One of the Largest Wind Farms Updated On Thu, Nov 10th, 2022 by Saurenergy An agreement to build one of the largest onshore wind projects in the world in Egypt was signed recently in the presence of the Presidents of the United Arab Emirates (UAE) and Egypt, according to a formal statement. As per the statement, the agreement was signed by Masdar, a company that develops renewable energy in […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
IRENA Report: Indonesia Energy Transition Outlook Updated On Wed, Nov 9th, 2022 by Saurenergy A study titled “Indonesia Energy Transition Outlook” has been released by the IRENA (The International Renewable Energy Agency). This report offers an extensive, long-term energy roadmap that emphasises renewable energy sources for Indonesia’s transition to a cleaner, more sustainable energy system. The energy transition depends on Indonesia. As one of the Association of Southeast Asian […] Read more
With 165 GW Achieved, Investment of Over $300 Bn Needed to Achieve Another 335 GW by 2030 Updated On Mon, Nov 7th, 2022 by Saurenergy India needs strategic investments of more than $300 billion to achieve its clean energy capacity target of 500 GW by 2030, Arthur D. Little (ADL) has postulated a new study. Further, the study states that with 165 GW generation capacity already in place, India is on the right trajectory to meet its goal of having […] Read more
Energy Transition Lead Updated On Fri, Nov 4th, 2022 by Saurenergy The role is expected to include a significant level of project services including studies, project and programme management, concept design, FEED, detailed engineering design and asset management. The remit will include cross sector projects as well as those solely within the energy sector, noting that Hydrogen and CCUS offers a clear route to achieving net-zero […] Read more
Sterlite Power Mulls Over Investment of Rs 50,000 Crore in RE in Karnataka Updated On Fri, Nov 4th, 2022 by Saurenergy Pratik Agarwal, Managing Director, Sterlite Power, has revealed that his company will invest Rs 50,000 crore in renewable energy in the state of Karnataka. Speaking at the Global Investors’ Meet, Pratik Agarwal held, “Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into […] Read more
Oman Begins Tendering for 500-MW Solar Project Updated On Fri, Nov 4th, 2022 by Saurenergy When the Middle Eastern countries of Saudi Arabia and UAE are going bullish on renewable energy, Oman doesn’t like the idea of staying behind by far. In a key development, Oman Power and Water Procurement Co. (OPWP) has come up with a tender to select the independent power producers (IPPs) for the development of a […] Read more
Norwegian Firm Equinor Set Acquire BeGreen And 6 GW Solar Portfolio In Europe Updated On Fri, Nov 4th, 2022 by Saurenergy Norwegian energy firm Equinor has entered into an agreement with Denmark based solar project developer, BeGreen, that boasts of a pipeline of projects worth 6 GW in Denmark, Poland and Sweden- with an average project size of 300 MW. BeGreen also has a strong presence in Europe, where it has developed and sold more than […] Read more
