Prosus & South Pole Sign Deal with Innovative New Climate Finance Instrument Updated On Thu, Nov 10th, 2022 by Saurenergy Global technology investor Prosus and South Pole (top provider of climate solutions) have joined forces to use the new D-REC market tool to deliver distributed renewable energy projects in response to growing calls for greater corporate climate action at COP27. High social impact projects in South Africa and India will be their main priorities. Prosus […] Read more
Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific Updated On Thu, Nov 10th, 2022 by Saurenergy A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […] 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
Vivek Reddy Joins Telangana’s BikeWo as Co-Founder & CEO Updated On Wed, Nov 9th, 2022 by Saurenergy BikeWo, an electric two-wheeler brand with headquarters in Telangana, recently announced the appointment of Vivek Reddy as Co-Founder & CEO. Vivek has a wealth of experience in the infrastructure, energy, and environmental sectors. He has participated in the negotiation of several strategic agreements for large-scale renewable and non-renewable projects, both domestically in India and abroad […] Read more
IRENA Report: Renewable Energy Targets in 2022 Updated On Wed, Nov 9th, 2022 by Saurenergy A study titled “Renewable Energy Targets in 2022” has been released by the IRENA (The International Renewable Energy Agency). The renewable energy objectives in NDCs are the main focus of this report’s assessment of the most recent adjustments to climate pledges made before COP27. Recent geopolitical and climate-related developments confirm the urgent need for action […] Read more
Three Firms That Have Surprised Us With Their Plunge Into EV Charging Updated On Wed, Nov 9th, 2022 by Saurenergy The EV charging business–fueling a car with electric power rather than petroleum-based gas or diesel – has always been a loss for oil companies who are being dragged into the electric future. It may not be that way anymore. With an increase of EVs on roads, many old industrial mammoths, especially major oil firms, are […] Read more
ACEN Completes World’s First ETM Transaction, Retiring Out Coal Plant Updated On Wed, Nov 9th, 2022 by Saurenergy ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal […] Read more
KKR to Invest $400 Million in Sterlite Backed Serentica Renewables Updated On Tue, Nov 8th, 2022 by Saurenergy Kohlberg Kravis Roberts (KKR), a leading global investment firm, and Gurugram-based Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, have announced the signing of definitive agreements. Under the agreements, KKR will invest $400 million in the company. Standard Chartered Bank acted […] Read more
Masdar, Infinity Joint Venture Powers COP 27 with Green Energy Updated On Tue, Nov 8th, 2022 by Saurenergy There couldn’t have been a better occasion and a symbol for Masdar than to offer green energy coming from renewable sources for COP-27 under UNFCCC. A joint venture between UAE’s flagship RE company and Egypt’s Infinity called – Infinity Power Holding – announced that the solar PV plant it has developed in Sharm El-Sheikh is […] Read more
