India Needs $223 Billion To Meet 500 GW RE Target By 2030 Updated On Thu, Jun 23rd, 2022 by Saurenergy As per the findings revealed in a new report by BloombergNEF (BNEF) in a seminar in New Delhi on June 22, India will need $223 billion of investment to meet the target of wind and solar capacity installations up to 500GW by 2030. A Look At The Numbers In a telling trend, the country has […] Read more
Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
Extending The Net Metering Policy To Energy Storage Devices Will Grow The Market Updated On Mon, Jun 13th, 2022 by Saurenergy Sheru, an energy storage startup supports storing energy in the cloud and solves the lack of storage problems by aggregating idle battery capacity to create a virtual energy storage platform. Sheru was started by three friends, Ankit Mittal, Shikhar Sharma, and Nakul Mehan, engineering graduates from BITS Pilani. Having helped build robotics solutions in India’s first deep […] Read more
South Africa Moves A Step Closer to 540 MW Solar and 1.1 GW Storage With Scatec PPA Signing Updated On Wed, Jun 8th, 2022 by Saurenergy Oslo, Norway headquartered, Scatec ASA has signed a power purchase agreement for three co-located solar and storage projects under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) alongside the South African government. The PPA will run for 20 years. This agreement also included 540MW of solar power capacity. With this, South Africa is one […] Read more
South African Miner Harmony Gold To Add 30 MW Solar For Cleaner Mining Updated On Mon, Jun 6th, 2022 by Saurenergy Leading South African Mining firm Harmony Gold Mining has begun to construct a 30 MW solar PV plants in South Africa. The effort is part of its ESG goals to achieve a lower carbon footprint. The action plan is divided into three parts: Phase I, Phase II and Phase III. Phase I has mandated the […] Read more
Cipla is Expanding Its Renewable Energy Plant in Association with AMP Energy Updated On Fri, Jun 3rd, 2022 by Saurenergy Cipla Limited is adding 16MW to its 30MW solar plant capacity to meet the energy needs of manufacturing operations in Kurkumbh and Patalganga, as well as R&D units in Maharashtra. Cipla commissioned this 30MW solar plant last year (2021) in January at Tuljapur. For the commissioning of both projects, Cipla Ltd has done the partnership […] Read more
Siemens Gamesa, Greenalia To Install 3 Wind Farms of 110 MW in Spain Updated On Wed, Jun 1st, 2022 by Saurenergy Global renewable energy player Siemens Gamesa and independent power producer Greenalia have announced that they will install a hat-trick of wind farms in the province of A Coruna in Spain. The total capacity of the project will be 110 MW. According to the official statement by Siemens Gamesa, the three wind farms will be equipped […] Read more
Korea Zinc Subsidiary Ark Energy In Major Renewable Deals Updated On Thu, May 12th, 2022 by Saurenergy Ark Energy Corporation Pty Ltd, an Australian subsidiary of zinc, lead and silver giant Korea Zinc Co. Ltd, has acquired a 9 GW solar and wind pipeline from renewable energy developer Epuron Holdings Pty Ltd. Yun B. Choi, Founder and Chairman of Ark Energy and Vice Chairman of Korea Zinc, said the Epuron acquisition is an important […] Read more
Energy Vault, Two Others Construct Gravity-Based Energy Storage in China Updated On Fri, May 6th, 2022 by Saurenergy Energy Vault Holdings announced the groundbreaking for the first EVx deployment for gravity based energy storage system in China. The 100 MWh EVx system is being built adjacent to a wind farm and national grid site in Rudong located outside of Shanghai to augment and balance China’s national energy grid through the delivery of renewable […] Read more
