Macquarie Acquires France based Reden Solar for $2.7 Billion Updated On Wed, Mar 9th, 2022 by Saurenergy In a major development in the RE sector, France’s independent power producer (IPP) Reden Solar has been acquired by a consortium led by Macquarie Asset Management for an enterprise value of $2.7 billion. Reden Solar is one of the leading developers, builder and operator of solar photovoltaic (PV) power plants from France. At present the […] Read more
Ayana, Greenko Partner to Develop 6000MWhr Storage Capacity Updated On Tue, Feb 15th, 2022 by Saurenergy Greenko Group and NIIF-backed Ayana Renewable Power have entered into an agreement to provide standalone storage capacity in a template that sets a standard for such transactions in India, the companies announced in a recent statement. Under the partnership, the companies will develop firm and dispatchable renewable energy solutions, including round-the-clock power supply of up […] Read more
Brookfield Renewable Buys Urban Grid, Triples US Pipeline to 31GW Updated On Wed, Feb 9th, 2022 by Saurenergy Bermuda-headquartered Brookfield Renewable, which owns and operates renewable power assets, has acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13 GW of utility-scale solar and 7 GW of energy storage capacity for $650 million. The addition of Urban Grid’s projects approximately triples Brookfield Renewable’s U.S. development pipeline to approximately 31 […] Read more
GIP Invests $500 M in BrightNight’s Innovative RE Solutions Updated On Thu, Jan 13th, 2022 by Saurenergy Global Infrastructure Partners (GIP), together with its co-investors, announced that it has closed on a $500 million investment in renewable independent power producer (IPP) BrightNight. BrightNight aims to provide next generation power solutions by combining multiple renewable energy technologies and thereby enabling its customers to accomplish deeper decarbonization of their generation portfolio. The company’s development […] Read more
Algeria Releases Solar Tender to Deploy 1 GW Capacity Updated On Wed, Jan 12th, 2022 by Saurenergy The Ministry of Energy Transition and Renewable Energy of Algeria has launched a tender for the deployment of 1 GW of solar capacity. The procurement exercise will be divided into lots ranging from 50 MW to 300 MW each. The developers can submit technical and financial offers by April 30, 2022. Algerian Renewable Energy Company (SHAEMS), […] Read more
U.S. Solar Platform for Shell Raises $775 M in New Equity Capital Updated On Mon, Jan 10th, 2022 by Saurenergy Nashville-based Silicon Ranch Corporation, an independent power producer in the U.S. and the American solar platform for Shell, has raised $775 million in new equity capital. The equity raise will support continued execution of Silicon Ranch’s business plan, including construction of its contracted pipeline and the acceleration of its customer-led growth strategy, by developing new […] Read more
Energy Vault to Help Korea Zinc Subsidiary Produce Green Zinc Updated On Mon, Jan 10th, 2022 by Saurenergy Energy Vault is partnering with Korea Zinc, a company involved in non-ferrous metal smelting production, such as that of zinc, lead, silver and rare metal indium, for renewable energy storage. Through this partnership, Korea Zinc aims to decarbonize its refining and smelting operations, focused initially under its wholly-owned subsidiary Sun Metals Corporation. The companies expect to […] Read more
Discoms’ Outstanding Dues to Gencos Rise 4.4% to ₹1,21,030 cr in Jan Updated On Mon, Jan 10th, 2022 by Saurenergy Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing […] Read more
Siemens Gamesa to Supply Turbines for 302MW Wind Farm in Karnataka Updated On Tue, Dec 28th, 2021 by Saurenergy Siemens Gamesa has secured a new order in India from Ayana Renewable Power Six Private Limited to supply a 302MW wind power project. The company will provide 84 units of its SG 3.6-145 wind turbine for the purpose of installation in the Gadag district of Karnataka. Ayana first partnered with Siemens Gamesa in 2019 for […] Read more
