ReNew Signs Contract To Sell 300 MW Solar Project With $199mn Valuation Updated On Mon, Jan 8th, 2024 by Saurenergy Indian renewable energy company ReNew today announced that it has signed a Share Purchase Agreement with India Grid Trust to sell a 300 MW solar project in Rajasthan – ReNew Solar Urja Private Limited – for a total enterprise value of $199 million. The transaction is expected to close in accordance with PPA conditions. Approximately […] Read more
CIP Commences Construction Of 300 MW Wind Project With Envision Updated On Mon, Jan 8th, 2024 by Saurenergy Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund I (CI GMF I) have taken final investment decision (FID) on a 300 MW onshore wind project in India together with Viviid Renewables (Viviid), an Indian developer and balance-of-plant service provider. The project is located at Karnataka with favorable wind conditions, good site accessibility, and an […] Read more
VinFast Will Invest $2 Billion For Tamil Nadu Integrated EV Plant Updated On Mon, Jan 8th, 2024 by Saurenergy VinFast, the prominent electric vehicle (EV) manufacturer in Vietnam, has unveiled plans to establish an electric vehicle plant in the coastal town of Thoothukudi in southern Tamil Nadu, with a substantial investment totaling $2 billion. This announcement coincides with the ongoing Tamil Nadu Global Investors Meet in Chennai. In an official statement, VinFast declared its […] Read more
To Boost Renewables, Resilient Energy Systems, US Commits $70mn Updated On Mon, Jan 8th, 2024 by Saurenergy The United States (US) Department of Energy (DOE) announced up to $70 million of funding to support research into technologies designed to increase resilience in energy delivery infrastructure. The move is likely to boost the renewables into the system and boost the capabilities of the grid infrastructure in the country. The funding would support from […] Read more
BrightNight Announces $375 million Corporate Credit Line For RE portfolio Updated On Fri, Jan 5th, 2024 by Saurenergy BrightNight, a global renewable power producer has announced the closing of a $375 million corporate credit facility. It said that this would help it accelerate development of its 31 GW U.S. Renewable Power Portfolio. This significant financial milestone underscores the company’s commitment to advancing renewable energy solutions that are safe, reliable, affordable, and clean. The […] Read more
In 2024, US-China Trade Tensions Likely To Cast Shadow Over EV, PV Supply Chains Updated On Fri, Jan 5th, 2024 by Saurenergy Short of an unprecedented rapprochement, the EV sector looks set to be headed into some potholes in 2024. The reason is heightening tensions between the US and China, as both countries ratchet up measures to assert control over their respective strengths. For China, it is its huge dominance of the EV supply chain, from batteries […] Read more
Tesla Power India Launches Refurbished Battery Brand-‘Restore’ Updated On Thu, Jan 4th, 2024 by Saurenergy Tesla Power India today announced introducing ‘ReStore’, India’s first refurbished battery brand supporting self-reliance, skill development, and green technology. The initiative is led by Tesla Power India Private Limited, which is headquartered in Gurgaon and has global headquarters in Delaware, USA. Its Electro-Chemical Battery Enhancement Process (EBEP) is poised to transform the battery industry landscape, […] Read more
Vietnam’s VinFast looks to open EV battery plant in Tamil Nadu Updated On Thu, Jan 4th, 2024 by Saurenergy VinFast, a leading Vietnamese electric vehicle manufacturer, has identified Thoothukudi as the location for its upcoming battery manufacturing plant. The company is poised to make a significant investment, amounting to hundreds of millions of US dollars, in a spacious 400-acre area. Moreover, this will be VinFast’s inaugural investment venture in India. Originally, VinFast was looking […] Read more
Private Sector Specialist (P3) Updated On Thu, Jan 4th, 2024 by Saurenergy The Private Sector Specialist will support the ISA through the collection, analysis, and presentation of data on renewable energy (solar) investment needs and opportunities specifically in relation to private sector contributions and engagements in solar energy. The Private Sector Specialist will be responsible for leading the private sector engagement activities of ISA. The Specialist will […] Read more
