Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] Read more
Electric Motorcycle Startup Raptee Pockets $3 Mn in Pre-Series A Round Updated On Tue, Sep 26th, 2023 by Saurenergy EV Motorcycle Startup, Raptee has raised $3 million in a Pre Series A round led by deep-tech VC fund Bluehill Capital. The all-equity funding round saw participation from investors including Eugene Mayne, Founder and CEO of Tristar Global (UAE), Lakshmi Narayanan, Former CEO Cognizant, Ramesh Kannan, Managing Director, Kaynes Technology, Chandu Nair, Director, Shankara Building […] Read more
Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC Updated On Mon, Sep 25th, 2023 by Saurenergy Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […] Read more
Haryana Issues Norms To Award Entities Opting For Solar Power Updated On Mon, Sep 25th, 2023 by Saurenergy The Haryana Renewable Energy Development Agency (HREDA) has now issued detailed guidelines to award institutions that use solar power or undertake energy efficiency measures to reduce carbon emissions. These awards have been planned for the industries and MSME sector having loads below 1 MW capacity and those above 1 MW capacity. The department has also planned these […] Read more
Enfinity Global Acquires 546-MW Of Solar Assets Updated On Fri, Sep 22nd, 2023 by Saurenergy American renewable energy conglomerate Enfinity Global has announced the acquisition of 546 MW of solar assets in Colorado. The solar assets are currently under development by CS Energy. As per the official statement issued by Enfinity Global, the acquisition portfolio consists of three solar projects developed in Colorado, an attractive solar market mandating 100% renewable […] Read more
CNGR, Al Mada Partner For $2 Billion EV Battery Plant in Morocco Updated On Fri, Sep 22nd, 2023 by Saurenergy Chinese battery components manufacturer CNGR Advanced Material and the African private investment firm Al Mada have unveiled plans to establish an industrial hub in Jorf Lasfar, Morocco. This project will entail an investment of $2 billion. This collaborative endeavor was officially disclosed through a joint statement by the two firms. The two entities are currently […] Read more
RWE Decides To Build 35-MW Battery Storage For Biomass Plant Updated On Fri, Sep 22nd, 2023 by Saurenergy RWE has announced its final investment decision to build a Dutch battery storage project with an installed power capacity of 35 MW and a storage capacity of 41 MWh. A total of 110 lithium-ion battery racks will be installed at RWE’s biomass plant in Eemshaven on an area of around 3,000 square metres. RWE plans […] Read more
Gujarat Releases Draft Renewable Energy Policy-2023 with Focus on Wind-Solar Hybrid Technologies Updated On Thu, Sep 21st, 2023 by Saurenergy The Government of Gujarat has notified the Renewable Energy Policy-2023 for further encouraging setting up of renewable generation projects based on wind, solar and wind-solar hybrid technologies. The policy will come into effect from the date of notification and shall remain in operation up to June 2028 or till notification of the new policy, whichever […] Read more
