IKEA Investment Arm Secures Norwegian Offshore Wind Project Updated On Thu, Mar 21st, 2024 by Saurenergy Ventyr, a consortium consisting of Parkwind and Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, has announced its success in the Norwegian auction for the development of the Sørlige Nordsjø II phase 1 offshore project area in the Southern Norwegian North Sea. According to a media statement by Parkwind, part of […] Read more
Green Energy Projects In Rs 4,066 Crore Investment Approved By Odisha Govt Updated On Wed, Mar 6th, 2024 by Saurenergy Odisha government’s State-Level Single Window Clearance Authority has sanctioned 22 projects valued at Rs 4,066.71 Crore. These projects were approved in the 129th meeting of the State Level Single Window Clearance Authority meeting chaired by Odisha Chief Secretary Pradeep Jena. The new projects span various sectors, including Green Energy Equipment, Chemical, Textiles and Apparel, Steel, […] Read more
Jindal Stainless Plans Rs 700 Crore Investment In Renewable Projects: Report Updated On Tue, Mar 5th, 2024 by Saurenergy Stainless steel company Jindal Stainless Ltd (JSL) will invest Rs 700 crore over the course of the next three years regarding renewable energy projects. According to media reports, this will be done to reduce its carbon footprint, including the embedded emissions across its offerings. Media reports quoting Abhyuday Jindal, Managing Director, JSL, stated that investments […] Read more
World Bank And Japan Sign RISE Pact to Boost Clean Energy Investments Updated On Wed, Feb 28th, 2024 by Saurenergy World Bank and Japan have signed an administration arrangement outlining the terms and conditions to implement the Resilient and Inclusive Supply-chain Enhancement (RISE) Partnership, which was officially launched in October 2023. The agreement was signed between the World Bank Vice President for Infrastructure, Mr. Guangzhe Chen, and the Executive Director for Japan at the World […] Read more
RenewSys Ink MoU with Telangana For Rs 6,000 Crore Investment in Solar Manufacturing Updated On Tue, Feb 27th, 2024 by Saurenergy Singapore-based integrated manufacturer of solar modules, RenewSys India Private Limited has signed a Memorandum of Understanding (MoU) with the Telangana government, regarding establishing several manufacturing units for Photovoltaic (PV) modules and PV cells within the state. The agreement is about a phased investment totaling Rs 6,000 crore, slated to extend until the financial year 2028. […] Read more
PGCIL Approves Rs. 655.75 Cr. Investment For Two Transmission Projects Updated On Tue, Feb 20th, 2024 by Saurenergy Power Grid Corporation of India Limited (PGCIL) recently announced the approval of two investment projects worth Rs. 655.75 crores by its board of directors. The project included the implementation of unified load dispatch and communication (ULDC) phase III (SCADA/EMS upgradation project –northern region SLDCs) at an estimated cost of Rs 514.66 crore. The committee of […] Read more
Renewable Investments In Africa Need To Grow 5 Times: Report Updated On Tue, Feb 13th, 2024 by Saurenergy A new report by think tank Climate Analytics finds $8 trillion of investment is needed for new renewables and $4 trillion for grid and storage infrastructure to deliver the 2030 tripling goal agreed at COP28 – or combined, $2 trillion a year on average. Using climate finance to mobilise $100 billion a year for the […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
Biden Administration Announces $207 Mn Investment In Clean Energy Updated On Tue, Jan 23rd, 2024 by Saurenergy The US Department of Agriculture (USDA) Secretary Tom Vilsack recently announced USDA $207 million investment in renewable energy and domestic fertilizer projects. These projects are expected to lower energy bills, generate new income, create jobs, and strengthen competition for US farmers, ranchers and agricultural producers. Many of the projects are being funded by President Biden’s Inflation […] Read more
