Low Carbon Secures £400 Mn Investment from MassMutual for Renewable Energy Updated On Thu, Jul 27th, 2023 by Saurenergy Renewable energy developer Low Carbon has secured £400m from its strategic partner Massachusetts Mutual Life Insurance Company to invest in renewable energy projects across the UK, Europe and North America. The £400m capital commitment from MassMutual will provide liquidity for Low Carbon’s pipeline of projects up until 2025. Announced in November 2021, the strategic partnership […] Read more
Philippines Grants 1.97 GW Solar Capacity in Second Green Energy Auction Round Updated On Wed, Jul 19th, 2023 by Saurenergy The Philippines Department of Energy (DOE) has shared a list of bidders who have won the Second Green Energy Auction Round (GEA-2). The Green Energy Auction Bids Evaluation and Awards Committee has awarded capacity worth 1,870.8 MW for ground-mounted projects and another 90 MW of capacity for floating solar power. 10 MW of capacity has […] Read more
Danish Renewable Energy Fund CIP Secures EUR 5.6 Billion Updated On Mon, Jul 10th, 2023 by Saurenergy Copenhagen Infrastructure Partners (CIP) successfully secured EUR 5.6 billion in capital commitments for their fifth flagship fund, Copenhagen Infrastructure V (CI V), on June 30, 2023. This achievement sets them on course to achieve their goal of raising a fund size of EUR 12 billion (about 13 billion USD), possibly making CI V the world’s […] Read more
European Clean Energy Developer TagEnergy Raises €570 MillionTo Drive Growth Updated On Mon, Jun 19th, 2023 by Saurenergy Clean energy developer and investor TagEnergy announced today a major capital injection, the closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000 (equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors. The fund raise comes at possibly the best time ever for European RE developers, with a market that […] Read more
The Top 5: States For Renewable Energy in India Updated On Fri, Jun 16th, 2023 by Saurenergy India’s power generation mix is rapidly shifting towards a more significant share of renewable energy. Today, India is the world’s third largest producer of renewable energy, with over 41 per cent of its installed electricity capacity coming from Renewable Energy Sources. Based on the recent Installed Capacity Report by Central Electricity Authority, this article sheds […] Read more
Cheaper Than Imports? US Counts On Inflation Reduction Act To Galvanise RE Manufacturing Updated On Tue, Jun 13th, 2023 by Saurenergy Researchers at Dartmouth and Princeton released a report on the estimated impacts the Inflation Reduction Act will have on the US wind and solar industry, including changes in wind and solar manufacturing, labor standards for clean energy workers, job creation, and demand for materials. Specifically, the report explores the impacts of the law’s clean electricity production and investment […] Read more
IEA Says Solar PV Capacity Additions Will Slowdown In India In 2023 Updated On Mon, Jun 5th, 2023 by Saurenergy The new report by International Energy Agency (IEA) – Renewable Energy Market Update, June 2023 – has said that the utility-scale solar PV projects are expected to slow briefly in 2023 due to supply chain challenges, lower auction volumes and trade policies. The IEA report has shown concern as solar power is India’s largest renewable […] Read more
India’s Utility Scale Renewable Growth To Face Hurdles In 2023 to 2024: IEA Report Updated On Thu, Jun 1st, 2023 by Saurenergy A latest report by the International Energy Agency (IEA) claimed that India is likely to see an increased installation of renewable energy in 2023 and 2024. It attributed this to some of the positive developments in the sector. The global report titled ‘Renewable Energy Market Update’ gives a projection of the growth of renewable energy across the […] Read more
GE Vernova Invests $50 Million To Develop 6.1 MW Turbines Updated On Tue, May 23rd, 2023 by Saurenergy As wind energy progresses in North America, GE Vernova is going to invest $50 million at its Schenectady facility in New York as the site will assemble three key components for GE Vernova’s 6.1 MW turbine. In addition, GE Vernova said it would hire 200 new skilled union operators, manufacturing engineers, and front-line leadership to […] Read more
