Vestas to Acquire Minority Stake in Renewable Project Developer Sowitec Updated On Mon, Apr 15th, 2019 by Saurenergy The acquisition is expected to be finalised during the second quarter of 2019 and will have no significant impact on Vestas earnings. To support Vestas’ strategy and increase its capability to partner with its customers in project development in selective markets, Vestas has announced the acquisition of a 25.1 percent minority stake in Sowitec with […] Read more
TERI Prepares Roadmap to Foster Resource Efficiency Policy for India Updated On Fri, Apr 12th, 2019 by Saurenergy Improving use of resources, through adoption of a Resource Efficiency strategy, will be key to India’s sustained high growth and enhanced wellbeing. Leading think tank in energy and environment, The Energy and Resources Institute (TERI), has submitted a detailed reference report on ‘National Resource Efficiency Policy for India’ to the Ministry of Environment, & Forests […] Read more
Apple Set to Surpass its Clean Energy Goals with New Supplier Commitments Updated On Fri, Apr 12th, 2019 by Saurenergy Global tech-major, Apple has revealed that it has nearly doubled the number of suppliers that have committed to run their Apple production on 100 percent clean energy, bringing the total number to 44. Because of this partnership between Apple and its suppliers, the California-based tech company will exceed its goal of bringing 4 GW of […] Read more
Praj Industries & Gevo USA to Collaborate on Production of Renewable Aviation Jet Fuels Updated On Wed, Apr 10th, 2019 by Saurenergy As per the pact, Praj will provide Engineering Procurement and Construction (EPC) services to 3rd parties using a process design package developed by Praj, which uses Gevo’s proprietary Isobutanol biocatalyst on sugary-based feedstock. Pune-based process and project engineering company, Praj Industries has signed a Construction License Agreement (CLA) with Gevo, Inc, USA to commercialise the […] Read more
PFS Partners with USICEF For Financing Solar Projects in India Updated On Mon, Apr 8th, 2019 by Saurenergy PFS has partnered with USICEF to leverage funds for distributed solar power projects in the country. Infrastructure finance company, PTC India Financial Services (PFS) has partnered with the US-India Clean Energy Finance (USICEF) to secure funds for funding solar projects in India. “It is an innovative facility which presents PFS with an opportunity to finance […] Read more
World Bank Grants $148Mn to Finance Access to Electricity in Mozambique Updated On Thu, Apr 4th, 2019 by Saurenergy The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique, including Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the Bank. With the potential to benefit about 1.5 million people, […] Read more
India Should Evaluate BESS as a Viable Storage Tech Updated On Thu, Apr 4th, 2019 by Saurenergy The US-India Strategic Partnership Forum (USISPF) has said that grid-connected battery-based energy storage system (BESS) should be evaluated more actively as a commercial storage technology for grid services, as it offers superior performance and a declining price trend in the future. “In the 21st century, India’s symbol of national pride should be its grid that […] Read more
ABB, Rolls-Royce Ink Pact to Provide Microgrid Solutions Updated On Wed, Apr 3rd, 2019 by Saurenergy The two companies joined hands on microgrid solutions that integrate digital technology and efficient hybrid power systems. ABB and Rolls-Royce had entered into a global partnership on microgrid technology and advanced automation. As per the deal, the two companies will offer an innovative, energy-efficient microgrid solution for utilities, commercial and industrial entities. The microgrid provides […] Read more
Deloitte Proposes Roadmap for Achieving India’s 40 GW Rooftop Solar Target by 2022 Updated On Wed, Apr 3rd, 2019 by Saurenergy Scaling up rooftop solar in the MSME sector in India requires addressing issues related to lack of low-cost financing, inadequate level of awareness, and lack of rooftop aggregation models. In order to achieve the government’s ambitious target of building 40 GW of rooftop solar capacity by 2022, professional services and consultancy firm Deloitte has suggested […] Read more
