ADB Arranges $107 Million for BIM Group to Support Wind Project in Vietnam Updated On Wed, Dec 21st, 2022 by Saurenergy The Asian Development Bank (ADB) has signed a financial package of $107 million with BIM Wind Power Joint Stock Company (JSC) to support the operation of an 88 MW wind energy farm located in Ninh Thuan province of Vietnam. The wind project lies to the south-central coast of the South East Asian country. BIM Wind […] Read more
Punjab Invites Bids for 10 MW Grid Connected Solar Power Plants Tender Updated On Wed, Dec 21st, 2022 by Saurenergy Punjab Energy Development Agency (PEDA) has floated 10 MW grid-connected rooftop or ground-mounted solar power plants under the renewable energy service company (RESCO) model at various locations in the state. The last date for submitting the online bid is January 30, 2023, and the bid will be opened on January 31, 2023. The scope of […] Read more
Li-ion Battery-Maker NorthVolt Aims to Build World’s Greenest Battery Cell Updated On Wed, Dec 21st, 2022 by Saurenergy Northvolt is a Sweden-based startup which develops sustainable lithium-ion batteries in conjunction with R&D, industrialisation, and recycling to support clean energy. The Li-ion battery maker was founded in 2016, with a mission to build the greenest battery in the world. The firm provides electrification and renewable energy storage designed for lithium-ion battery plants to produce […] Read more
The Firms Reliance Bet On For Storage and Cell Manufacturing Updated On Mon, Dec 19th, 2022 by Saurenergy One of the largest private sector corporations in India and a multinational conglomerate, Reliance Industries Ltd. has shown a growing interest in the energy storage sector. Reliance New Energy Limited, a subsidiary firm, designated for its clean energy bentures has been busy – acquiring, signing agreements, or investing in firms. Be it Netherlands based LithiumWerks, […] Read more
Mahindra CIE Automotive Takes 27% Stake in Captive Power Developer Strongsun Solar Updated On Tue, Dec 13th, 2022 by Saurenergy Automotive component maker and supplier Mahindra CIE Automotive has said that it has invested Rs 2.42 crore in Strongsun Solar. Mahindra has made the investment through a subscription of 3,03,250 equity shares of Rs 10 each of Strongsun Solar which will constitute 27.35% of the post-issue paid-up capital of the renewable energy company. Strongsun Solar […] Read more
United Nations Donates $10 Million for Renewables to Support Zimbabwe Updated On Mon, Dec 12th, 2022 by Saurenergy Just when Zimbabwe has been facing acute power shortages and prolonged darkness hampering the economic activities and the quality of life of the citizens, the United Nations (UN) has made a donation of $10 million to the African country to finance the development of renewable energy projects. The donation is to enable Zimbabwe to come […] Read more
Solar Is Changing Fast, Here Are 5 Ways It Already Has Updated On Mon, Nov 28th, 2022 by Saurenergy When the Jawaharlal Nehru National Solar Mission was launched back in January 2010, India had a total installed solar capacity of around 160 MW. The mission itself had a target of 20 GW by 2022. However, changes on the ground in terms of technology, availability and fresh climate realities meant a wholesale upgrade on those […] Read more
Actis’ BluPine Energy Buys 404 MW of Solar Power Assets from Atha Updated On Fri, Nov 25th, 2022 by Saurenergy Delhi-based renewable energy and storage solution provider company, that is 100% backed by global investment firm Actis Llp, BluPine Energy has purchased 404 MW of solar power assets from Atha Group, a private equity corporation headquartered in London. The enterprise value of the solar assets owned by Atha in this transaction is close to Rs. […] Read more
Energy Transition Firm Transition VC Floats First Fund Worth Rs 400 Cr Updated On Thu, Nov 24th, 2022 by Saurenergy Bengaluru-based first venture capital firm dedicated to energy transition, Transition VC, has launched its first fund with a target corpus of Rs 400 crore and a greenshoe option of Rs 200 crore. Transition VC will invest in seed rounds of firms in a variety of transitioning industries, including new energy, e-mobility, green hydrogen, energy storage, […] Read more
