Kotak Mahindra Arm to invest ₹1000cr in Sify’s Data Center biz, RE Assets Updated On Tue, Nov 2nd, 2021 by Saurenergy A distressed assets focused fund promoted by a Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment in the data centre business of Sify Technologies. The investment in Sify Infinit Spaces will help the company invest up to Rs 4,000 crore in building data centres in Mumbai, Noida, Chennai, Bangalore and Hyderabad and […] Read more
Midsummer Bags €38 M Grant to Build Thin Film Solar Roofs in Italy Updated On Tue, Nov 2nd, 2021 by Saurenergy Italian authorities have confirmed that Swedish manufacturer of thin film CIGS solar cells Midsummer will receive incentives of approximately €38 million in the form of grants and soft loans. These will go towards building a factory and commencing manufacturing lightweight, environmentally friendly thin film solar roofs in Bari, Italy, for the global market. The production […] Read more
Global Alliance Launches at COP26 to Boost RE in Developing Economies Updated On Tue, Nov 2nd, 2021 by Saurenergy The new Global Energy Alliance for People and Planet (GEAPP) will be launched today at COP26 to accelerate investment in green energy transitions and renewable power solutions in developing and emerging economies worldwide. Over the next decade, the Alliance aims to unlock USD100 billion in public and private capital and tackle three problems: (1) POWER […] Read more
Fossil-dependent Russia Finally Warms Up To Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, The Moscow Times reported industry experts as saying. Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the […] Read more
On MP Foundation Day, CM Announces Twin Schemes for Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced two new schemes on the 66th Foundation Day of the state, which was celebrated as Madhya Pradesh Utsav with the guiding theme of Atmanirbhar MP on Monday. The two new schemes included Kusum Yojana, under which cooperation will be provided to the local bodies for setting up […] Read more
Turkey Plans to Add 1000 MW Solar Capacity by 2022 Updated On Tue, Nov 2nd, 2021 by Saurenergy Turkey will increase the share of renewable sources in energy production starting from 2022, Yeni Shafak, a leading local daily has reported. The highest capacity rise for 2022 is expected to be seen in solar energy production with around 1,000 megawatts, the report added. The Energy and Natural Resources Ministry’s strategic plan for 2023 aims […] Read more
Inverter Major Sungrow Hits 10 GW Shipment Record In India Updated On Tue, Nov 2nd, 2021 by Saurenergy Sungrow, the global leading inverter solution supplier for renewables, has breached a new milestone for PV inverter shipments in India – 10 GW. Gratifyingly for the firm, it has not been even one year since the last 7 GW record, announced in January 2021. The company has clearly done well from the sharp recovery of […] Read more
Beyond Net Zero at 2070. PM Modi Makes Key Promises For India At COP26 Updated On Tue, Nov 2nd, 2021 by Saurenergy Prime Minister Narendra Modi, in his speech at the COP26 Glasgow on November 1, did make a concession to activists demanding a net zero target from India. 2070. If that seems underwhelming (China has a commitment of net zero by 2060), then you might miss the really important part of his promises. The 500 GW […] Read more
European Energy Exits 3 Wind Farms in Lithuania Updated On Mon, Nov 1st, 2021 by Saurenergy Danish renewable energy developer and financier European Energy has signed an agreement to sell three wind farms in Lithuania with the total capacity of 185.5 MW to a Lithuanian firm. The agreement is expected to be closed by November end. The wind farms are under construction and consist of a total of 34 GE 158-5.5 […] Read more
