Green Climate Fund Invests $1 Bn for Developing Countries Updated On Tue, Oct 23rd, 2018 by Saurenergy The 19 new projects amount to a total investment from GCF of USD 1,038 million, and including co-financing the projects will channel over USD 4,244 million of climate finance for low-emission, climate-resilient development. The Green Climate Fund (GCF) in its 21st board meeting in Bahrain has approved over one billion dollars of new projects and […] Read more
India, Bahrain, Lesotho, SA Clinch UN’s Top Honour for Investment Promotion Updated On Tue, Oct 23rd, 2018 by Saurenergy Invest India received the award for excellence in servicing and supporting a major global wind turbines company in the establishment of a blade manufacturing plant in India while committing to train local staff and produce 1 gigawatt of renewable energy. In another significant development, the agencies – Invest India, Bahrain Economic Development Board (EDB Bahrain), Lesotho […] Read more
Marathon Capital Sells OCI Solar Power’s 66MW Project Ivory to DESRI Updated On Tue, Oct 23rd, 2018 by Saurenergy The project, located in Dawson County, Texas, is anticipated to reach commercial operation in November 2018. One of the leading financial advisory and investment banking firm Marathon Capital has sold OCI Solar Power’s 66 MWDC in-construction solar photovoltaic project (Project Ivory) to D. E. Shaw Renewable Investments (DESRI). However, the company said that, OCI Solar Power funded the […] Read more
New Innovation from Germany: Graforce Produces Environmentally Friendly Fuel from Wastewater Updated On Tue, Oct 23rd, 2018 by Saurenergy Plasmalysis converts pollutants into energy and reduces emissions by up to 60 % The Berlin-based tech company Graforce has introduced a unique technology: Plasmalysis saves resources in its highly efficient generation of hydrogen from industrial waste water. Mixing in biogas produces hydrogen-enriched compressed natural gas (HCNG) – a cost-effective, environmentally friendly fuel for vehicles that […] Read more
RK Singh Launches Award Scheme under ‘Saubhagya’ Updated On Tue, Oct 16th, 2018 by Saurenergy More than 1.65 crore households connected since the launch of Saubhagya. RK Singh, Minister of State (IC) for Power and New & Renewable Energy, has launched an award scheme under Saubhagya to felicitate the DISCOMs/ Power Department of the States and their employees for achieving 100 percent household electrification in their areas of operation. The […] Read more
Renew Power Expands Leadership Team; Hires 3 Top Executives Updated On Thu, Oct 11th, 2018 by Saurenergy The company has appointed Mayank Bansal as President – Strategy & Operations, Varun Sivaram as Chief Technology Officer and Stephen O’Rourke as Managing Director, ReNew North America. One of the leading Independent Power Producer (IPP) ReNew Power has appointed three senior executives who have joined the organization in leadership roles. These strategic appointments are in-line […] Read more
Ørsted Buys 100% Equity in Deepwater Wind for $150 Mn Updated On Thu, Oct 11th, 2018 by Saurenergy Post completion of the transaction, the new organization will be named as Ørsted US Offshore Wind. Danish energy company Ørsted has inked a pact with the D.E. Shaw Group to acquire a 100 percent equity interest in US-based offshore wind developer Deepwater Wind for about USD 510 million. As per the deal, the two companies’ […] Read more
$141 Bn Batteries Market to 2022; Hybrid & EVs Largest Driver: Report Updated On Thu, Oct 11th, 2018 by Saurenergy Hybrid and Electric Vehicles (HEVs) to be the largest driver of growth; Grid storage market expanding quickly from small base. The global demand for batteries is forecasted to grow 9.8 percent per year to USD 141 billion in 2022, as per the ResearchAndMarkets report “Global Batteries by Product and Market, 11th Edition”. Further, the growth will […] Read more
GCL-SI, Solarpro Join Hands to Build Solar Park in Hungary Updated On Wed, Oct 10th, 2018 by Saurenergy The park will produce enough electricity to supply approximately 9,000 households. GCL System Integration Technology (GCL-SI) and Solarpro Holding AD (Solarpro) has successfully delivered 21 MW Poly Perc modules for the construction of MET Dunai Solar Park one of the largest photovoltaic power plants in Hungary. The park which built on 40 hectares in Szazhalombatta, near Budapest, partially […] Read more
