TotalEnergies to Acquire Commercial & Industrial Solar Business of SunPower Updated On Fri, Feb 11th, 2022 by Saurenergy TotalEnergies has announced that the company has signed a contract with SunPower Corp.’s to purchase latter’s Commercial & Industrial Solutions (CIS) business for $250 million. The amount includes $60 million of earn-out. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. Both the companies have approved the acquisition following a thorough process involving […] Read more
India’s RE Capacity Addition Rose by ~80% in Q3 FY22: CEEW-CEF Updated On Thu, Feb 10th, 2022 by Saurenergy New capacity addition of non-hydro renewable energy increased to 3.4GW during the third quarter of FY22, compared to just 1.9GW installed in the same period last year, according to the latest edition of the CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook. This is nearly an 80% rise in new renewable energy (RE) capacity addition […] Read more
European JV to Make Offshore Wind Floater for 15MW Turbines Updated On Thu, Feb 10th, 2022 by Saurenergy French engineering and technology company Technip Energies has acquired a 16.3% stake in Spanish renewable energy startup X1 Wind, which claims to have designed an innovative and disruptive offshore wind turbine floater with major environmental and operational benefits. The two companies will collaborate on the development of the first commercial-scale demonstrator, as well as the related industrialization and […] Read more
IIT-D Researchers Develop More Efficient Solar PV Towers Updated On Mon, Feb 7th, 2022 by Saurenergy Researchers at Indian Institute of Technology Delhi (IIT-D) have developed highly efficient, shadowless and auto rotating solar PV towers for photovoltaic power generation in a particular area throughout the day. According to the institute, the “non-mechanical” and “mechanical” tracking solar PV towers with reflection concentration are viable for all Indian seasons with high energy density. […] Read more
Kimberly-Clark India adds 1.7 MW Solar plant Updated On Fri, Feb 4th, 2022 by Saurenergy Even as India has committed to a net zero target by 2070, expectations from corporates is naturally higher, as they are better resourced and agile. The $19.1 billion (FY 2020) Kimberly-Clark Corporation, through its Indian subsidiary, Kimberly-Clark India has a significant presence in the consumer market too, and now, seeks to lead the change when […] Read more
Singareni Collieries Will Install 1,000 MW Solar Power Plants In Telangana Updated On Fri, Feb 4th, 2022 by Saurenergy The renewable quest of Telangana has received a shot in the arm with Singareni Collieries Company Limited (SCCL) – one of the key players in the energy sector in that part of the country – coming up with plans for a massive solar power push. In a fresh development, the company is mulling to establish […] Read more
Maha Discom Invites Bids for 865MW Solar Projects Updated On Wed, Feb 2nd, 2022 by Saurenergy Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) has invited bids for the procurement of 865 MW (AC) solar power from projects to be developed in Maharashtra through competitive bidding process (followed by e-reverse auction). The deadline for online bid submission is February 28, 2022, 4 pm. Other key details mentioned in the tender document are […] Read more
Budget 2022. Domestic Manufacturers Smile, Rest Stay With Wait And Watch Updated On Tue, Feb 1st, 2022 by Saurenergy Finance Minister Nirmala Sitharaman’s Budget 2022 announcements for the renewable sector might have seemed relatively few beyond the key announcement of an additional Rs 19500 crore the PLI scheme, but industry players have focused on the many positives beyond that. Vineet Mittal, Chairman, Avaada Group, besides highlighting the PLI move and the announcement of green […] Read more
Highlights from Economic Survey for RE Sector in 2021 Updated On Tue, Feb 1st, 2022 by Saurenergy The Economic Survey, which receded the annual budget of the government, is a widely anticipated document, seen more as a sort of white paper on what the government of the day considers its key achievements, and indications of the way ahead. To that extent, the latest Economic Survey document, all 442 pages of it in […] Read more
