Shell to Fully Acquire US Green Firm Inspire Energy Capital Updated On Wed, Jul 28th, 2021 by Saurenergy Shell New Energies US LLC has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, a renewable energy residential retailer with joint headquarters in Santa Monica, CA and Philadelphia, PA. Shell New Energies, a subsidiary of oil major Royal Dutch Shell plc, focuses on two main areas: new fuels […] Read more
Arctic Green Energy and GIC to Jointly Decarbonsise Building Sector Updated On Tue, Jul 27th, 2021 by Saurenergy Arctic Green Energy, an Iceland-based renewable firm, and GIC, Singapore’s sovereign wealth fund, are partnering to drive the uptake of zero carbon district heating in Europe and Asia. Under the agreement, GIC will become an equity partner in Arctic Green Energy and commit a new injection of $240 million to support the expansion of the […] Read more
Fourth Partner Energy Takes Over 8.9MW Solar Portfolio from Statkraft India Updated On Fri, Jul 23rd, 2021 by Saurenergy Fourth Partner Energy has acquired 8.9 MW of solar portfolio from Statkraft India. India’s distributed solar energy firm focusing on building and financing solar projects, Fourth Partner Energy has announced acquiring 8.9 MW of solar energy portfolio of Statkraft India, an Indian branch of a European generator of renewable energy. This marks the first acquisition […] Read more
Form Energy Reveals Chemistry of its Long Duration Iron-air Battery Updated On Fri, Jul 23rd, 2021 by Saurenergy US technology firm Form Energy has announced the battery chemistry of its first commercial product and a $200 million Series D financing round led by ArcelorMittal’s XCarb™ innovation fund. The four-year-old startup claims that through the use of iron, one of the most common elements on Earth, it has built an inexpensive battery that can […] Read more
Global Electricity Demand Growing Faster than Renewables: IEA Report Updated On Fri, Jul 23rd, 2021 by Saurenergy Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing carbon dioxide emissions from the electricity sector to record levels next year, says a new report from the International Energy Agency. After falling […] Read more
Vision Mechatronics Delivers India’s first Hybrid Energy Storage Project Updated On Tue, Jul 20th, 2021 by Saurenergy Indian manufacturer of advanced Li-ion batteries, Vision Mechatronics has today announced establishing a Megawatt-scale Hybrid Energy Storage Project in Haryana. The hybrid project has a combination of ‘World’s Smartest Lithium Batteries’ (as per the company’s claims) together with Tubular Gel Batteries (lead-acid variant) to achieve economic long duration backup. Vision Mechatronics, has offered a ZeroBlackout Solution to […] Read more
Hamsa Asset Management Launching India’s first Renewable Energy Fund Updated On Fri, Jul 16th, 2021 by Saurenergy Chennai-based Hamsa Asset Management Pvt Ltd provides its investors a hassle-free approach to invest in renewable energy projects. Hamsa is launching India’s first renewable energy Alternative Investment Fund (AIF). It is making renewable energy accessible by providing a unique opportunity to invest in India’s first Renewable Energy AIF with a target 15% Equity IRR (internal […] Read more
Power Equipment Major Alfanar Acquires Wind Energy OEM Senvion India Updated On Thu, Jul 8th, 2021 by Saurenergy Saudi power equipment major Alfanar has made a formal entry into India’s energy sector through its 100% acquisition of wind turbine OEM Senvion India from Senvion GmbH. The acquisition was made through Global Renewable Energy Development Holding Company Limited (GREDHCL), a dedicated investment vehicle set-up by promoters of Alfanar. Announced back in December 2020, the […] Read more
Tirupati to Adopt Energy-efficient Practices, Installing 2 MW Rooftop Solar Updated On Mon, Jul 5th, 2021 by Saurenergy The nation’s richest temple trust, which manages the Tirumala Venkateswara Temple in Andhra Pradesh, has taken more steps to go green. The Tirumala Tirupati Devasthanams (TTD) is going to green with efficient energy practices along with a water management system. The Bureau of Energy Efficiency (BEE) has given acquiescence to AP State Energy Conservation Mission […] Read more
