World Bank Commits $1 Bn for Battery Storage to Bolster Renewables Globally Updated On Fri, Sep 28th, 2018 by Saurenergy Also, the program aims to finance 17.5 GWh of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries. The World Bank Group has committed to investment USD 1 billion for a new global program to ramp up investments in battery storage for energy systems in developing and […] Read more
Statkraft to Invest $1.2 Bn in Renewable Energy Updated On Thu, Sep 27th, 2018 by Saurenergy In order to achieve the target, Statkraft has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Renewable Energy generator, Statkraft in a bid to strengthen its position in the renewable energy industry has planned to invest USD 1.2 billion in the renewable energy segment during the period 2019-2025. In […] Read more
IESA to Host 2nd India Energy Storage Policy Forum Updated On Mon, Sep 17th, 2018 by Saurenergy The IESA forum will focus on policy issues related to grid and off grid applications to support renewable development, energy storage for EVs and charging infrastructure as well as R&D and manufacturing ecosystem in India. India Energy Storage Alliance (IESA) is to host the second edition of India’s Energy Storage Policy Forum on the eve […] Read more
Renewable Energy May Cause $6 Trillion Fossil-Fuel Divestment Updated On Wed, Sep 12th, 2018 by Saurenergy J P Morgan mentions that contrary investment in the renewable energy would pose a high risk on shareholder returns for the oil giants. With an increased pressure from governments and consumers to use renewable energy, oil industry is eyeing investing in alternative sources of energy. Leading market analyst, J P Morgan suggests that the global […] Read more
Fossil Fuels Won’t Last Long: Suresh Prabhu on Renewable Energy Updated On Wed, Sep 5th, 2018 by Saurenergy The cost of renewable energy is inversely proportional to the amount of its generation in India. As the country proceed with more generation of renewable energy the costs of development will gradually reduce. Speaking at a function of International Solar Alliance (ISA) Innovation and Investment Forum, Union Minister Suresh Prabhu stressed upon the need to increase […] Read more
Facebook: Commits 75% Lower Emissions, Power 100% Renewable Energy by 2020 Updated On Tue, Aug 28th, 2018 by Saurenergy In a record-breaking year of corporate renewable energy purchases, Facebook is on track to be one of the largest corporate purchasers of renewable energy. Social media giant Facebook has committed to reduce its greenhouse gas emissions by 75 percent and powering its global operations with 100 percent renewable energy by the end of 2020. In a record-breaking year […] Read more
Mytrah Energy Commissions Rooftop Solar Project in Maharashtra Updated On Mon, Aug 27th, 2018 by Saurenergy The institute runs up an annual electricity bill of close to Rs. 15 lakh based on the current tariff followed by Mytrah Energy solar power plant. Leading solar power provider, Mytrah Energy has commissioned the operation of a 103.5 kWh rooftop solar power plant for Suretech Hospital and Research Centre, a nursing training institute in Nagpur, Maharashtra. […] Read more
Cygni Energy Raises $6.4 mn to Back Expansion Updated On Thu, Aug 23rd, 2018 by Saurenergy Cygni Energy equity funding is led by Endiya Partners, a leading early-stage venture capital firm that invests in product startups, and the debt by IndusInd Bank, a leading Private Bank in India. Hyderabad based innovative Solar-DC solutions startup, Cygni Energy has raised a funding of USD 6.4 million through a combination of Equity and Debt. The equity funding […] Read more
Adani Green Energy Acquires AGEPtel to Foray Global Investments Updated On Wed, Aug 22nd, 2018 by Saurenergy AGEPteL has authorised and paid-up share capital of USD2,000 with no turnover as on March 31, 2018. Adani Group’s solar power generation and manufacturing arm, Adani Green Energy has acquired 100 percent stake in Adani Green Energy Pte (AGEPtel) from its group firm Adani Global Pte (AGPte) as per the BSE filing. Launched in March […] Read more
