Mahindra, Ontario Teachers’ Co-Sponsor 2262.8 Crore Renewable Project Updated On Mon, Jan 15th, 2024 by Saurenergy Mahindra Group, a farm equipment, utility vehicles, information technology and financial services businesses in India, and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), an institutional investor, have co-sponsored an Infrastructure Investment Trust (InvIT) in the renewable energy space. The InvIT, ‘Sustainable Energy Infra Trust’ (SEIT), is India’s InvIT in the renewable energy space. SEIT has […] Read more
NHPC Awards 250MW Rajasthan Solar Project To Apraava Energy Updated On Thu, Jan 11th, 2024 by Saurenergy The National Hydroelectric Power Corporation (NHPC) awarded a 250 MW Inter-State Transmission System (ISTS) connected solar energy project in Rajasthan to Apraava Energy. Apraava Energy, an integrated energy solutions provider, announced receiving the order today. The project order through the e-reverse auction mechanism at a walk-out tariff of INR 2.53 per kWh is scheduled to be completed within […] Read more
Singapore’s Nexif Ratch Energy Appoints Cyril Dissescou CEO Updated On Thu, Jan 11th, 2024 by Saurenergy Nexif Ratch Energy Investments Pte. Ltd. (“Nexif Ratch Energy”), a leading owner/operator and developer of clean-energy power projects in the Asia Pacific region, has announced the appointment of Cyril Dissescou as its Chief Executive Officer. Cyril takes over from Matthew Bartley who stepped in as interim CEO to establish Nexif Ratch Energy during its first […] Read more
Germany’s Renewable Energy Capacity Increased By 12% YoY Updated On Tue, Jan 9th, 2024 by Saurenergy The Bundesnetzagentur, a German energy regulatory office in its preliminary figures on growth in renewable capacity in 2023, found an increase in Renewable Energy (RE) installed capacity by 17 gigawatts (GW). This represents a year-on-year (YoY) increase of 12%. The increase is mainly accounted for by solar and wind. According to this data shared by Bundesnetzagentur […] Read more
Green Energy, EVs To Drive India’s GDP Growth, Estimates EY Report Updated On Tue, Jan 9th, 2024 by Saurenergy Ernest and Young (EY), in its latest report, said that the green energy industries and electric vehicles could prove to be triggering factors, driving India’s total GDP growth by 2047-48. The report states that this can also pave the way for India’s transition to a developed economy with a rise in the per capita income. The […] Read more
€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
To Boost Renewables, Resilient Energy Systems, US Commits $70mn Updated On Mon, Jan 8th, 2024 by Saurenergy The United States (US) Department of Energy (DOE) announced up to $70 million of funding to support research into technologies designed to increase resilience in energy delivery infrastructure. The move is likely to boost the renewables into the system and boost the capabilities of the grid infrastructure in the country. The funding would support from […] Read more
UP Set To Emerge As The Solar Energy Hub Of India: UPNEDA Updated On Wed, Jan 3rd, 2024 by Saurenergy With close to 125 projects at an estimated outlay of Rs 1 lakh crore in the pipeline in the field of clean energy, Uttar Pradesh is well in line to meet 40 percent of the state’s energy requirement through solar and alternate sources. Of these, four large solar projects worth Rs 35,000 crore will be […] Read more
EIB Backing of €400 million For Green Renewable Energy Developer Updated On Wed, Jan 3rd, 2024 by Saurenergy Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […] Read more
