OCI Solar Power Sells 110 MW Texas Solar Project to Mitsui Updated On Tue, Apr 25th, 2023 by Saurenergy Just as Joe Biden administration is pushing up the renewables in the USA through legislative and administrative exercise, Texas based utility-scale developer OCI Solar Power has announced that it has sold a 110 MW construction-ready, solar photovoltaic project to Mitsui & Co., Ltd. The solar power project is located in Hill County, Texas named ‘Three […] Read more
Google, EDPR Partner on 500 MW Distributed Solar Development in USA Updated On Tue, Apr 25th, 2023 by Saurenergy Global IT conglomerate Google and EDPR North America Distributed Generation LLC have collaborated to support more than 80 distributed solar PV projects totalling 500 MW in the USA. The deal aligns with an environmental justice program benefiting over 25,000 families in low-to-moderate income communities from New Jersey to Ohio. EDPR said that the initial projects […] Read more
Macquarie Asset Management To Sell Stakes In 8 UK Wind Farms Updated On Tue, Apr 25th, 2023 by Saurenergy Australia’s Macquarie Asset Management has agreed to sell stakes in eight offshore wind farms around the United Kingdom to infrastructure manager and investor, Equitix. According to the agreement, Macquarie European Infrastructure Fund 5’s 50 per cent stake in Offshore Wind Company sold to funds managed by the UK-headquartered investment manager. Offshore Wind Company holds various […] Read more
SECI Records 59% Rise in RE Power Trading, Revenue Crosses Rs 10,000 Cr For The First Time Updated On Mon, Apr 24th, 2023 by Saurenergy The Solar Energy Corporation of India (SECI) Monday said it recorded a 59 percent jump in the renewable energy power trading volume in Financial Year 2022-23. The arm of the Ministry of New and Renewable Energy (MNRE), in a media release, said that it traded over 35 Billion Units (BU) during the period. It also reported […] Read more
Ocean Winds Secures £2 Billion Finance For Moray West Wind Farm Updated On Sun, Apr 23rd, 2023 by Saurenergy Ocean Winds has announced that its Moray West Offshore Wind Farm that is part of its portfolio of UK, has secured £2 billion of non-recourse project finance and reached financial close. The key sponsorship has come from Ocean Winds and Ignitis Group, as minority shareholder. The company is a joint venture between EDP Renewables and […] Read more
Govt Orders Implementing Scheme On Pooled Tariff Of Older Power Plants From July 1 Updated On Fri, Apr 21st, 2023 by Saurenergy The Ministry of Power, in its latest notification, has asked all states and other concerned institutions to take necessary actions to implement the proposed scheme of pooling tariffs of older thermal power plants whose Power Purchase Agreements (PPAs) have expired. The scheme aims to use the power generation capacity of thermal power plants older than 25 […] Read more
Siemens Gamesa To Supply Turbines For 1.5 GW Baltic 2 Sea Project Updated On Fri, Apr 21st, 2023 by Saurenergy Global renewable energy conglomerates Ørsted and PGE Baltica have selected wind turbine major Siemens Gamesa for turbine supply for the Baltica 2 offshore wind project in the Baltic Sea. It will be supplying for one of the two stages of the wind energy project that will help Poland’s offshore wind industry to make giant leaps […] Read more
Waiting To Take Off-The PM-KUSUM Story Updated On Thu, Apr 20th, 2023 by Saurenergy Satveer Singh is a 51-year-old wheat farmer based at Mohanpura village in the Sri Ganganagar district of Rajasthan. Around a year ago, he enrolled online with the state government under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) scheme. As a result, the solar developers installed a seven-Horse Power (HP) solar irrigation pump […] Read more
ArcelorMittal Form JV In Brazil To Develop 554 MW Wind Power Project Updated On Wed, Apr 19th, 2023 by Saurenergy Global steel conglomerate ArcelorMittal has announced that its Brazilian entity, ArcelorMittal Brazil, is forming a joint venture partnership with Brazilian renewable major Casa dos Ventos to develop a 554 MW wind power project. ArcelorMittal Brazil will hold a 55 per cent stake in the JV, with Casa dos Ventos holding the remaining 45 per cent. […] Read more
