ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
496 MW Wind Project in France Reaches FID and Construction State: Ocean Winds Updated On Mon, Apr 10th, 2023 by Saurenergy Renewable energy developer Ocean Winds has announced that a $2.5 billion final investment decision (FID) has been taken regarding an offshore wind energy project in France. Ocean Winds, Sumitomo Corporation, Banque des Territoires and Vendée Energie who form ‘Eoliennes en Mer des îles d’Yeu et de Noirmoutier’ (EMYN) have made the announcement about the Îles […] Read more
Europe Slips Up, Again, On Meeting Climate Goals Updated On Thu, Apr 6th, 2023 by Saurenergy Two contrasting reports have dominated the renewable energy landscape of Europe this week: One, the European Union policymakers have agreed to double the renewable use by 2030 through massive RE installations. Two, a WindEurope report finds that Europe has invested lowest in offshore wind since 2009 in 2022, a mere EUR 17 billion in new […] Read more
EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa Updated On Thu, Apr 6th, 2023 by Saurenergy The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up […] Read more
Solar EPC Prozeal Infra Pockets $4 Million Series A Funding Updated On Tue, Apr 4th, 2023 by Saurenergy Ahmedabad-based Solar EPC firm Prozeal Infra Engineering Private Limited has announced their first round of funding led by Chandrakant Gogri’s family office arm – Alchemie Ventures. The $4 Million (approx. INR 32.5 Crore) investment is for a minority stake at an undisclosed valuation. The funds will be used to scale operations and execute developer-model projects […] Read more
Gazelle, WAM Join Hands for Offshore Floating Project in Portugal Updated On Tue, Apr 4th, 2023 by Saurenergy Ireland’s firm Gazelle Wind Power has joined hands with developer of renewable energy WAM Horizon. The partnership between the two firms will give an impetus to the establishment of a floating wind pilot, off Portugal. Portugal-based WAM Horizon specialises in offshore wind. A holding firm for WAM Investments, which delves into the development of renewable […] Read more
Will Europe’s Mega Solar Manufacturing Plans Deliver On Promise? Updated On Tue, Apr 4th, 2023 by Saurenergy In a recent move that is helping Europe’s solar manufacturing industry gather momentum in an unprecedented way, the European Commission has announced state finance for clean tech manufacturing. This is to be achieved by way of the Green Deal Industrial Plan (GDIP) for European Union. The GDIP will speed up projects by easing up the […] Read more
South Pole And Oorja To Use New D-RECs For India’s Diesel Problem Updated On Mon, Apr 3rd, 2023 by Saurenergy The D-REC Initiative, a new not-for-profit platform to deliver internationally recognised guarantees of origin from distributed renewable energy, has announced that its new market mechanism and technology has been adopted by farming-as-a-service company, Oorja Development Solutions, and climate advisory and finance business, South Pole, to support last-mile communities in India transition to renewable energy. Approximately […] Read more
Transmission Gets Stronger Push with Approval of Green Power Transmission Line in Bundelkhand Updated On Thu, Mar 30th, 2023 by Saurenergy Towards the establishment of a Green Energy Corridor in Bundelkhand, the Cabinet has given its nod to a project on the laying of power transmission lines. These will be more than 2,000 km. The clearance has also been issued for close to 20 substations towards solar power evacuation from power plants under development in various […] Read more
