IFC Partners With ACWA Power to Support Uzbekistan’s Energy Transition Updated On Wed, Oct 30th, 2024 by Saurenergy IFC announced today a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector on the sidelines of the 8th Future Investment Institute conference at Riyadh in Saudi Arabia. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of […] Read more
Ramakrishna Forgings Invests Rs.12.90 Cr In Green Energy Deal With AMP Energy Updated On Mon, Oct 28th, 2024 by Saurenergy Ramakrishna Forgings, a metal forming company, recently made an investment of Rs. 12.90 crore in the form of equity and debentures in AMP Energy C&I Fifteen. The Kolkata-based company entered into Share Subscription and Shareholders Agreements, along with other relevant agreements, with the AMP Energy subsidiary for the procurement of solar power under a captive […] Read more
Rajasthan’s New ‘RIPS’ Scheme Aims To Expedite RE Investments Updated On Wed, Oct 23rd, 2024 by Saurenergy In a pursuit to expand its renewable energy capacity, the Rajasthan government, released its Rajasthan Investment Promotion Scheme (RIPS). It intends to capitalize on an average of 300 to 325 sunny days each year with 24.22 GW solar energy and 5.19 GW wind energy. This scheme envisions to build on the state’s strengths in renewable […] Read more
MRF Set To Make Rs. 7.26 Crore Investment In Clean Max Omni Updated On Wed, Oct 23rd, 2024 by Saurenergy Chennai-based Tyre manufacturer MRF Limited recently announced its plans to acquire a 26 per cent stake in Clean Max Omni Private Limited for Rs. 7.26 crores, pivoting into renewable energy space. The tyre manufacturers entered into a captive power purchase agreement with Clean Max Omni for a hybrid power supply under the government’s captive power policy. In […] Read more
Energy Vault and Enervest Partner for 1 GWh Battery Energy Storage Project in Australia Updated On Tue, Oct 22nd, 2024 by Saurenergy Energy Vault Holdings Inc., a provider of sustainable grid-scale energy storage solutions, has announced a strategic agreement with Enervest Group for the development of a 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. The companies are in the final stages of development and grid application approvals […] Read more
IEA Flags Supply Side Risks For Global Energy Security Updated On Tue, Oct 22nd, 2024 by Saurenergy The global energy landscape, as detailed in the World Energy Outlook 2024, highlights the challenges and opportunities of transitioning to a clean energy future amidst growing geopolitical risks and economic uncertainties. With events like the conflicts in the Middle East and Russia’s war in Ukraine, the global energy market’s fragility is apparent, influencing both traditional […] Read more
Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie Updated On Tue, Oct 22nd, 2024 by Saurenergy Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. […] Read more
Achieving Universal Energy Access by 2030: Can It Be Done? Updated On Mon, Oct 21st, 2024 by Saurenergy Universal energy access is not just a development goal. It’s a fundamental requirement for socio-economic growth and improved quality of life. Despite global efforts, millions of people, particularly in sub-Saharan Africa and South Asia, still lack access to electricity and clean cooking solutions. The World Energy Outlook 2024 examines these challenges and explores pathways to […] Read more
SolaX Power Announces 149.8mn USD Investment On Energy Storage Updated On Mon, Oct 21st, 2024 by Saurenergy Global energy solutions company SolaX Power has now unveiled a 149.8 million USD investment to establish research and manufacturing facility in the Zhejiang Province of China. This project will focus on utility-scale energy storage and integrated smart energy systems. The company said that the move is likely to aid in the global energy transition towards clean […] Read more
