TotalEnergies to Acquire Commercial & Industrial Solar Business of SunPower Updated On Fri, Feb 11th, 2022 by Saurenergy TotalEnergies has announced that the company has signed a contract with SunPower Corp.’s to purchase latter’s Commercial & Industrial Solutions (CIS) business for $250 million. The amount includes $60 million of earn-out. TotalEnergies is the majority shareholder of SunPower, a leading solar technology and energy services provider. Both the companies have approved the acquisition following a thorough process involving […] Read more
Australian Renewables Spree Meets Farmers’ Resistance Updated On Thu, Feb 10th, 2022 by Saurenergy Australian farmers are battling the ongoing renewable power expansion projects of the country as they say that the projects are ill-conceived and could upend their livelihood and also the ecology. The cultivators in the key farm states like Victoria and New South Wales are wary about the factors of production – linked to their farms […] Read more
Tata Power Net Profit Swells by 71% Signifying Comprehensive Growth Updated On Thu, Feb 10th, 2022 by Saurenergy The third quarter results of Tata Power in the current financial year is out and the company has posted a staggering 71% rise in the consolidated profits against the corresponding period of the previous fiscal. The renewable portfolio in terms of profit after tax (PAT) grew by 107% – all credit to their solar expansion. […] Read more
Brookfield Renewable Buys Urban Grid, Triples US Pipeline to 31GW Updated On Wed, Feb 9th, 2022 by Saurenergy Bermuda-headquartered Brookfield Renewable, which owns and operates renewable power assets, has acquired clean power developer Urban Grid and its pipeline of projects comprising approximately 13 GW of utility-scale solar and 7 GW of energy storage capacity for $650 million. The addition of Urban Grid’s projects approximately triples Brookfield Renewable’s U.S. development pipeline to approximately 31 […] Read more
UK Grants 1st Reactive Power Contract to Offshore Wind Farm Updated On Wed, Feb 9th, 2022 by Saurenergy The National Grid ESO of the United Kingdom (UK) has awarded a contract to an offshore wind farm to help keep voltage levels in the national power network stable. As per the National Grid ESO, the contract is the first of its kind in the UK. The contract is for a ten-year period which will […] Read more
ReNew Power Commissions Gujarat’s 1st Wind-Solar Hybrid Plant Updated On Wed, Feb 9th, 2022 by Saurenergy Indian green firm ReNew Power has commissioned Gujarat’s first wind-solar hybrid project. The plant is set up at the Chlor-Alkali unit of Grasim Industries Ltd., Vilayat district, Bharuch, Gujarat. The official statement of the company says that the first phase of the hybrid project, with 17.6 MW commercial-scale wind-solar, commenced operations last week and is […] Read more
Croatia to Launch Renewable Auctions by Q3 2022 Updated On Tue, Feb 8th, 2022 by Saurenergy Croatia’s Ministry of Economy and Sustainable Development is considering announcing auctions for large wind farms and solar power plants by the third quarter of 2022. About a year back, the Ministry had announced preparations for auctions for premiums for large power plants using renewable energy sources, which were then postponed to the autumn season. According […] Read more
GE Renewable Opens New Renewable Hybrids Factory in Tamil Nadu Updated On Tue, Feb 8th, 2022 by Saurenergy GE Renewable Energy has announced the opening of a new renewable hybrids factory in Vallam, near Chennai, Tamil Nadu. The site employs 250 employees, including 20 women. “As the industry and customers’ demand dispatchable renewable energy to navigate the energy transition, the need for hybrid systems is increasing exponentially. This facility that has been set […] Read more
CEC Unveils Roadmap for 100% Renewable Grid by 2030 in Australia Updated On Tue, Feb 8th, 2022 by Saurenergy As the citizens of Australia turn their attention towards the upcoming Federal Election, the Clean Energy Council (CEC) has launched its Roadmap for a Renewable Energy Future: Federal Election Policy Recommendations, which urges Australia’s political leaders to commit to meeting the country’s domestic electricity demand with clean energy by 2030. “Now is the time to […] Read more
