Apple led Consortium to Purchase Wind Energy in Texas Updated On Wed, Nov 6th, 2019 by Saurenergy Apple, eBay, Samsung, and Sprint have announced a joint agreement to purchase power from a new wind farm developed by Apex Clean Energy in Texas Apple, eBay, Samsung, and Sprint have announced a joint agreement to purchase power from a new wind farm owned and developed by Apex Clean Energy in Texas. The transaction—spearheaded by […] Read more
Gujarat Sets Target for 30 GW Renewable Energy Generation by 2022 Updated On Wed, Nov 6th, 2019 by Saurenergy The state government of Gujarat has set a target of achieving 30 GW of renewable energy generation by 2022 from the current generational capacity of 9670 MW The state government of Gujarat has set a target of achieving 30 GW (30,000 MW) of renewable energy generation by 2022 from the current generational capacity of 9670 […] Read more
KSEB to Modify PSA for 200 MW Wind Power Signed with SECI Updated On Wed, Nov 6th, 2019 by Saurenergy KSERC has asked state Discom KSEB to modify its PSA that it had signed with the SECI for procuring 200 MW wind energy. The Kerala State Electricity Regulatory Commission (KSERC) has in its latest order, asked state Discom Kerala State Electricity Board (KSEB) to modify its Power Sale Agreement (PSA) that it had signed with […] Read more
French Energy Major EDF Bets on Storage With Pivot Power Buy Updated On Tue, Nov 5th, 2019 by Saurenergy French utility EDF continues to invest in a future where it expects storage to play a critical role, by acquiring UK battery storage firm Pivot Power. For EDF, the acquisition is another step in its effort to become a large scale storage firm. The takeover of Pivot Power also follows EDF’s acquisition in September 2018 […] Read more
Genie Energy Solar Arm Bags Module Supply Order from JPMorgan Chase Updated On Tue, Nov 5th, 2019 by Saurenergy Prism Solar Technologies (Prism Solar), a solar manufacturing arm of Genie Energy, has secured an order from JPMorgan Chase to supply solar modules for the installation at its facilities. The company said in a statement that, “Genie Energy Ltd announced that its solar manufacturing subsidiary, Prism Solar Technologies, has received additional purchase orders from JPMorgan […] Read more
CPPIB to Acquire Pattern Energy in All-Cash Deal Updated On Tue, Nov 5th, 2019 by Saurenergy Moreover, the Pattern Energy stake transaction is expected to be completed by the second quarter of 2020, subject to required regulatory approvals, and other customary closing conditions. Canada Pension Plan Investment Board (CPPIB), a professional investment management organization, has entered into a definitive agreement to buy Pattern Energy in an all-cash transaction for USD 26.75 […] Read more
Tata Power Forms New Arm to Set Up 10,000 Microgrids by 2026 Updated On Mon, Nov 4th, 2019 by Saurenergy However, the newly formed company, TP Renewable Microgrid Ltd, will be operated and managed by the Tata Power itself, while the Rockefeller Foundation will provide technical support to the offshoot for achieving its objective. Utility giant Tata Power on Monday announced the formation of its new arm, TP Renewable Microgrid Ltd, with an aim to […] Read more
Tata Power’s Renewable Arm Gets LoA to Develop 150 MW Solar Project Updated On Sat, Nov 2nd, 2019 by Saurenergy As per the deal, the energy will be supplied to Tata Power – D under a long-term PPA for 25 years from the scheduled commercial operation date. Renewable arm of utility giant Tata Power, Tata Power Renewable Energy Ltd (TPREL) has got a Letter of Award (LoA) from Tata Power – Distribution (Tata Power – […] Read more
Intersect Power Inks Long-term PPA with Direct Energy for 250 MW Solar Project Updated On Fri, Nov 1st, 2019 by Saurenergy Moreover, the Athos I project is likely to kick start construction in June 2020 and Athos II in October 2020. Utility-scale renewable energy developer Intersect Power has signed a long-term power purchase agreement (PPA) with Direct Energy Business for Intersect Power’s 250 MW (MWAC) solar project. Direct Energy Business is a part of Direct Energy, one of North America’s largest […] Read more
