UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual also aims at supporting Low Carbon’s ambition to raise third-party investment funds with the goal of directing capital into […] Read more
UK Climate Investments, Norfund Invest in South African Wind Portfolio Updated On Tue, Nov 16th, 2021 by Saurenergy Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around […] Read more
Total Eren Enters Cambodia with 74 MWp Solar Project Updated On Fri, Nov 5th, 2021 by Saurenergy Total Eren, a renewable independent power producer based in Paris, has taken its first steps in the renewable energy market of Cambodia through the acquisition of a 73.9 MWp photovoltaic project named “Battambang” from Risen Energy, a Chinese developer active in R&D and PV panels manufacturing. The PV farm is currently in operation in the Battambang Province, […] Read more
JCB, Iron Ore Major In Major Green Hydrogen Deal for the UK Market Updated On Mon, Nov 1st, 2021 by Saurenergy A day ahead of the COP26 summit starting in Glasgow, Scotland, two billionaires who made their money in the old economy of iron ore mining and construction equipment have joined to announce a massive green hydrogen initiative in the UK. Involving Andrew Forrest of Fortescue Future Industries (FFI) which is a major Iron Ore exporter […] Read more
Tata Pwr, Tata Steel to Set Up 41MW Solar Plants in Jharkhand & Odisha Updated On Fri, Oct 29th, 2021 by Saurenergy Tata Power and Tata Steel, the two flagship companies of the Tata Group, have come together to develop grid-connected solar plants in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41MW solar project, which will be a combination of rooftop, floating […] Read more
Power Minister R.K. Singh Kicks Off GDAM Market In India Updated On Tue, Oct 26th, 2021 by Saurenergy R K Singh, Union Minister of Power & New and Renewable Energy, launched the new market segment, Green Day Ahead Market (GDAM) on October 25. The start of this market, combined with free ISTS for renewable energy projects and Open access permissions within 15 days should be a paradigm shift for the market, according to […] Read more
REC Raises 5 Year Loan Of $75 million From SMBC Updated On Thu, Oct 21st, 2021 by Saurenergy In a first for any NBFC in India, REC Limited has successfully raised a USD 75 million, 5-year Secured Overnight Financing Rate (“SOFR”) linked Syndicated Term Loan on October 7, 2021, with Sumitomo Mitsui Banking Corporation (SMBC), Singapore Branch appointed as the sole Mandated Lead Arranger and Bookrunner. Along with the loan, REC has also […] Read more
Fotowatio Sells 49% In Australia Arm To OMERS Infrastructure Updated On Mon, Oct 18th, 2021 by Saurenergy Fotowatio Renewable Ventures (FRV), a leading Spanish developer of utility-scale renewable energy projects and part of Abdul Latif Jameel Energy, have today announced the sale of a 49% interest in FRV Australia Group to OMERS Infrastructure (the “Transaction”). Under the terms of the Transaction, OMERS Infrastructure will acquire a 49% interest in FRV’s Australian renewable energy platform, […] Read more
ACWA Power to Go Public, Expected to Drive RE Boom in Saudi Arabia Updated On Fri, Oct 8th, 2021 by Saurenergy Saudi Arabia’s ACWA Power shares will debut on the main market of the Saudi Stock Exchange on Monday, October 11, according to a bourse filing, which is expected to translate into a larger push for renewables in the Kingdom. The utility developer announced an international initial public offering (IPO) plan in September, aiming to raise USD […] Read more
