Canada’s e-Zinc raises $25 M to advance long-duration energy storage Updated On Tue, Apr 12th, 2022 by Saurenergy Canadian energy storage solutions provider e-Zinc has raised USD $25 million in Series A financing led by Anzu Partners, with additional funding from BDC Capital, Toyota Ventures, and Eni Next. Existing investors, including Seed Round lead investor Energy Foundry, also participated. e-Zinc will use this funding to commence the pilot production of its first commercial […] Read more
SJVN, BHEL, REMC sign MoU to Develop Renewable Energy for the Railways Updated On Tue, Apr 12th, 2022 by Saurenergy Satluj Jal Vidyut Nigam (SJVN) has announced that it has signed a Memorandum of Understanding with other two state owned companies – engineering firm Bharat Heavy Electricals Limited (BHEL) and Railway Energy Management Company (REMC) Limited for the development of renewable energy projects. In an official statement SJVN Chairman and Managing Director (CMD), Nand Lal Sharma […] Read more
O2 Power, US-based Powin form JV for energy storage solutions in India Updated On Mon, Apr 11th, 2022 by Saurenergy O2 Power, a Gurugram-based renewable energy producer, and Powin, a US-based battery energy storage firm, on Friday said they have signed a memorandum of understanding to provide battery storage solutions for the Indian renewable energy market. According to the official press release, Powin will be responsible for the delivery and commissioning of the battery energy […] Read more
Greenko raises $750 M from bond sale to create energy storage facility Updated On Fri, Apr 1st, 2022 by Saurenergy Greenko Wind has raised USD 750 million from a global bond issue for creating an energy storage facility in Andhra Pradesh, company officials said on Thursday. The company secured pricing of 5.50 per cent for its USD 750 million green bond issuance after starting the roadshows on Wednesday, bankers said. The bonds, raised by Greenko […] Read more
NTPC generated record 360 BU of energy during FY21-22 Updated On Fri, Apr 1st, 2022 by Saurenergy NTPC, India’s largest integrated power generating company, has reported the highest-ever annual group generation of 360 BU (billion units) during FY2021-22, a growth of 14.6% compared to the previous year. During this period, NTPC states, the company also recorded the highest-ever single day generation of 1215.68 MU (Group) & 1013.45 MU (NTPC). The coal-based plants […] Read more
Sungrow Signs 500 MWac Contract For PV Inverter Solutions in Brazil Updated On Fri, Apr 1st, 2022 by Saurenergy Sungrow continues to build on its leadership in the Brazilian market. In a year marred by the impact of Covid the Free Energy Market (PL 1917/15) that is in final approval stage has ensured a positive outlook for solar power in Brazil. Sungrow recently closed a 500 MWac PV inverter solution supply contract with Mercury […] Read more
Renewables Face An Oil Slick Updated On Mon, Mar 28th, 2022 by Saurenergy A month after the Russian invasion of Ukraine, the geo-political crisis has taken a heavy toll on human life, Ukrainian cities and infrastructure, and of course the Russian economy. If anything, the cost of the crisis for both the countries in the weeks succeeding February 24 — the day Russia first sent its forces into […] Read more
LG Energy Solution to set up EV battery JV with Stellantis in Canada Updated On Thu, Mar 24th, 2022 by Saurenergy South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest 1.8 trillion won ($1.48 billion) to set up a joint venture with Stellantis NV in Windsor, Canada. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first […] Read more
The Top 5: India’s Listed Renewable Energy Firms Enjoy A Fine Run At Bourses Updated On Wed, Mar 23rd, 2022 by Saurenergy As India girds up for one of the biggest renewable energy transitions in the world, private sector participation as been a critical pillar of this transition. With ever widening scope and ambitious targets, led and announced by Prime Minister Modi himself, no one has any doubts on the potential growth and future of the renewable […] Read more
