Azelio, CITRUS Ink MoU for Energy Storage Supply to C&I Customers in Mexico, America Updated On Mon, Jun 22nd, 2020 by Saurenergy Swedish company Azelio has entered into a Memorandum of Understanding (MoU) with Mexican, CITRUS JMK S.A DE C.V (CITRUS) to assess energy storage for agricultural, mining, food and beverage, tourism and the oil & gas industry in Mexico, North and Central America. Commenting on the partnership, Jonas Eklind, CEO of Azelio, said that “CITRUS is […] Read more
Renewable Enterprise Software Firm Pexapark Raises €6m Funding Updated On Mon, Jun 22nd, 2020 by Saurenergy Zurich, Switzerland based Pexapark has raised €6m in its second funding round. The firm was started up in 2017 by Michael Waldner, Luca Pedretti and Florian Müller, BayWa r.e. Energy Ventures, Encavis, and RP Global are the investors that have invested to back Pexapark’s software and advisory services that help manage financial risk in the […] Read more
Tata Power Renewable Gets another LoA; to Develop 100 MW Solar Plant in M’rashtra Updated On Fri, Jun 19th, 2020 by Saurenergy Continuing its winning streak, Tata Power Renewable Energy Ltd (TPREL), the renewable arm of utility giant Tata Power, has secured yet another Letter of Award (LoA) within few days for the development of a solar plant. Mumbai-headquartered Tata Power said in a statement on Friday that “it’s wholly-owned subsidiary TPREL has received a Letter of […] Read more
Greenbacker Acquires Energy Storage System Portfolio From Stem Updated On Thu, Jun 18th, 2020 by Saurenergy Greenbacker Renewable Energy has purchased the rights to a 7.9MW /16.5MWh portfolio of 16 operating and to-be-constructed energy storage systems from Stem Greenbacker Renewable Energy Company has announced that on June 9, 2020, through a wholly-owned subsidiary, it purchased the rights to Pacifica Storage LLC, a 7.9MW / 16.5MWh portfolio of sixteen operating and to-be-constructed […] Read more
Xcel Energy Proposes $3 Bn in Energy Investments in Minnesota Updated On Thu, Jun 18th, 2020 by Saurenergy Minneapolis based Utility Xcel Energy has announced its proposal for one of the largest packages of energy investments in Minnesota Xcel Energy, a utility holding company serving more than 3.3 million electric customers, has announced its proposal for the one of the largest packages of energy investments in Minnesota’s history, as part of its response […] Read more
DroneBase Gets $7.5 Mn in Series C Funding to Expand Footprints in Solar, Wind Energy Market Updated On Wed, Jun 17th, 2020 by Saurenergy After analyzing the growth potential in the renewable energy sector, aerial data analytics company DroneBase has secured USD 7.5 million in series C funding in order to expand its footprints into the renewable energy market. The company is planning to do this further with its new platform DroneBase Insights for wind and solar industry. For […] Read more
SC Cancels Green Energy Association Appeal on CERC’s REC Price Revision Updated On Wed, Jun 17th, 2020 by Saurenergy The apex court has dismissed the application of Green Energy Association (GEA) seeking a stay on price revision of REC (Renewable Energy Certificates) by power sector regulator Central Electricity Regulatory Commission (CERC). The Supreme Court (SC) bench headed by Justice Arun Mishra took cognizance of a matter on June 16, 2020, and dismissed the application […] Read more
Australia to add 1.2 GWh of Energy Storage Capacity in 2020: WoodMac Updated On Wed, Jun 17th, 2020 by Saurenergy According to new research, Australia is set to add 1.2 GWh of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. According to new research, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes […] Read more
Clean Energy Investments the Ideal Route for COVID-19 Recovery in APAC: ADB Updated On Wed, Jun 17th, 2020 by Saurenergy More and consistent investments in clean energy infrastructure will contribute to APAC’s recovery from COVID-19 and make economies more resilient More and consistent investments in clean energy infrastructure will contribute to Asia and the Pacific’s (APAC’s) recovery from the coronavirus disease (COVID-19) pandemic and make economies more resilient against similar future shocks, participants at the […] Read more
