Shell & CoensHexicon to Build 1.4 GW Floating Wind Farm in South Korea Updated On Thu, Sep 2nd, 2021 by Saurenergy Shell Overseas Investment BV, a unit of Dutch oil and gas major Royal Dutch Shell, and CoensHexicon have established a joint venture to fund, develop, and operate MunmuBaram, a 1.4 GW floating offshore wind farm for South Korea. MunmuBaram is expected to power over 1 million homes once it begins operating. The two companies announced their […] Read more
Adani Green Raises $750 M for Projects in Pipeline Updated On Thu, Sep 2nd, 2021 by Saurenergy Adani Green Energy Ltd (AGEL) has priced its maiden ListCo senior issuance of $750 million through a 3-year issuance under the 144A / Reg S format, at a fixed coupon of 4.375%. The issuance was oversubscribed by 4.7 times. This issuance establishes AGEL as India’s leading credit in the renewable sector with a robust and […] Read more
Cheaper Land On Agenda For US Admin For Solar and Wind Projects Updated On Thu, Sep 2nd, 2021 by Saurenergy Cheaper access to land for solar and wind projects has become a key tool for the US administration of President Joe Biden to drive growth in solar and wind capacity. With renewable energy a key pillar of the ‘green new deal’ to reduce emissions and decarbonise the US economy, the issues assumes significance at a […] Read more
US Firm Kevala Raises $21 M in Series A Funding Round Updated On Wed, Sep 1st, 2021 by Saurenergy US energy data provider Kevala Inc. has raised $21 million in Series A funding round led by C5 Impact Partners LP (C5 Capital’s fund focused on data-driven technologies transforming critical infrastructure) and Thin Line Capital. Additional investors in the Series A round include senior energy sector executives Tom Werner, current Chairman and former CEO of […] Read more
Australia, Where Rooftop Solar Could Meet 77% Of Power Demand By 2026 Updated On Wed, Sep 1st, 2021 by Saurenergy In recent time, Australia — one of the sunniest places on the planet — has emerged as a world leader in the rooftop solar market. As of now, households have installed 14 GW of solar panels. By 2025, this figure is set to increase by 8.9 GW. The reasons for this expansion include the subsidies offered, […] Read more
ONGC to Expand RE Portfolio Through Offshore Wind Updated On Tue, Aug 31st, 2021 by Saurenergy Oil and Natural Gas Corporation (ONGC) is planning to generate electricity from wind at its vast offshore acreage in order to expand its renewable energy portfolio. Owned by the Ministry of Petroleum and Natural Gas, Government of India, ONGC has oil and gas fields both in the Arabian Sea and Bay of Bengal. That experience […] Read more
MNRE Notification Extends Deadline for PM KUSUM Component A Completion Updated On Tue, Aug 31st, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has published a notification extending the deadline for projects allotted under Component A of PM KUSUM scheme to March 31, 2022. Component A refers to ground mounted projects on barren/waste land owned by farmers or in rural areas, with an overall target of 10,000 MW of such […] Read more
Medical Professionals Updated On Tue, Aug 31st, 2021 by Saurenergy Bharat Heavy Electricals Limited (BHEL), India’s premier engineering and manufacturing enterprise provides World class products and services and caters to core sectors of the Indian economy viz., Power Generation and Transmission, Renewable Energy, Defence, Aerospace, Oil & Gas with over 180 product offerings to meet the needs of these sectors. With a widespread network of […] Read more
New Green Standards Proposed for Power Gen Companies in Singapore Updated On Tue, Aug 31st, 2021 by Saurenergy In order to reduce its carbon footprint, Singapore has proposed new green standards for power generation companies operating in the country. The country currently relies on natural gas — a fossil fuel — to fulfil over 95% of its energy needs. However, in April this year, the island nation achieved its target for the year […] Read more
