Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
SECI Projects Account For 18% of India’s Solar Capacity: Govt Updated On Fri, Aug 11th, 2023 by Saurenergy The Ministry of New and Renewable Energy (MNRE) claimed that 18.3 percent of India’s total solar energy capacity was contributed by the Solar Energy Corporation of India (SECI). The information was given by the Union New and Renewable Energy Minister RK Singh in his written reply before the Lok Sabha. The minister said that in […] Read more
North Canada to Welcome its Biggest Solar Plant from Mining Group Rio Tinto Updated On Fri, Aug 11th, 2023 by Saurenergy Spain’s mining group Rio Tinto’s Diavik Diamond Mine is set to establish the largest solar power plant across Canada’s territories. The plant will boast of more than 6,600 solar panels. The project will generate close to 4,200 MWh of carbon-free electricity annually for the mine. Commercial production from the operation is slated for completion in […] Read more
First Solar Continues US Footprint with Announcement of New Factory in Louisiana Updated On Fri, Aug 11th, 2023 by Saurenergy Solar solutions provider First Solar will be setting up is fifth thin-film solar module factory in the Acadiana Regional Airport in Iberia Parish, Louisiana in the USA. The unit will see an investment worth $1.1bn and aid America with capacity expansion for the production of photovoltaic solar modules domestically. The said investment will chalk out […] Read more
Masen Initiates Prequalification Tender for Third Phase of Solar Power Project in Atlas Mountains Updated On Fri, Aug 11th, 2023 by Saurenergy Morocco’s renewable energy agency, Masen, has kickstarted a prequalification tender for the third phase of a solar power venture. The project is situated in the Atlas mountains. Developers are required to submit prequalification documents by October 20th, with the objective of financing, constructing, and operating the 400 megawatt (MW) Noor Midelt III project utilizing photovoltaic […] Read more
Tata Power-DDL Achieves RPO Compliance Third Time in a Row Updated On Thu, Aug 10th, 2023 by Saurenergy Tata Power Delhi Distribution Limited (Tata Power-DDL), a power utility that supplies electricity to a populace of 7 million in North Delhi and Northwest Delhi, has announced that it has fulfilled Renewable Purchase Obligation (RPO) for the third consecutive year. The company sourced 2600 million units of green power in FY 2022-23 from various sources […] Read more
Off-Grid RE Power Electrified 2,762 Indian Villages: Govt Updated On Thu, Aug 10th, 2023 by Saurenergy In its latest statement before the Lok Sabha, the Ministry of New and Renewable Energy (MNRE) said that 2,762 villages in India were electrified with off-grid renewable energy solutions. The announcement comes less than a fortnight after a report in The Washington Post flagged the ‘failure’ of India’s mini-grids or off grid energy set up, […] Read more
Tata Power Reports 29% Growth In PAT In Q1 YoY Updated On Wed, Aug 9th, 2023 by Saurenergy Tata Power today announced its financial results for Q1 of FY24. The Indian power company reported a 29 percent growth in its consolidated Profit After Tax (PAT). Its net profit stood at Rs 884 crore during Q1 of FY 23, which notched up to Rs 1,141 crore during the Q1 of FY24, registering a 29 […] Read more
7 Top Automakers In JV to Accelerate Electric Vehicle Charging in North America Updated On Wed, Aug 9th, 2023 by Saurenergy Seven prominent global automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV – are forming a joint venture (JV) to expedite the shift to electric vehicle in North America, to enhance the convenience, accessibility, and reliability of EV charging. The joint venture will encompass the creation of a new high-powered […] Read more
