DWO, EWP Partner To Develop 4GW Offshore Wind In South Korea Updated On Fri, Jul 1st, 2022 by Saurenergy In a key development, Deep Wind Offshore (DWO) has partnered with East West Power (EWP) for the development of offshore wind projects in South Korea. DWO is an offshore project developer based out of Norway and East West Power is a state owned South Korean energy company. Both DWO and EWP will construct four floating […] Read more
Biocon, Hindalco Declare Investments In Renewable Energy Updated On Thu, Jun 30th, 2022 by Saurenergy The investments in the renewable energy sector by the corporate sector continue to pick up pace on the back of lower energy costs from renewables and ESG led actions. Biocon – a biotechnology major – has announced that it has acquired 26 per cent stake in AMPYR Renewable Energy Resources Eleven Private Ltd for Rs […] Read more
World Bank Provides $165 M To Support RE In India’s Residential Sector Updated On Thu, Jun 30th, 2022 by Saurenergy The World Bank Board of Executive Directors on June 28 approved of $165 million in additional financing to support India’s residential sector in adoption of rooftop solar systems and make solar energy more affordable, according to a press release issued by the World Bank. These solar photovoltaic (PV) installations will provide clean, renewable energy, and […] Read more
Electrical Component Engineer – System Studies Updated On Wed, Jun 29th, 2022 by Saurenergy The System Studies and Network Solutions role is undertaking following actions for the support of ACS-COE, Grid Solutions, Focus on Engineering, and give technical support on demand of ITO of OTR. The actions are consisting on: On-going projects: Undertake the Network analysis actions by use of simulation software in the domain of Power System Analysis […] Read more
Rajasthan High Court Dismisses Petition Against Land Allotment For 450 MW Project Updated On Mon, Jun 27th, 2022 by Saurenergy The Rajasthan high court in a recent judgement has dismissed a petition that sought to challenge land allotment by the Government over a solar project. The PIL threatened grave environmental issues if solar projects were to be commissioned in Western Rajasthan. In a landmark judgement, the Justice not only dismissed the petition but also penalised […] Read more
IRENA And OPEC Fund Join Hands to Unlock Investment For Clean Energy Transition Updated On Fri, Jun 24th, 2022 by Saurenergy The International Renewable Energy Agency (IRENA) and the OPEC Fund for International Development (OPEC Fund) have joined hands for the clean energy transition. The mission is to enable access to sustainable finance in emerging and developing economies. A Memorandum of Understanding signed on June 21 in Vienna by IRENA’s Director-General Francesco La Camera and the […] Read more
Global Investment On Energy To Increase By 8% In 2022: IEA Updated On Fri, Jun 24th, 2022 by Saurenergy The world may increase its spending by 8% in 2022 to the tune of about USD 2.4 trillion on clean energy transition, a new report published by the International Energy Agency has claimed. The IEA’s World Energy Investment 2022 report further revealed that the maximum energy investment was on renewables and grids. Not evenly spread, […] Read more
India Needs $223 Billion To Meet 500 GW RE Target By 2030 Updated On Thu, Jun 23rd, 2022 by Saurenergy As per the findings revealed in a new report by BloombergNEF (BNEF) in a seminar in New Delhi on June 22, India will need $223 billion of investment to meet the target of wind and solar capacity installations up to 500GW by 2030. A Look At The Numbers In a telling trend, the country has […] Read more
Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
