CERC Overrides SECI To Allow Wind Developer Extra 5% Capacity Addition Updated On Mon, Mar 13th, 2023 by Saurenergy The CERC has given a nod to Green Infra Renewable Energy Limited (GIREL), which was looking to install an additional 5% capacity for its 249.90 MW wind power project located in Tuticorin District, Tamil Nadu and Kutch in Gujarat. Green Infra Wind Energy Ltd (GIWEL) is the parent company of GIREL and had won the […] Read more
Renewable Energy M&A Deals at $30.7bn in Q3 2022; India Leads with 72% Onshore Wind Deals Updated On Mon, Feb 13th, 2023 by Saurenergy Renewable energy-related mergers and acquisition (M&A) deal value in Asia Pacific saw an increase by 11% year-on-year in 2022, thereby rising to $19 billion. Increase in onshore wind is a major contributor to this factor. As per Enerdatics, a research company, India and Australia were at the forefront of the M&A activity. This is primarily […] Read more
Glass Maker Saint Gobain Strikes RE Deal For Operations in Spain Updated On Tue, Nov 29th, 2022 by Saurenergy Worldwide light and sustainable construction giant Saint-Gobain has announced that the company has signed a Power Purchase Agreement (PPA) with Endesa in Spain for the supply of clean energy. Endesa is the top energy supplier in Spain. The official statement of Saint-Gobain held that the 11-year agreement will start in 2024 and will cover around […] Read more
Actis’ BluPine Energy Buys 404 MW of Solar Power Assets from Atha Updated On Fri, Nov 25th, 2022 by Saurenergy Delhi-based renewable energy and storage solution provider company, that is 100% backed by global investment firm Actis Llp, BluPine Energy has purchased 404 MW of solar power assets from Atha Group, a private equity corporation headquartered in London. The enterprise value of the solar assets owned by Atha in this transaction is close to Rs. […] Read more
Shapoorji Pallonji’s FPSO Armada Sterling-V Achieves Sail-Away Readiness Updated On Thu, Nov 3rd, 2022 by Saurenergy India’s sole specialist in Floating Production Storage and Offloading Units (FPSOs), Shapoorji Pallonji Oil & Gas Pvt Ltd (SP O&G) has achieved a significant milestone of sail-away readiness for its FPSO Armada Sterling V at Sembcorp Shipyard in Singapore. The FPSO is owned by a 70:30 joint partnership between SP O&G and the Malaysian Bumi […] Read more
World Energy Council Elects New Chairperson, Other Officers Updated On Fri, Oct 14th, 2022 by Saurenergy The World Energy Council has announced that the body has elected Dr. Michael Howard as the new Chair of its Officers’ Council (Board of Directors) and the new Chairperson is succeeding Jean-Marie Dauger whose term concluded after serving in the role since September 2019. The World Energy Council as a global forum actively contributes the […] Read more
Suzlon Gets 145 MW Wind Turbine Order from Aditya Birla Group Updated On Wed, Oct 12th, 2022 by Saurenergy India’s wind energy giant Suzlon Group has announced through a regulatory filing that the company has secured a fresh order from the Aditya Birla Group for the development of a 144.9 Megawatt (MW) wind energy project. Suzlon has not declared the value of the new deal in the filing. Suzlon, a renewable energy solution provider, held that the […] Read more
Saint-Gobain, Cleantech Solar Collaborate for 18.7 MW Solar Power System in Tamil Nadu Updated On Fri, Aug 19th, 2022 by Saurenergy Sustainable construction player Saint-Gobain India has announced that it has partnered with Cleantech Solar to commission an 18.7 MW solar PV system at Cleantech’s solar park in Tamil Nadu. This is to support Saint-Gobain Group’s commitment to achieve carbon neutrality by 2050. Saint-Gobain has said that this solar PV system is expected to generate approximately […] Read more
Actis Buys 400MW Solar Assets Of Kolkata-Based Atha Group Updated On Wed, Aug 10th, 2022 by Saurenergy In a key development, Actis LLP has emerged successful in the bid to obtain solar power based assets of 400 MW from Kolkata-based Atha Group. The equity value had been pegged at $100 million. As per reports, sale purchase agreement is already inked between the two companies. The deal of the solar power assets is […] Read more
