Piramal to Co-Sponsor $600 Mn Renewable Investment Trust with Canadian Pension Fund Updated On Tue, May 7th, 2019 by Saurenergy Both PEL and CPPIB will act as Co-Sponsors of the proposed InvIT and hold up to 75% of the units and seek to raise capital from other like-minded investors for the remaining 25%. Piramal Enterprises Limited (“PEL”) today signed a Memorandum of Understanding (MoU) with Canada Pension Plan Investment Board (“CPPIB”), a Canadian pension fund, […] Read more
EVgo To Run the Largest Fast Charging Network in the US on 100% RE Updated On Tue, May 7th, 2019 by Saurenergy EVgo, the largest public electric vehicle (EV) fast-charging network in the U.S, has announced that it has contracted for 100 percent renewable energy to power its customers, becoming the first EV charging network in the United States to do so. EVgo has contracts with its energy suppliers and renewable energy certificate (REC) partners to ensure […] Read more
LONGi 72 Bifacial Half Cell Module Hits Record with 450W Front-Side Power Updated On Tue, May 7th, 2019 by Saurenergy One of the leading solar module manufacturers in the world, LONGi has announced that the front side power of its 72-cell Bifacial half-cut module exceeded 450W, achieving one of the world’s highest power in this module type. This new record was tested and verified by renowned certification agency TÜV-SÜD. This marked another successful feat for […] Read more
Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4 Updated On Fri, May 3rd, 2019 by Saurenergy During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […] Read more
US DOE Selects 4 Projects to Develop Next-Gen Wind Turbines Updated On Fri, May 3rd, 2019 by Saurenergy These projects will develop more efficient, smaller, and lighter-weight generators that will lower costs and make wind power more affordable. The U.S. Department of Energy (DOE) has selected four projects totaling up to $8 million in investment from the department to develop next-generation wind turbine drivetrain technologies that will facilitate the continued growth of wind turbines for […] Read more
Home-Tech Startup Zunroof Secures $1.2 Mn Funding From Godrej Updated On Wed, May 1st, 2019 by Saurenergy Gurgaon-based smart energy solutions provider, ZunRoof has raised a fresh round of pre-Series A funding of $1.2 million from Godrej. The company plans to utilise this round of capital for expansion and further strengthen its product portfolio. According to a statement issued by the company, the funding comes at an integral time for it, as […] Read more
Stable Prices for Lithium Could be Good News for India’s EV dreams Updated On Tue, Apr 30th, 2019 by Saurenergy From predictions of prices that would slow down battery development in 2016, to the reality of an almost 50% price drop in 2018, Lithium has been too volatile for comfort. The good news is, the prized metal, on which many EV plans hinge, might just be settling in for a period of stability. Lithium, ever […] Read more
Denmark Identifies Areas for 12.4 GW of New Offshore Wind Updated On Tue, Apr 30th, 2019 by Saurenergy A study commissioned by the Danish government has identified good locations for 12.4 GW of additional offshore wind capacity, it was announced on last week. According to a statement by Denmark’s Energy, Utilities and Climate Ministry, the designated zones could accommodate between 12 and 15 wind farms, depending on their size. The study has found […] Read more
Duke Energy Shows Cleaner Energy Mix is Affordable in Annual Report Updated On Tue, Apr 30th, 2019 by Saurenergy The company has revealed that it continues to generate cleaner energy at prices below the national average for its 7.7 million residential, commercial and industrial customers. Duke Energy, an electric power holding company based in Charlotte, North Carolina has issued its latest (13th) Annual Sustainability Report – a report card on the company’s progress at […] Read more
