Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Vestas to Shut Down Three Offshore Wind Factories in Europe Updated On Tue, Sep 21st, 2021 by Saurenergy Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […] Read more
MSEDCL, MERC Face Censure From APTEL Over Payment Delays To Wind Developer Updated On Tue, Sep 21st, 2021 by Saurenergy In a highly critical new order, the Appellate Tribunal for Electricity (APTEL) has ruled against the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), quashing its appeal against “interest on interest,” as imposed on it by the Maharashtra Electricity Commission (MERC), which awarded 1.25% penalty interest on 1.25% delayed payment charges interest to Rajalakshmi Minerals, a […] Read more
Tata Power Gets LOI for 250 MW Solar Power From MSEDCL Updated On Mon, Sep 20th, 2021 by Saurenergy TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power, received the ‘Letter of Intent’ (LoI) from Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for setting up of 250 MW Grid-Connected Solar Photovoltaic Power plant in Maharashtra. The project has been awarded to TPSL through Tariff-based competitive bidding followed by e-Reverse auction. The Company […] Read more
NextEnergy’s International Solar Fund to Acquire 42.3MW Polish Portfolio Updated On Fri, Sep 17th, 2021 by Saurenergy NextPower III ESG, the international solar fund of NextEnergy Capital, has agreed to acquire a 42.3MW solar PV project portfolio in Poland, marking NPIII ESG’s first acquisition in the country. Completion is expected to occur in Q4 2021 once all assets are constructed and energised. The solar PV project portfolio has been awarded a Contract for […] Read more
Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Glennmont Unveils IPP to Develop 1GW Solar Power in Southern Europe Updated On Fri, Sep 17th, 2021 by Saurenergy Leading clean energy fund manager Glennmont Partners from Nuveen has launched BNZ, a new independent power producer company (IPP), to develop, build and operate solar photovoltaic (PV) projects in Southern Europe. BNZ plans to reach an installed capacity of 1GW across Italy, Portugal and Spain by 2024, of which an initial 350MW are in advanced […] Read more
“We Are Very Good At Innovating New Kinds Of Products And Technologies”, Akshay Singhal, Log 9 Materials Updated On Fri, Sep 17th, 2021 by Saurenergy Bengaluru-based Log 9 Materials shot into the limelight (again) recently after Amara Raja batteries, a leader in the domestic automotive battery market, invested in the firm. Log 9 Materials is using its core competence in Graphene nanotechnology to develop advanced energy storage technologies from electrode materials, cell to pack level. Their rapid charging battery packs […] Read more
Babcock & Wilcox to Aquire Majority Stake in US Solar Firm Updated On Thu, Sep 16th, 2021 by Saurenergy Babcock & Wilcox Enterprises has signed a definitive agreement to acquire a majority ownership stake in Illinois-based solar energy contractor Fosler Construction Company, aiming to significantly enhance its capabilities in solar energy. The transaction is expected to close at the end of September 2021, subject to customary closing conditions. Fosler Construction will be part of […] Read more
