Renewable Energy Ambition in NDCs Must Double by 2030: IRENA Updated On Mon, Dec 9th, 2019 by Saurenergy Countries are being urged to raise renewable energy ambition and adopt targets to transform the global energy system in the next round of NDCs Countries are being urged to significantly raise renewable energy ambition and adopt targets to transform the global energy system in the next round of Nationally Determined Contributions (NDCs), according to a […] Read more
SB Energy to Invest $4 Bn in Gujarat on Renewables Updated On Sat, Dec 7th, 2019 by Saurenergy Further, SB Energy will be investing in the solar, wind and other unconventional sources of renewable energy. Japan’s renewable energy firm and a sister concern of SoftBank, SB Energy Corp will be investing USD 4 billion or approx. Rs 30,000 crore in renewable energy in the state of Gujarat, said the state government release. As […] Read more
Iberdrola Secures €690 mn Loan From EIB at COP25 Updated On Sat, Dec 7th, 2019 by Saurenergy At COP25, EIB and Iberdrola have announced agreements worth EUR 690 million to invest in renewable energy projects and electricity distribution networks. At the Climate Change Conference (COP25) being held in Madrid, the European Investment Bank (EIB) and Iberdrola have announced two new agreements to promote climate action by investing in renewable energy projects and […] Read more
BP Increases Stake in Lightsource BP to Form a 50:50 JV Updated On Fri, Dec 6th, 2019 by Saurenergy The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 JV structure The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture (JV) structure. As part of the transaction, BP will purchase newly-issued equity […] Read more
US Storage Industry to Build on Strong Third Quarter: Report Updated On Thu, Dec 5th, 2019 by Saurenergy The US energy storage sector had its strongest third quarter on record and a new analysis by WoodMac predicts a 12x growth in MW-terms between now and 2024. The United States energy storage sector had its strongest third quarter on record this year, deploying 100.7 megawatts (MW) and 264.6 megawatt-hours (MWh) of storage, and a […] Read more
BlackRock Achieves $1 bn Record 1st Close for its Global Renewables Fund Updated On Thu, Dec 5th, 2019 by Saurenergy BlackRock has achieved a USD 1 billion first close for its GRP III renewables fund with commitments from 35 investors in North America, Europe and Asia. BlackRock Real Assets has announced that it has achieved a USD 1 billion first close for its Global Renewables Power III fund (GRP III) with commitments from over 35 […] Read more
Sembcorp to Increase Stake in Sembcorp Energy India Limited to 100% Updated On Thu, Dec 5th, 2019 by Saurenergy Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner to acquire the remaining 5.95% stake in Sembcorp Energy India Ltd Sembcorp Industries has announced that its wholly-owned subsidiary Sembcorp Utilities has entered into a non-binding term sheet with its local Indian partner, Gayatri Energy Ventures, a wholly-owned subsidiary of Gayatri […] Read more
Indian Railways to be Transformed Into ‘Green Railways’ Updated On Wed, Dec 4th, 2019 by Saurenergy With the goal of transforming the Indian Railways into “Green Railways”, complete electrification of the Railway network has been approved by CCEA With the goal of transforming the Indian Railways into “Green Railways”, complete electrification of the Railway network has been approved by Cabinet Committee on Economic Affairs (CCEA) which will reduce its carbon footprint […] Read more
Sterlite Power Wins Lakadia – Vadodara Transmission Project in Gujarat Updated On Tue, Dec 3rd, 2019 by Saurenergy Adding another feather in its cap, Sterlite Power has secured the Lakadia – Vadodara transmission project Ltd (LVTPL) under tariff-based competitive bidding process in Gujarat. The global power transmission assets developer said that it has acquired this inter-state green energy corridor (GEC) transmission project from PFC Consulting Ltd. The company will further execute this project […] Read more
