Suzlon Completes Sale of Two Subsidiaries to ReNew Power Updated On Wed, Apr 10th, 2019 by Saurenergy Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […] Read more
Over 90% of Electric 2Ws in India To Lose FAME II Subsidy: Report Updated On Mon, Apr 8th, 2019 by Saurenergy A shocking discovery has been made for the Indian electric two-wheeler manufacturers, the much-awaited FAME II scheme eligibility criteria will see around 95% of the existing electric two-wheelers miss the subsidy support, says a report by CRISIL. On March 28, 2019, the Ministry of Heavy Industry and Public Enterprise issued a notification, which laid out […] Read more
Norway’s GPFG Sovereign Fund Permitted to Invest $14Bn in Unlisted Renewables Updated On Sat, Apr 6th, 2019 by Saurenergy The Government is allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure under the dedicated environmental mandates. Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), the world’s largest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind power plants and solar […] Read more
$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments Updated On Fri, Apr 5th, 2019 by Saurenergy The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […] Read more
ABB, Rolls-Royce Ink Pact to Provide Microgrid Solutions Updated On Wed, Apr 3rd, 2019 by Saurenergy The two companies joined hands on microgrid solutions that integrate digital technology and efficient hybrid power systems. ABB and Rolls-Royce had entered into a global partnership on microgrid technology and advanced automation. As per the deal, the two companies will offer an innovative, energy-efficient microgrid solution for utilities, commercial and industrial entities. The microgrid provides […] Read more
Nordex Group Bags Another Major Order For its N149 Turbine in Australia Updated On Wed, Apr 3rd, 2019 by Saurenergy The expected volume of electricity to be produced by the wind farm equates to the annual consumption of some 115,000 households and is equivalent to a saving of 532,000 tons of toxic CO2 per annum. Nordex Group has been awarded a contract to supply and install 35 wind turbines for the Mortlake South Wind Farm […] Read more
Battery Management System Market Is Projected To Reach $11.17 Billion By 2025: Report Updated On Tue, Apr 2nd, 2019 by Saurenergy According to a report published by Grand View Research, The growing penetration of UPS solution in businesses to counter data loss is expected to spur the demand for Battery Management System Market. Lithium-ion batteries are used in applications requiring high-energy density solutions. According to a report, “Battery Management System Market Analysis By Battery Type […] Read more
GE Renewable Energy Secures First Order For Cypress Platform Updated On Tue, Apr 2nd, 2019 by Saurenergy GE Renewable Energy will supply its largest onshore wind turbine for Prowind’s project in Bavaria. GE Renewable Energy has been selected by Prowind GmbH to provide three Cypress units for the Elfershausen project in Germany. This marks the first order for GE’s Cypress platform, the company’s largest onshore wind turbine in the field. Prowind will operate […] Read more
Sydney Sets 100% Renewables Target For 2030 Updated On Mon, Apr 1st, 2019 by Saurenergy The city of Sydney has set an ambitious target of meeting 100 percent of its energy demands from renewable energy sources. “With our energy supply contract set to expire at the end of this year, we’re diving head first into Sydney’s renewable future by increasing our renewable electricity target from 50% to 100%,” a statement […] Read more
