Neoen Commences Early Works on 412MW Wind Project in S. Australia Updated On Wed, Jan 19th, 2022 by Saurenergy Renewable energy producer Neoen has finally launched its flagship Goyder Renewables Zone project in South Australia. Notice to proceed was given to a consortium of GE Renewable Energy and Elecnor in late December 2021 for the construction of a 412 MW wind farm known as Goyder South Stage 1. The wind farm will consist of […] Read more
Fortum Teams Up with Russia’s Bank GPG for Wind JV Updated On Tue, Jan 18th, 2022 by Saurenergy Finnish state-owned energy company Fortum has announced that it is initiating cooperation in wind power generation in Russia with Bank GPB. For this purpose, 1.3 GW portfolio of wind projects is being transferred from the Fortum-Rusnano Wind Investment fund (50/50 joint venture) to a joint venture recently established with Bank GPB, the company said in […] Read more
100MW Offshore Wind Plant Launched in Vietnam Amid RE Push Updated On Tue, Jan 18th, 2022 by Saurenergy Vietnam ‘s leading renewables firm Trung Nam Group has launched its first offshore wind farm amid the Southeast Asian country’s drive for clean energy, the company said on Monday. The 5 trillion dong ($220.17 million as $1 = 22,710 dong) farm in the southern province of Tra Vinh has 25 turbines with installed capacity of […] Read more
Investor Pressure For ESG Compliance To Drive Corporates Towards Renewables In 2022 Updated On Tue, Jan 18th, 2022 by Saurenergy A New Report from Wood Mackenzie posits that there is a real near term risk for corporates and renewable firms as they invest to decarbonise the energy system. Decarbonisation is the lynchpin of the global strategy to meet the 1.5-degree warming scenario influencing companies’ planning. The report, Corporate power and renewables: 5 things to look […] Read more
Long-term Finance at Low Rates for Power, RE in Budget, expects ICRA Updated On Mon, Jan 17th, 2022 by Saurenergy Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant policy measures are needed to promote investments […] Read more
PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid Updated On Mon, Jan 17th, 2022 by Saurenergy Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […] Read more
GE Renewable Energy to Install Turbines at 100MW Wind Farm in Gujarat Updated On Fri, Jan 14th, 2022 by Saurenergy Paris-based GE Renewable Energy on Thursday said that it will supply, install, and commission 37 wind turbines to a 99.90-megawatt (MW) wind power project in Gujarat, managed by Indian renewable energy group Continuum Green Energy. According to the official press release, the wind farm project will provide local businesses and consumers with clean energy. “We look […] Read more
MNRE Widens ALMM Ambit To Cover Open Access, PM KUSUM. Domestic Manufacturers To Benefit Updated On Fri, Jan 14th, 2022 by Saurenergy In an office memorandum dated January 13, the Ministry of New and Renewable Energy (MNRE) has delivered on a promise made by Power and MNRE Minister R.K. Singh earlier to cover all govt. assisted projects under the ALMM scheme. The minister had contended that they have been advised that even projects availing of benefits like […] Read more
Repower Renewable to Build 495MW Floating Offshore Wind Plant in Italy Updated On Fri, Jan 14th, 2022 by Saurenergy Venice-based Repower Renewable S.p.A. plans to build a large-scale floating offshore wind farm in the Ionian Sea and connect it to Italy’s national grid. The wind farm is located southeast of the eastern coast of Calabria at a minimum distance of about 61.8 kilometres from Capo Rizzuto and 74.8 kilometres from Monasterace Marina. The project is […] Read more
