KKR Acquires Stake in Philippines Based Power Producer ‘First Gen’ Updated On Mon, Jun 29th, 2020 by Saurenergy KKR has accepted all of the 427,041,291 common shares of First Gen, representing approximately 11.9 percent of its outstanding common shares. Global investment firm KKR has announced that, following the completion of the voluntary tender offer period by Valorous Asia Holdings, an entity owned by KKR investment funds, the Offeror has accepted all of the […] Read more
RPO Fines Will Lead to Exponentially High Demand: RK Singh Updated On Mon, Jun 29th, 2020 by Saurenergy The increase in fines for non-compliance of RPO to up to Rs 1 per KWh of the shortfall would lead to a huge rise in demand, RK Singh has said. The increase in fines for non-compliance of renewable energy purchase obligations (RPO) to up to Rs 1 per kilowatt-hour (KWh) of the shortfall would lead […] Read more
Tucson Electric Mulls to Supply 70% Electricity via Renewable to achieve CO2 Reduction Targets Updated On Sat, Jun 27th, 2020 by Saurenergy In a significant development, Arizona-based electric utility company, Tucson Electric Power (TEP), is mulling to supply over 70 per cent of its electricity from wind and solar energy resources. The move is seemed to be as part of its clean energy plan in which it is targeted to trim 80 per cent of its carbon […] Read more
Vestas, Rabobank, Windpark Ink Pact for Netherland’s Largest Onshore Wind Park Updated On Sat, Jun 27th, 2020 by Saurenergy Danish wind turbine major Vestas has entered into a partnership with Rabobank and Windpark Zeewolde B.V. to build Netherland’s largest onshore wind project. Also, the three companies have closed the contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands. The Windpark Zeewolde wind project is a unique collaboration of over […] Read more
Duke Energy Grants $9 Lakh to Support Job Training Programs in North Carolina Updated On Fri, Jun 26th, 2020 by Saurenergy Duke Energy, a leading energy company in the US, awarded USD 903,828 in grants to support apprenticeship job training programs at 8 community colleges in North Carolina. Moreover, this grant is in line with its 2017 commitment to fund USD 5 million in apprenticeship programs at community colleges across the state. Commenting on the development, Peter Hans, president of the NC […] Read more
MNRE Issues Guidelines for Wind Power Procurement from 2.5 GW ISTS Projects Updated On Fri, Jun 26th, 2020 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has issued guidelines for implementation of ‘scheme for a tariff-based competitive bidding process for procurement of renewable energy power from 2500 MW ISTS connected blended wind power projects’. The government has implemented the scheme for procurement of power at a tariff discovered via a transparent process of […] Read more
Sterlite Power Buys SPV from PFC to Execute Large ISTS Project Updated On Fri, Jun 26th, 2020 by Saurenergy Sterlite Power, a leading power transmission infrastructure developer, on Friday, said that it has acquired Vapi II North Lakhimpur Transmission Ltd (VNLTL), a Special Purpose Vehicle (SPV) from power sector lender PFC’s arm PFC Consulting Ltd. Through this acquisition, the company is planning to execute a large inter-state transmission system (ISTS) project – Western Region […] Read more
Vestas Bags 48 MW Wind Turbine Order in Vietnam Updated On Fri, Jun 26th, 2020 by Saurenergy Vestas has secured a 48 MW order with Vietnamese developer, Phong Lieu Wind Power JSC for a wind project located in the Quang Tri Province of Vietnam. Vestas has secured a 48 MW order with Vietnamese developer, Phong Lieu Wind Power JSC for a wind project located in the Quang Tri Province of Vietnam. This […] Read more
How India has Become the World’s Largest Clean Energy Auction Market: BNEF Updated On Fri, Jun 26th, 2020 by Saurenergy BNEF has released a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market Bloomberg Philanthropies and BloombergNEF (BNEF) released “India’s Clean Power Revolution,” a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market – and a model […] Read more
