Draft Open Access Norms Can be a Tailwind for New RE Projects: CRISIL Updated On Fri, Sep 3rd, 2021 by Saurenergy The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route, finds CRISIL ratings. In India, power distribution happens through three modes – state distribution companies, […] Read more
Chennai-Based Lucas TVS Plans 10 GWh Battery Gigafactory in Tamil Nadu Updated On Fri, Sep 3rd, 2021 by Saurenergy Lucas TVS, the Chennai-based auto components major that is part of the TVS group has signed an agreement with 24M’s advanced ‘SemiSolid’ electrode technology. 24M has built its reputation on the promise of a lithium-ion battery manufacturing process that is more modular, efficient and low cost. Spun out of MIT, it already has partnerships with […] Read more
UK to Pump $1.2 B into Green Projects in India: 11th Eco & Fin Dialogue Updated On Fri, Sep 3rd, 2021 by Saurenergy At the 11th India-UK Economic and Financial Dialogue (EFD) held yesterday, Finance Minister Nirmala Sitharaman and UK Chancellor Rishi Sunak signed off a $1.2 billion package of public and private investment in green projects and renewable energy to boost India’s green growth ambitions. The dialogue saw the announcement of new steps to tackle climate change […] Read more
Shell & CoensHexicon to Build 1.4 GW Floating Wind Farm in South Korea Updated On Thu, Sep 2nd, 2021 by Saurenergy Shell Overseas Investment BV, a unit of Dutch oil and gas major Royal Dutch Shell, and CoensHexicon have established a joint venture to fund, develop, and operate MunmuBaram, a 1.4 GW floating offshore wind farm for South Korea. MunmuBaram is expected to power over 1 million homes once it begins operating. The two companies announced their […] Read more
Lowest Bid of $0.01332/kWh Reported in Chile’s Renewables Auction Updated On Thu, Sep 2nd, 2021 by Saurenergy The National Energy Commission of Chile (CNE) held a 2.31 TWh/year renewable energy auction last week, in which the lowest bid was submitted for $0.01332/kWh for a solar PV project. 29 bidders took part in the bidding process, which was conducted by Empresas Eléctricas AG and by Enel, to provide electricity to the National Electric System […] Read more
US Firm Kevala Raises $21 M in Series A Funding Round Updated On Wed, Sep 1st, 2021 by Saurenergy US energy data provider Kevala Inc. has raised $21 million in Series A funding round led by C5 Impact Partners LP (C5 Capital’s fund focused on data-driven technologies transforming critical infrastructure) and Thin Line Capital. Additional investors in the Series A round include senior energy sector executives Tom Werner, current Chairman and former CEO of […] Read more
Global Semiconductor Firm Infineon Supports Ecosystem Development In Green Agriculture Updated On Mon, Aug 30th, 2021 by Saurenergy Infineon Technologies, a top 10 global semiconductor major has collaborated with with Invest India on Motor Drive Design Challenge for solar pumps. Solar pumps of course are a critical part of the government’s thrust to solarise Indian agriculture under the PM KUSUM scheme and more. For Infineon, the initiative is part of its support for […] Read more
“The Whole Ethos of the Company is Energy Independence”, Sunpower Renewables Updated On Mon, Aug 30th, 2021 by Saurenergy As the energy market continues to open up In India, it’s throwing up a number of opportunities for firms. One such firm is Australia based Sunpower Renewables, which has focused on storage based solutions using Lithium Ion batteries. Starting with a simple solar lantern back in 2016, the firm today is offering an array of […] Read more
Green Group Files Climate Lawsuit Against Australian Gas Major Santos Updated On Fri, Aug 27th, 2021 by Saurenergy In a landmark move, green group Australasian Centre for Corporate Responsibility (ACCR) is suing oil and gas major Santos Ltd, challenging the company’s claims that natural gas provides “clean energy” and that it has a “credible and clear plan” to achieve “net zero” emissions by 2040 in the Federal Court of Australia. This is the first […] Read more
