Fractal EMS and You.On Integrate Largest BESS in Brazil Updated On Mon, Jan 30th, 2023 by Saurenergy US based Fractal EMS Inc and You.On have announced that they have completed the integration of the largest battery energy storage system (BESS) in Brazil that has a capacity of The 30 MW/60 MWh. You.On is a Brazil based firm specialising in storage solutions. The official statement of Fractal EMS held that the BESS project […] Read more
The Top 5: Game-Changing Renewable Energy Projects In The Middle East Updated On Mon, Jan 30th, 2023 by Saurenergy The energy transition towards renewables has recently seen an increase in Middle Eastern countries, especially in Saudi Arabia, UAE, Egypt, Morocco etc. Once dependent on its plentiful reserves of oil and gas for wealth, the region is finally embracing the zero-carbon emission goals. As per IRENA’s World Energy Transitions Outlook (WETO), the region could obtain […] Read more
NTPC Reports 5% PAT Growth YoY in Q3, Renewable Capacity Dominates Additions Updated On Sun, Jan 29th, 2023 by Saurenergy NTPC, which is India’s largest energy conglomerate, has shared its results for Q3. The entity has reported a net profit of Rs 4,854.36 crore for the October-December quarter of FY23 on Saturday, nearly 5 per cent higher as compared to Rs 4,626.11 crore in the year-ago period. The company’s board has also declared a Rs […] Read more
Norwegian Fund To Invest $62 Million In SAEL To Help Develop 3GW Renewables Updated On Fri, Jan 27th, 2023 by Saurenergy The new Norwegian Climate Investment Fund has said that it will be investing about NOK 600 million or $62 million (Rs. 500 crores) in equity in Sukhbir Agro Energy Limited (SAEL). As per the official statement of the fund, the investment will contribute to avoiding more than 2.8 million tons of CO2 emissions. Given the […] Read more
Enfinity Global, Statkraft Sign PPA For 191 Gwh Supply In Italy Updated On Fri, Jan 27th, 2023 by Saurenergy Global renewable players Enfinity Global and Statkraft have announced that they have signed a 10-year solar power purchase agreement (PPA) in Italy. As per the deal, the committed energy will be produced by a 112 MW utility-scale solar power portfolio owned by Enfinity Global. The official statement by Enfinity held that the solar power portfolio, […] Read more
ACME, Norfund Alliance for Renewable Energy In India Updated On Fri, Jan 27th, 2023 by Saurenergy Gurugram headquartered renewable energy player ACME has collaborated with Norfund – the Norwegian investment fund – under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, “I […] Read more
Minigrid Pioneer Husk Power Turns Profitable After 14 Years Updated On Thu, Jan 26th, 2023 by Saurenergy Husk Power Systems, which pioneered the first renewable energy minigrid in India in 2008 and now operates the largest fleet of community mini grids across Asia and Africa, announced that it has achieved profitability on both continents. Husk is the world’s first minigrid company to achieve this major industry milestone. The company became EBITDA positive […] Read more
Islamic Development Bank To Offer Insurance/Finance For RE Projects Updated On Wed, Jan 25th, 2023 by Saurenergy In a bid to promote the development of renewable energy projects, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, has signed an MoU with Abu Dhabi Future Energy Company or Masdar. Under the MoU, the bank and Masdar agree to co-operate […] Read more
New Wind Energy Tower Factory To Come Up In Poland With EUR 200 Million Investment Updated On Wed, Jan 25th, 2023 by Saurenergy Spanish green energy conglomerate GRI Renewable Industries (GRI) and ARP, Poland’s Industrial Development Agency, have announced that they have signed an agreement for the launch of a joint venture company for the construction of an offshore wind tower factory in Gdansk – a Polish port city on the Baltic coast. GRI is an experienced offshore wind […] Read more
