China Suspends Sri Lankan Projects close to India Over ‘Security Concern’ Updated On Fri, Dec 3rd, 2021 by Saurenergy China has suspended a project to install hybrid energy plants in three islands of Sri Lanka, citing “security concern” from a “third party”, amid reports of India raising concern over its location. In January, the Chinese firm, Sino Soar Hybrid Technology, was awarded the contract to install a hybrid renewable energy system in Delft, Nagadeepa […] Read more
ONGC, SECI to Jointly Develop Renewable Projects Updated On Fri, Dec 3rd, 2021 by Saurenergy To realize its green energy objectives, Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI), an official statement said. The MoU provides a broad, overarching framework for the two national energy companies to collaborate on renewable energy projects including solar, wind, solar parks, […] Read more
HUL Ends Coal Usage; Shifts to Green Fuel like Biomass, Biodiesel Updated On Fri, Dec 3rd, 2021 by Saurenergy Consumer goods giant Hindustan Unilever Limited (HUL) has eliminated coal usage across its operations, replacing it with green alternatives such as biomass and biodiesel, an official statement said. The company has collaborated with biomass suppliers, and local farmers to ensure a sustainable supply of green fuel and made the necessary changes for the renewable transition […] Read more
French Firm Newheat Raises €7 M for Renewable Heat Development Updated On Fri, Dec 3rd, 2021 by Saurenergy French renewable heat supplier Newheat has announced the completion of a €7 million fundraising to support its development of renewable heat in France and internationally. Under this fundraising, Bpifrance bank is investing via its FIEE fund dedicated to energy and environment, alongside Newheat’s main original shareholders Noria and Etchart. Newheat offers decarbonization solutions for large […] Read more
L&T, ReNew Partner to focus on Green H2 Biz in India Updated On Thu, Dec 2nd, 2021 by Saurenergy Indian engineering conglomerate Larsen & Toubro (L&T) and green energy company ReNew Power (ReNew) are partnering to jointly develop, own, execute and operate green hydrogen projects in India. S N Subrahmanyan, CEO & MD of Larsen & Toubro, said, “This partnership with ReNew is a significant milestone in the journey towards building a green energy […] Read more
Ørsted Signs 12-Year Offshore Wind CPPA with Google Updated On Thu, Dec 2nd, 2021 by Saurenergy Ørsted, the largest energy company in Denmark, has signed a 12-year corporate power purchase agreement (CPPA) with Google, under which the IT giant will off take 50 MW of Ørsted’s planned 900 MW Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea. Rasmus Errboe, Head of Region Continental Europe at Ørsted, said, “We commend […] Read more
Energy Dome Raises $11 M to Build Cost-cutting CO2 Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Energy Dome, an Italian energy storage technology company founded in 2019, has announced the close of its $11M Series A fundraise. The company will use the proceeds to complete the construction of its CO2 battery demonstration project in Sardinia, Italy, a product that is said to store energy at about half of the cost of […] Read more
ReNew Power Achieves “Low Risk” on ESG Risk Ratings Updated On Thu, Dec 2nd, 2021 by Saurenergy RE independent power producer ReNew Energy Global has been ranked among the top 10 renewable power companies in the world on ESG Risk Ratings. ReNew has been rated as a ‘low risk’ company after a rigorous and thorough assessment process of its environmental, social and governance (ESG) risk exposure, management systems and performance, states the company. Of the […] Read more
Australian JV to Build Country’s Largest Privately Funded Battery Updated On Thu, Dec 2nd, 2021 by Saurenergy Engie, Macquarie’s Green Investment Group (GIG), and Fluence have partnered to deliver Australia’s largest privately-funded and owned utility-scale battery. The project will connect to existing network infrastructure to support the transition to renewable energy at the site of the former Hazelwood Power Station in the Latrobe Valley. Providing 150 MW/150 MWh of flexible energy, the […] Read more
