ADNOC, TAQA Partner to Reach 30 GW RE Capacity by 2030 Updated On Thu, Nov 18th, 2021 by Saurenergy Abu Dhabi National Oil Co (ADNOC.UL) and Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) have formed a strategic partnership on clean energy, aiming to have 30 gigawatts of renewable capacity by 2030, the companies said on Wednesday. The new collaboration between ADNOC and TAQA will focus on domestic and international renewable energy and waste-to-energy projects, […] Read more
Taiwanese Firm Delta Selected for DJSI “World Index” for 11th Yr in a Row Updated On Wed, Nov 17th, 2021 by Saurenergy Taiwanese electronics manufacturing company Delta Electronics has been selected for the DJSI World for the eleventh consecutive year and the DJSI-Emerging Markets for the ninth consecutive year in the evaluation of the 2021 Dow Jones Sustainability Indices (DJSI), an indicator of global corporate competitiveness, said the firm in its latest statement. “This year, Delta achieved […] Read more
Yulu Unveils ‘India’s 1st AI Battery Charging/Swapping Solution for 2W EV Updated On Wed, Nov 17th, 2021 by Saurenergy E-mobility service provider Yulu is adding a network of battery charging and swapping stations named ‘Yulu Max Network’, the company announced recently. The Max Network will help EV users swap their batteries with zero downtime and reduce their range anxiety. This will be India’s first AI-powered, vertically integrated battery infrastructure for electric 2-wheelers, claims Yulu. […] Read more
Virescent RE Trust Ties-Up INR 2,150 Cr of Debt Financing Updated On Tue, Nov 16th, 2021 by Saurenergy Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT), has raised INR 1000 crore in its debut issuance across 3, 5 and 7 year tranches. This transaction marks the first-ever issuance by a renewable energy InvIT in India. The company will primarily use the proceeds to refinance existing debt at the Special Purpose Vehicle […] Read more
RWE to Invest €50 B to Reach 50 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy “Greener, bigger, more valuable – that is RWE in 2030. For the first time, the company is providing details of what it will look like by the end of the decade,” states Germany’s largest power producer. With its new strategy ‘Growing Green’, RWE will invest a significant sum, worth €50 billion, in its core business […] Read more
UK, US Firms Launch JV Targetting 20 GW RE Capacity by 2030 Updated On Tue, Nov 16th, 2021 by Saurenergy Low Carbon Limited, based in the UK, and the Massachusetts Mutual Life Insurance Company (MassMutual), based in the US, have joined forces to build a leading global renewable energy Independent Power Producer (IPP). The partnership with MassMutual also aims at supporting Low Carbon’s ambition to raise third-party investment funds with the goal of directing capital into […] Read more
CERC Favors Mahindra Renewables in Dispute With MPPMCL and DMRC Updated On Mon, Nov 15th, 2021 by Saurenergy The Central Electricity Regulatory Commission (CERC) recently gave a judgement in favour of Mahindra Renewables Private Limited, accepting most of its pleas for compensation from M.P. Power Management Company Limited (MPPMCL) and Delhi Metro Rail Corporation (DMRC) on account of a ‘Change in Law’ event in the power purchase agreement (PPA) executed among the three […] Read more
Japanese Wind Turbine Can Harness Typhoon Energy Updated On Mon, Nov 15th, 2021 by Saurenergy As governments and companies globally rush to install as much renewable energy capacity as possible to cut carbon emissions, areas often not suitable for solar arrays or wind farms are opening up for development with advances in technology. In Japan, a start-up called Challenergy has designed a wind turbine that works in cyclonic conditions, which typically […] Read more
Array Technologies Buys STI Norland in $652 million Tracker Deal Updated On Mon, Nov 15th, 2021 by Saurenergy American solar tracker firm Array Technologies is in advanced talks to acquire Spanish tracker manufacturer Soluciones Técnicas Integrales Norland (STI Norland) in a deal valued at around €570 million (US$652 million) in cash (€351 million/US$401 million) and stock. The deal closure is expected by Q1 of 2022. In 2020, STI generated revenues and EBIDTA of […] Read more
