AEP to Proceed With Wind Projects Investments, Despite Texas Com’n Decision Updated On Fri, Jul 3rd, 2020 by Saurenergy American Electric Power (AEP) has announced that while the Public Utility Commission of Texas has denied the approval of Southwestern Electric Power Co.’s (SWEPCO) plan to add 309 megawatts (MW) of wind energy to serve Texas customers, AEP has received the other regulatory approvals needed to acquire the entire planned 1,485 MW of North Central […] Read more
Mercedes Benz Acquires Stake in Battery Cell Manufacturer Farasis Updated On Fri, Jul 3rd, 2020 by Saurenergy Mercedes-Benz has formed a strategic partnership with the Chinese battery cell manufacturer Farasis and is also taking an equity stake in the company. Mercedes-Benz has announced it is taking another important step on its journey towards CO2-neutral mobility. The Stuttgart-based luxury car manufacturer has launched a far-reaching strategic partnership with the Chinese battery cell manufacturer […] Read more
Engie Sells 49% Share in its 2.3 GW US Renewables Portfolio Updated On Thu, Jul 2nd, 2020 by Saurenergy Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong Engie has announced that it has signed an agreement to sell 49 percent equity interest in a 2.3 GW US renewables portfolio to Hannon Armstrong, a leading investor in climate change solutions. […] Read more
Tata Power Board Approves Rs 2600 Cr Equity Raise, InvIT for RE Business Updated On Thu, Jul 2nd, 2020 by Saurenergy The Tata Power Board has approved the issuance of 49,05,66,037 Equity shares to Tata Sons for an aggregate consideration of Rs 2,600 crore. The Board of Directors of Tata Power has approved the issuance of 49,05,66,037 Equity shares on a preferential basis to Tata Sons for an aggregate consideration of Rs 2,600 crore. The issue […] Read more
Average Power Price in RTM Lowers to Rs 2.22 per Unit in June Updated On Thu, Jul 2nd, 2020 by Saurenergy The average spot power price in the RTM was at Rs 2.22 per unit in June, which is lower than Rs 2.35 per unit in the day-ahead market at the IEX. The average spot power price in the real-time market (RTM) in its first month of operation of June was at Rs 2.22 per unit, […] Read more
Suzlon Completes Debt Restructuring With Rs 392 Crore Infusion Updated On Thu, Jul 2nd, 2020 by Saurenergy Suzlon Group has successfully completed its debt restructuring, following a cash infusion of Rs 392 crore by its key promoters and shareholders. Indian wind energy major Suzlon has announced that it has successfully completed its debt restructuring, following a cash infusion of Rs 392 crore by its key promoters and shareholders. In May, the group […] Read more
E-Mobility Firm Magenta Power has a new Technology Head in Sanjeev Tripathi Updated On Thu, Jul 2nd, 2020 by Saurenergy Magenta Power has announced that it has strengthened its leadership Team with the appointment of Sanjeev Tripathi as the Head of Technology at the company. Leading green energy solutions provider and e-mobility focusses firm – Magenta Power has announced that it has strengthened its leadership Team with the appointment of Sanjeev Tripathi as the Head […] Read more
Siemens Gamesa to Shut Navarro Plant Amid Challenging Market Conditions Updated On Wed, Jul 1st, 2020 by Saurenergy Siemens Gamesa has decided to shut down its Navarro factory, which is not competitive in the market environment to produce blades for large turbine models. Siemens Gamesa Renewable Energy, one of the leading wind turbine supplier globally, has announced that the company needs to adapt to the challenging market conditions of the wind industry, characterised by […] Read more
Infigen Nudges Shareholders to Accept $864 mn Takeover bid From Iberdrola Updated On Tue, Jun 30th, 2020 by Saurenergy The board of Australian wind farm operator Infigen is recommending that shareholders accept an AUD 864 million takeover bid from Spanish utility Iberdrola. The board of Australian wind farm operator Infigen is recommending that shareholders accept an AUD 864 million takeover bid from Spanish utility Iberdrola. The recommendation came after Iberdrola waived conditions for its […] Read more
