US Invests $44 Million In Grid Connected Renewable Energy Projects Updated On Wed, Mar 20th, 2024 by Saurenergy The US Department of Energy (DOE) has announced the selection of eleven projects to receive $34 million for tools to advance a clean, reliable electricity grid run on wind and solar energy. DOE also announced a new $10 million funding to streamline the interconnection of clean energy to the grid. Together, these initiatives are estimated […] Read more
German OEM Enercon Launches New 7 MW Wind Turbine Updated On Wed, Mar 20th, 2024 by Saurenergy Germany-based OEM Enercon has announced the launch of a new wind turbine with new features for the E-175 EP5. As of 2026, ENERCON’s top model will be available in a version with a new two-piece permanent magnet generator with a nominal power of 7.0 MW. Moreover, a tower with a hub height of 175 meters will be […] Read more
SIDBI Secured $24.5 Mn from Green Climate Fund For Maiden Climate Project Updated On Wed, Mar 13th, 2024 by Saurenergy Small Industries Development Bank of India (SIDBI) has secured $24.5 Mn from Green Climate Fund (GCF) for its maiden anchored sustainability and climate focussed fund Avaana Sustainability Fund (ASF). The development came during the 38th meeting of the GCF Board in Kigali, Rwanda on March 6, reported the news agency PTI. The Green Climate Fund […] Read more
West Bengal Can Save Rs 62,000cr By Roping In Renewables: Report Updated On Tue, Mar 12th, 2024 by Saurenergy A report by think tank Climate Risk Horizons (CRH) suggests that West Bengal can save thousands of crores in the coming decade by moving away from coal and towards clean energy. The savings accrue through a combination of measures such as the retirement of older, more expensive coal power plants; diverting investment planned for new […] Read more
CIL, RRVUNL Sign MoU for 4100 MW Power In Rajasthan Updated On Tue, Mar 12th, 2024 by Saurenergy Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for the exploration and execution of 4,100 MW capacity power projects on March 10. The proposed electricity generation by CIL would be through a mix of coal-fired thermal power plants, solar projects, pump storage plants and wind […] Read more
BrightNight, ACEN Announce US $1.2B Capital Partnership In Philippines Updated On Mon, Mar 11th, 2024 by Saurenergy BrightNight, a global renewable power producer and a clean and dispatchable solutions provider, announced its partnership with ACEN Corporation (ACEN), the leading Phillippines based industrial and energy group. This partnership was undertaken to advance the development, construction, and operation of Bright Night’s initial 1.0 GW renewable power portfolio in the Philippines. Through this newly formed […] Read more
Matrix Gas & Renewables Raises Rs 350 Crore In Pre-IPO Round Updated On Tue, Mar 5th, 2024 by Saurenergy Gensol Group Company, Matrix Gas & Renewables Limited, has raised Rs 350 crore in the pre-IPO round. With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring City Gas Distribution (CGD) assets, and funding the ongoing capital expenditure plan. This […] Read more
The Return of Reverse Auctions For Wind Energy- Bad News Or Normalcy ? Updated On Tue, Mar 5th, 2024 by Saurenergy Following reports that the government has instructed leading PSU energy developers to return to the reverse auction mechanism for wind energy tenders, SaurEnergy tried to check the veracity of the claim. Without coming on record, it appears that a communication has been sent to that effect, to NTPC, SJVN, NHPC and of course SECI, which […] Read more
Finolex, Hinduja Sign PPA For 8.36 MW Power For 25 Years Updated On Mon, Mar 4th, 2024 by Saurenergy Finolex Industries Limited (FIL) a PVC pipes manufacturing company in India entered into a share purchase agreement for 8.36 MW renewable energy with Mumbai-based Hinduja Renewables (HREPL) and Hinduja Renewables Energy Private Limited (HROPL). This agreement was undertaken between power project developers engaged in the development, construction, operation, and maintenance of renewable energy-based power plants […] Read more
