Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
NTPC Issues Tender For 1500 MW Of Wind Projects For ISTS Updated On Mon, Sep 25th, 2023 by Saurenergy NTPC Limited has issued an international bidding tender seeking developers to set up 1500 Megawatt (MW) of Inter-State Transmission System (ISTS) wind projects anywhere in India. The central public sector enterprise has asked the bidders to submit their bids by the end of October 19. The bids will be undertaken on a single stage two, envelope mode […] Read more
Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC Updated On Mon, Sep 25th, 2023 by Saurenergy Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […] Read more
RWE Decides To Build 35-MW Battery Storage For Biomass Plant Updated On Fri, Sep 22nd, 2023 by Saurenergy RWE has announced its final investment decision to build a Dutch battery storage project with an installed power capacity of 35 MW and a storage capacity of 41 MWh. A total of 110 lithium-ion battery racks will be installed at RWE’s biomass plant in Eemshaven on an area of around 3,000 square metres. RWE plans […] Read more
LOHUM Provides Nepal Indian Alternative to China by Supplying 25,000 MT EV Battery Materials Updated On Thu, Sep 21st, 2023 by Saurenergy LOHUM, a producer of sustainable energy transition and battery materials through integrated recycling, repurposing, and refining, is partnering with Nepal’s EV ecosystem partners that are selling MG, Stellantis, and Tata EVs. The diverse pool of EV sector partners will also eventually include Volkswagen, Suzuki, Renault, and Mahindra EVs enter recycling, among others. The partnership will […] Read more
Shanghai Electric Firm Secures RMB400 Million Towards Energy Storage Business Updated On Thu, Sep 21st, 2023 by Saurenergy Shanghai Electric Energy Storage Technology, the energy storage subsidiary of Shanghai Electric has announced that it has received RMB400 million in Series A financing that will be used to inject added vitality into the development of its energy storage business. Shanghai Electric will focus on promoting the research and development of new systems, promoting its […] Read more
2023 To See China, India EV Sales Go Beyond 10 Million For First Time Updated On Thu, Sep 21st, 2023 by Saurenergy Even as industry celebrated crossing the 1 million EV sales mark in India by September, the global leader, China is expected to surpass 10 million new energy vehicle sales this year, according to a recent report. EVs accounted for 6.4 per cent of the total automobile sales in the country this year, with two wheelers […] Read more
TotalEnergies to Invest $300 Mn in JV with Adani Group for Green Energy Updated On Thu, Sep 21st, 2023 by Saurenergy French multi-energy firm, TotalEnergies, will make an investment to the tune of $300 million in a 50-50 joint venture with Adani Green Energy. This initiative is towards the generation of solar and wind energy in India. The joint venture between the two firms sets sights on 1,050 MW of power. The investment by TotalEnergies will […] Read more
What Is Delaying Commissioning of India’s 96 GW Under-Construction RE Projects? Updated On Wed, Sep 20th, 2023 by Saurenergy A quarterly report by the Central Electricity Authority (CEA) for the period ending July 31 claims that renewable energy projects of up to 96 Gigawatt (GW) are under construction in the country. These projects are related to the renewable energy projects tendered through the Solar Energy Corporation of India (SECI) and other central public sector […] Read more
