Rockefeller Foundation, Ikea and Bezos Fund Backed GEAPP Launches India Plans Updated On Fri, May 5th, 2023 by Saurenergy In a significant fillip to the energy transition movement, GEAPP or the Global Energy Alliance for People and Planet has finally launched its India operations. Backed by heavyweights including the Rockefeller Foundation, Ikea Foundation and Amazon Founder Jeff Bezos’s Bezos Fund, the platform brings in a welcome dose of capital and global linkages to impact […] Read more
Sunil Gupta Assumes the Role of CEO & Group CFO at Azure Power Updated On Fri, May 5th, 2023 by Saurenergy Independent Power Producer Azure Power has appointed Sunil Gupta as its new CEO (Chief Executive Officer) and Group CFO (Chief Financial Officer). The CEO is set to join the firm on July 10, 2023. He will be replacing the acting CEO, Rupesh Agrawal. Gupta will also step into the shoes of the Managing Director of […] Read more
Cleantech Forays Into Open Access Of Wind Power, Signs Pact For 25MW Wind Projects Updated On Wed, Apr 26th, 2023 by Saurenergy Cleantech Solar, a renewable energy company, has now marked its entry into the open-access segment of wind energy with its latest proposed wind energy projects. The firm, in its latest development, has signed an agreement with international industrial customers in Maharashtra and Tamil Nadu for its upcoming 25MW wind power projects in these states. As […] Read more
Mitsubishi Signs $692 Million Loan Agreement for Laos Wind Project Updated On Tue, Apr 11th, 2023 by Saurenergy Mitsubishi Corporation has announced that it has signed a $692 million financing package for the Monsoon cross-border wind power project in Laos with the Asian Development Bank, Japan International Cooperation Agency, Sumitomo Mitsui Banking Corporation, and other lenders. This has been done with other project sponsors. Mitsubishi had previously announced that it was involved in […] Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
SunSource Commissions 9 MW Solar Open Access Project in UP for Varun Beverages Updated On Wed, Apr 5th, 2023 by Saurenergy A firm that provides solar-based energy and storage solutions, SunSource Energy has shared that it has commissioned a 9 MW (DC) solar open access project in Uttar Pradesh (UP) for Varun Beverages. Varun Beverages is a noted player in the beverage industry and among the largest franchisees of PepsiCo in the world. The PPA paves […] Read more
Battery Recycling Startup-Metastable Bags Seed Funding Under Scale-Up Programme Updated On Mon, Apr 3rd, 2023 by Saurenergy Metastable, a deep-tech battery recycling startup, has raised seed funding under Sequoia Capital Asia’s rapid scale-up programme, ‘ Surge’. The Bengaluru-based urban mining company works towards extracting crucial elements of Lithium-ion batteries up to the optimal level. In a release to the media, the firm said that it had raised seed funding through the programme. […] Read more
Thailand’s EV Pivot gathers Pace as BYD, Neta Break Ground For New Plants Updated On Wed, Mar 15th, 2023 by Saurenergy Thailand, which has made the continuation of its status as a key auto hub key in the face of the EV transition, has just welcomed two Chinese giants, BYD and Neta Auto to the country, as the two firms broken ground on planned auto factories in Thailand for electric vehicles. The Thai government is pushing […] Read more
BrightNight, ACEN Join Hands to Develop Renewables in India Updated On Mon, Mar 13th, 2023 by Saurenergy U.S. based renewable firm, BrightNight, has joined hands with ACEN Corporation, a Philippine listed energy platform of the Ayala Group, to accelerate the development, construction, and operation of BrightNight’s initial 1.2 GW, multi-technology renewable power portfolio in India. The partnership is formed through ACEN Renewables International Pte. Ltd. and ACEN International, Inc. (collectively known as […] Read more
