Sunseap, BP Batam Partner to Build 2.2 GWp Floating PV in Indonesia Updated On Thu, Jul 22nd, 2021 by Saurenergy Singapore-based solar developer Sunseap Group has signed a Memorandum of Understanding (MoU) with Badan Pengusahaan Batam (BP Batam) for the building of a floating photovoltaic system (FPV) and energy storage system (ESS) on a reservoir in Indonesia’s Batam Island for an estimated cost of US$2 billion. Under the MoU, Sunseap will develop a FPV and […] Read more
Woodmac Predicts Low Solar Achievement Rates for India By 2030 Updated On Tue, Jul 13th, 2021 by Saurenergy Market Research firm Wood Mackenzie (Woodmac) says that Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030. China To Remain Leader Even as China will remain leader in the region, woodmac says low completion rates in India mean the country will miss its 100 GW solar target for 2022, […] Read more
Fourth Partner Raises $125 Million Equity Funding Updated On Thu, Jul 1st, 2021 by Saurenergy Hyderabad based Fourth Partner Energy has raised a fresh funding of $125 million for its expansion plans. The big new investor this time is Norwegian investment fund Norfund, that has invested $100 million. Existing investor the RISE fund has invested a further $25 million. Norfund was last in the news for its backing of Italy’s […] Read more
Risen Energies To Invest $10 bn To Set Up Solar PV Cell Factory in Malaysia Updated On Fri, Jun 25th, 2021 by Saurenergy China-based solar company Risen Energy Co. Ltd yesterday announced its first investment in Southeast Asia, with the aim to produce 3GW of high-efficiency photovoltaic modules to meet growing global demand. The company is expanding its global footprint by opening its latest production base in Kulim Hi-Tech Park, Kedah, Malaysia, in response to the strong support […] Read more
ISGF Report Supports Interlinking of Grids in GCC, SAARC & ASEAN area Updated On Thu, Jun 10th, 2021 by Saurenergy A new report entitled ‘Interconnection of Regional Grids of ASEAN, SAARC/BIMSTEC and GCC Regions’, released by India Smart Grid Forum (ISGF), argues that myriad benefits are to be gained from interconnecting smaller power systems — the GCC, SAARC/BIMSTEC and ASEAN region in particular — to form a large power pool or regional grid in terms of […] Read more
Wärtsilä’s Energy Storage Projects in Philippines Achieves Final Commission Updated On Thu, Jun 3rd, 2021 by Saurenergy Finnish manufacturer and service provider of power sources and other equipment in the marine and energy markets, Wärtsilä Corporation announced the final commissioning of the first two of its multiple energy storage projects in the Philippines. Wärtsilä has had signed many projects with SMC Global Power Holdings Inc. through its subsidiary, Universal Power Solutions Inc., […] Read more
Siemens Gamesa to Supply Largest Wind Farm in the Philippines as Wind Momentum Builds in the Country Updated On Thu, May 27th, 2021 by Saurenergy Siemens Gamesa has secured a landmark order to supply, install and commission 32 onshore turbines for the largest wind farm in the Philippines to date, marking a resurgence for the wind industry in the country. The 160 MW Balaoi & Caunayan wind project will be developed by Asia’s pioneering renewable energy developers UPC Renewables and […] Read more
Freyr Energy Raises ₹18 Crore Investment from C4D, Total and Schneider Updated On Thu, Apr 22nd, 2021 by Saurenergy Freyr Energy, a solar rooftop company based in Hyderabad, announced yesterday that it has secured an equity investment of Rs 18 crore from Total Carbon Neutrality Ventures, Schneider Electric Energy Access Asia and C4D Partners. The company works towards providing technology solutions to help homeowners and MSMEs transition to solar. Saurabh Marda, Managing Director of […] Read more
Three Wheels United Partners With Porter to Help Auto Drivers Shift to EV Updated On Fri, Apr 16th, 2021 by Saurenergy Three Wheels United (TWU), a Bengaluru based tech-enabled financier of light electric vehicles, announced today that it has ventured into the cargo segment through a partnership with Porter, a leading intra-city logistics company based in Delhi. Through this partnership, the firm will facilitate loans for partner drivers of Porter to easily switch from conventional cargo […] Read more
