Petronas makes India Play with Amplus Energy Acquisition Updated On Tue, Apr 16th, 2019 by Saurenergy By Acquiring Amplus Energy for Rs 2700 crores, Malaysia’s Petronas just made a big India play in renewables. The Move by Malaysia’s Petronas, itself a $60 billion-plus behemoth with a $13.2 billion bottom line in 2018, is a huge vote of confidence in India’s renewable sector. At Rs 2700 crores, the valuation also seems to […] Read more
Vestas to Acquire Minority Stake in Renewable Project Developer Sowitec Updated On Mon, Apr 15th, 2019 by Saurenergy The acquisition is expected to be finalised during the second quarter of 2019 and will have no significant impact on Vestas earnings. To support Vestas’ strategy and increase its capability to partner with its customers in project development in selective markets, Vestas has announced the acquisition of a 25.1 percent minority stake in Sowitec with […] Read more
Petronas Forays into Renewable Energy with Acquisition of Amplus Energy Updated On Mon, Apr 15th, 2019 by Saurenergy Malaysia’s Petronas has acquired Amplus Energy Solutions, marking the Oil and Gas majors international foray into renewable energy. Petroliam Nasional Berhad (Petronas), Malaysia’s fully integrated oil and gas major, has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus (M+) Energy Solutions Pte Ltd, a […] Read more
Apple Set to Surpass its Clean Energy Goals with New Supplier Commitments Updated On Fri, Apr 12th, 2019 by Saurenergy Global tech-major, Apple has revealed that it has nearly doubled the number of suppliers that have committed to run their Apple production on 100 percent clean energy, bringing the total number to 44. Because of this partnership between Apple and its suppliers, the California-based tech company will exceed its goal of bringing 4 GW of […] Read more
Israel’s Megalim Concentrated Solar Power Plant Begins Operations Updated On Thu, Apr 11th, 2019 by Saurenergy The Megalim solar thermal power plant, a joint venture of BrightSource, GE Renewable Energy and the Noy Fund, said on 10 April, that it has begun commercial operation in Israel. The Ashalim Solar Thermal Power Station, located in Israel’s Negev desert, is one of the largest projects of its type in the world. It is […] Read more
Gujarat Seeking EPC Bids For Deployment of 150 MW of Solar Power Projects Updated On Wed, Apr 10th, 2019 by Saurenergy The last date of bid submission is May 6, 2019. The Gujarat Industries Power Company (GIPCL) has issued tender inviting bids from eligible EPC contractors for the construction of 150 MW of solar PV power projects in the state. The solar projects will be developed at the Dholera Solar Park and the Raghanesda Ultra Mega […] Read more
Waaree Energies Installs 14 Solar Power Centres in West Bengal Updated On Wed, Apr 10th, 2019 by Saurenergy Waaree Energies, an Indian solar PV manufacturer with a capacity of 1.5 GW, has set up 14 solar power centers in West Bengal. The main objective of these centers, spread over 14 districts, is to make inroads into solar projects segment. Waaree Energies, the Indian arm of global renewable major Waaree Group, is also one […] Read more
MNRE Invites Suggestions on Draft Guidelines for Series Approval of Inverters for Lab Testing Updated On Wed, Apr 10th, 2019 by Saurenergy These guidelines are applicable for SPV based off-grid, grid-tie and hybrid inverters of capacities up-to 150KW. After issuing draft guidelines for storage batteries, the Ministry of New & Renewable Energy (MNRE) has invited comments or suggestions from public and related stakeholders on the guidelines drafted for series approval of inverters for conducting lab testing. Further, […] Read more
MNRE HQ Building To Use Solar Energy & Become Net-Zero Energy Complex Updated On Tue, Apr 9th, 2019 by Saurenergy The Akshay Urja Bhawan will be located in Delhi, right opposite the premises which the ministry presently occupies in the CGO Complex here. To promote sustainable practices, the Ministry of New and Renewable Energy (MNRE) has conceptualised a “net-zero energy complex” for its new headquarters in New Delhi. The Akshay Urja Bhawan will be located […] Read more
