Altus Buys 220 MW Solar Portfolio from RE Equity Firm TGC in USA Updated On Fri, Jan 6th, 2023 by Saurenergy Connecticut based renewable energy infrastructure private equity firm, True Green Capital Management has announced that it has signed a binding agreement last week with Altus Power to sell a portfolio of approximately 220 megawatts (MW) of distributed solar assets. The value of the deal is revealed as $293 million. TGC and Altus Power expect the […] Read more
African Development Bank to Fund 100 MW Tunisian Solar Project Updated On Tue, Jan 3rd, 2023 by Saurenergy The African Development Bank is playing a critical role in the development of renewable sources of energy in Africa to ensure that the resource-starved region can have access to power while sustaining the natural environment. In a recent development, the African Development Bank Group has approved a $27 million and €10 million loan package to […] Read more
Canada’s Boralex Acquires 50% Stake in Five Wind Farms of 894 MW in US Updated On Tue, Jan 3rd, 2023 by Saurenergy In a major development, EDF Renewables North America has announced that the company has completed the transaction with Boralex Inc. by which Boralex has acquired EDF Renewables’ 50-percent ownership interests in five wind power projects totaling 447 MW in Texas and New Mexico. This has taken the renewable energy portfolio of the purchaser to further […] Read more
Pakistan PM Announces Solarisation of All Govt Buildings by Coming April Updated On Thu, Dec 29th, 2022 by Saurenergy Pakistan Prime Minister Shehbaz Sharif has said that the federal government has decided to install solar power panels on all government buildings in the country to harness green energy and reduce dependency on imported fossil-fuel based power. At first, the federal government buildings of Pakistan will be solarised and they will run entirely on Solar […] Read more
Japan’s First Large-Scale Offshore Wind Farm Goes Online Updated On Thu, Dec 29th, 2022 by Saurenergy Reports unanimously indicate that Japan holds vast potential for the development of wind energy. The island country’s coastline is expansive at nearly 30,000 km, which promises great potential for offshore wind energy. Despite the favourable conditions, Japan is trailing behind wind power leader countries like Denmark, UK and Germany. In fact, Japan is the fifth […] Read more
L&T Gets EPC Contract for 90 MW Floating Solar in Omkareshwar, MP Updated On Thu, Dec 29th, 2022 by Saurenergy India’s leading engineering player – Larsen and Toubro (L&T) – has announced that the power transmission & distribution business of L&T Construction has secured multiple EPC orders in India and overseas. The key catch has been a contract for the development of a floating solar project in Madhya Pradesh. L&T held that the renewables arm […] Read more
ACWA Seals $2.4 Billion Wind Energy PPA With Uzbekistan Updated On Mon, Dec 26th, 2022 by Saurenergy Saudi Arabia-headquartered ACWA Power Company has inked a power purchase agreement (PPA) with the National Electric Grid of Uzbekistan (NEGU) for a value of $2.40 billion. As per the information shared by the ACWA Power in mandatory filing before the Saudi Arabia stock exchange, the deal was inked on 23 December, 2022. According to the […] Read more
Tata Motors Will Run 1500 Electric Buses In Delhi Updated On Mon, Dec 26th, 2022 by Saurenergy In a fresh effort to decarbonise the public transport in the national capital, the Delhi Transport Corporation (DTC) will be purchasing new electric buses from Tata Motors in days to come. In a key announcement, Tata Motors said that DTC has signed a definitive agreement with its fully owned subsidiary, TML CV Mobility Solutions Ltd. […] Read more
Hero Electric Revenues Go Past Rs 850 Cr in Fy22 Updated On Mon, Dec 26th, 2022 by Saurenergy On the back of a 2.8X surge in operating income, Hero Electric has ascended to top position in the electric vehicle ecosystem in terms of revenues during FY22. Okinawa and Ather posted Rs 822 crore and Rs 408 crore topline respectively while Hero Electric generated Rs 841 crore from its operations in FY22 even while […] Read more
