GlobalFoundries, Biden Admin Announces $1.5 Bn Funding For CHIPS & Science Act Updated On Tue, Feb 20th, 2024 by Saurenergy The US Department of Commerce recently announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. GF claims to expand and create new manufacturing capacity through this investment. It estimates to expand it capabilities and securely produce more essential chips for automotive, IoT, aerospace, defense, and […] Read more
Environmental Reason Behind Shift to EVs, Buyers In India Worried About Charging Time: Report Updated On Tue, Feb 20th, 2024 by Saurenergy The latest Global Automotive Consumer Study by Deloitte shows that when it comes to the usage of electric vehicles battery-related concerns persist higher among Indian consumers. The study showed that around 43 percent of car buyers in India say the time required to charge an electric vehicle is one of the greatest concerns regarding EVs. […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Vattenfall Inks Deal With Evonik To Supply Solar Power For Chemical Production in Germany Updated On Mon, Feb 19th, 2024 by Saurenergy Germany-based energy supplier company Vattenfall has signed a PPA with specialty chemicals company Evonik that concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed […] Read more
World Bank Allocates $300 Mn For RE Projects in Eastern & Southern Africa Updated On Fri, Feb 16th, 2024 by Saurenergy The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member states. This new facility follows […] Read more
Volkswagen, Mahindra Partner To Bring Unified Cell Concept In EVs Updated On Fri, Feb 16th, 2024 by Saurenergy Volkswagen Group and Mahindra & Mahindra Ltd. (M&M) have signed the first agreement for the supply of Volkswagen´s component to Mahindra. The company plans to use the components of Volkswagen´s MEB (Modular Electric Drive) for Mahindra’s purpose-built electric platform INGLO. Thus, taking a definitive step further on their joint vision for e-mobility collaboration. The deal […] Read more
KPI Green Bags 1.5 MW Solar Power Project From Pruthvi Textile Updated On Fri, Feb 16th, 2024 by Saurenergy KPI Green Energy, a Gujarat-based solar and hybrid power generating company, recently announced receiving a new order for a 1.5 MW solar power project from Pruthvi Textile. KPIG Energia Private Limited is a wholly-owned subsidiary of the company under the ‘Captive Power Producer (CPP)’ segment of the company. The domestic entity has awarded the project […] Read more
ACCIONA Energía To Build 412MW Solar Plant In Rajasthan Updated On Thu, Feb 15th, 2024 by Saurenergy Spain-based renewable energy company ACCIONA Energía has announced that it will build a new 412MWp photovoltaic project in the state of Rajasthan. As per the press release by the company, the project will be commissioned by 2025. The solar farm will consist of around 750,000 photovoltaic modules of 545Wp each. It will produce around 800GWh […] Read more
Floating Offshore Wind: Aker Solutions, Principle Power Get 1 GW Contract Updated On Thu, Feb 15th, 2024 by Saurenergy Haewoori Offshore Wind 2 (500MW) and 3 (500MW), Copenhagen Infrastructure Partner’s (CIP) floating offshore wind projects off the coast of Ulsan, Korea have awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for the floating foundations. As part of the scope, Aker Solutions will coordinate the design and delivery of […] Read more
