Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
Delhi Airport Becomes India’s First 100% Sustainable Airport Updated On Thu, Jun 23rd, 2022 by Saurenergy Delhi’s Indira Gandhi International (IGI) airport is India’s busiest major international airports Airports tend to be placed with high energy consumption and carbon emissions. Recently, Delhi Airport tweeted that it will achieve a net-zero target by 2030. Now, they have announced that from June 1, the airport will be completely switched to hydro & solar […] Read more
US Solar Firms Form Consortium To Spend $6 Billion To Support Domestic Industry, Supply Chain Updated On Wed, Jun 22nd, 2022 by Saurenergy A number of solar power project developers in the USA have joined hands to spend approximately $6 billion for the supply chain expansion of solar power panels. The AES Corporation, Clearway Energy Group, Cypress Creek Renewables and D.E. Shaw Renewable Investments (DESRI), have announced the formation of the ‘US Solar Buyer Consortium’ to supplement the […] Read more
Preeti Bajaj Takes On The Mantle Of MD & CEO For Luminous Power Technologies Updated On Wed, Jun 22nd, 2022 by Saurenergy Owned by French engineering company Schneider Electric, Luminous Power Technologies has announced the appointment of Preeti Bajaj as its Chief Executive Officer and Managing Director. She will be taking over the leadership position from Vipul Sabharwal, who is superannuating. He has been leading the organisation since 2014. Preeti Bajaj will begin her stint at the […] Read more
EU Votes To Ban Sales Of CO2 Emitting Combustion Engine Cars and Vans by 2035 Updated On Tue, Jun 21st, 2022 by Saurenergy The European Union has mandated a ban on vehicles powered by internal combustion engines (ICE) by 2035. The EU Parliament has voted in favour of cars and vans with zero emissions and stipulated 2035 as the deadline to achieve the mammoth target. EU Heralding EV Revolution The judgement has come at a time when giant […] Read more
Sluggish Offshore Wind Digitalization will Stunt Industry’s Growth Updated On Tue, Jun 21st, 2022 by Saurenergy Owners and operators of offshore wind projects need to rapidly accelerate their adoption of digitalization in a bid to head off the impact of soaring costs and supply chain challenges to retain the industry’s growth. ONYX Insight, a leading provider of data analytics and engineering expertise in the global wind industry has maintained. Despite the […] Read more
PFS, GGGI Collaborate To Establish RE Focused Infra Debt Fund Updated On Mon, Jun 20th, 2022 by Saurenergy A memorandum of understanding (MoU) agreement has been signed between India’s infrastructure finance company PTC India Financial Services (PFS) and Global Green Growth Institute (GGGI) for the establishment of an infrastructure debt fund. The objective of the debt fund is to enhance the infrastructural development in the field of renewable energy. According to the official […] Read more
Karnataka Looks At A Hydrogen Cluster In Mangaluru Updated On Mon, Jun 20th, 2022 by Saurenergy Karnataka recently signed two major projects about hydrogen production. ACME Cleantech Solutions Private Limited and ReNew Power have each signed to invest ₹52,000 crores and ₹50,000 crore in the state over the last one month, in MoU’s signed at Davos. Sharing the vision of the state government, Gunjan Krishna, commissioner for industrial development and director, […] Read more
Volvo Invests $4.9 million In Connected Energy For Second Life Battery Business Updated On Mon, Jun 20th, 2022 by Saurenergy Volvo Energy is investing about 50 million Swedish kronor (SEK) or $4.9 million for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. Joachim Rosenberg, President, Volvo Energy, said, “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of […] Read more
