US Announces Investing $254mn To Decarbonize Domestic Manufacturing Updated On Mon, Jan 29th, 2024 by Saurenergy The Department of Energy (DOE) of the United States (US) recently announced that it would invest $171 million in 49 projects across 21 states. This announcement supported United States (US) President Biden’s ‘Investing In America’ agenda. The announcement stated, “This investment aimed to give new funding opportunity to advance next-generation technologies to cut emissions and […] Read more
Reliance Backed Wafer Manufacturing StartUp NexWafe Plans 6GW US Manufacturing Plant Updated On Mon, Jan 29th, 2024 by Saurenergy German solar startup NexWafe GmbH, which counts India’s Reliance among its key investors, is considering a major expansion in the US with 6 GW of solar wafer manufacturing capacity there. Towards this end, NexWafe GmbH has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial […] Read more
CapitaLand Trust Commissions 21 MW Solar Plant In Tamil Nadu Updated On Mon, Jan 29th, 2024 by Saurenergy CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tamil Nadu, India. The 21-megawatt (MW) solar plant will generate over 30 million kilowatt-hours (kWh) of electricity annually and meet the power supply needs of 2 million sq ft equivalent of office space. The power generated from the solar plant will […] Read more
European Energy Signs PPA With Australian firm Rio Tinto For 1.3 GWp Solar Farm Updated On Wed, Jan 24th, 2024 by Saurenergy A Power Purchase Agreement (PPA) has been signed between the renewable energy company European Energy and Australia-based mining company Rio Tinto. The agreement aims to supply all the energy from the upcoming solar farm Upper Calliope Solar Farm to Rio Tinto. The agreement between European Energy and Rio Tinto is touted as the biggest solar […] Read more
Exus To Acquire 625 MW New Mexico Solar Portfolio Updated On Tue, Jan 23rd, 2024 by Saurenergy Exus North America, a renewables asset management and development firm, has announced its acquisition of New Mexico Renewable Development LLC (NMRD), a 15-project portfolio of solar farms in the state totalling 625 megawatts. The sale of the portfolio, owned 50/50 by energy holding company PNM Resources (PNM) and major utility American Electric Power (AEP), is […] Read more
Terra-Gen, Mortenson Activate Largest Solar Plus Energy Storage Project In US Updated On Tue, Jan 23rd, 2024 by Saurenergy Renewable power producer Terra-Gen and EPC firm Mortenson have announced the substantial completion and start of the Edwards & Sanborn Solar + Energy Storage project, the largest solar + storage project in the United States. Mortenson was the full engineering, procurement and construction (EPC) contractor on both the solar and energy storage scopes. This project […] Read more
PM Modi Announces Scheme To Install Rooftop Solar On 1cr Households Updated On Mon, Jan 22nd, 2024 by Saurenergy Days after the Ministry of New and Renewable Energy (MNRE) increased its subsidies for Residential Rooftop Solar, Prime Minister Narendra Modi today announced a dedicated scheme to boost the sector. Modi named the scheme ‘Pradhanmantri Suryodaya Yojana’. As per the announcement of the Prime Minister, under this scheme, the Indian government would target to install […] Read more
Amazon’s Portfolio Can Power 7.2 million US Homes Each Year: Report Updated On Mon, Jan 22nd, 2024 by Saurenergy Amazon, a corporate company in the United States (US) invested in more than 100 new solar and wind energy projects in 2023, becoming the one of the corporate purchasers of renewable energy for the fourth year in a row. Amazon claims these investments include the company’s first brownfield project—which will repurpose a previously polluted Maryland […] Read more
Inflation Reduction Act to create 67,000 jobs & $2 billion income in rural US: Report Updated On Mon, Jan 22nd, 2024 by Saurenergy Inflation Reduction Act was signed into law in the United States in August 2022. The act aims to set newer policy measures to reduce carbon emission, improve healthcare and taxpayer compliance. It also allocates money directly to environmental justice priorities. According to McKinsey, the Inflation Reduction Act is the third piece of legislation in the […] Read more
