KKR buying RE firm ContourGlobal for £1.75 billion Updated On Thu, May 19th, 2022 by Saurenergy Leading investment firm Kohlberg Kravis Roberts & Co (KKR) has announced that it is buying ContourGlobal, a renewable energy company. The deal is for £1.75 billion. According to KKR, the company is offering shareholders of ContourGlobal 263.6p for every share. This offer price represents a 36 per cent premium to the last closing price of […] Read more
CERC Allows Petition Of Karur Transmission Ltd Updated On Thu, May 19th, 2022 by Saurenergy The Central Electricity Regulatory Commission (CERC) allowed on May 17 the petition of Karur Transmission Ltd that the transmission charges for the project should be adopted because it was selected through a competitive bidding process. Karur Transmission Ltd had moved the CERC to examine whether the process as per provisions of the guidelines has been […] Read more
Air Liquide, Shell Sign 10-Year Agreement for Renewable Electricity in Italy Updated On Thu, May 19th, 2022 by Saurenergy Air Liquide has announced that it has signed a ten-year contract with Shell Energy Europe Limited for the purchase of renewable energy to power industrial and medical gas production operations in the North East of Italy. For ten years, starting 2023, Air Liquide will purchase 52 GWh per year of solar photovoltaic renewable energy from […] Read more
UK Carbon Capture Firm Storegga Raises £51.3m Funding Updated On Wed, May 18th, 2022 by Saurenergy UK cleantech and renewable energy firms continue to get foreign capital every day. UK carbon capture firm Storegga has announced a £51.3m funding boost on May 17 from a host of international backers, a report mentioned adding further that UK firms enjoyed the confidence of international investors counting on it to drive the transition to […] Read more
Gallium Nitride Makes Progress As A Substitute To Elevated Lithium Prices Updated On Wed, May 18th, 2022 by Saurenergy Since Lithium has become far too dear to afford, Gallium Nitride is being considered by many as a substitute. It not only offers higher energy density but also saves on weight. Tesla CEO Elon Musk will probably be pondering the question, as even as traded lithium carbonate prices climbed 413 percent between January and December […] Read more
Germany’s Third Rooftop PV Tender Earns Price Of Rs 6.96/kWh Updated On Wed, May 18th, 2022 by Saurenergy Germany’s solar procurement exercise has come to its end with the final prices hitting €0.07/Rs 5.71 ($0.073)/kWh to €0.0891/kWh. Results of third tender for rooftop PV projects ranging in size from 300 kW to 750 kW are out. Reviewing 171 bids with a total capacity of 212 MW, Germany’s Federal Network Agency (Bundesnetzagentur) selected 163 […] Read more
Danfoss India Launches First Privately Owned Grid Scale Energy Storage System Updated On Wed, May 18th, 2022 by Saurenergy Danish owned Danfoss India recently opened India’s first privately owned and operated grid-scale battery-based Energy Storage System (ESS) at its Oragadam campus in Chennai to store the excess energy generated by renewables (solar power plant) installed inside the campus. The ESS has been engineered using Danfoss’ sustainable Drives technology, according to a statement. Jurgen Fischer, […] Read more
ACEN, Puri Usaha Group partner to develop RE in Indonesia Updated On Wed, May 18th, 2022 by Saurenergy Ayala Group’s listed energy platform, ACEN and the Puri Usaha Group have announced that they will work together on a platform for the joint development of renewable energy projects in Indonesia focusing on large-scale solar power plants, battery energy storage systems and green hydrogen projects. ACEN says that the plan is subject to applicable regulatory […] Read more
Construction Of World’s Largest Integrated RE Storage Project Started In AP Updated On Tue, May 17th, 2022 by Saurenergy Construction of the world’s largest and first of its kind renewable energy storage project began at Kurnool in Andhra Pradesh on May 17. With a pumped storage capacity of 10,800MWh per day, the 5230 MW renewable energy generation project is coming up at an investment of $3 billion by Hyderabad based developer Greenko Group by […] Read more
