Saudi Arabia’s ACWA Power to Sign $2.4 Billion Wind Project Deal in Uzbekistan Updated On Thu, Aug 18th, 2022 by Saurenergy Saudi Arabia based utility developer ACWA Power has said in a disclosure on Tadawul bourse that the company has signed a Heads of Terms (HoT) Agreement with Uzbekistan for the development of a 1500 MW wind energy project. As per the disclosure, the deal will be signed with the Ministry for Energy and Ministry of […] Read more
ReNew Energy Raises $1 Billion Loan For 1300 MW RTC Project Updated On Thu, Aug 18th, 2022 by Saurenergy ReNew Energy Global plc has announced that it has tied up with 12 international lenders, led by Rabobank- a Dutch multinational banking and financial services company, for the largest External Commercial Borrowings (ECB) project finance loan in the country’s renewable sector, for any single project. The US$ 1-billion loan project has been tied up through […] Read more
Offshore Wind Market Player Magnora Gets Authorisation To Develop Solar Project In South Africa Updated On Wed, Aug 17th, 2022 by Saurenergy Norway-based renewable energy player Magnora ASA has announced that one of its solar power projects in South Africa has been granted environmental authorization, which it claims to be a major milestone for the project. According to the official statement of Magnora, the approved solar project will have a total installed capacity of approximately 260 MW […] Read more
JSW Energy To Buy Renewable Portfolio Of London Based Mytrah Energy Updated On Tue, Aug 16th, 2022 by Saurenergy Sajjan Jindal-led JSW Energy has inked a pact for the acquisition of the 1,753 MW renewable energy portfolio of Mytrah Energy. The deal comes at a price of Rs 10,530 crore. This is the largest acquisition ever by JSW Energy in this segment. The information has been revealed by JSW Energy in a regulatory filing. […] Read more
German Energy Major RWE Invests USD 2 Billion In Renewables, Sees Profits In H1 Updated On Tue, Aug 16th, 2022 by Saurenergy In 2021, the German energy giant RWE onshore renewables segment underwent a significant overhaul. The division returns to profitability in the first half of 2022 after a weak first half of the 2021 result. The company claims that it invested €2 billion (US$2.04 billion) in the growth of its green portfolio during the first half […] Read more
Inflation Reduction Act (IRA) 2022: A Bill To Make US ‘The Clean Energy Leader’ Updated On Tue, Aug 16th, 2022 by Saurenergy On August 7, 2022, the US Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022 after a series of discussions and debates between the Democrats and Republicans. What makes the Bill more interesting is its special focus on climate friendly provisions. Climate action has been a priority ever since President Joe Biden came […] Read more
Coal Miner Seriti Resources Acquires Majority Stake In Windlab Africa Updated On Tue, Aug 16th, 2022 by Saurenergy South Africa’s leading coal miner, Seriti Resources has said that it has agreed to acquire a majority stake in wind and solar-powered assets of Windlab Africa- a wind energy site developer, through its subsidiary Seriti Green. Seriti is looking at lowering its carbon footprint and ensuring long-term sustainability as a diversified energy producer. Windlab Africa […] Read more
BREDA Issues Tender For Solar With Battery Energy Storage Solution In Bihar Updated On Tue, Aug 16th, 2022 by Saurenergy Bihar Renewable Energy Development Agency (BREDA) has issued a tender for engagement of consulting firm for providing consultancy services for setting up 200 – 250 MW solar power plants with Battery Energy Storage Solution at each Kajra (Lakhisarai) and Pirpainti (Bhagalpur) locations in the state of Bihar. The last date for submitting the online bid […] Read more
Leading RE Producer EDF Energy Takes Solar Storage Project Online Updated On Fri, Aug 12th, 2022 by Saurenergy The 457 MW solar “Palen Solar Project” by EDF Renewable Energy, a leading renewable energy producer based out of the UK, has reached full power operation. The solar project is situated on public land in Riverside County that the US Bureau of Land Management (BLM) has determined to be suitable for the development of renewable […] Read more
