BlackRock Real Assets Takes Over South Korean Offshore Wind Developer Updated On Fri, Jul 16th, 2021 by Saurenergy A New York-based investment management company, BlackRock Real Assets today announced that it has taken over Korea Renewable Energy Development & Operation Holdings Co Ltd (KREDO Holdings). The global investment manager has made it its first-ever investment in the South Korean offshore wind sector with this acquisition. Also, it plans to spend more than USD […] Read more
APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation Updated On Wed, Jul 14th, 2021 by Saurenergy The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […] Read more
As NIMBY Spreads To Solar In the UK, Power Roll’s Super Thin Solar Film Offers A Way Updated On Tue, Jul 13th, 2021 by Saurenergy Thin Film solar has always occupied space as a miracle solar solution, if only if it was as efficient and cheap. It seems we might be getting close to that situation soon. And driving it there is a resistance building up towards conventional ground mounted solar, as communities in the UK have resented the land […] Read more
Wind Farms in Brazil’s Northeast Hit New Peak Generation Record, Again! Updated On Mon, Jul 12th, 2021 by Saurenergy The Brazilian Northeast wind parks generated their peak —11,548 MW — at 23:56 local time on July 8, according to data from the National Electric System Operator (ONS). The volume produced by wind parks accounted for 99.2% of the regional need. This is the second time the region has broken its generation record this month. The previous […] Read more
BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa Updated On Mon, Jul 12th, 2021 by Saurenergy New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […] Read more
Tata Power, Azure Win MSEDCL Hybrid Tender With Rs 2.62 Bid Updated On Mon, Jul 12th, 2021 by Saurenergy Tata Power (TP Saurya Limited) and Azure Power have edged out RenEw Power to win the Hybrid MSEDCL tender for wind and solar combined. The winning bidders came in with bids at Rs 2.62, a paisa lower than RenEw Power’s Rs 2.63 bid. The tariff is less than 10 percent higher than the one discovered […] Read more
Power Equipment Major Alfanar Acquires Wind Energy OEM Senvion India Updated On Thu, Jul 8th, 2021 by Saurenergy Saudi power equipment major Alfanar has made a formal entry into India’s energy sector through its 100% acquisition of wind turbine OEM Senvion India from Senvion GmbH. The acquisition was made through Global Renewable Energy Development Holding Company Limited (GREDHCL), a dedicated investment vehicle set-up by promoters of Alfanar. Announced back in December 2020, the […] Read more
NTPC, ONGC To Focus On Offshore Wind Energy Developments ? Updated On Mon, Jul 5th, 2021 by Saurenergy News reports have quoted state-owned National Thermal Power Corporation Ltd (NTPC) and the Oil and Natural Gas Corporation Limited (ONGC) joining together for the development of offshore wind energy in the country. For ONGC, the national oil explorer, any tie-up is considered relevant as power generation has not been its forte, and offshore wind offers […] Read more
Azure Power Secures $163 Million Investment for 300 MW Solar Project Updated On Fri, Jul 2nd, 2021 by Saurenergy NYSE listed Azure Power, has secured a USD 163 million investment led by Tokyo-headquartered Mitsubishi UFJ Financial Group (MUFG). This investment is five-year syndicated financing for a 300 MW solar plant to be developed in Rajasthan. With this, Azure follows Adani Green energy in getting MUFG on board. MUFG is the third renewables project financing […] Read more
