Iberdrola Secures €550 Million Loan For Renewable Projects In Spain Updated On Tue, Jul 26th, 2022 by Saurenergy Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […] Read more
Orsted Acquires Ostwind; Eyes Key Markets in Europe Updated On Mon, Jul 25th, 2022 by Saurenergy Renewable energy player Orsted has announced the signing of an agreement with Germany based Ostwind, a leading German developer, owner, and operator of onshore wind and solar power projects in Germany and France. For a consideration of EUR 689 million, Orsted will acquire a 100 % equity interest in OSTWIND Erneuerbare Energien GmbH, OSTWINDpark Rotmainquelle GmbH & […] Read more
MERC Turns Down Tata Power Petition Seeking Approval Of Part Commissioning Of Wind Power Project Updated On Fri, Jul 22nd, 2022 by Saurenergy The Petition Tata Power Ltd- Distribution (TPC- D) had filed a petition on March 31, 2022 seeking relaxation of the Request for Selection (RFS) norm and approval for the partial commissioning of 96.15 MW of wind power from a 225 MW Long Term Hybrid Project (RPO). The MERC Mandate As per the mandate of […] Read more
Enel Completes First ‘Wind Plus Storage’ Project Updated On Thu, Jul 21st, 2022 by Saurenergy Enel Green Power North America has announced the completion of its first large-scale hybrid wind project, Azure Sky Wind + Storage, as well as the addition of battery storage facilities at the operating Roadrunner and High Lonesome renewable project sites, helping ensure energy availability for Texans amid high demand periods. “We’re committed to connecting Texans […] Read more
AP Identifies 29 Locations For 33 GW PSP Projects Updated On Mon, Jul 18th, 2022 by Saurenergy Andhra Pradesh has identified about 29 locations across the state for development of Pumped Hydro Storage Projects (PSP) totaling the capacity of 33 GW in 1.45 lakh acres of land in Kadapa, Kurnool, Anantapur districts. Rolling out the PSP projects, Non-Conventional Energy Development Corporation of Andhra Pradesh Limited will help lease around 5 lakh acres […] Read more
Lowest Tariff Of Rs. 2.84/kWh Discovered In GUVNL 500 MW Wind Auction Updated On Mon, Jul 18th, 2022 by Saurenergy In Gujarat Urja Vikas Nigam’s (GUVNL) auction to buy power from 500 MW of grid-connected wind power projects, Rajpur Renewables, Juniper Green Energy, Solarcraft Power India 3, O2 POwer, TEQ Green Power XII, ACME Pokhran Solar, and Project Twelve Renewable Power were proclaimed winners (Phase-III). The greenshoe option for the tender had an additional capacity […] Read more
Two RWE Projects Selected For EU Innovation Fund Grants Updated On Mon, Jul 18th, 2022 by Saurenergy Renewable energy player RWE has said that two of its innovative projects have been pre-selected for funding by the EU Innovation Fund. The fund is claimed to be one of the world’s largest programmes for demonstrating innovative low-carbon technologies. These are RWE’s FUREC project in the Netherlands and an offshore wind farm off the German […] Read more
Mainstream And Aker Offshore Wind Join Hands For 27-GW Portfolio Updated On Mon, Jul 18th, 2022 by Saurenergy Renewable energy players Mainstream Renewable Power and Aker Offshore Wind have announced that they have inked an agreement to combine the two companies to create a stronger renewable energy company with a 27 GW portfolio. The official statement of the companies holds that the new company will foray into solar, onshore wind and bottom-fixed and […] Read more
Apollo Invests $175 Million in Summit Ridge Energy For Community Solar Projects Updated On Thu, Jul 14th, 2022 by Saurenergy Global conglomerate Apollo Global Management has revealed that it will be making an investment worth $175 million in Summit Ridge Energy, a leading owner-operator of community solar assets. Since it came into being in 2017, Summit Ridge has formed two joint ventures totaling more than $1 billion in permanent project capital. It has also expanded […] Read more
