Adani Green Q2 Results- Profits Grow 49% As Strong Solar Growth Continues Updated On Fri, Nov 11th, 2022 by Saurenergy Adani Green Energy Limited, the renewable development arm of the Adani group that has set a 45 GW capacity target for 2030, has announced its Q2 FY23 results. Operational capacity has grown to 6724 MW during the quarter. Revenues from power supply jumped 33% over the corresponding quarter in Fy22, going to Rs 1107 crores […] Read more
Source Galileo JV Sets Sights on 5 GW Renewable Energy Development Updated On Thu, Nov 10th, 2022 by Saurenergy Source Galileo- a Joint Venture between Source Energie and Galileo, is looking at developing over 5 GW of offshore and onshore renewable energy and storage projects in Ireland, Norway, and the UK. Source Energie looks into developing and bringing large new energy projects into operation and Galileo Green Energy is a pan-European, multi-technology, renewable energy developer, owner, and operator. Development activities […] Read more
Erisha E Mobility in JV with German Partner Greenbox for Green Hydrogen Business Updated On Thu, Nov 10th, 2022 by Saurenergy Erisha E Mobility, an entity of Rana Group, that envisions manufacturing, distributes, and exports electric vehicles segment and hydrogen fuel cell buses, has entered into a Joint Venture with German partner Greenbox Global Holding (Greenbox), incorporating Erisha Hydrogen India Private Limited. What the JV offers The JV aims to offer solutions for sustainable energy production, […] Read more
OYA Renewables, Oil Well Shares Form JV to Develop 3 GW Renewables Updated On Thu, Nov 10th, 2022 by Saurenergy North American energy transition solutions platform, OYA Renewables and Appalachian-based energy major Oil Well Shares have announced the formation of Chrysalis Energy, a joint venture by the two for the development and construction of community and utility-scale solar, wind and energy storage infrastructure projects across the PJM region. PJM is part of the Eastern Interconnection […] Read more
MSEDCL Gives LoA to TPREL for Setting up 150 MW Solar Plant in Maharashtra Updated On Thu, Nov 10th, 2022 by Saurenergy The Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) has awarded the “Letter of Award” (LoA to TPREL) to Tata Power subsidiary Tata Power Renewable Energy for the construction of a 150 MW solar project in Solapur. According to a statement released by Tata Power, the project will be put into service within 18 months of […] Read more
Corporate Renewable Procurement of 7 GW Sets New Record in Asia Pacific Updated On Thu, Nov 10th, 2022 by Saurenergy A study authored by Kyeongho (Ken) Lee, Principal Analyst, Asia Pacific Power & Renewables at Wood Mackenzie reveals that Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. This is an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand is largely driven by ambitious […] Read more
Bank Of America, Crossboundary Partner for RE Expansion Across Africa Updated On Thu, Nov 10th, 2022 by Saurenergy Renewable energy players, governments and financial institutions are leaving no stone unturned to expand the deployment of RE through pacts and agreements on the sidelines of COP-27. African renewable energy conglomerate CrossBoundary Energy has announced in Sharm el-Sheikh, Egypt at the COP27 about their intention to explore financing solutions with Bank of America to rapidly […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
Siemens Energy Announces €4 Billion Tender Offer For Siemens Gamesa Updated On Wed, Nov 9th, 2022 by Saurenergy Spanish stock market regulator CNMV (Comisión Nacional del Mercado de Valores) has announced that it has authorised the EUR 4.05 billion ($4 billion) bid of Siemens Energy for the purchase of the shares in Siemens Gamesa which is a registered entity in Spain. A third of the shares in Siemens Gamesa is not owned by […] Read more
