EDP Renewables & Walmart Sign 15-yr PPA For 180 MW Texas Solar Plant Updated On Wed, Mar 27th, 2024 by Saurenergy EDP Renewables North America LLC and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a portion of a new 180-megawatt (MWac) solar project in Texas. Under the PPA, Walmart will be an offtaker for 162 MWac, complementing its current corporate procurement from EDPR NA projects of 233 MWac of utility-scale solar and […] Read more
Sterlite, GIC Enter JV To Create Power Transmission Platform In India Updated On Wed, Mar 27th, 2024 by Saurenergy Sterlite Power and Singapore based GIC announced a joint venture to create a power transmission platform in India. Sterlite Power, a private power transmission developer, and an affiliate of GIC entered into a definitive agreement signing. Their agreement was undertaken to set up a new platform to develop and operate power transmission projects in India. […] Read more
Gensol Appoints Kapil K Nirmal As CEO Of Its Middle-East Solar Business Updated On Wed, Mar 27th, 2024 by Saurenergy Solar sector firm, Gensol Engineering Limited has announced the appointment of Kapil K Nirmal as the new CEO of its Middle East Solar EPC business. “With an extensive 18-year background in business development and project implementation across major organisations in the Middle East, including Emirates Electrical Engineering LLC and Al Rostamani Group, Mr. Nirmal is […] Read more
TotalEnergies & SINOPEC Ink Deal For Sustainable Jet Fuel In China Updated On Wed, Mar 27th, 2024 by Saurenergy TotalEnergies and China Petroleum and Chemical Corporation (“SINOPEC”) have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at SINOPEC’s refinery in China. The planned unit, jointly owned by SINOPEC and TotalEnergies, will have the capacity to produce 230,000 tons of SAF per year and will process local […] Read more
NTPC, JBIC Collaborate To Finance Renewable Energy Project In India Updated On Wed, Mar 27th, 2024 by Saurenergy Japan Bank for International Cooperation (JBIC) Governor, HAYASHI Nobumitsu has signed a loan agreement that amounts to up to JPY15 billion of which JBIC’s portion is JPY9 billion, with NTPC Renewable Energy Limited (NREL) of India. The loan is co-financed with Sumitomo Mitsui Banking Corporation and the Bank of Fukuoka, Ltd. JBIC also claims to […] Read more
Stonepeak & Shizen Energy To Form Asian Onshore Wind Platform Updated On Wed, Mar 27th, 2024 by Saurenergy Alternative investment firm Stonepeak has completed an investment in TerraWind Renewables, an onshore wind energy platform, in partnership with Shizen Energy Inc, a Japanese renewable energy company. As part of the transaction, Stonepeak has acquired an 80% interest in TerraWind, with Shizen Energy retaining the remaining 20% interest in the business. TerraWind will focus on […] Read more
DERC New Guidelines Lays Costs On Distributors For Under 11kV Project Updated On Wed, Mar 27th, 2024 by Saurenergy The Delhi Electricity Regulatory Commission (DERC) recently amended guidelines that is called Delhi Electricity Regulatory Commission (Group Net Metering and Virtual Net Metering for Renewable Energy) (Fifth Amendment) Guidelines, 2024. These guidelines are expected to come into effect from 1st April 2024 and remain in force till further amendments. The DERC’s recent notification amendment was […] Read more
US Deploys Seventh GW Scale Sunrise Wind Offshore Commercial Project Updated On Wed, Mar 27th, 2024 by Saurenergy The Biden-Harris administration has announced the approval of the Sunrise Wind offshore wind project which is the nation’s seventh commercial-scale offshore wind project. The Sunrise Wind offshore project is led by the Department of the Interior under President Biden’s leadership. These seven projects have the potential to provide more than 8 gigawatts of clean, renewable […] Read more
JSW Renewable Energy Acquires 45 MW Maha Wind Farm From Reliance Power Updated On Wed, Mar 27th, 2024 by Saurenergy JSW Renewable Energy, a subsidiary of JSW Neo Energy has acquired a 45 MW Vashpet wind project from Reliance Power in Maharashtra’s Sangli. The company announced the acquisition from Reliance Power and further said that the transaction has been executed as a going concern on a slump sale basis. JSW Energy aims to achieve 20 […] Read more
