Savannah Energy sings pact with Chad to develop 500 MW renewable projects Updated On Thu, Jun 2nd, 2022 by Saurenergy British energy company Savannah Energy has announced the signing of an agreement with the Ministry of Petroleum and Energy of Chad for the development of up to 500 MW of renewable energy projects. The projects will supply electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad, and the […] Read more
US and Germany Set Offshore Wind Target Of 30 GW By 2030 Updated On Thu, Jun 2nd, 2022 by Saurenergy Close on the heels of the G7 meeting in Berlin, German and US officials last week inked a joint declaration on how to walk together in the area of climate and energy, after forming four working groups earlier this year in preparation for the partnership, two of which are specifically dedicated to offshore wind and […] Read more
Renewable Power Capital buys 528 MW wind farms for €800 million Updated On Thu, Jun 2nd, 2022 by Saurenergy UK based Renewable energy player Renewable Power Capital (RPC) has announced that it has acquired a cluster of wind energy projects with a combined capacity of 528-MW located in the Kramfors and Solleftea municipalities of Sweden for a value of €800 million. This includes the acquisition of the projects and the commitment of the capital required […] Read more
Rural Renewables Focused OMC Power Raises Funding From Japan’s Chubu Electric Updated On Thu, Jun 2nd, 2022 by Saurenergy Indian rural renewable energy service firm, OMC Power has announced getting financial backing for their planned expansion of green energy production, storage, and distribution portfolio in rural India. Chubu Electric Power Co., Inc., which is the 3rd Largest Power Generation Firm in Japan, has made this investment through a Share Subscription Agreement with OMC Power. Chubu […] Read more
Latin America Preaches RE, Yet Practises Fossil Fuels Updated On Thu, Jun 2nd, 2022 by Saurenergy Perpetually in two minds, although the Latin American Governments have appeared to be committing to renewable targets, yet their actions are just the opposite. According to the International Energy Agency (IEA) that it will need US$1 trillion per year between now and 2050 to finance energy transition in Latin America, compared to the $150 billion […] Read more
EnergyLOOP By Inerdrola and FCC Ambito To Recycle Wind Turbine Blades In Spain Updated On Thu, Jun 2nd, 2022 by Saurenergy EnergyLOOP will recycle the renewable components of the wind turbine blades for reuse in as many sectors as possible solving the long term challenges facing Spain. Launched by Iberdrola and FCC Ámbito, EnergyLoop is an initiative meant for energy transition and ensure circular economy in Spain gearing up for installation of the first blade recycling […] Read more
India-Ra Report Predicts Rs 59,000 Crore Losses At Discoms in Fy 21-22 Updated On Thu, Jun 2nd, 2022 by Saurenergy India Ratings Research (Ind-Ra) has released a ready reckoner on financial health of discoms for 2021-22. Ind-Ra has used the data from Power Finance Corporation Limited’s (PFC) report on Performance of State Power Utilities 2019-20, tariff orders from state electricity regulatory commissions and annual reports to carry out the analysis and make FY22 estimates. In […] Read more
One In Every Two EVs Sold Will Have Electric Powertrain By 2030 Updated On Thu, Jun 2nd, 2022 by Saurenergy Electric vehicles are gaining share so fast in China that one in every two cars sold will have an electric powertrain by 2030. The EV sales in China are projected to cross six million units by the end of this year. India is aiming to have 30 per cent of its passenger vehicle sales as […] Read more
Norway Launches New Renewable Energy Investment Fund For Developing Countries Updated On Thu, Jun 2nd, 2022 by Saurenergy South Africa is expected to get a fresh spell of investments in the renewable energy segment that will help the country to increase the green energy in its energy basket and decrease carbon emission. This is because Norway will make funds available from its climate investment fund to the developing countries for the development of […] Read more
