Tech Firm Lancium Raises $150M to Advance Decarbonisation Solutions Updated On Wed, Nov 24th, 2021 by Saurenergy Lancium Technologies Corporation, a technology firm focused on energy transition, has announced that it has closed $150 million in financing from leading energy companies and investors. Hanwha Solutions, a South Korean provider of clean energy solutions and owner and operator of Q CELLS, led this financing round. Lancium also received support from Novawulf and other […] Read more
France, UAE to Join Forces on RE and H2 Projects Updated On Mon, Nov 22nd, 2021 by Saurenergy French finance minister Bruno Le Maire said on Sunday that France will work with the United Arab Emirates (UAE) on new projects in the energy sector including renewables and hydrogen fuel. “Reaching zero carbon emissions by 2050 is an important goal, and we want to work with the UAE on this fight on climate change,” […] Read more
ADNOC, TAQA Partner to Reach 30 GW RE Capacity by 2030 Updated On Thu, Nov 18th, 2021 by Saurenergy Abu Dhabi National Oil Co (ADNOC.UL) and Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) have formed a strategic partnership on clean energy, aiming to have 30 gigawatts of renewable capacity by 2030, the companies said on Wednesday. The new collaboration between ADNOC and TAQA will focus on domestic and international renewable energy and waste-to-energy projects, […] Read more
UK Climate Investments, Norfund Invest in South African Wind Portfolio Updated On Tue, Nov 16th, 2021 by Saurenergy Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around […] Read more
NTPC, Indian Oil Collaborate on Renewable Energy Updated On Mon, Nov 15th, 2021 by Saurenergy NTPC Ltd. and Indian Oil have signed a memorandum of understanding (MoU) to collaborate in the field of renewable energy and mutually explore opportunities for the supply of low carbon/RE RTC captive power. This is a first-of-its-kind novel initiative by two leading national energy majors of India, to support the country’s commitment to achieve renewable […] Read more
Microsoft, AES to Bring Around-the-clock RE to Data Centers Updated On Wed, Nov 3rd, 2021 by Saurenergy The AES Corporation has signed a 15-year agreement with tech company Microsoft to support the company in achieving its 100/100/0 by 2030 goal. Microsoft, one of the world’s largest purchasers of renewable energy, will use the around-the-clock renewable energy provided through this agreement to power its data centers located in Virginia. The structure of the […] Read more
Turkey Plans to Add 1000 MW Solar Capacity by 2022 Updated On Tue, Nov 2nd, 2021 by Saurenergy Turkey will increase the share of renewable sources in energy production starting from 2022, Yeni Shafak, a leading local daily has reported. The highest capacity rise for 2022 is expected to be seen in solar energy production with around 1,000 megawatts, the report added. The Energy and Natural Resources Ministry’s strategic plan for 2023 aims […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
ArcelorMittal Nippon Steel India to Foray into RE Soon Updated On Fri, Oct 22nd, 2021 by Saurenergy ArcelorMittal Nippon Steel India is planning to enter the renewable energy segment as part of its expansion plans in India, according to media reports. “We are looking at making a foray into renewable energy. This would be as part of our sustainability approach,” Dilip Oommen, CEO, ArcelorMittal Nippon Steel India (AMNS), was quoted as saying […] Read more
