Canada, India Sign MoU On RE, Leave Coal Problem For A Deal In Future Updated On Fri, Jun 3rd, 2022 by Saurenergy Canada and India signed an Memorandum of Understanding on Thursday to mutually cooperate to make Renewable Energy a reliable source of electricity. However, the coal generated power is conspicuously absent from the MoU, raising several eyebrows since Canada is leading a global movement to end the burning of coal for electricity and India is the […] Read more
LG Energy Solution to set up EV battery JV with Stellantis in Canada Updated On Thu, Mar 24th, 2022 by Saurenergy South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest 1.8 trillion won ($1.48 billion) to set up a joint venture with Stellantis NV in Windsor, Canada. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first […] Read more
Canadian Firm Closes $10M Series A to Expand Lithium Refining Capacity Updated On Tue, Nov 23rd, 2021 by Saurenergy Mangrove Lithium, a Vancouver based company, has closed a USD $10 million Series A investment round led by Breakthrough Energy Ventures (BEV) with participation from existing investor BDC Capital’s Cleantech Practice (BDC). The company will use the investment to build its first operational, commercial-scale plant with the intention of expanding lithium refining capacity in the Western […] Read more
Canadian PE Fund Brookfield Offers $9.6 B to Take Over AusNet Updated On Mon, Sep 20th, 2021 by Saurenergy Update: ASX-listed energy infrastructure firm APA Group has launched a rival $10 billion takeover offer for the utility business Australian energy company AusNet Services has received a proposal, worth $9.6 billion, from the infrastructure affiliate of Brookfield Asset Management to acquire all of the issued shares in AusNet at an indicative price of $2.50 cash per […] Read more
New Research Accelerates Development of Organic Solar Cells Updated On Mon, Aug 16th, 2021 by Saurenergy A team of researchers is working to replace heavy and expensive silicon solar cells currently being used in the solar industry with light and low-cost organic solar cells – made from materials and elements found in plants and animals – which could help in the battle against climate change. Most of today’s solar cells are made from […] Read more
Canadian Solar Wins 45 MWh Energy Storage Project in Colombia Updated On Tue, Jul 13th, 2021 by Saurenergy Canadian Solar Inc., a solar PV module manufacturer in Canada, has won its first-ever utility-scale battery storage project in Colombia with a capacity of 45 MWh. The project was awarded in the public tender floated by Colombia’s Ministry of Energy and Mines via its affiliate UPME, the Mining, and Energy Planning Unit. Located in the […] Read more
Wind & Solar to Produce 90% Electricity in North America by 2050: NARIS Updated On Wed, Jun 30th, 2021 by Saurenergy Canadian Renewable Energy Association (CanREA) has welcomed the release of the North American Renewable Integration Study (NARIS), considered to be the most comprehensive long-term analysis of power system evolution to date on the North American grid. NARIS shows that, between now and 2050, solar energy and wind energy are poised to contribute the greatest proportion […] Read more
Canada Launches $800 M RE & Grid Modernisation Program Updated On Fri, Jun 4th, 2021 by Saurenergy Seamus O’Regan Jr., Canadian Minister of Natural Resources, recently launched a CAD 964 million (USD 800 mn) program that will support smart renewable energy and grid modernisation projects over four years, aiming to lower emissions and help the country achieve carbon neutrality by 2050. “Our new Smart Renewables and Electrification Pathways Program will increase our […] Read more
Canadian Solar Financial Results Q1 FY21 Out; 32% YoY Rise in Revenue Updated On Fri, May 21st, 2021 by Saurenergy Guelph-headquartered solar PV modules manufacturer Canadian Solar Inc. yesterday announced its financial results for the quarter ended March 31, 2021, reporting a 32% YoY increase in revenue and a net income of $23 million. In Q1 2021, the company’s solar module shipments were 3.1 GW, compared to guidance of 3.0 GW to 3.2 GW. Net revenue […] Read more
