Octopus Energy, Nest And GLIL Invest £200 Million In Hornsea One Updated On Mon, Aug 8th, 2022 by Saurenergy Octopus Energy Generation’s fund management group has invested £200 million in Hornsea One. For a sum of £400 million, the company has purchased a 12.5% share from Global Infrastructure Partners through a joint venture with GLIL Infrastructure, which is also contributing £200 million. A £3.6 billion fund called GLIL makes infrastructure investments on behalf of […] Read more
World’s First Subsidy-Free Offshore Wind Farm In Netherlands Produces First Power Updated On Mon, Aug 8th, 2022 by Saurenergy The 1.5GW Hollandse Kust Zuid offshore wind farm, the first subsidy-free offshore wind farm in the world, has started producing power and supplying it to the Dutch electrical grid. Swedish power company Vattenfall won the right to build all four allotments in the Hollandse Kust Zuid. No financial aid from the government was required or […] Read more
X-ELIO Awarded 15 MW First Feed-In-Premium Auction In Japan Updated On Mon, Aug 8th, 2022 by Saurenergy Spanish renewable energy developer company X-ELIO has received 15 MW from the Ministry of Economy and Trade Industry (METI) in Japan’s first Feed-in-Premium (FIP) auction, which awarded 153.7 MW of new solar PV capacity. This first FIP auction since COD saw the award of the company’s 15 MW project. The predicted start date for commercial […] Read more
$26M Investment In RE Grid Demonstration Projects By Biden Administration Updated On Mon, Aug 8th, 2022 by Saurenergy US President Joe Biden has announced a US $26M investment to demonstrate that the US electricity grid can be run fully on renewables and energy storage. The program will investigate how renewable energy can sustain grid dependability and allow it to stay connected during disturbances or reboot it in the event of a shutdown through […] Read more
Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures Updated On Fri, Aug 5th, 2022 by Saurenergy Terabase Energy, a US-based start-up, has raised USD $44 million in a Series B investment round led by Bill Gates’ Breakthrough Energy Ventures and venture capital company Prelude Ventures, among others, to accelerate the commercialization of its automated solar park building technology. The increase brings the company’s total funding to US$52 million, up from US$6 […] Read more
Spain Announces 4th Round Of RE Auction For 1.8GW Of Solar Capacity Updated On Thu, Aug 4th, 2022 by Saurenergy Spain has scheduled its fourth renewable energy auction round for November 22. The sale will feature 1.8GW of solar capacity to hasten the country’s power system’s decarbonization. Nearly 3GW of solar capacity was won in the first two previous auctions for solar and wind energy, held in 2021. The Ministry of Ecological Transition (MITECO) has […] Read more
Australia Steps Up New Initiatives Towards Net Zero By 2050 Updated On Thu, Aug 4th, 2022 by Saurenergy In a significant break from the previous administration, the Australian federal government has proposed legislation that will secure Australia’s pledge to reach net zero by 2050 as well as provide greater monitoring and accountability over climate change progress. The Climate Change Bill 2022, as it is known, consists of four essential provisions that the MPs […] Read more
Ampt Files Two Lawsuits Alleging Patent Infringement By SolarEdge Updated On Thu, Aug 4th, 2022 by Saurenergy United States-headquartered power optimizer company, Ampt has filed two patents infringement lawsuits against SolarEdge in the United States. The lawsuit has been filed with the US International Trade Commission (ITC), asking for a restriction on imports of SolarEdge’s power systems and components infringing Ampt’s patents. At the same time, Ampt has also filed a similar […] Read more
European Bank To Invest $21.4M In Azerbaijan’s Solar Plant Updated On Wed, Aug 3rd, 2022 by Saurenergy The European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA), and the Abu Dhabi Fund for Development (ADFD) have all approved a finance package of $114.2 million (USD) to help Azerbaijan diversify its energy mix. The funds will facilitate a 230 MW photovoltaic (PV) solar power […] Read more
