News Briefs Nov 28- Indonesia’s 75 GW RE target, KKR Acquires Encavis, SolarZero Drops to Zero Updated On Thu, Nov 28th, 2024 by Saurenergy Indonesia Plans 75 GW of RE By 2040 One of the few bright spots from the G20 meet meet in Brazil was the announcement by Indonesian president Prabowo Subianto, of a 75GW renewable energy capacity target for the country. Solar is expected to be a key part of this 75 GW target, which will also […] Read more
InvIT: IndiGrid Gets Investment Commitments From AIMCo, HDFC, Others Updated On Wed, Aug 28th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), recently launched its preferential issue process following the successful conclusion of the Offer-for-Sale (OFS) by its sponsor, KKR. IndiGrid has received investment commitments from Alberta Investment Management Corporation (AIMCo), one of Canada’s leading institutional investment managers, and HDFC Life, an insurance provider, for investments of Rs. 567 […] Read more
Serentica Invites Worldwide EoI for 800 MWh Standalone Battery Energy Storage Updated On Thu, Jun 27th, 2024 by Saurenergy Serentica Renewables has invited expressions of interest (EoI) to set up interstate transmission system-connected Battery Energy Storage Systems (BESS) to supply 800 MWh of battery capacity to Serentica’s round-the-clock green energy projects. Serentica is seeking technical partners worldwide to supply state-of-the-art Battery Energy Storage Systems capable of delivering reliable energy storage. The projects will comprise […] Read more
News Briefs May 22 – KKR Funds Origis Energy, Motovolt, Cleanleaf Energy Updated On Wed, May 22nd, 2024 by Saurenergy Cleanleaf Energy Secures O&M Contracts for 350 MW Solar Projects in Georgia and Pennsylvania New agreements to supply operations and maintenance (O&M) services for utility-scale solar projects totaling 350 MW in Georgia and Pennsylvania have been announced by Cleanleaf Energy, formerly known as Borrego O&M. Heelstone Renewable Energy is the owner of these projects, which […] Read more
KKR Purchases $550 Million Loan Of SunPower Updated On Thu, May 4th, 2023 by Saurenergy North American residential solar technology and energy services provider SunPower and global investment firm KKR have signed a definitive agreement under which credit funds and accounts managed by KKR will commit to purchasing $550 million of solar energy loans made to SunPower customers. This transaction is expected to support SunPower Financial’s continued ability to offer […] Read more
IndiGrid Commissions First Battery Energy Storage Project Updated On Thu, Apr 6th, 2023 by Saurenergy IndiGrid, which owns, operates, and manages power transmission networks and renewable energy assets delivering reliable power throughout India, has revealed that it has commissioned its first battery energy storage system (BESS) project. The project is integrated with its solar panels at the Dhule substation in Maharashtra. As per the statement by the company, the BESS […] Read more
Vedanta backed Serentica Renewables, Greenko Group In1500 MWhr Industrial Storage Deal Updated On Mon, Nov 14th, 2022 by Saurenergy Vedanta resources backed Serentica Renewables, a decarbonization platform that seeks to accelerate the energy transition for energy-intensive industries, has entered into an agreement with Greenko Group, to source 1500MWhr energy storage capacity through Greenko’s pumped storage projects located in India. As part of this partnership, Serentica will capitalise on Greenko’s energy storage capacity from its […] Read more
KKR’s Subsidiary IndiGrid Records Strong Growth with Q2 FY23 Revenue up 6% YoY Updated On Fri, Nov 11th, 2022 by Saurenergy IndiGrid [BSE: 540565 | NSE: INDIGRID], which claims to be the first Infrastructure Investment Trust (“InvIT”) in the Indian power sector has announced its results for the quarter ended September 30, 2022. The consolidated revenue for the quarter was up 6% YoY in Q2 FY23 to ₹ 5,807 million while the consolidated EBITDA also increased […] Read more
KKR to Invest $400 Million in Sterlite Backed Serentica Renewables Updated On Tue, Nov 8th, 2022 by Saurenergy Kohlberg Kravis Roberts (KKR), a leading global investment firm, and Gurugram-based Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, have announced the signing of definitive agreements. Under the agreements, KKR will invest $400 million in the company. Standard Chartered Bank acted […] Read more
