Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO Updated On Wed, Nov 20th, 2019 by Saurenergy French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […] Read more
Suzlon Energy Net Loss Widens to Rs 777 cr in Q2 2019 Updated On Fri, Nov 15th, 2019 by Saurenergy Suzlon Energy has reported a widening of its consolidated net loss to Rs 777.52 crore in Q2 2019. Suzlon Energy on November 14, 2019, reported widening of its consolidated net loss to Rs 777.52 crore in the quarter ended September 30, 2019 (Q2 2019). The company had reported a net loss of Rs 625.76 crore […] Read more
Greenlight Planet Joins Orange in Commitment Towards Energy Transition in Africa Updated On Thu, Nov 14th, 2019 by Saurenergy Greenlight Planet and Orange have partnered to provide Orange’s customers with access to clean energy solutions to several nations in Africa Greenlight Planet, the largest solar pay-as-you-go provider in Africa, and Orange, one of the world’s leading telecommunications operators, have announced a partnership that aims to provide Orange’s customers with access to clean energy solutions […] Read more
Global Wind Energy Market to Reach $124.6 bn by 2030 Updated On Wed, Nov 13th, 2019 by Saurenergy Significant capacity additions in the APAC region are expected to increase the market size of the global wind energy market to USD 124.6 billion by 2030 The global wind energy market size increased from USD 71.6 billion in 2010 to USD 96.4 billion in 2018. During the 2019–2030 forecast period, significant capacity additions in the […] Read more
Tata Power-DDL Gets ‘Innovation with Impact’ Award during India Energy Summit Updated On Fri, Nov 8th, 2019 by Saurenergy The winners have been selected by the committee after assessing the performance of distribution utilities on parameters w.r.t. quality of services being delivered to the end customers. Tata Power Delhi Distribution Ltd (Tata Power-DDL), a distribution arm of utility giant Tata Power, has won the 7th ‘Innovation with Impact’ award under the category – ‘Quality of […] Read more
Gujarat Sets Target for 30 GW Renewable Energy Generation by 2022 Updated On Wed, Nov 6th, 2019 by Saurenergy The state government of Gujarat has set a target of achieving 30 GW of renewable energy generation by 2022 from the current generational capacity of 9670 MW The state government of Gujarat has set a target of achieving 30 GW (30,000 MW) of renewable energy generation by 2022 from the current generational capacity of 9670 […] Read more
French Energy Major EDF Bets on Storage With Pivot Power Buy Updated On Tue, Nov 5th, 2019 by Saurenergy French utility EDF continues to invest in a future where it expects storage to play a critical role, by acquiring UK battery storage firm Pivot Power. For EDF, the acquisition is another step in its effort to become a large scale storage firm. The takeover of Pivot Power also follows EDF’s acquisition in September 2018 […] Read more
Dominion Energy to Add Largest Project to Virginia Solar Fleet Updated On Fri, Nov 1st, 2019 by Saurenergy Further, this solar facility is expected to be operational in 2021 and will provide up to 150 MW clean power. American power and energy company Dominion Energy is adding a 150 MW solar facility in Prince George County, Virginia. Also, this Fort Powhatan solar facility is the Richmond-headquartered company’s largest solar portfolio in Virginia. Further, this solar facility is […] Read more
Asia Could Become the Dominant Market for Wind Energy: IRENA Updated On Mon, Oct 21st, 2019 by Saurenergy Asia could grow its share of installed capacity for onshore wind from 230 GW in 2018 to over 2600 GW by 2050, becoming the global leader in the segment Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report […] Read more
