Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion Updated On Mon, Aug 1st, 2016 by Saurenergy Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […] Read more
Georgia Power’s 1600MW of renewable energy mostly to be Solar PV Updated On Fri, Jul 29th, 2016 by Saurenergy The Georgia Public Service Commission (GSPC) approved a deal between utility Georgia Power and organizations including Southern Alliance for Clean Energy (SACE) that will focus on expanding the utility’s commitment to renewable energy in its latest long-term plan. As per the deal, the Georgia Power is committed to develop and procure 1600 MW in the […] Read more
RE Industry gears up for Renewable Energy India 2016 Expo Updated On Fri, Jul 22nd, 2016 by Saurenergy UBM India is all set to host the 10th edition of its flagship event, Renewable Energy India Expo (REI) scheduled from 7th to 9th September 2016 at the India Expo Center, Greater Noida. India’s green economy community and participants from overseas will congregate at the REI Expo to discuss industry trends, challenges and market insights […] Read more
Indian Navy pledges 1.5% of its works budget towards renewable energy generation Updated On Mon, Jun 6th, 2016 by Saurenergy Indian Navy completed two years of its Green Initiatives Programme on World Environment Day. On the occasion the Navy has set itself an aggressive target of 21 MW Solar PV installations, to be implemented in three phases. The initiative is in line with the National Mission of Mega Watt to Giga Watt towards achieving 100 […] Read more
Eni aims to build 420 MW renewable energy generation projects in Italy, Pakistan and Egypt Updated On Fri, May 13th, 2016 by Saurenergy Rome-based gas and oil company Eni has made new and important progress in its commitment to combatting climate change, creating an original model of integration between its traditional business and energy from renewable sources. The company has announced to build up to 420MW of renewable plant in three countries. New renewable energy generation projects will […] Read more
India has emerged as the biggest renewable energy lab in the world: Richard Verma Updated On Wed, May 11th, 2016 by Saurenergy US envoy Richard Verma on his visit to India said the country has emerged as the biggest renewable energy lab in the world and is at the threshold of dynamic growth in the deployment of smart grid technology. Verma, accompanied by other dignitaries visited Tata Power Delhi Distribution’s Smart Grid Lab in Rohini and Tata […] Read more
Tata Power to raise share of its renewable energy output from its earlier target of 20% to 30-40% by 2025 Updated On Mon, Apr 25th, 2016 by Saurenergy Tata Power has decided to raise share of its renewable energy output from its earlier target of 20%, to 30-40% by 2025 reports PTI Currently the company has working capacity of 9,156 MW which include 693 MW of hydel, 593 MW of wind and 60 MW of solar sources. Speaking to PTI Tata Power managing […] Read more
Piyush Goyal Releases Report of Technical Committee on Large Scale Integration of Renewable Energy Updated On Mon, Apr 18th, 2016 by Saurenergy Power, Coal and New and Renewable Energy minister Piyush Goyal has released Report of the Technical Committee on Large Scale Integration of Renewable Energy, Need for Balancing, Deviation Settlement Mechanism (DSM) and associated issues. He also launched Ancillary Services Operations in India. Speaking on the occasion, Goyal said that this is going to be a […] Read more
Geronimo Energy sells a 66-MW portfolio of Minnesota Community Solar Garden developments to BHE Renewables Updated On Sat, Mar 5th, 2016 by Saurenergy Geronimo Energy has announced the sale of its second portfolio of Minnesota Community Solar Garden developments (“the Portfolio”) to subsidiary of Berkshire Hathaway Energy, the BHE Renewables. Geronimo Energy’s Portfolio include a total of 66 megawatts (“MW”) of solar garden projects spread across 21 locations and 16 Minnesota counties, which will be completed by the […] Read more
