OPIC Approves $87 Mn in Funding For 250 MW Wind Project in Egypt Updated On Fri, Jun 14th, 2019 by Saurenergy OPIC has approved $87 million in funding for a 250 MW wind project in Egypt to support economic growth through the development of power infrastructure. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in […] Read more
Greenko Raises $495 Mn in Funding For 2.4 GW of Storage Projects Updated On Fri, Jun 7th, 2019 by Saurenergy Greenko Energy has announced the signing of definitive agreements for a primary equity raising of $495 mn from an affiliate of GIC and ADIA. Greenko Energy Holdings, one of India’s leading renewable energy companies, has announced the signing of definitive agreements for a primary equity raising of $495 million (mn) from an affiliate of GIC […] Read more
India to Exceed Climate Compliance Commitments Under Paris Agreement Updated On Thu, May 9th, 2019 by Saurenergy A new report has predicted that India will exceed the compliance commitment it made to address climate change through green energy installations under the landmark Paris agreement. Moody’s Investor Service, a global credit rating agency recently released its latest report, “Power Asia – Climate goals, declining costs of renewables signal decreasing reliance on coal power”. The report revealed […] Read more
BHEL, ARAI Sign MoU for E-Mobility Projects in India Updated On Wed, May 1st, 2019 by Saurenergy BHEL and ARAI will combine their respective strengths in the technology development of E-Mobility solutions Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed an MoU for cooperation on various projects related to e-mobility. In the presence of […] Read more
BRPL and Shuttl Commit to EV Transition with Focus on Charging Infrastructure Updated On Thu, Apr 18th, 2019 by Saurenergy Through their EV100 membership, the two firms have pledged to switch their fleets to electric and install charging infrastructure where they have operations. BSES Rajdhani Power Limited (BRPL) and app-based mobility company Shuttl have become the latest Indian companies to join The Climate Groups’ EV 100 initiative. Shuttl operates nearly 30,000 rides daily to commuters […] Read more
GE to Modernise Rajasthan’s Transmission Grid Updated On Sat, Mar 16th, 2019 by Saurenergy GE will modernise the Rajasthan Transmission Grid with First-of-Its-Kind Advanced Grid Management Project in India, becoming the first state to implement game-changing power transmission technology. GE Renewable Energy’s Grid Solutions business today announced that it has been awarded a technology-driven grid modernisation project by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL) as part of the […] Read more
SECI and Govt of Puducherry Sign PSA For 100 MW Wind Power Updated On Thu, Feb 7th, 2019 by Saurenergy SECI announce an agreement with the Electricity Department of Puducherry for sourcing 100 MW of wind power. The Electricity Department of the Government of Puducherry has signed an agreement with the Solar Energy Corporation of India (SECI) to source 100 MW of Wind Power. The new agreement will be slotted under the Union Territory’s Renewable […] Read more
BHEL, Libcoin to Build India’s 1st Lithium Ion Battery Plant Updated On Sat, Jan 19th, 2019 by Saurenergy The government is further expecting that, this project will bring energy independence by replacing oil imports with abundant renewable. Public sector electric equipment maker Bharat Heavy Electricals Ltd (BHEL) and Libcoin are in talks to form a consortium to initially build 1GWh lithium ion battery plant in India, says government. The Ministry of Heavy Industries […] Read more
IPCC to Spotlight ‘Limiting Global Warming’ Updated On Mon, Oct 1st, 2018 by Saurenergy With countries stressing upon curbing carbon footprints and high reliance on fossil fuels, IPCC policymakers are set to make changes to the world’s climate policy and setting the global warming mark at 1.5 degree Celsius. United Nation’s top body on climate science, Intergovernmental on Climate Change (IPCC) is to examine a UN report bidding to […] Read more
