EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa Updated On Thu, Apr 6th, 2023 by Saurenergy The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up […] Read more
Magenta Mobility Gets Capital Infusion of $22 Mn From bp, Morgan Stanley India Infra Updated On Wed, Apr 5th, 2023 by Saurenergy Electric mobility solutions provider Magenta Mobility has revealed that it has concluded a Series A1 funding round, which has rung in USD 22 million equity investment coming in from UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The firm has shared that with the freshly infused capital, it will look at fleet and geographical […] Read more
Suzlon Onboards J P Chalasani as Chief Executive Officer Updated On Wed, Apr 5th, 2023 by Saurenergy A firm that provides clean energy solutions, Suzlon Energy has onboarded J P Chalasani as its CEO. The appointment follows the resignation of Ashwani Kumar attributable to personal reasons. Chalasani had served as the Group Chief Executive Officer of Suzlon from April 2016 to July 2020, following which, he stepped into the role of Strategic […] Read more
Kapil Maheshwari is Appointed CEO of Welspun New Energy Updated On Wed, Apr 5th, 2023 by Saurenergy Welspun New Energy, a subsidiary of Welspun Enterprises Ltd (WEL) has appointed Kapil Maheshwari as its CEO and Executive Director. Before he joined Welspun, Maheshwari was responsible for leading Renewable Energy and Green Hydrogen Ecosystem Development at Reliance Industries. He brings to the table two decades of experience in solar, greem hydrogen, storage, electronics. He […] Read more
IIT Roorkee, GIC Re Collaborate to Develop Solar Window Technology Updated On Thu, Mar 30th, 2023 by Saurenergy The Indian Institute of Technology Roorkee (IIT Roorkee) and General Insurance Corporation of India (GIC Re) have signed a partnership agreement to develop solar window technology that will enhance the solar power generation in India and lead to greater sustainable development. The two entities – IIT Roorkee Development Foundation (IITRDF) and GIC Re – have […] Read more
Energy Transition and Clean Energy Investment in India Report – 10 Key Takeaways Updated On Thu, Mar 30th, 2023 by Saurenergy Several factors effect the green energy transition, such as the developmental aspect. However, the transition is becoming a reality. India’s largest Investment Banking franchise Avendus, in its latest report, Energy Transition and Clean Energy Investment in India, gives a picture of business segments emerging across the green economy value chain. The report also gives an […] Read more
Brookfield, EIG Consortium Ink Pact to Acquire Origin Energy for A$18.7bn Updated On Wed, Mar 29th, 2023 by Saurenergy A consortium comprised of Brookfield Renewable Partners, together with institutional investors GIC and Temasek, and MidOcean Energy of leading investor EIG will be acquiring 100% shares of Origin Energy Limited. The parities have signed a Scheme Implementation Deed. Origin Energy is Australia’s largest integrated power generator and energy retailer. The Scheme values Origin at an […] Read more
Solar PLI Tranche 2 Allocations Released, 48 GW Of Domestic Manufacturing Capacity By 2025-26 Updated On Tue, Mar 28th, 2023 by Saurenergy The government of India has allocated 39600 MW of domestic Solar PV module manufacturing capacity under PLI (Tranche-II), or the Solar PLI scheme to incentivise domestic manufacturing. The PLI or Performance Linked Incentive scheme offers financial incentives to manufacturers for meeting specific milestones in sales, linked indirectly to capacity creation. The PLI (Tranche-II) is expected […] Read more
Lithuania’s Solitek to Set Up 600 MW Module Assembly Facility in Italy Updated On Tue, Mar 28th, 2023 by Saurenergy Lithuania-based solar PV maker Solitek has announced that the firm will be now expanding its operations in South of Europe with Italy. In a key decision, Solitek will be building a new solar module assembly plant in Benevento. According to reports, Solitek will have a capacity of 600 MW annually. The firm will manage funds […] Read more
