TotalEnergies Sells Renewable Projects to Crédit Agricole Assurances Updated On Mon, Feb 6th, 2023 by Saurenergy French renewable energy major TotalEnergies has announced that it is selling 50% of a 234 MW portfolio of renewable projects to Crédit Agricole Assurances as part of its strategy of profitable growth in renewable energies. The official statement from TotalEnergies reveals that the portfolio being sold includes 23 solar power plants with a capacity of […] Read more
Punjab Renewable Energy Capacity At 2150 MW: RE Minister Aman Arora Updated On Fri, Feb 3rd, 2023 by Saurenergy The New and Renewable Energy Sources Minister of Punjab, Aman Arora, has said that the state has installed renewable energy projects of 2150 MW till date and is also focusing on energy efficiency and energy conservation efforts. The minister was speaking during an award felicitation programme for government and private sector entities at Confederation of […] Read more
Economic Survey 2022-23: India a Hotspot for Investment in Renewables & Other Observations Updated On Wed, Feb 1st, 2023 by Saurenergy The Economic Survey 2022-2023 has made some important observations about the trajectory of renewable energy sector and transition to clean energy sources. Here are some key observations- Inching towards installed capacity from clean sources The Economic Survey notes that India has already achieved the feat of having 40 per cent of installed electric capacity from […] Read more
WEC Energy To Acquire 80% Stake In 250 MW Texas Solar Project Updated On Wed, Feb 1st, 2023 by Saurenergy US energy conglomerate WEC Energy Group has announced that it has signed an agreement to acquire an 80% ownership interest in the Samson I Solar Energy Center. The investment by WEC Energy Group is expected to total approximately $250 million for the 80% ownership interest. WEC Energy said that Samson I is a 250-MW project […] Read more
The Top 5: Game-Changing Renewable Energy Projects In The Middle East Updated On Mon, Jan 30th, 2023 by Saurenergy The energy transition towards renewables has recently seen an increase in Middle Eastern countries, especially in Saudi Arabia, UAE, Egypt, Morocco etc. Once dependent on its plentiful reserves of oil and gas for wealth, the region is finally embracing the zero-carbon emission goals. As per IRENA’s World Energy Transitions Outlook (WETO), the region could obtain […] Read more
NTPC Reports 5% PAT Growth YoY in Q3, Renewable Capacity Dominates Additions Updated On Sun, Jan 29th, 2023 by Saurenergy NTPC, which is India’s largest energy conglomerate, has shared its results for Q3. The entity has reported a net profit of Rs 4,854.36 crore for the October-December quarter of FY23 on Saturday, nearly 5 per cent higher as compared to Rs 4,626.11 crore in the year-ago period. The company’s board has also declared a Rs […] Read more
US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions Updated On Wed, Jan 25th, 2023 by Saurenergy Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […] Read more
Study Says Clean Energy Transition Could Save India $19.5 Billion Annually By 2025 Updated On Wed, Jan 25th, 2023 by Saurenergy According to a recent study by Global Energy Monitor, India has the potential to save up to $19.5 billion annually by achieving its goal of adding 76 GW of utility-scale solar and wind power by 2025. India has been ranked among the top seven countries globally in terms of prospective renewable power, according to a […] Read more
Rajasthan to Welcome 1 GW Renewable Energy Projects from BPCL Updated On Tue, Jan 24th, 2023 by Saurenergy PSU refiner Bharat Petroleum Corporation Ltd (BPCL) will be establishing renewable projects worth 1 GW of capacity in the state of Rajasthan. Towards this goal, an MoU has been signed between the Government of Rajasthan and BPCL. Details with respect to the timeline and investment have not been shared. The firm has set out on […] Read more
