Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland Updated On Tue, Sep 14th, 2021 by Saurenergy Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […] Read more
Sri Lanka To Increase Rooftop Solar Investments, Cease Fresh Coal Plants Updated On Wed, Aug 18th, 2021 by Saurenergy After announcing its 2030 goals of achieving 70% electricity through renewables, Sri Lanka is now accelerating its investments in rooftop solar and planning to rule out new coal power investments. Sri Lanka‘s renewable energy sources currently are primarily HydroPower, which accounts for 35% of its electricity from renewables in 2019. The country has total generation […] Read more
EDF, Oceanus, Plan Power & Desalination, By Using Pumped Storage, Renewable Energy Updated On Tue, Mar 2nd, 2021 by Saurenergy French energy utility major EDF and Oceanus have announced plans to build a pumped hydro storage station along with a desalination plant powered by wind and solar. The plan is to use saltwater to produce hydropower during periods of high demand, while producing affordable freshwater using the same energy. The project will be located in […] Read more
GE Finalises Supply Contract for Orsted’s 1.1 GW Ocean Wind Offshore Project Updated On Tue, Jan 19th, 2021 by Saurenergy GE Renewable Energy has finalised supply and service contracts with Ocean Wind, the 1.1 GW Ørsted Project off the coast of New Jersey. GE Renewable Energy has announced that it has finalised supply and service contracts with Ocean Wind, the Ørsted Project off the coast of southern New Jersey. Ocean Wind will feature GE’s Haliade-X […] Read more
CCEA Approves RCE for North Eastern Region Power System Improvement Project Updated On Thu, Dec 17th, 2020 by Saurenergy The Cabinet Committee on Economic Affairs (CCEA) has approved the Revised Cost Estimate (RCE) of the North Eastern Region Power System Improvement Project (NERPSIP) at an estimated cost of Rs.6,700 crore. This is a major step, towards the economic development of the North Eastern Region through the strengthening of Intra-State Transmission and Distribution systems. Announced […] Read more
Ørsted Divests 25% of 1.1 GW Ocean Wind Offshore Project Updated On Mon, Dec 7th, 2020 by Saurenergy Ørsted has entered into an agreement to sell a 25% ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s PSEG. Ørsted has entered into an agreement to sell a 25 percent ownership interest in its 1,100 MW Ocean Wind offshore wind project to New Jersey’s Public Service Enterprise Group (PSEG). […] Read more
IRENA and Ocean Energy Europe Partner to Drive Ocean Energy Industry Updated On Tue, Dec 1st, 2020 by Saurenergy New IRENA reports forecast a 20-fold growth potential of ocean energy by 2030, providing coastal communities with a climate-safe roadmap for COVID-19 recovery The CEO of Ocean Energy Europe (OEE), Rémi Gruet and the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, signed a Memorandum of Understanding (MoU) today at the annual Ocean Energy Europe […] Read more
