Microsoft Commits to New Climate Goals: 100/100/0 by 2030 Updated On Thu, Jul 15th, 2021 by Saurenergy Tech giant Microsoft has announced new goals: by 2030, the company will have 100% of its electricity consumption, 100% of the time, matched by zero carbon energy purchases. The new commitment expands the scope of Microsoft’s existing aims to execute power purchase agreements equivalent to 100% of its energy needs by 2025. “At Microsoft we […] Read more
Enel Green Acquires 3.2 GW Solar Portfolio in the United States Updated On Wed, Jul 14th, 2021 by Saurenergy Renewable energy company Enel Green Power North America has acquired a 3.2 GW portfolio of solar and solar-plus-storage projects from Dakota Renewable Energy, a joint venture between Dakota Power Partners and Eolian. The 24 development-stage projects, including 450 MW of storage capacity, are located in the Mid-Atlantic, Midwest and Western United States and are planned […] Read more
BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa Updated On Mon, Jul 12th, 2021 by Saurenergy New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […] Read more
Norway Allocates $1.2 bn for RE Projects in Developing Nations Updated On Fri, Jul 9th, 2021 by Saurenergy The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […] Read more
Shell Launches ‘Digital Track’ for Indian Start ups under its E4 Programme Updated On Thu, Jul 8th, 2021 by Saurenergy Anglo-Dutch oil giant Shell has announced the launch of its “Digital track” under its flagship start-up incubation program – Shell E4, thereby accelerating its digital transformation. E4 will collaborate with technology, venture, government, academia partners, eminent coaches & industry expert mentors to enable digital start-ups to achieve industry readiness and implement strategies for scaling & […] Read more
Smart Grid Cell to be Set Up in Telangana, says State Regulator Updated On Tue, Jul 6th, 2021 by Saurenergy The Telangana State Electricity Regulatory Commission (TSERC) has issued a notification for implementing the TSERC (Smart Grid) Regulation, 2021, to be enforced from the date of its publication in the Telangana Gazette. A smart grid is an electrical grid with automation, communication and IT systems that can monitor power flows from points of generation to […] Read more
Mainstream Renewable Power Closes Financing for Chilean Solar-Wind Farm Updated On Mon, Jul 5th, 2021 by Saurenergy Global wind and solar company Mainstream Renewable Power has achieved financial close for the third and final phase of its “Andes Renovables” wind and solar platform in Chile. The US$182 million in debt raised will be used to build the “Copihue” phase which consists of one wind farm, named Camán, located in central Chile. The […] Read more
Shell & EDF JV to Build 1.5 GW Offshore Wind Farm in New Jersey Updated On Fri, Jul 2nd, 2021 by Saurenergy Atlantic Shores Offshore Wind, a 50-50 joint venture between California-based EDF Renewables North America and British-Dutch firm Shell New Energies US LLC, has received the right to provide 1.5 gigawatts of renewable offshore energy, enough to power over 700,000 homes in the city, by the New Jersey Board of Public Utilities. The New Jersey regulators […] Read more
GAIL To Invest Rs 5,000 Crore For 1 GWh of RE Portfolio Updated On Thu, Jul 1st, 2021 by Saurenergy India’s government-owned natural gas corporation, GAIL Limited has announced to foray into Renewable Energy (RE) sector with targeting a 1 GWh RE capacity by investing around Rs. 5,000 Crores for setting up compressed biogas as well as ethanol plants. As the corporation is stepping up to establish its business beyond natural gas, GAIL will be […] Read more
