Scatec Solar acquires SN Power, building a global leader in RE Updated On Mon, Oct 19th, 2020 by Saurenergy Scatec Solar has signed a binding agreement to acquire 100% of the shares in SN Power, a leading hydropower developer and IPP, from Norfund for a total equity value of USD 1,166 million. The acquisition forms an important part of Scatec Solar’s broadened growth strategy, with an ambition to become a global large-scale player in […] Read more
AES Gener to add 253 MW RE and 112 MW Storage to the Grid in Chile Updated On Mon, Oct 19th, 2020 by Saurenergy AES Gener is incorporating 253 MW of renewable energy and 112 MW of battery storage into the national electricity system of Chile. AES Gener has announced that it recently held the virtual groundbreaking of the projects, Andes Solar II-B and Campo Lindo. The projects will incorporate four technologies, which will allow the incorporation of 253 […] Read more
Tata Power Provides Update on InvIT for its Renewables Business Updated On Mon, Oct 19th, 2020 by Saurenergy Tata Power in its latest regulatory filing has provided an update on the process of creation of an InvIT for its renewables business Tata Power, in its latest regulatory filing, has stated that as a part of its growth strategy, the Company has taken several steps to deleverage the balance sheet and improve the capital […] Read more
Solar-led Renewables Sector Will Be A Top draw For Global Investors Updated On Sat, Oct 17th, 2020 by Saurenergy India’s renewable energy market led by solar energy will likely be one of the top five sectors for the country that will attract global investments, Deepak Bagla, chief executive officer of Invest India told a conference organised by the International Solar Alliance (ISA) on Friday. He said there was a high degree of innovation characterising […] Read more
TransAlta Announces Commercial Operation of Alberta’s First Utility Scale Battery Storage Project Updated On Fri, Oct 16th, 2020 by Saurenergy TransAlta Renewables has announced that its 10 MW WindCharger battery storage project (WindCharger) began commercial operation on October 15, 2020. WindCharger is Alberta’s first utility-scale, lithium-ion energy storage project and utilizes Tesla Megapack technology. It has a nameplate capacity of 10 MW and total storage capacity of 20 MWh. This technology can be fully charged in approximately two hours […] Read more
Greenbacker Expands into California Power Optimization Sector with Stem Updated On Thu, Oct 15th, 2020 by Saurenergy Greenbacker Renewable Energy Company announced today that on September 30, 2020, through a wholly-owned subsidiary, it purchased the rights to Rodeo Energy Storage LLC, a 10 MW / 21.3 MWh portfolio of 20 behind-the-meter energy storage systems, which were developed and will be constructed and operated by Stem, Inc. (“Stem”), the global leader in artificial […] Read more
Power Minister Iterates Plan To Overhaul Regulation, Enforcement Soon Updated On Wed, Oct 14th, 2020 by Saurenergy India’s power ministry is pushing for an overhaul of electricity regulation and enforcement of contracts in order to stem losses of the state-run distribution companies that have burdened the sector. On solar imports, plans afoot to draw up a list of approved manufacturers for allowing imports. The weak financial condition of distribution companies hurts their […] Read more
Green Finance Recovery Mechanism Needed in Southeast Asia: ADB Updated On Fri, Oct 9th, 2020 by Saurenergy ADB has urged policy makers in Southeast Asia to use green and innovative financing approaches to help catalyze investments required for climate-adjusted infrastructure in the region by 2030. A new book by the Asian Development Bank (ADB) urges policy makers in Southeast Asia to use green and innovative financing approaches to help catalyze the estimated […] Read more
Over 90% Families Have Electricity Meters, Billed Regularly: CEEW Updated On Thu, Oct 8th, 2020 by Saurenergy As many as 93 percent of families have metered electricity connections and 91 percent of households are billed regularly for power consumption, as per CEEW. As many as 93 percent of families have metered electricity connections and 91 percent of households are billed regularly for power consumption, as per two independent studies released by the CEEW. The studies are based on findings from India Residential […] Read more
