KKR buying RE firm ContourGlobal for £1.75 billion Updated On Thu, May 19th, 2022 by Saurenergy Leading investment firm Kohlberg Kravis Roberts & Co (KKR) has announced that it is buying ContourGlobal, a renewable energy company. The deal is for £1.75 billion. According to KKR, the company is offering shareholders of ContourGlobal 263.6p for every share. This offer price represents a 36 per cent premium to the last closing price of […] Read more
Construction Of World’s Largest Integrated RE Storage Project Started In AP Updated On Tue, May 17th, 2022 by Saurenergy Construction of the world’s largest and first of its kind renewable energy storage project began at Kurnool in Andhra Pradesh on May 17. With a pumped storage capacity of 10,800MWh per day, the 5230 MW renewable energy generation project is coming up at an investment of $3 billion by Hyderabad based developer Greenko Group by […] Read more
Delhi Govt Makes Ambitious Solar Plans, Again Updated On Tue, May 17th, 2022 by Saurenergy The Delhi government has announced an ambition to increase the solar power generation to 50% of the total energy demand by the end of this decade and also make the city rooftop solar capital of India. On the same lines, the Delhi government hosted a National Consultation with several stakeholders on the Solar Policy of […] Read more
Solis Races To 2 GW Milestone In India Updated On Mon, May 16th, 2022 by Saurenergy Solis has achieved a remarkable milestone of 2GW shipments in India. The number is remarkable for the sheer acceleration since 2020, besides the fact that for a large part of its existence here, it was focused completely on the commercial, industrial and rooftop segment, staying away from utility scale sales. A recent study from a […] Read more
Aquila Capital and FNSF collaborate for 1GW Solar Farm in New Zealand Updated On Fri, May 13th, 2022 by Saurenergy New Zealand will soon have a large-scale solar farm begin to produce 1GW. That is a big deal, because TOTAL solar capaciy in NEw Zealand has barely crossed 200 MW till date. German investment outfit Aquila Capital and local PV project developer Far North Solar Farm have joined their hands to collaborate to make this […] Read more
Italy working on incentives for offshore wind projects Updated On Thu, May 12th, 2022 by Saurenergy The Italian government is working on incentives to boost the roll-out of offshore wind facilities, Italy’s energy transition minister said on Wednesday. “Incentive mechanisms are in the programming phase,” Roberto Cingolani said, answering questions from members of parliament. Besides subsidies, Cingolani said offshore wind would also receive grants from Italy’s national Recovery Fund plan. Rome […] Read more
NLC issues tender for 100 MW ISTS-connected solar projects Updated On Wed, May 11th, 2022 by Saurenergy Chennai-based thermal energy giant NLC India has issued a tender to set up 100 MW ISTS (Inter State Transmission System) connected solar power project on pan India basis with Operation & Maintenance (O&M) for 3 years. NLC India Limited is a government-owned-fossil fuel miner and thermal power generator under the ownership of Ministry of Coal, […] Read more
Wind & sun powered a record 40% of Spain’s electricity grid in April Updated On Wed, May 11th, 2022 by Saurenergy Wind and sun powered a record 40 per cent of the Spanish electricity grid in April as renewable energy was boosted by a breezy spring and rising installed capacity, a report from pro-renewable energy think tank Ember Climate said on Tuesday. Wind farms supplied 26.2 per cent of the country’s electricity last month, while sun-powered […] Read more
Karnataka to optimise RE with storage support Updated On Tue, May 10th, 2022 by Saurenergy The Karnataka government is making efforts to capitalise on its generation of renewable energy by boosting its storage capabilities to secure its growing requirement of power. A proposal to increase investments into creating more storage capacity is likely to be placed before the Basavaraj Bommai-led cabinet within the next few weeks. Karnataka is the leading […] Read more
