BII To Invest Up To Rs 1925 Cr In Mahindra’s 4-Wheeler Segment Updated On Fri, Jul 8th, 2022 by Saurenergy Indian multinational automotive manufacturer Mahindra & Mahindra (M&M) and the British International Investment (BII) have recently inked a pact which will facilitate investment of Rs 1,925 crore each in a wholly owned subsidiary of the home-grown auto major and form a new entity EV Co. As the name suggests, the focus will be on four-wheel […] Read more
Power Finance Corp Signs Loan Agreement With Japan Bank For JPY 30 Billion Updated On Fri, Jul 8th, 2022 by Saurenergy An Indian financial institution under the ownership of the Ministry of Power, Power Finance Corp (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC). Through this loan agreement, Power Finance Corp will seek JPY 30 billion as loan amount from JBIC. As part of its “Global action for Reconciling Economic growth […] Read more
Grid-Scale Energy Storage Systems Are The New Evolution for Energy Sector Updated On Wed, Jul 6th, 2022 by Saurenergy In the next decade, Energy Storage Systems (ESS) is tipped to make its mark in the power industry. The most recent standalone ESS tenders from Solar Energy Corporation of India and NTPC are poised to increase capacity and augment the growth of the regional ecosystem. India’s goals for renewable energy will depend heavily on […] Read more
Ciel & Terre India Stepped Up For 73.4 MWp Kayumkulam Floating Solar Updated On Mon, Jul 4th, 2022 by Saurenergy Ciel & Terre India, the subsidiary of French floating solar pioneer Ciel & Terre International, has executed the installation and completion of a 73.4 MWp floating solar plant at National Thermal Power Corporation, Kayamkulam, Kerala. For the firm, the project was a significant milestone, as it delivered it’s made in India floats in record time […] Read more
Intersect Power Raises $750 Million Growth Equity Investment from TPG Rise & Others Updated On Wed, Jun 29th, 2022 by Saurenergy US-based clean energy company, Intersect Power announced a $750 million growth equity investment for its renewable energy portfolio yesterday (28th June 2022). TPG Rise Climate is the dedicated investor while Climate Adaptive Infrastructure and Trilantic Energy are the additional participants in this investment. With the help of this growth equity investment from TPG Rise & Others, Intersect […] Read more
Masdar To Begin Soon On 1 GW Solar Power Project In Iraq Updated On Tue, Jun 28th, 2022 by Saurenergy The renewable energy party has finally arrived in Iraq, one of the last major oil exporters to adopt solar in a big way. In an effort to decarbonize the economic system of the country and mitigate the climate change risks, the country has finally been bidding out contracts for solar plants. In a fresh development, […] Read more
Tata Power Installs 150 EV Charging Stations In Mumbai Updated On Thu, Jun 23rd, 2022 by Saurenergy Making way for clean energy transition, Tata Power has installed as many as 150 green energy-powered EV stations in Mumbai. These stations have been built in residential societies, malls, commercial complex and petrol pumps. This green drive on a massive scale by Tata Power is steered by renewable/clean energy sources like wind, solar, and hydropower. […] Read more
India Needs $223 Billion To Meet 500 GW RE Target By 2030 Updated On Thu, Jun 23rd, 2022 by Saurenergy As per the findings revealed in a new report by BloombergNEF (BNEF) in a seminar in New Delhi on June 22, India will need $223 billion of investment to meet the target of wind and solar capacity installations up to 500GW by 2030. A Look At The Numbers In a telling trend, the country has […] Read more
State Of Offshore Wind Power in India Updated On Wed, Jun 22nd, 2022 by Saurenergy The Indian renewable energy sector has grown at a compounded annual growth rate of over 15.50 per cent in the last five years, with wind sector growth at about 8 per cent. India’s energy use is slated to grow by 3% per annum up to 2040. All this, even as the country has committed to […] Read more
