Sterling & Wilson Solar files for Rs 4,500 crore-IPO with SEBI Updated On Wed, Apr 17th, 2019 by Saurenergy The company’s revenue from operations in the first nine months of 2018-19 went up by 83 % to Rs 5,915 crore while net profit jumped 98 % to 343 crore during the period. Shapoorji Pallonji Group’s renewable energy arm Sterling and Wilson Solar today filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and […] Read more
Germany Brings Online Largest Offshore Wind Farm in the Baltic Sea Updated On Wed, Apr 17th, 2019 by Saurenergy Arkona started its power supply to the German national grid in September 2018, and its 60 wind turbines, each producing six megawatts, reached peak production in 2019 Chancellor of Germany Angela Merkel and Norwegian petroleum and energy minister Kjell-Børge Freiberg opened the Arkona offshore wind farm in the Baltic Sea in Mukran on the German […] Read more
Ireland’s Energy Sector Transformation Lead by its Power Sector Updated On Tue, Apr 16th, 2019 by Saurenergy Ireland has successfully advanced the transformation of its energy sector, led primarily by the power sector. In 2017, about a quarter of the country’s total power generation came from wind power, the third highest share among all 30 IEA member countries, according to the latest review of Ireland’s energy policies by the International Energy Agency. The electricity […] Read more
Greenam Energy Installs Its 1st Floating Solar Plant at Tuticorin Updated On Tue, Apr 16th, 2019 by Saurenergy Greenam Energy, a wholly owned subsidiary of Singapore-based AM International Holdings, has set up its first floating solar power plant at Tuticorin. The 24 MW floating solar power plant would be one of its kind and is the first floating renewable energy initiative to optimise energy production in industrial plants, a company statement said. “Greenam […] Read more
India’s Solar Sector Expected to Outperform Globally Despite Challenges: Report Updated On Tue, Apr 16th, 2019 by Saurenergy A new report by Fitch Solutions has predicted that the Indian solar power capacity will grow at an annual average rate of 15.3 percent to reach 105.9 GW by 2028, up from 26 GW in 2018. The report highlights that India will continue to outperform rival markets over the next decade as recent problems such […] Read more
Starbucks Invests in Solar Energy to Power 360 Stores in Texas Updated On Tue, Apr 16th, 2019 by Saurenergy Starbucks Coffee Company, Cypress Creek Renewables and U.S. Bank have announced that they are teaming up on a portfolio of solar farms across Texas. As a part of the deal, two solar farms developed, built and now operated by Cypress Creek, a leading solar solution provider, are providing enough energy for the equivalent of 360 […] Read more
Petronas makes India Play with Amplus Energy Acquisition Updated On Tue, Apr 16th, 2019 by Saurenergy By Acquiring Amplus Energy for Rs 2700 crores, Malaysia’s Petronas just made a big India play in renewables. The Move by Malaysia’s Petronas, itself a $60 billion-plus behemoth with a $13.2 billion bottom line in 2018, is a huge vote of confidence in India’s renewable sector. At Rs 2700 crores, the valuation also seems to […] Read more
E.ON and Duke Energy Begin Construction on their Windfarms in Texas Updated On Mon, Apr 15th, 2019 by Saurenergy E.ON and Duke Energy have both announced their plans to develop 200+ MW windfarms in Texas. E.ON’s 220 MW Cranell Windfarm and Duke’s Mesteño wind farm are both expected to come into operation before the end of the year. Germany-based electric utility company, E.On has announced that the Cranell Windfarm, a 220 megawatt (MW) project, […] Read more
Siemens Gamesa Wins 77 MW Order For Denmark’s Largest Onshore Wind Project Updated On Mon, Apr 15th, 2019 by Saurenergy Siemens Gamesa has signed an order with Eurowind Energy for Thorup-Sletten, the largest onshore windfarm in Denmark to date. The company has signed the agreement for the supply of 18 onshore turbines that will have a total capacity of 77 MW and an electricity production equivalent to the average annual consumption of approximately 65,000 households. […] Read more
