Solar Rental Marketplace OTOVO Raises €40mn Funding Updated On Wed, Nov 15th, 2023 by Saurenergy Norwegian solar startup Otovo has secured €40mn from its existing investors including Å Energy, Axel Johnson Group, and Nysnø, the Norwegian government’s Climate Investment Fund. The funding will help the firm expand its rent-to-buy online marketplace for solar panels, as it seeks to ride the strong residential solar market growth across the EU. This latest […] Read more
Ministry of Coal To Employ Surplus Land For Green Energy Projects Updated On Mon, Oct 30th, 2023 by Saurenergy The Ministry of Coal and the Ministry of New & Renewable Energy (MNRE) have joined hands to work for the promotion of green energy. The decision was arrived at during secretary-level joint meeting between the two ministries. The MNRE will offer technical, policy and capacity building support, technicians and other functionaries through National Institute of […] Read more
NYSERDA Awards 1.3 GW Wind Capacity Under Community Offshore Initiative Updated On Thu, Oct 26th, 2023 by Saurenergy New York has provisionally awarded a Community Offshore Wind contract worth 1.3 GW. A joint venture between RWE and National Grid Ventures, Community Offshore Wind will be developed under a phase-wise approach within Community Offshore Wind’s 3.2 GW seabed lease in the New York Bight. The seabed lease was acquired during federal bidding by the […] Read more
German 400 MW Solar Plus Storage Tender Sees Oversubscription Updated On Tue, Oct 3rd, 2023 by Saurenergy Germany has concluded its latest round of the 400 MW solar tender that comes with storage. The Federal Network Agency shortlisted 408 MW worth of projects. Interestingly, this round of the innovation tender attracted unprecedented interest from the bidders. The round saw a total of 53 bids with a cumulative capacity of 779 MW. Of […] Read more
Grumblings From European Solar Manufacturers Start Over Falling Prices Updated On Mon, Sep 18th, 2023 by Saurenergy At SaurEnergy, even as solar manufacturing has been incentivised, pushed and supported by every means possible, we have regularly highlighted the need to consider the sustainability of it all. Well, the first rumblings have already started, not from the manufacturers who are establishing new capacities, but from already established players in Europe. In an open […] Read more
New Deal Will Foster Norway-Poland Collaboration On Offshore Wind Updated On Tue, Aug 29th, 2023 by Saurenergy Norwegian Offshore Wind- the largest representative offshore wind body in Norway, on behalf of 380 members, has signed an MOU with The Polish Investment and Trade Agency, aiming to boost offshore wind collaboration between the two countries. The Memorandum of Understanding was signed in Warsaw this week. “The two markets have different strengths within offshore […] Read more
ADB & Fourth Partner Energy Join Hands for 25 MW Solar Power Plant in Tamil Nadu Updated On Mon, Aug 28th, 2023 by Saurenergy The Asian Development Bank (ADB) and Independent Power Producer Fourth Partner Energy Private Limited (Fourth Partner) have joined hands for a long-term loan of up to Rs 1.2 billion Indian rupees towards the construction and operation of a 25 MW solar power plant. This will help augment clean and low-cost energy supply to commercial and […] Read more
Norway Study Shows Electrifying Trucks Key To Reducing Fossil Fuel Demand Updated On Thu, Aug 24th, 2023 by Saurenergy As per a report by Rystad, Norway’s persistent road fuel demand won’t last amid rapid EV adoption. It finds that road fuel demand in Norway has remained relatively stable even with soaring electric vehicle (EV) adoption, raising questions about whether EVs really have a material impact on diesel and gasoline sales. Rystad Energy research and […] Read more
Norfund Pumps Repeat Investment into Fourth Partner Energy for ₹350 Cr Updated On Fri, Aug 11th, 2023 by Saurenergy Norwegian Investment Fund for developing countries – Norfund today announced a fresh investment of ₹350 Cr into renewable energy solutions platform, Fourth Partner Energy (4PEL). This is the second round of equity infusion by Norfund into 4PEL, following its $100 Mn investment in June 2021. Speaking about this development, Anders Blom, Vice President at Norfund […] Read more
