Shell to Fully Acquire US Green Firm Inspire Energy Capital Updated On Wed, Jul 28th, 2021 by Saurenergy Shell New Energies US LLC has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, a renewable energy residential retailer with joint headquarters in Santa Monica, CA and Philadelphia, PA. Shell New Energies, a subsidiary of oil major Royal Dutch Shell plc, focuses on two main areas: new fuels […] Read more
Equinor, RES & Green Giraffe Partners for Floating Offshore Wind in France Updated On Tue, Jul 27th, 2021 by Saurenergy Equinor, RES, and Green Giraffe join forces and form Océole, a partnership dedicated to developing floating offshore wind in France. Océole will evaluate and work towards submitting bids in the upcoming floating offshore wind tenders held by the French government. Establishing this partnership is in line with the three companies’ ambition of delivering high-performance floating offshore […] Read more
PosHYdon, First Offshore Green H2 Project Gets DEI+ Subsidy from Dutch Govt Updated On Thu, Jul 22nd, 2021 by Saurenergy The government of the Netherlands has granted a EUR 3.6 million subsidy to back the PosHYdon pilot project. PosHYdon is an initiative of Nexstep, the Dutch association for decommissioning and reuse, and TNO, the Netherlands organization for applied scientific research, in close collaboration with the industry. It is claimed to be the world’s first-ever offshore […] Read more
bp & EnBW make £10 bn Joint Bid for Scottish Offshore Wind Projects Updated On Tue, Jul 20th, 2021 by Saurenergy Oil giant bp and Germany-based EnBW have submitted a joint bid, representing a a potential £10 billion investment, for Scottish offshore wind acreage which could support wind projects with 2.9 GW of capacity. The companies have applied for a lease area off the east coast of Scotland for the development of the project. But the bid seeks […] Read more
New York Installs 3 GW of Solar Capacity By Q3 FY21 Updated On Fri, Jul 16th, 2021 by Saurenergy According to the governor of New York, Andrew Cuomo, the state has installed 3 GW of solar capacity by the end of Q3 FY21, with the state’s total pipeline reaching 5.7 GW. The state had added a capacity of 2,840.3 MW by Q1 2021, which took New York to the 10th position nationally in the terms […] Read more
Norway Allocates $1.2 bn for RE Projects in Developing Nations Updated On Fri, Jul 9th, 2021 by Saurenergy The Norwegian government has announced the allocation of $1.16 billion over five years for a new fund that will invest in renewable energy in developing countries with the aim of reducing greenhouse gas emissions. Speaking about the new fund, Minister of International Development Dag-Inge Ulstein said, “It is part of the solution to some of […] Read more
German Govt Funds Study on Economic Viability of Floating PV Updated On Tue, Jul 6th, 2021 by Saurenergy The German Federal Ministry for Economic Affairs and Energy is funding a research project to develop the technology of floating PV systems and investigate its economic viability. The government is partnering with the Fraunhofer Institute for Solar Energy Systems ISE and the Brandenburg University of Technology Cottbus-Senftenberg to carry out the so called “PV2Float project.” Floating PV systems […] Read more
Fourth Partner Raises $125 Million Equity Funding Updated On Thu, Jul 1st, 2021 by Saurenergy Hyderabad based Fourth Partner Energy has raised a fresh funding of $125 million for its expansion plans. The big new investor this time is Norwegian investment fund Norfund, that has invested $100 million. Existing investor the RISE fund has invested a further $25 million. Norfund was last in the news for its backing of Italy’s […] Read more
Soltec Nets Statkraft Deal For 234 MW Solar Projects in Spain Updated On Wed, Jun 30th, 2021 by Saurenergy The Spanish manufacturer and supplier of solar trackers, Soltec has agreed to terms with Europe’s renewable energy company Statkraft for the development of four solar projects in Cadiz in southern Spain with a total capacity of 234 MW. According to the firms, four projects being constructed this year and expected to generate 500GWh of clean […] Read more
