Fortum and Nordkraft JV to Target Norwegian Wind Power Development Updated On Mon, May 27th, 2019 by Saurenergy Fortum and Norwegian energy company Nordkraft have formed a joint venture, Fortum Nordkraft Vind DA, to develop new wind power projects in Norway. The two companies have been successfully co-operating in Norwegian wind power since 2017 when Fortum entered the Norwegian wind market. “Fortum’s goal is to grow substantially in the Nordic wind and Norway […] Read more
Schneider Electric names Peter Herweck as Executive Vice President and Member of the Executive Committee Updated On Thu, Sep 22nd, 2016 by Saurenergy Schneider Electric is appointing Peter Herweck as Executive Vice President of the Industry Business and Member of the Executive Committee. Peter, 50- began his career at Mitsubishi Electric as a software development engineer in Japan before joining Siemens in 1993, where he held a variety of positions in the automation and drives field in Germany […] Read more
Troubled REC SiIicon Gets Offer From Hanwha Corporation Updated On Tue, Apr 29th, 2025 by Saurenergy Norwegian silicon maker REC Silicon has received a lifeline after years of financial troubles, but not without buyout some controversy. The Korean Hanwha Corporation and Hanwha Solutions, the entities with the highest shareholding in REC Silicon, have offered to buy out all other shareholders at NOK2.2 (US$0.21) per share through a newly established company, Anchor […] Read more
With Hit On 810 MW Offshore Project, RE Hopes In US Get Rude Shock Updated On Wed, Apr 23rd, 2025 by Saurenergy While there was little doubt about the antipathy of the incoming Trump administration to renewable energy, built around unsubstantiated allegations without basis in science or data, it has taken a proper brake on a key project to wake up renewable energy sector to the risks they face now. The project in question is an 810 […] Read more
TotalEnergies Set To Launch Six BESS Projects In Germany Updated On Thu, Mar 27th, 2025 by Saurenergy TotalEnergies made an investment decision to add six battery storage projects with a total of 221 MW of new storage capacity and an investment outlay of €160 million in Germany. TotalEnergies made its announcement on the occasion of Patrick Pouyanné’s participation in the Europe 2025 conference held in Berlin. These projects were developed by Kyon […] Read more
Global Offshore Wind Auctions Set To Fall In 2025, After 2024 Surge, Finds Study Updated On Mon, Mar 3rd, 2025 by Saurenergy The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19 gigawatts (GW) and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy. This recovery follows a slowdown at the end of last year, when new installations dropped to approximately 8 GW — […] Read more
Tata Power Solar Wins ₹632 Cr SECI Contract To Supply 292.5 MWp Solar Modules Updated On Thu, Feb 27th, 2025 by Saurenergy TP Solar Limited (TP Solar), a subsidiary of Tata Power Renewable Energy Limited (TPREL), has secured a contract from the Solar Energy Corporation of India Limited (SECI) to supply 292.5 MWp Domestic Content Requirement (DCR) Solar Modules. The project is awarded to TATA Power under the CPSU Scheme Tranche-III. The contract, valued at approximately ₹ […] Read more
China’s Polysilicon Leaders Announce Production Cuts To Arrest Low Prices Updated On Thu, Dec 26th, 2024 by Saurenergy Tongwei Group and Daqo New Energy, two of the world’s largest, and China’s largest producers of solar grade polysilicon materials, have announced a cutback on production of high-purity polysilicon amid falling prices and financial losses. The firms ended H1 of 2024 with significant losses from their operations, and in likelihood, H2 has been no better. […] Read more
BII, Norfund & IndiGrid Enter 300 Mn Partnership To Expand BESS Project In India Updated On Wed, Nov 13th, 2024 by Saurenergy IndiGrid, a power sector infrastructure investment trust (InvIT), formed a new platform, EnerGrid in partnership with British International Investment (BII), UK’s development finance institution and impact investor, along with the Norwegian Climate Investment Fund, managed by Norfund. This platform focuses on developing greenfield transmission and standalone Battery Energy Storage System (BESS) projects in India. The […] Read more