CERC Issues New Rules For Allocation Of Transmission Corridors For Power Trading Updated On Wed, May 11th, 2022 by Saurenergy Central Electricity Regulatory Commission (CERC) ordered on May 9 that the allocation of transmission corridor among the Power Exchanges shall be governed by a new set of principles from June 1. A bench of four judges under the chairmanship of IS Jha ruled that the old order of 04.04.2016 extending priority allocation of 10% in […] Read more
Austria’s Verbund bags renewable portfolio in Spain Updated On Tue, May 10th, 2022 by Saurenergy Austrian hydropower utility Verbund said on Monday it had acquired a portfolio of renewable energy assets in Spain from local private equity fund Q-Energy for an undisclosed sum. The assets include operating photovoltaic power plants with a combined capacity of 82 megawatts (MW) and projects planned to have an eventual capacity of up to 4,000 […] Read more
Inox Green Energy board approves proposal to raise Rs 900 cr via IPO Updated On Tue, May 10th, 2022 by Saurenergy Inox wind arm Inox Green Energy Services’ board on Monday approved a proposal to raise Rs 900 crore through an initial public offer (IPO). The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune […] Read more
AIIB gives $200 million loan to Bangladesh to develop renewable energy Updated On Tue, May 10th, 2022 by Saurenergy Bangladesh has got a long term credit facility of $200 million from the Asian Infrastructure Investment Bank (AIIB) to develop a range of infrastructure projects top of which stands renewable energy expansion in the country. The renewable energy and electricity infrastructure improvement is to ensure optimal power supplies throughout Bangladesh. The official statement from the […] Read more
Singapore Calls Neighbours For Low-Carbon Power, Gets 20 Proposals Updated On Tue, May 10th, 2022 by Saurenergy Singapore recently called its neighbours to bring in around 30% of its electricity demand by 2035, receiving 20 proposals from overseas. Currently generating 95% of its electricity from natural gas, Singapore wants to decarbonize its power mix but finds itself handicapped by tiny land area. Left with few options but to look offshore, Singapore approached […] Read more
Harsh Shah To Take Over As CEO At Azure Power From July 1 Updated On Mon, May 9th, 2022 by Saurenergy Azure Power has announced the appointment of Harsh Shah as CEO. He follows in the wake of the exit of Ranjit Gupta last month. Shah was previously the Chief Executive Officer of IndiGrid, India’s first and largest Infrastructure Investment Trust (InvIT) in the Indian energy sector. It owns, operates, and manages power transmission networks and […] Read more
AES to provide 450 MW renewable energy to Amazon Updated On Mon, May 9th, 2022 by Saurenergy Virginia, US based AES Corporation has announced that it has entered into two renewable energy Power Purchase Agreements (PPAs) with global e-commerce and cloud giant Amazon. As part of the agreements, AES will deliver renewable energy in the CAISO (California Independent System Operator) market and source it from a combined 450 MW of solar and […] Read more
Altius Announces $32.5 million investments in RE platform Updated On Mon, May 9th, 2022 by Saurenergy Canada-based Altius Renewable Royalties Corp. has reported that its jointly controlled subsidiary, Great Bay Renewables– popularly known as ‘Great Bay’ – has executed agreements to invest a total of $32.5 million into a new global renewables development platform, Bluestar Energy Capital. Bluestar was founded recently and its majority stakes are owned by Declan Flanagan, former […] Read more
GE Renewable buys stake in 3D Printing Firm COBOD International Updated On Sat, May 7th, 2022 by Saurenergy GE Renewable Energy has said that it has done a minority investment in COBOD International, the company providing the 3D printer used at the Bergen research facility and has helped the development of renewable energy in various countries. Officials from both companies said the investment will build on an existing relationship with COBOD International first […] Read more
