Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
BluSmart, TATA Power Sign 30 MW PPA To Procure Green Energy Updated On Wed, Feb 21st, 2024 by Saurenergy BluSmart, an eMobility ride-hailing service and electric vehicle (EV) charging infrastructure network provider, announced a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Limited (TPTCL) a wholly owned subsidiary of Tata Power. The PPA will allow BluSmart to source green power from TPTCL. This collaboration marks a significant step towards BluSmart’s commitment to […] Read more
IREDA To Establish Subsidiary For Retail Finance Updated On Wed, Feb 21st, 2024 by Saurenergy In a clear sign of its determination to go it alone if required for achieving solar rooftop targets, the Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA), Pradip Kumar Das has confirmed IREDA’s plans for establishing a subsidiary to cater to retail projects encompassing Rooftop Solar, PM-KUSUM, Electric Vehicles, and other […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Onyx Renewables, Qcells Ink Deal For RE Projects in Massachusetts Updated On Fri, Feb 16th, 2024 by Saurenergy US-based clean energy and decarbonization solutions provider Onyx Renewable Partners and clean energy solutions firm Qcells North America have announced plans to develop two community solar and battery projects in Massachusetts, United States. According to Onyx, the projects developed by Onyx have a total of 6.2 megawatts (MW) – 3.3 MW provided by Qcells – […] Read more
Fluence Energy Reports Record $1.1 Billion Quarterly Order Intake Updated On Thu, Feb 15th, 2024 by Saurenergy Energy provider and storage products company Fluence Energy, which also deals with services as well as digital applications for renewables and storage, announced its results for the three months ending December 31, 2023. The firm recorded a quarterly revenue of approximately $364.0 million, which represents an increase of 17% from the same quarter last year. […] Read more
Nxtra Enters Into Power Wheeling Agreement With Ampln, Amplus Updated On Wed, Feb 14th, 2024 by Saurenergy Nxtra by Airtel, a data centre company in India which is a subsidiary of Bharti Airtel Limited recently signed a power-wheeling agreement with Ampln and Amplus Energy. This agreement is undertaken to procure an additional 140,208 MWh of renewable energy. With this, Nxtra claims to enhance its existing commitment to reducing its carbon footprint through […] Read more
Nextracker, Sterling and Wilson In 2 GW Pact For Trackers In India Updated On Mon, Feb 12th, 2024 by Saurenergy US based global tracker leader Nextracker has announced it has won a repeat order from Sterling and Wilson Renewable Energy for Phase 2 and Phase 3 solar projects of NTPC at Khavda, Gujarat. The projects, for an aggregate size of 1.5GWdc (Phase 2) and 375MWdc (Phase 3) will be using Nextracker’s NX Horizon Solar Trackers. […] Read more
UK’s Dogger Bank Offshore Wind Project To Be Delayed Until 2025 Updated On Mon, Feb 12th, 2024 by Saurenergy United Kingdom-based renewable energy company SSE Renewables has announced that a shortage of vessels, challenging weather conditions, and supply chain issues will lead to delays in the operation of the first phase of the Dogger Bank offshore wind project – Dogger Bank A. According to the company, the project will not begin functioning until 2025. […] Read more
