Octopus Energy Makes Inroads Further into French Market with Three New Wind Farms Updated On Tue, May 16th, 2023 by Saurenergy British renewable energy firm Octopus Energy’s generation arm has made investments in three new wind farms in France. The said onshore wind farms, namely Croix Erable, Bertaut, and Le Langrois, boast of a cumulative capacity of 49 MW. The firm will add the three new farms to the ten existing ones in France. With this […] Read more
Vibrant Energy Places Order for c.149 MW Wind Energy with Envision Energy Updated On Mon, May 15th, 2023 by Saurenergy Corporate renewable energy solutions provider Vibrant Energy (Vibrant) has placed an order totalling c.149 MW with Envision Energy (Envision). The order consists of 45 wind turbines with a capacity of 3.3 MW each, with delivery expected to commence from Q3FY24 onwards. Envision Energy delves into energy solutions and is headquartered in Shanghai. Srinivasan Viswanathan, CEO, […] Read more
MNRE Orders 80% Reduction In Application Fees Under ALMM Updated On Sat, May 13th, 2023 by Saurenergy In its latest notification, the Ministry of New and Renewable Energy (MNRE) ordered a sharp reduction of up to 80 percent in application fees under the Approved List of Models and Manufacturers (ALMM) scheme. The order, however, did not give any relaxation to companies having manufacturing facilities in non-SAARC countries in inspection fees. A media […] Read more
TagEnergy Energises 50 MW Battery Storage Facility For UK Updated On Fri, May 12th, 2023 by Saurenergy Global clean energy enterprise Tag Energy has announced that it has operationalised 49.5MW/99MWh standalone energy storage system near Luton, England. The funding has also come from Santander UK in the £30 million Chapel Farm development. The ESS is a joint venture between TagEnergy and Yorkshire-headquartered Harmony Energy. TagEnergy’s had acquired a 60% stake in the […] Read more
Ireland First Offshore Wind Auction: 3.1 GW Awarded in Four Projects Updated On Fri, May 12th, 2023 by Saurenergy Ireland has awarded four offshore wind energy projects of capacity nearing 3,100 Megawatt (3.1GW) in its first offshore wind auction conducted under Renewable Electricity Support Scheme ‘ORESS 1.’ The 1,300 MW Codling Wind Park will be owned and developed by a joint venture of Fred. Olsen Seawind and EDF Renewables. RWE has said it will […] Read more
RWE Invests €8 Billion In Green Energy In Q1, 2023 Updated On Fri, May 12th, 2023 by Saurenergy German energy company–RWE is making swift progress in green energy as it expanded its green portfolio by 4.9 Gigawatt (GW) in the first quarter of 2023 alone. It was done through a massive investment of EUR 8 billion. The EUR 6.3 billion acquisition of Con Edison Clean Energy Businesses in the US represented the largest […] Read more
Indian EV Sector Registered 170% Growth In FY23: CEEW-CEF Report Updated On Thu, May 11th, 2023 by Saurenergy A latest analysis report by the Council on Energy, Environment and Water’s Centre for Energy Finance (CEEW-CEF) claimed that sales of Electric Vehicles (EVs) in India grew exponentially in FY23. It claimed that the Indian EV sector witnessed a growth of 170 percent (compared to FY22). It also crossed the one million mark during the […] Read more
Verizon Materialises $1 Billion Bond For Renewable Energy Projects Updated On Thu, May 11th, 2023 by Saurenergy Telecom major Verizon Communications has announced to have settled its fifth green bond offering of $1 billion. The New York headquartered firm said that the net proceeds of the funds are expected to be allocated entirely toward renewable energy investments. The objective to invest in renewables is to accelerate the transition towards green electrical grids […] Read more
Corporate PPA Contracts Added 148 GW of RE From 2015 to 2022: WBSCD Updated On Thu, May 11th, 2023 by Saurenergy As per a recent report shared by World Business Council for Sustainable Development (WBSCD), 23% of the firms that aimed for 100% renewable energy have achieved their goal of 100% renewable energy. Furthermore, by 2021, companies committing to procure 100% renewable power through RE100 were procuring 49% from renewable sources, equating to 184 TWh of […] Read more
