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
Shift To Renewable Is Slow And Unable to Stop Power Cuts In US Updated On Tue, May 10th, 2022 by Saurenergy Electric grid operators across the USA are warning of looming blackouts as companies shift to renewable energy. MISO CEO John Beer has been quoted by a section of media as saying on May 8, “As we go forward, we need to know that when you put in a solar panel or a wind turbine, it’s […] 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
World Bank says Pakistan must call for 11GW renewable energy bids Updated On Mon, May 9th, 2022 by Saurenergy Variable Renewable Energy Competitive Bidding Study – a new study by the World Bank – has said that Pakistan will require a call for competitive bidding for over 11 GW of renewable energy solar and wind power plants between the present and 2028. The study stated that this is needed to ensure that the future […] Read more
HK Electric to Develop Hong Kong’s First Offshore Wind Farm Updated On Mon, May 9th, 2022 by Saurenergy Hong Kong may get to witness its first offshore wind energy farm coming up in 2027 as HK Electric has announced that it has plans to develop an offshore wind farm southwest of Lamma Island. HK Energy said that an application for variation of an environmental permit for the proposed project has been approved by […] Read more
Jindal Acquires Earth Energy EV in a bid to enter EV market Updated On Sat, May 7th, 2022 by Saurenergy Jindal Worldwide has announced that it has acquired Mumbai-based EV startup Earth Energy EV through one of its subsidiaries – Jindal Mobilitric. The acquisition also marks the entry of Jindal Worldwide into the electric vehicle sector of India. The financial details of the deal are yet to be disclosed. The official statement of Jindal Worldwide […] Read more
Actis Forms Blupine Energy to Develop renewable energy in India Updated On Fri, May 6th, 2022 by Saurenergy Actis has incorporated Blupine Energy Pvt Ltd, a company in India to develop renewable energy projects and store assets in India. In June, 2021, Actis had officially incorporated Blupine Energy in which the paid up capital was Rs 16 crore. Reports say that Bluline will become active immediately with a corpus of funds amounting $800 […] Read more
Battery Boom Could Redraw Geopolitical Order Updated On Fri, May 6th, 2022 by Saurenergy Russia’s invasion of Ukraine has accelerated a shift to investment in renewables and storage batteries as a way to reduce dependence on imports of fossil fuels a large part of which comes from OPEC and Russia. Dependent on Russia for supply of gas everyday, Europe and USA are desperately trying to break free and access […] Read more
50% of Power In Spain Comes From Renewables In April Updated On Fri, May 6th, 2022 by Saurenergy Span’s national grid operator Red Electrica de Espana has informed in its estimates report that Spain had produced a little over half of its electricity from renewable sources of energy last month. It said that in April the Spanish power coming from clean sources was 50.1 per cent. It has higher than what was produced […] Read more
