BrightNight Rings In Leadership Changes For 37 GW Project Portfolio Updated On Tue, Feb 6th, 2024 by Saurenergy BrightNight, a global renewable power independent power producer (IPP) built to deliver clean and dispatchable solutions, recently announced the addition of two senior leaders to support the buildout of its 37 GW global portfolio in the areas of Asset Management (A&M), Operations & Maintenance (O&M) and Construction: Jeff Gibbons joins as Senior Vice President of […] Read more
Re-strategizing To Meet The Growing Demand For Power Updated On Mon, Feb 5th, 2024 by Saurenergy Few sectors, if any, today pose as many challenges or hold as many opportunities as India’s power sector. It has witnessed developments and disruptions in recent years, and while the long-term goal posts remain largely steady, we might have to move sideways towards them instead of headlong. India’s power demand grew at an unprecedented 9% […] Read more
China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
Nextracker Continues Strong Show, Q3 EBITDA Up 168% YoY Updated On Fri, Feb 2nd, 2024 by Saurenergy US based solar tracker firm Nextracker, in its first earnings announcement since turning a completely independent firm has delivered a stellar set of results. Nextracker’s adjusted earnings before inflation, taxes, depreciation and amortisation (EBITDA) in Q3 FY24 reached US$168 million, more than doubling over the EBITDA in the last 12 months with a 168% year-on-year […] Read more
Brookfield Looks To Partially Sell-Off 1.6-GW Renewable Portfolio Updated On Fri, Feb 2nd, 2024 by Saurenergy Canadian investment firm Brookfield Asset Management is seeking to partially capitalize on its clean energy assets. Brookfield boasts a collective capacity of approximately 1.6 GW and hold an enterprise value ranging between Rs 9,000 and 10,000 crore (equivalent to $1-1.2 billion), as per the company. To facilitate this partial monetization, investment bank JP Morgan has […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
NTPC, NRL Partner To Setup Green Energy Projects In North East Updated On Thu, Feb 1st, 2024 by Saurenergy National Thermal Power Corporation (NTPC) limited has signed a memorandum of understanding (MoU) with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd. NRL is engaged in the business of Refining and Marketing of petroleum products. The MoU covers partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green energy projects. […] Read more
Statkraft To Initiate 3GW Renewable Energy Projects in Ireland by 2030 Updated On Tue, Jan 30th, 2024 by Saurenergy Europe-based renewable energy company Statkraft has announced its plans to roll out 3000MW of renewable energy projects in Ireland by 2030. These projects will also include a 500MW North Irish Sea Array (NISA) offshore wind project. The 3000MW projects by Statkraft include 1500MW projects that were completed recently or whose construction is underway, a 330MW […] Read more
Amazon Signs Pact With ENGIE To Procure 473MW RE From Wind Farm Updated On Tue, Jan 30th, 2024 by Saurenergy Amazon signed a corporate power purchase agreement (CPPA) with ENGIE, increasing its output share from Ocean Winds’ Moray West offshore wind farm. The agreement would bring Scotland’s total renewable energy capacity operational this year to 473MW when the site becomes operational later this year. ENGIE stated, “This is enough energy to power more than 650,000 […] Read more
