Microsoft Commits to New Climate Goals: 100/100/0 by 2030 Updated On Thu, Jul 15th, 2021 by Saurenergy Tech giant Microsoft has announced new goals: by 2030, the company will have 100% of its electricity consumption, 100% of the time, matched by zero carbon energy purchases. The new commitment expands the scope of Microsoft’s existing aims to execute power purchase agreements equivalent to 100% of its energy needs by 2025. “At Microsoft we […] Read more
World’s Biggest Green Energy Hub Proposed for Western Australia Updated On Wed, Jul 14th, 2021 by Saurenergy An international consortium is planning to build what would be the world’s biggest renewable energy hub in Australia, covering an area half the size of Belgium, to convert wind and solar power into green fuels like hydrogen. The consortium, which comprises of InterContinental Energy, CWP Global and Mirning Green Energy Limited, aims to build Western Green Energy […] Read more
APERC Approves Cancellation of Two Wind PPAs, Orders Discom to Pay Compensation Updated On Wed, Jul 14th, 2021 by Saurenergy The Andhra Pradesh Electricity Regulatory Commission (APERC) has issued a new order, ruling that the power purchase agreements (PPAs) entered into by wind developers Vibrant Greentech and Chaitanya Projects with the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) were not binding for the state distribution company. The ruling came in response to the petitions filed […] Read more
Avaada Has A Bangkok Connect, As Thailand’s GPSP Buys 41.6% Stake for Rs 3400 crores Updated On Wed, Jul 14th, 2021 by Saurenergy Leading Thailand based power utility-Global Power Synergy Public Company (GPSC) has acquired a 41.6% stake in renewable energy major Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion). That makes it among the largest renewable energy deals in India, which continues to consolidate as well as attract global capital. Deal Announcement GPSP firm […] Read more
GoodWe To Expand Residential Inverter Production, Received Order of 5000 units Updated On Tue, Jul 13th, 2021 by Saurenergy The Chinese solar PV inverter manufacturer GoodWe has today announced that it has received an order of 5,000 residential inverter units from the Germany-headquartered photovoltaic distributor, Krannich Solar. Hence, the firm will have to ramp up its residential inverter production. With the COVID-19 situation easing across various states, EPC and installers have resumed their projects […] Read more
Capgemini to Order Only Hybrid & EVs, Ends Pure Diesel/Petrol Orders Updated On Tue, Jul 13th, 2021 by Saurenergy French IT company Capgemini has announced that it will now order only hybrid and electric cars and vans for its 12,000-vehicle company fleet, stopping with immediate effect the order of new pure diesel or petrol vehicles as part of its plans to transition to a fully electric fleet by 2030. The company aims to achieve […] Read more
Hero Electric Raises Rs. 220 Crores From GII and OAKS Updated On Mon, Jul 12th, 2021 by Saurenergy Hero Electric, the market leader by sales in the electric two wheelers, has raised an investment of Rs. 220 Crore from a UAE-based financial services company Gulf Islamic Investments (GII), and an existing investor, OAKS investment partner. the funds will be deployed as Hero Electric seeks to make an impact in the crowded electric two […] Read more
BlackRock raises $250 M for Climate Projects in Asia, Latin America, Africa Updated On Mon, Jul 12th, 2021 by Saurenergy New York-based investment management company BlackRock has secured over $250 million from global investors and governments for the Climate Finance Partnership (CFP), which was introduced at the One Planet Summit in September 2018 under the leadership of French President Emmanuel Macron. CFP is a flagship blended finance vehicle that is designed to invest in climate solutions and […] Read more
US Adds 34 More Entities to Blacklist, 14 Chinese Enterprises In List Updated On Mon, Jul 12th, 2021 by Saurenergy Close on the heels of its move to impose sanctions on Chinese firms with a presence in that country’s Xinjiang province, for alleged human rights abuses, the US commerce department has expanded the scope of its actions now. The latest is a fresh list of 34 entities, 14 of whom are Chinese, which have been […] Read more
