KKR to Invest $400 Million in Sterlite Backed Serentica Renewables Updated On Tue, Nov 8th, 2022 by Saurenergy Kohlberg Kravis Roberts (KKR), a leading global investment firm, and Gurugram-based Serentica Renewables, a decarbonization platform that seeks to enable the energy transition by providing complex clean energy solutions for energy-intensive, hard-to-abate industries, have announced the signing of definitive agreements. Under the agreements, KKR will invest $400 million in the company. Standard Chartered Bank acted […] Read more
MENAP, CCA Regions Need Cumulative Investment of $884 Bn to Meet Emission-Curbing Goals Updated On Mon, Nov 7th, 2022 by Saurenergy A new study by the International Monetary Fund (IMF) has revealed that renewable energy expansion in the Middle East and Central Asian regions will require an investment that would equal one-fifth of their current GDP of the countries that fall in the regions. The IMF study has been conducted by Middle East and Central Asia […] Read more
Italy’s Enel, Israel’s Brenmiller Inaugurate Rock-Based Storage System ‘TES’ in Italy Updated On Mon, Nov 7th, 2022 by Saurenergy The largest utility in Italy Enel Group and Israeli firm Brenmiller Energy have set up an innovative, sustainable rock based energy storage system in Tuscany in Italy which is completely sustainable and capable of accelerating the energy transition. The integration of the thermal energy storage (TES) system with the existing power plant enables Enel and […] Read more
Sterlite Power Mulls Over Investment of Rs 50,000 Crore in RE in Karnataka Updated On Fri, Nov 4th, 2022 by Saurenergy Pratik Agarwal, Managing Director, Sterlite Power, has revealed that his company will invest Rs 50,000 crore in renewable energy in the state of Karnataka. Speaking at the Global Investors’ Meet, Pratik Agarwal held, “Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into […] Read more
Set up By Adani New Enterprises, Gujarat is the Site for India’s Tallest Wind Turbine Updated On Fri, Nov 4th, 2022 by Saurenergy As part of its expansion aspirations for renewable energy, Adani New Industries Ltd has built India’s tallest wind turbine in Mundra, Gujarat that is taller than the Statue of Unity and has blades that are wider than the wingspan of a jumbo airplane. According to a corporate statement, “Adani New Industries Limited (ANIL) recently announced […] Read more
After Promising Start, Karnataka Increases GIM Investment Plans Updated On Thu, Nov 3rd, 2022 by Saurenergy After the Global Investors’ Summit got off to a strong start, Karnataka increased its fundraising target by Rs 2.5 lakh crore to Rs 7.5 lakh crore, according to Union Finance Minister Nirmala Sitharaman. “When this global meeting was first being arranged, their initial expectations and goals were in the neighborhood of 5 lakh crore. Now […] Read more
Tdafoq Energy, Delectrik Systems Partner for Battery Project in Saudi Arabia Updated On Thu, Nov 3rd, 2022 by Saurenergy Tdafoq Energy of Riyadh, Saudi Arabia has entered into a distribution and manufacturing license with India-based Delectrik Systems. Tdafoq Energy will exclusively sell Delectrik’s Vanadium Redox Flow battery products manufactured in India in the Gulf countries. According to the official statement of the companies, the sales will take place in Bahrain, Kuwait, Oman, Qatar, Saudi […] Read more
Wärtsilä’s Gas Engines Reflect India’s Shift Towards Cleaner Power Generation Updated On Wed, Nov 2nd, 2022 by Saurenergy A 15.5 MW gas-fueled captive power plant will be provided by the technology company Wärtsilä gas under an idea, procurement, and construction (EPC) contract and a five-year operation and maintenance (O&M) agreement for Chennai. Tamilnadu Petroproducts Limited (TPL), a renowned producer of heavy chemicals and linear alkyl benzene (LAB), and a subsidiary of AM International, […] Read more
Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet Updated On Wed, Nov 2nd, 2022 by Saurenergy For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter. Total revenues at Rs 14, 163 crores were almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […] Read more
