Essar Group to Invest $3.6 Billion in Energy Transition in UK, India Updated On Tue, Feb 28th, 2023 by Saurenergy Mumbai headquartered Essar Group has formed the Essar Energy Transition (EET) with the objective to invest a total of $3.6 billion in developing a range of low carbon energy transition projects over the next five years in India and the United Kingdom. Essar Group held that EET of the total investment, $2.4 billion will be […] Read more
The 5 Questions 2023 Could Answer for Renewable Energy in India Updated On Tue, Feb 21st, 2023 by Saurenergy India has over 174 GW of installed renewable capacity, including large hydropower at the conclusion of December 31, 2022. Solar power constituted the largest share of about 64 GW of the total. Wind power (41.9 GW), large hydro (46.85 GW), biomass/co-generation (10.2 GW), small hydro power (4.93 GW), and waste to energy with 0.52 GW […] Read more
Morocco Eyes 1.6 GW Renewables with $1.95 Billion Investment in Disputed Western Sahara Area Updated On Thu, Feb 9th, 2023 by Saurenergy Morocco is emerging as the top performer when it comes to the adoption of renewables and minimizing the use of fossil fuels to generate power. In a new development, Morocco has launched a new project for renewable energy development in Western Sahara region with a massive investment of 20 billion dirhams ($1.95 billion). The announcement was made […] Read more
SWRE Net Loss Contracts To Rs 99 Cr In December Quarter Updated On Fri, Jan 20th, 2023 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWREL) has announced that it has narrowed its consolidated net loss to Rs 99.15 crore in the third quarter ending December. Sterling and Wilson said that the reduction in the losses is caused mainly due to lower expenses. With an EPC portfolio of close to 13 GW and an […] Read more
SOFAR Launches 100-125kW C&I PV Solutions For Global Market Updated On Thu, Jan 19th, 2023 by Saurenergy Global supplier of solar PV and energy storage solutions – SOFAR – has launched its new inverter for the global market called SOFAR 100-125KTL-G4 at World Future Energy Summit (WFES). SOFAR said that the new inverter is optimized for C&I and small-scale utility solar. The product also features the integration of ultra-high current, easy installation […] Read more
EDF Renewables & Munich Re’s MEAG to Invest in US Renewable Energy Projects Updated On Wed, Dec 28th, 2022 by Saurenergy The United States is witnessing unprecedented growth in renewable energy. In a key development, EDF Renewables North America and MEAG, acting in its capacity as Munich Re’s global asset manager, announced the closing on a strategic investment whereby a subsidiary of Munich Re acquired a 50% stake in two renewable energy projects in California. The […] Read more
Repsol Buys RE Investment Platform Asterion Energies to Add 7.7 GW to Portfolio Updated On Tue, Dec 20th, 2022 by Saurenergy Spanish multinational energy and petrochemical company – Repsol – has announced the signing of the acquisition of Asterion Energies from European infrastructure fund Asterion Industrial for EUR 560 million plus up to EUR 20 million in contingent payments. Repsol said it looks to become a global player in renewable energy and strengthen its position in […] Read more
Spain’s Fotowatio Renewable Ventures Acquires Majority Stake in 600 MW Greek BESS Updated On Wed, Nov 9th, 2022 by Saurenergy Sustainable energy solutions developer, Fotowatio Renewable Ventures (FRV), as part of Abdul Latif Jameel Energy, has announced the acquisition of a majority stake in a 600 MW battery electricity storage systems (BESS) project from Wootis SA in Greece. The battery storage is divided into several facilities spread across Greece. Madrid-headquartered FRV said in its official […] Read more
With 165 GW Achieved, Investment of Over $300 Bn Needed to Achieve Another 335 GW by 2030 Updated On Mon, Nov 7th, 2022 by Saurenergy India needs strategic investments of more than $300 billion to achieve its clean energy capacity target of 500 GW by 2030, Arthur D. Little (ADL) has postulated a new study. Further, the study states that with 165 GW generation capacity already in place, India is on the right trajectory to meet its goal of having […] Read more
