Canada Launches Climate Action Incentive Fund Updated On Mon, Jun 3rd, 2019 by Saurenergy Businesses that plan to build renewable energy projects are eligible to receive up to 25% of project-related costs, with funding ranging from C$20,000 to C$250,000, under the Climate Action Incentive Fund. The government of Canada has launched a new incentive program, the Climate Action Incentive Fund (CAIF), to help fight climate change, the federal […] Read more
Energy Sector Yet to Realise the Full Potential of Intelligent Automation Updated On Fri, May 31st, 2019 by Saurenergy The global energy and utilities sector is making increasing use of intelligent automation, including a significant rise in the use of Artificial Intelligence (AI) since 2017, but executives are underestimating its full potential with large scale projects taking a back seat, according to new research from the Capgemini Research Institute. The report highlights that the […] Read more
Finolex Cables Posts Profit Jump in Q4 Updated On Thu, May 30th, 2019 by Saurenergy Finolex Cables Ltd., (FCL) recently released its results for the fourth quarter as well as the full year of 2018-19. Revenues for the quarter ended March 2019 were Rs.8216.9 million as against Rs.7992.0 million for the corresponding period in the year 2017-18 representing a 3% growth in value terms. In volume terms, all Electrical Wires […] Read more
MNRE Mulling Over Public Portal To Disclose Payment Delays by Discoms Updated On Fri, May 24th, 2019 by Saurenergy MNRE may open an online portal to publicly disclose the status of Discoms’ payments. The Ministry of New and Renewable Energy (MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms). The move is expected to usher in more transparency in pending payments. […] Read more
EDP and Engie Join Forces To Enter Offshore Wind Sector Updated On Wed, May 22nd, 2019 by Saurenergy This ambitious alliance follows EDPR and ENGIE’s successful six-year cooperation as consortium partners in the Dieppe Le Tréport and Yeu Noirmoutier fixed offshore wind projects in France and Moray East and Moray West in the UK. French Power utility, Engie and Portugal’s largest electricity operator EDP have announced the signing of a strategic Memorandum of Understanding […] Read more
Adani Green Energy Offers 8.75 Crore Shares For Sale Updated On Tue, May 21st, 2019 by Saurenergy Adani Tradeline LLP and Universal Trade and Investment together would offer 8.75 crore equity at an offer price of Rs 43 per piece and the OFS will open for one day on Tuesday, May 21, 2019. Adani Green Energy has issued in a statement that two of its promoters Adani Tradeline LLP and Universal Trade […] Read more
Missing The Sunshine – Mini Grids in India Updated On Tue, May 21st, 2019 by Saurenergy Even as the solar story develops in India, there is a part of the sector that has quietly been working and making an impact in its own way. Yes, Mini Grids and even micro grids, in the limited opportunities they have had in the country, have made a strong case for themselves. Serving areas that […] Read more
Vattenfall & GE to Cooperate on Deployment of Largest Offshore Turbine in Europe Updated On Mon, May 20th, 2019 by Saurenergy Vattenfall and GE Renewable Energy plan to join forces in the deployment of GE’s new wind turbine, the Haliade-X in Europe. With a capacity of 12MW, it is the largest offshore wind turbine on the market to date. Development and production of the new 12MW turbine. It features a 220-meter rotor, a 107-meter blade (the […] Read more
APICORP Signs $75 Mn Financing Facility with Saudi Renewable Firm Alfanar Updated On Wed, May 15th, 2019 by Saurenergy The 5-year financing facility has been initially designed to support the Saudi-based renewable energy developer’s renewables energy projects, most notably the wind project it is currently developing in Spain. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar […] Read more
