NTPC Secures another PMC Contract to Develop 500 MW Solar Park in Mali Updated On Wed, Jun 24th, 2020 by Saurenergy Adding more heft to its renewable ambitions to transition from a coal burning major, the country’s largest power generation utility NTPC has secured another Project Management Consultancy (PMC) contract for the development of 500 MW solar park in the Republic of Mali under the ISA initiative. This is the second project where a central PSU […] Read more
NITI Aayog, ITF Jointly Launch Decarbonizing Transport Project in India to Check CO2 Emissions Updated On Wed, Jun 24th, 2020 by Saurenergy With an aim to develop a path to a low-carbon transport system for the country, policy think tank NITI Aayog and the International Transport Forum (ITF) of OECD on Wednesday jointly launched the ‘Decarbonizing Transport in Emerging Economies’ (DTEE) project in India. This is an ambitious 5-year project, which seeks to help India in developing […] Read more
Wells Fargo Inks Deal with Shell, MP2 Energy to Buy Renewable Power Updated On Wed, Jun 24th, 2020 by Saurenergy USD 1.98 trillion company Wells Fargo has signed a structured renewable energy (RE) agreement with Shell Energy North America (Shell Energy) and its arm MP2 Energy, to purchase about 1,50,000 MWh of renewable energy every year. The deal will enable the company to use renewable power to meet 100 per cent of its energy consumption […] Read more
CIT Arranges $85 Mn Financing for 80 MW Solar Project in Colorado Updated On Wed, Jun 24th, 2020 by Saurenergy Financial holding company CIT Group through its Power and Energy unit has arranged USD 85 million financings for an 80 MW Pioneer Solar project located in Colorado. CIT further served as sole lead arranger for financing on behalf of project sponsor Idemitsu Renewables, a leading solar project developer that has successfully built and sold hundreds of […] Read more
Targeted Public Spending, Policy Action will Bring Immediate Jobs, Boost GDP: Report Updated On Wed, Jun 24th, 2020 by Saurenergy Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation said the International Renewable Energy Agency (IRENA) in its newly published report. The intergovernmental agency, IRENA, in its report “Post-COVID recovery: An agenda for resilience, development and equality” outlines […] Read more
CERC’s Order Lowering REC Forbearance, Floor Price Removal Positive for Obligated Entities Updated On Wed, Jun 24th, 2020 by Saurenergy With the significant reduction in wind and solar power tariffs during the last three years, the power sector regulator Central Electricity Regulatory Commission (CERC) has recently reduced the forbearance prices and also removed the floor price for the Renewable Energy Certificates (RECs). This move is expected to negatively impact the REC projects, even as it […] Read more
Iberdrola Agrees Deal for Stake in 9 GW of Offshore Wind Projects Updated On Wed, Jun 24th, 2020 by Saurenergy Iberdrola has agreed on a deal to take “majority acquisitions” in the future development of up to 9 GW of offshore wind energy projects in Sweden. Iberdrola has agreed on a deal to take “majority acquisitions” in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to […] Read more
The Philippines Power Sector can Reach Resilience by 2021: IEEFA Updated On Wed, Jun 24th, 2020 by Saurenergy The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector a new report from IEEFA details The Philippines could come out COVID-19 with cheaper electricity prices and a more competitive and reliable power sector if it swapped its reliance on expensive coal power for cheaper renewables and […] Read more
Silicon Ranch Begins Work on 20 MW PV Project to Power FB Data Centre Updated On Wed, Jun 24th, 2020 by Saurenergy Silicon Ranch and PCL have begun construction on the 20 MW Odom Solar Farm, located near the city of Moultrie in Colquitt County, in Southwest Georgia. Silicon Ranch Corporation, one of the largest independent solar power producers in the US, and PCL Construction Services, one of the largest contractors in North America, have announced that […] Read more
