ArcelorMittal’s 1GW Renewable Energy Project Begins Power Supply To Nippon Steel Updated On Fri, May 9th, 2025 by Saurenergy ArcelorMittal’s 1GW solar and wind project located in Andhra Pradesh, southern India, has recently started providing clean electricity to AM/NS India which is ArcelorMittal’s 60/40 Indian steelmaking joint venture with Nippon Steel. The $0.7 billion project was developed, constructed, and commissioned by AM Green Energy, an ArcelorMittal subsidiary. The India renewables project has been developed […] Read more
India’s Renewable Energy Sector Sees Surge In FDI: CEEW Updated On Thu, May 8th, 2025 by Saurenergy India’s renewable energy sector accounted for nearly 8 percent of total foreign direct investment (FDI) inflows in the financial year 2024-25, up from about 1 percent in FY21. The trend was revealed in the latest Market Handbook released by the Council on Energy, Environment and Water’s Green Finance Centre (CEEW-GFC). The sector attracted USD 3.4 […] Read more
BioLite Acquires Baobab+ To Further Renewable Energy In Africa Updated On Thu, May 8th, 2025 by Saurenergy Paris-based Baobab Group which provides financing to MSMEs mostly in Africa, has announced the successful completion of the sale of its majority stake in Baobab+ to BioLite. Headquartered in New York and Nairobi, BioLite was founded in 2009 by Jonathan Cedar and Alec and distributes off grid energy products. This strategic divestment will enable Baobab+ […] Read more
GE Vernova Wins Powergrid EHV Gear Order For Renewable Energy Corridors Updated On Fri, May 2nd, 2025 by Saurenergy GE Vernova has been chosen by Power Grid Corporation of India Limited (POWERGRID) to supply more than 70 extra-high-voltage transformers and shunt reactors for key transmission projects across India. The 765 kV units will support transmission infrastructure for renewable power evacuation projects under India’s Tariff-Based Competitive Bidding (TBCB) framework. The order was secured via GE […] Read more
97% Business Leaders Support Shift Towards Renewable Energy: Report Updated On Wed, Apr 23rd, 2025 by Saurenergy A global survey of business executives across 15 countries shows overwhelming support for a rapid transition from fossil fuels to renewable energy. The poll found that 97 percent of leaders from mid-market and large companies back a move away from coal and other fossil fuels, with nearly 78 percent supporting a renewables-based electricity system by […] Read more
