At COP27, UAE And Egypt Agree to Build One of the Largest Wind Farms Updated On Thu, Nov 10th, 2022 by Saurenergy An agreement to build one of the largest onshore wind projects in the world in Egypt was signed recently in the presence of the Presidents of the United Arab Emirates (UAE) and Egypt, according to a formal statement. As per the statement, the agreement was signed by Masdar, a company that develops renewable energy in […] Read more
ReNew Power Gets Green Project Finance of Rs 800 Cr from Bank of America Updated On Wed, Nov 9th, 2022 by Saurenergy ReNew Power has received a loan/ green project finance from Bank of America totaling roughly Rs 800 crore, the lender’s first local project financing agreement in the renewable energy industry after a protracted absence. The company will benefit from cheaper funding costs thanks to the five-year green loan facility in rupees, as the money will […] Read more
Vivek Reddy Joins Telangana’s BikeWo as Co-Founder & CEO Updated On Wed, Nov 9th, 2022 by Saurenergy BikeWo, an electric two-wheeler brand with headquarters in Telangana, recently announced the appointment of Vivek Reddy as Co-Founder & CEO. Vivek has a wealth of experience in the infrastructure, energy, and environmental sectors. He has participated in the negotiation of several strategic agreements for large-scale renewable and non-renewable projects, both domestically in India and abroad […] Read more
Three Firms That Have Surprised Us With Their Plunge Into EV Charging Updated On Wed, Nov 9th, 2022 by Saurenergy The EV charging business–fueling a car with electric power rather than petroleum-based gas or diesel – has always been a loss for oil companies who are being dragged into the electric future. It may not be that way anymore. With an increase of EVs on roads, many old industrial mammoths, especially major oil firms, are […] 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
ACEN Completes World’s First ETM Transaction, Retiring Out Coal Plant Updated On Wed, Nov 9th, 2022 by Saurenergy ACEN, the energy platform of the Ayala Group, has disclosed the full divestment of the South Luzon Thermal Energy Corporation (SLTEC) coal plant using the energy transition mechanism (ETM), the first ETM deal in the world. The official statement by ACEN informs that the landmark transaction will enable the early retirement of the 246-MW coal […] Read more
EU, Kazakhstan Sign Agreement on Critical Raw Materials, Batteries & Renewable Hydrogen Updated On Wed, Nov 9th, 2022 by Saurenergy On the sidelines of COP27 in Egypt, European Commission President Ursula von der Leyen and Alikhan Smailov, Prime Minister of Kazakhstan, have signed an MoU to develop renewable hydrogen and battery value chains. The objective is to boost the green and digital transformation of both sides’ economies. The agreement is also aimed at ensuring development […] Read more
Offers For 3500 MW Pour In For PTC India Call For 1000 MW RE From Developers Updated On Wed, Nov 9th, 2022 by Saurenergy PTC India, the listed power trading firm, has announced that it has received a strong response to its call for expressions of interest from relevant players to supply 1000 MW of renewable energy for onward sales through market linked products. The 500 MW plus 500 MW greenshoe option was part pf Phase 1 of PTC […] Read more
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
