Dupont Signs VPPA With NexEra Energy for 135 MW of Wind Energy Updated On Fri, Sep 24th, 2021 by Saurenergy DuPont (NYSE: DD) announced on September 23 that it has signed a virtual power purchase agreement (VPPA) with a subsidiary of NextEra Energy Resources, LLC with a generation capacity of the equivalent of 135 megawatts of new wind energy in Texas. The agreement, subject to customary performance conditions, supports DuPont’s Acting on Climate goal of reducing […] Read more
Torrent Power Buys 156 MW Wind Capacity from CESC Updated On Wed, Sep 22nd, 2021 by Saurenergy Torrent Power on Tuesday announced that it has inked a share purchase pact to acquire 156 MW wind power projects for about Rs 790 crore from Surya Vidyut, an arm of CESC Ltd. Surya Vidyut operates 156 MW wind power plants spread across the states of Gujarat, Rajasthan and Madhya Pradesh, a statement said. The […] Read more
Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Vestas to Shut Down Three Offshore Wind Factories in Europe Updated On Tue, Sep 21st, 2021 by Saurenergy Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […] Read more
MSEDCL, MERC Face Censure From APTEL Over Payment Delays To Wind Developer Updated On Tue, Sep 21st, 2021 by Saurenergy In a highly critical new order, the Appellate Tribunal for Electricity (APTEL) has ruled against the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), quashing its appeal against “interest on interest,” as imposed on it by the Maharashtra Electricity Commission (MERC), which awarded 1.25% penalty interest on 1.25% delayed payment charges interest to Rajalakshmi Minerals, a […] Read more
Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Maha Govt, JSW Sign MoU for Green Projects Worth ₹35,500 Cr Updated On Wed, Sep 15th, 2021 by Saurenergy The Maharashtra government and power major JSW Energy Ltd have signed two MoUs to set up two green projects worth Rs 35,500 crore. The agreement is part of the slew of initiatives under the state government’s Magnetic Maharashtra 2.0 initiative, started last year, to focus on stimulating investment and growth. “The two new projects will […] Read more
Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland Updated On Tue, Sep 14th, 2021 by Saurenergy Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […] Read more
TRIG Completes Buyout Of StatKraft Solar Projects in Spain Updated On Mon, Sep 13th, 2021 by Saurenergy Norwegian state-owned firm Statkraft has confirmed the sale of a portfolio of solar projects in southern Spain for an undisclosed sum to The Renewable Infrastructure Group, (TRIG), managed by InfraRed Capital Partners and RES. Statkraft will maintain responsibility for the construction of the four solar parks, which will be co-located in Cadiz and have a total […] Read more
