Amazon’s Portfolio Can Power 7.2 million US Homes Each Year: Report Updated On Mon, Jan 22nd, 2024 by Saurenergy Amazon, a corporate company in the United States (US) invested in more than 100 new solar and wind energy projects in 2023, becoming the one of the corporate purchasers of renewable energy for the fourth year in a row. Amazon claims these investments include the company’s first brownfield project—which will repurpose a previously polluted Maryland […] Read more
IREDA Witnesses 67% Profit In Q3, Earnings Per Share Up by 57% Updated On Mon, Jan 22nd, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) recently announced its audited financial results for the third quarter of the fiscal year 2023-24. The company reported a 67% increase in profit, reaching a Profit After Tax (PAT) of ₹ 335.54 crores for the quarter. This performance is attributed to the consistent growth in the loan book […] Read more
India Has Around 32 GW of RE Projects Under Bidding Stage: RK Singh Updated On Mon, Jan 22nd, 2024 by Saurenergy Union Minister of New and Renewable Energy RK Singh said in a press conference that no country could excel without sufficient power. “The power shortage in India has come down from around 4.5% in 2014 to less than 1% today,” he said. He added, “Electricity is the most important infrastructure, which is a sine qua […] Read more
NTPC Issues Tender For 1200 MW Solar Project At Khavda, Gujarat Updated On Fri, Jan 19th, 2024 by Saurenergy The National Thermal Power Corporation (NTPC) today issued a tender, seeking bids for the supply of 1200 MW of solar power for the Khadva Solar Project in Kutch in Gujarat. The tender said, “Project has the DC Capacity (MWDC) – 1515 MWp (378.75 MWp * 4 Blocks). It contains Bi-facial module with minimum Wattage of […] Read more
Hybrid RE Power Can Cut LCOE Of Green H2 Upto $4.3/kg By 2030: Report Updated On Fri, Jan 19th, 2024 by Saurenergy A latest report from Wood Mackenzie claimed that solar-wind hybrid energy can be used to bring down the cost of production of Green Hydrogen. Wood Mackenzie is a research organization that published reports on energy and related issues. The latest report was specifically talked about the roadmap of India’s renewable sector to achieve net-zero. The Wood […] Read more
AIIB Invests In Eight Solar Projects Of 1.54 GW With Mahindra Susten Updated On Fri, Jan 19th, 2024 by Saurenergy The Asian Infrastructure Investment Bank (AIIB) a multilateral development bank has invested Rs 4.86 billion (around USD $58.4 million equivalent) in renewable energy Infrastructure Investment Trust (InvIT). InvIT (Sustainable Energy Infra Trust or SEIT), has eight operating solar power generation assets of 1.54 gigawatt (GW)-peak total capacity located in India. SEIT is co-sponsored by Mahindra […] Read more
Hybrid-Electric Car Registrations Surge By 26% In EU: ACEA Report Updated On Fri, Jan 19th, 2024 by Saurenergy European Automobile Manufacturers Association, (ACEA) recently shared data on the new registration of cars in the European Union (EU). In its data for 2023, it mentioned that the year concluded with a solid 13.9% expansion compared to 2022. It reached a full-year volume of 10.5 million units. In December, new EU registrations for hybrid-electric cars […] Read more
Europe Union Revised Carbon Emission Targets For Heavy Duty Vehicles Updated On Fri, Jan 19th, 2024 by Saurenergy The Council and the European Parliament’s negotiators reached a provisional political agreement on Carbon Dioxide (CO2) emission standards for heavy-duty vehicles (HDVs). Their aim is to further reduce CO2 emissions in the road transport sector and to introduce new targets for 2030, 2035 and 2040. The new rules will contribute to fulfilling the EU’s 2030 […] Read more
Battery Usage In Transport, Power Can Abate 60% Energy Needs: Report Updated On Thu, Jan 18th, 2024 by Saurenergy A recent report by Rock Mountain Institute (RMI) found that increase usage of battery in transportation can reduce fossil fuel requirements up to half. The report found, “Demand is growing on an S-curve. Battery sales have been doubling every two to three years, and we are on track for a six to eight times increase […] Read more
