Longi Crosses 1 GW Milestone In Middle East, Looks Ahead To Much More Updated On Mon, Aug 21st, 2023 by Saurenergy Chinese solar major Longi has announced the shipping of over 1GW of solar modules to the Middle East distribution solar market by the second quarter of 2023. The number is a significant milestone for Longi as well as underscoring the high demand and interest in solar solutions for the middle east region. Solar majors have […] Read more
MNRE Releases Revised Strategy for Establishment of Offshore Wind Energy Projects Updated On Mon, Aug 21st, 2023 by Saurenergy The revised strategy for establishment of offshore wind energy projects has been chalked out and released recently by the MNRE (Ministry of New & Renewable Energy). Preliminary studies carried out by NIWE across the coastline of India indicate good potential both off the southern tip of the country and the West coast for offshore wind […] Read more
ReNew Q1 Fy24 Results- Profits, No. 1 Renewable Developer Crown Back Updated On Sat, Aug 19th, 2023 by Saurenergy Gurugram based, NASDAQ listed ReNew Energy Global Plc, which now calls itself a leading decarbonization solutions company, has announced its consolidated unaudited IFRS results for the three month period ended June 30, 2023. Operating Highlights: As of June 30, 2023, the Company’s portfolio consisted of 13.7 GWs, a 6.3% increase year on year, of which […] Read more
Avg Wholesale Electricity Prices in India in H1 2023 80% Higher than 2019 Levels: IEA Updated On Fri, Aug 18th, 2023 by Saurenergy IEA’s latest report entitled, ‘Electricity Market Report Update; Outlook for 2023 and 2024’ has shed light on the following findings- India has installed significant solar generation capacities in recent years, which helps meet daytime peak demand for cooling. However, evening peaks when the sun does not shine but temperatures remain very high pose a significant […] Read more
Lack of Logistics Support Major Hurdle for EV Market Growth in Africa: UNCTAD Updated On Fri, Aug 18th, 2023 by Saurenergy A recent report released by the United Nations Conference on Trade and Development (UNCTAD) suggests that Africa’s critical mineral industry can help manufacturers looking to diversify their supply chain. It can power their EV market and add value to their global supply chain. The report places the continent in the fifth position on the world’s […] Read more
Norway’s NorSun Eyes Expansion to 5 GW for US Solar Factory with US$8.5 Million Funding Updated On Fri, Aug 18th, 2023 by Saurenergy Oslo-based NorSun, which makes solar wafers, has pocketed NOK 90 million (USD 8.7m/EUR 7.9m) in equity financing. The freshly injected capital will aid its capacity expansion plans in Europe and other countries. This also entails the firm’s ambition to establish a 5 GW production facility in the US. The firm has also set sights on […] Read more
Consortium Formed for Sri Lanka’s Largest Private-Sector Renewable Energy Project with BESS Updated On Fri, Aug 18th, 2023 by Saurenergy A leading player in the renewable energy sector of Sri Lanka, WindForce PLC, has partnered with reputed IPP Lakdhanavi Ltd and the Blue Circle Pte Ltd- a Singapore-based renewable energy firm, for what is set to be Sri Lanka’s largest private-sector renewable energy project. The project, which will transform the energy landscape of the island […] Read more
RUMSL Issues Tender for 114 MW Solar Projects in Madhya Pradesh Updated On Fri, Aug 18th, 2023 by Saurenergy Rewa Ultra Mega Solar Limited (RUMSL) has invited bids for setting up 114 MW ground-mounted solar power projects in Madhya Pradesh. The projects will be set up across three districts of the state. The initiative, in partnership with Madhya Pradesh Power Generation Company (MPPGCL), looks at the integration of solar power into three thermal power […] Read more
Serbia Holds Maiden Auction for Renewable Energy Updated On Fri, Aug 18th, 2023 by Saurenergy Serbia recently conducted its maiden auction for renewable energy, for which, several bidders emerged successful. The tender witnessed 16 bids from wind and solar developers. Together, they bid for an aggregate capacity of 816 MW. Of this, 11 were valid boasting of capacity worth 739 MW. For the tender for wind energy, a quota of […] Read more
