India Overtakes Japan To Become World’s 3rd Largest Solar Power Generator Updated On Wed, May 8th, 2024 by Saurenergy India’s growth in solar generation in 2023 pushed the country past Japan to become the world’s third-largest solar power generator, according to a report by global energy think tank Ember. It has climbed from ranking ninth in 2015. The Global Electricity Review provides the first comprehensive overview of the global power system in 2023 based […] Read more
IEA Report Advocates Digital Integration Of Power Grids To Boost Efficiency Updated On Mon, May 6th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) report highlighted the importance of matching growth with clean energy transition through digital power grids. The IEA report presented electricity transmission through the power grid as an alternative to support urban areas with more than 80% of the global GDP. They report contribute to more than […] Read more
Fortum Sells Stake In Indian Solar Portfolio To Gentari Renewables Updated On Fri, May 3rd, 2024 by Saurenergy Finland-based Fortum sold its ownership in the 185-MW Indian solar portfolio and is considering alternatives for its remaining operations in India. Fortum signed an agreement to sell the remaining 43.75% share of its Indian solar power portfolio to Malaysia-based Gentari Renewables India Pte. Ltd., a subsidiary of clean energy solutions provider Gentari Sdn. Bhd. Gentari […] Read more
FY24: India’s Annual Solar Power Generation Increased By 14%: CEA Updated On Fri, May 3rd, 2024 by Saurenergy The Central Electricity Authority (CEA) has now released its annual renewable energy generation report for 2023-24. The report revealed that despite the historic rise of renewable energy in India during FY24, thermal energy sources continued to take the lead in India’s total energy generation. However, the good news is that India’s annual solar power generation increased by […] Read more
Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
SJVN Invites Bids For 1200 MW Solar Power Projects Across India Updated On Thu, May 2nd, 2024 by Saurenergy Hydro, and now, all renewable focused PSU SJVN Limited has invited proposals for selection of solar power developers. The company released a tender for setting up of 1200 MW ISTS-connected solar power projects anywhere in India under tariff-based competitive bidding, on build-own-operate (BOO) basis. SJVN is expected to enter into a Power Purchase Agreement (PPA) […] Read more
India’s Aluminium Industry Needs USD 29 Bn CAPEX To Go Net-Zero: CEEW Updated On Wed, May 1st, 2024 by Saurenergy The Indian aluminum industry requires an additional capital expenditure (CAPEX) of nearly Rs 2.2 lakh crore (USD 29 billion) to achieve net zero carbon emissions, according to Council on Energy, Environment and Water (CEEW) study. CEEW in its recent report found that renewable energy (RE) power sources could abate 49 percent of the total emissions […] Read more
NHPC Collaborates With Norwegian Firm To Develop Floating Solar Updated On Tue, Apr 30th, 2024 by Saurenergy NHPC recently signed a Memorandum of Understanding (MoU) with a Norway-based company Ocean Sun. Through this collaboration, the Norwegian technology provider would support India in building floating solar projects. In a social media post, the company announced it would explore key areas of cooperation for the demonstration of Ocean Sun’s floating solar energy technology. The […] Read more
April ALMM List-As Capacity Touches 44.6 GW, First Solar Makes Entry Updated On Mon, Apr 29th, 2024 by Saurenergy The latest released Approved List Of Module Manufacturers (ALMM), released by the Ministry of New and Renewable Energy (MNRE) on April 29 pegged the total enlisted module manufacturing capacity at 44.6 Gigawatt (GW). This is as against the earliest enlisted capacity of 41.5 GW. Accounting for a significant part of the jump in the domestic […] Read more
