Goldman Sachs Says ‘Hydrogen Generation’ Can Be A Trillion Dollar Market Updated On Thu, Feb 24th, 2022 by Saurenergy Goldman Sachs – major banker and think tank – says that hydrogen has a key role to play in the transition to net-zero carbon emission scenario and that hydrogen production has the potential to create a niche market worth more than $1 trillion every year. In a recent media interaction, Goldman Sachs’ commodity equity business […] Read more
16 Megawatt Offshore Wind Turbine to Come Up in China Updated On Thu, Feb 24th, 2022 by Saurenergy Chinese domination in the renewable energy sector continues with the latest announcement of wind turbine manufacturer MingYang Smart Energy’s plans to deploy two giant wind turbines, with 16 megawatts (MW) capacity each, in the South China Sea. Sources say that the installation will take place at the MingYang Yangjiang Qingzhou Four offshore wind farm. According […] Read more
Siemens, Desert Technologies form ‘Capton Energy’ to develop solar projects Updated On Wed, Feb 23rd, 2022 by Saurenergy To provide a major boost to the ongoing energy transition, Saudi Arabia based solar power company Desert Technologies and Siemens have launched a joint venture (JV) called Capton Energy. The announcement has revealed that the novel joint venture will be jointly owned by financing arm of Siemens called Siemens Financial Services (SFS) and the Saudi Arabian company. […] Read more
MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme Updated On Sun, Feb 20th, 2022 by Saurenergy Union minister for Power and Renewable Energy RK Singh has said that the fresh bids will be invited for the setting up of 40,000 MW production capacity for solar modules and cells under the production-linked incentive (PLI) scheme. Finance Minister Nirmala Sitharaman had made an additional outlay of Rs 19,500 crore for the PLI scheme […] Read more
Sungrow Ties Up With Comtronics for Distribution in Nepal Updated On Fri, Feb 18th, 2022 by Saurenergy Sungrow Power has signed a new distribution agreement with Comtronics Pvt. Ltd., a Nepalese company with an objective to develop and satisfy multi-disciplinary clients’ technical needs in Renewable Energy field. Sungrow is leading inverter supplier for renewables. This agreement marks Sungrow’s forward-looking strategy in developing the emerging markets of renewable energy ahead of competitors. […] Read more
AMPYR gets $455m for 2GW of new solar energy projects Updated On Fri, Feb 18th, 2022 by Saurenergy European conglomerate AMPYR Solar Europe (ASE) has secured a massive facility of $455 million or €400 million that will enable the company to establish about 2GW of solar power capacity into operation. This project will span the entire Europe and shall be complete by 2025. The facility has been secured from CarVal Investors. AMPYR Solar […] Read more
MNRE Issues Framework to Promote Decentralised RE Livelihood App Updated On Fri, Feb 18th, 2022 by Saurenergy The Ministry of New & Renewable Energy (MNRE) has issued a ‘Framework for Promotion of Decentralised Renewable Energy (DRE) Livelihood Applications’. DRE technologies are basically solutions, systems or products powered by renewable energy that help people to make a living. Solar looms, solar pumps, biomass powered cold storage and so on are some of the […] Read more
Chile to Hold 5.25GWh RE Auctions Over Next 15 Years Updated On Thu, Feb 17th, 2022 by Saurenergy The Chilean Energy Regulator (CNE) has launched an auction to provide 5.25GWh of electricity to the national grid. This will take placevover a period of 15 years and the addition of electricity will begin from 2027. The new information has been shared by the Regulator on its website. According to the latest note, the consultation […] Read more
China’s sunset on wind and solar subsidies could impact climate change efforts: IFFRAS Updated On Wed, Feb 16th, 2022 by Saurenergy International Forum for Rights and Security (IFFRAS) – a Canada based think tank – has reported that the renewables’ expansion that has been in full flow in China can see a reversal. In 2021, China finally ended many subsidies on solar and wind energy. This will discourage the use of cleaner sources of energy and […] Read more
