ONGC, NTPC Green Enter JV To Build Offshore Wind Project In India Updated On Mon, Nov 18th, 2024 by Saurenergy ONGC NTPC Green Private Limited (ONGPL) was recently incorporated as a 50:50 joint venture between NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, and ONGC Green Limited (OGL), a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited. The authorized share capital of ₹10 lakh has been subscribed to explore and set up […] Read more
Q3 Results: GE Vernova Falls Short On Offshore Wind, Hits Onshore Targets Updated On Thu, Oct 24th, 2024 by Saurenergy GE Vernova Inc., a US-based wind energy company, secured $1.7 billion in orders in the third quarter ending September 30, 2024. The company reported a 19% organic decrease, attributing the drop to lower Onshore Wind equipment orders outside of North America. GE Vernova generated $2.9 billion in revenue, down 1% organically. Losses increased due to […] Read more
After China & Europe, India Set To Embark On Offshore Wind Journey Updated On Tue, Oct 15th, 2024 by Saurenergy After a thrust to offshore wind energy projects in China and Europe, swings of changes in this sector are now expected in India too. Last year, globally 10.8 GW of new offshore wind energy capacities were added, as per a report from the Global Wind Energy Council (GWEC). The lion’s share was taken by China […] Read more
MNRE Amends Offshore Wind Lease Rules To Ease Process Updated On Tue, Oct 1st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently announced an draft amendment to the offshore wind energy lease rules, aimed at regulating the leasing of offshore areas for wind energy projects. The government can now grant leases for up to 35 years, with the possibility of extending them on a case-by-case basis, depending on […] Read more
President Approves VGF Scheme For 1 GW Offshore Wind Projects Updated On Fri, Sep 13th, 2024 by Saurenergy President of India, Droupadi Murmu, has approved the government’s plan to award Viability Gap Funding (VGF) to boost offshore wind projects in India. The Ministry of New and Renewable Energy (MNRE), in its latest notification, stated that it has received approval for the plan. With the President’s sanction, India is now set to provide VGF […] Read more
UK Announces 9.6 GW of Renewable Awards In Sixth CfD Auction Updated On Thu, Sep 5th, 2024 by Saurenergy The much awaited renewable awards with contract for difference have been announced finally. The results were awaited eagerly following the abject failure of the last offer, and was considered particularly vital for the offshore wind industry after a string of bad news, including cancellation of awarded projects elsewhere in Europe. With £1.56 billion allocated to […] Read more
UK Raises RE Auction Funds, Offshore Wind Gets Largest Gain Updated On Wed, Jul 31st, 2024 by Saurenergy The United Kingdon (UK) government recently allocated a budget of over 1.5 billion pounds to deliver homegrown clean energy projects and boost the UK’s energy security Energy Secretary unveils this large budget to deliver new homegrown clean energy projects in the UK. The budget seeks to boost energy security, secure cheap power for families, and […] Read more
Will Europe Give In To Rising Dominance of China in Global Wind Energy? Updated On Tue, Jul 23rd, 2024 by Saurenergy Wind energy is arguably the second most impactful industry in the global renewable world, after solar. The sector continued its impressive growth in 2023, setting a new record for global new wind turbine installations, 34 per cent higher than in 2022. The world installed added over 116 Gigawatt (GW) of new wind capacity during the […] Read more
Global Floating Wind Industry Reached 270 GW In FY24: IRENA Updated On Tue, Jul 16th, 2024 by Saurenergy While still in its infancy, the global floating wind industry reached approximately 270 MW of operational capacity as of 2023. However, the international pipeline indicates a growing interest with 244 GW of new floating wind projects in development. The latest International Renewable Energy Agency (IRENA) report on offshore wind power highlights its high-capacity factors and […] Read more
