UK’s Foresight Solar Fund Forays Into Battery Storage; Takes 50% stake in SBSL Updated On Tue, Aug 2nd, 2022 by Saurenergy Renewable energy player, Foresight Solar Fund Limited, has acquired stakes in Sandridge Battery Storage project after it has acquired 50 per cent equity in Sandridge Battery Storage Limited (SBSL), the company is developing and constructing a large energy storage facility in UK. The facility is a 50 MW lithium-ion battery energy storage system based in […] Read more
First Solar To Supply 2.4 GW Solar Modules To Intersect Power Updated On Mon, Aug 1st, 2022 by Saurenergy US-headquartered First Solar, has announced entering into an agreement to supply 2.4 GW of thin film solar PV modules to Intersect Power. The modules are scheduled to be delivered from 2024 to 2026. According to Intersect Power, the modules will be deployed in its solar, storage, and green hydrogen projects coming online across the USA […] Read more
SECI Extends Deadlines Of Two Solar Tenders Of 1710MW Cumulative Capacity Updated On Fri, Jul 29th, 2022 by Saurenergy The Solar Energy Corporation of India (SECI) has extended the deadline for its two big solar projects with a cumulative capacity of 1710 MW. The 1710 MW cumulative capacity entails two tenders: a 1680 MW Domestically Manufactured Solar PV Modules tender and a 30 MW Floating Solar PV (FSPV) Plants at Koderma, Mejia, and Raghunathpur […] Read more
USA Expands RE Share Rapidly, Several Reports Mutually Agree Updated On Fri, Jul 29th, 2022 by Saurenergy According to an analysis by the SUN DAY Campaign, three new reports released this week by the Energy Information Administration (EIA) of the United States of America all point to the same conclusion that renewable energy sources, led by solar and wind, continue to rapidly expand their share of the nation’s energy production and electricity […] Read more
Tata Green Switch Project Provides Access to Green Electricity in Jharkhand Updated On Thu, Jul 28th, 2022 by Saurenergy The primary provider of financial services for the Tata Group, Tata Capital has developed and launched the “Green Switch Project,” a CSR initiative. The distant areas of Jharkhand’s Simdega district will receive consistent and uninterrupted green electricity through this initiative. Under this Green Switch project, Tata Capital will provide clean home power to far-flung tribal […] Read more
500GW of Energy Storage Will Be Globally Available By 2031: Wood Mackenzie Updated On Thu, Jul 28th, 2022 by Saurenergy UK-based data provider Wood Mackenzie has released its Global Energy Storage Outlook today. According to this report, market growth for global energy storage has been uneven, with cumulative storage deployments anticipated to reach 500GW by 2031. Only 159-gigawatt hours (GWh) are projected for the region by 2031, compared to 422 GWh for China and 600 […] Read more
USA To Give $56 Million For Solar Manufacturing & Recycling Updated On Thu, Jul 28th, 2022 by Saurenergy The U.S. Department of Energy (DoE) will be funding new initiatives with $56 million which includes $10 million from President Biden’s Bipartisan Infrastructure Law, to spur innovation in solar manufacturing and recycling in the country. The government said that the funding will help make clean energy more affordable and reliable. Also, developing more solar power […] Read more
From $316.05M To $530.2M, Enphase Almost Doubles Revenue in Q2 2022 Updated On Thu, Jul 28th, 2022 by Saurenergy California-based microinverter manufacturer Enphase Energy has announced its consolidated results for the second Quarter ending June 2022. Enphase reported a 42.2% non-GAAP gross margin & $530.2 million in revenue in the second quarter of 2022, while the second quarter of 2021 was $316 million along with a 40.8% non-GAAP gross margin. In Q2 of 2022, Enphase […] Read more
Universal Solar To Open 600 MW PV Module Factory In Panama Updated On Thu, Jul 28th, 2022 by Saurenergy Large scale solar energy player Universal Solar has announced that it is in the process of opening a solar photovoltaic (PV) module manufacturing facility in Panama to supply U.S. and global solar developers and installers, and address challenges in the solar industry. The announcement was made by Chief Executive Officer (CEO) and Founder John Bereckis. […] Read more
