Q3 2024: Australia Sees $3.3B New RE Projects, Surpasses 2023 Record Updated On Wed, Nov 13th, 2024 by Saurenergy Australia saw strong renewable energy and storage investment in the third quarter (Q3) of 2024. According to the Clean Energy Council’s latest Quarterly Renewables Report. Australia added 1,405 MW of capacity ($3.3 billion) in new large-scale renewable generation projects during Q3 of 2024, exceeding the total in 2023. Currently, over 40 percent of Australia’s electricity […] Read more
India’s RE Investment Hits USD 12.4 Bn, Falls Short of 2030 Target: Report Updated On Tue, Nov 12th, 2024 by Saurenergy India’s renewable energy investment has grown to USD 12.4 billion in 2023, up from 2020. However, investment remains far below the estimated USD 200 billion required to achieve India’s goal of 500 GW of non-fossil fuel electricity capacity by 2030. According to the Zero Carbon Analytics report’s findings, to meet the 500 GW of non-fossil […] Read more
RE Push Can Lead To 24% Dip In Coal Power Generation By 2030: CEEW Study Updated On Fri, Nov 8th, 2024 by Saurenergy India’s current climate policies are already helping bend its long-term emissions curve and are projected to reduce CO2 emissions by almost 4 billion tones between 2020 and 2030, a latest report from the Council on Energy, Environment and Water (CEEW) said. This reduction is equivalent to nearly 1.6 times the European Union’s CO2 emissions in […] Read more
Clean Energy Projects Dominate In Nine BRICS Countries: Report Updated On Tue, Oct 22nd, 2024 by Saurenergy BRICS is set to hold its latest summit in Russia, marking the 16th annual summit for the association. The summit will take place from the 22nd to the 24th of October this year to discuss the burgeoning economic and global challenges faced by the countries. The summit also sets the stage to evaluate the changes […] Read more
Volue Set To Build Trading Platform For RE Operators Updated On Fri, Sep 27th, 2024 by Saurenergy Volue, a Norwegian technology company headquartered in Oslo, recently launched its new Position Closer solution’s SaaS model for the energy market. Volue Position Closer is a software module launched, as part of the new ‘Volue Green Empower Ecosystem’. Over the next 18 months and beyond, Volue plans to expand this ecosystem with several new modules, […] Read more
Hybrid Solar, Wind Projects To Fuel Cochin Shipyard Operations Updated On Wed, Sep 25th, 2024 by Saurenergy The Kerala government’s Energy Management Centre (EMC) has initiated plans to power Cochin Shipyard Limited (CSL) with renewable energy. To move forward with this initiative, a tender has been issued seeking consultants for the project. The last date of bid submission is September 30. Established in 1972, Cochin Shipyard Limited is a prominent shipbuilding and […] Read more
RE Project Delays Can Halt Global 2030 Targets: IEA Updated On Wed, Sep 18th, 2024 by Saurenergy Globally, the recent shift in solar PV and wind demand highlights the urgent need for timely integration of these technologies. Such integration is crucial for achieving global decarbonization goals and can significantly contribute to meeting growing electricity demands by 2030. The International Energy Agency (IEA), in its recent report titled “Integrating Solar and Wind: Global […] Read more
L&T Carves Out Renewable Energy Vertical In Its Infrastructure Segment Updated On Mon, Sep 2nd, 2024 by Saurenergy Effective from 1st September 2024, Larsen & Toubro (L&T) carved out a separate business vertical for renewable EPC out of its Power Transmission and Distribution (PT&D) business, within its Infrastructure Projects segment. L&T has created the Renewable EPC business, as an addition to its construction verticals. The move comes at a time when the division […] Read more
Solar Generation In India Improved In FY24: Fitch Ratings Updated On Mon, Sep 2nd, 2024 by Saurenergy In the financial year ending March 2024 (FY24), India saw improved power generation performance. However, overall power generation was slightly below the one-year P90 forecasts, Fitch Ratings reports. Fitch Ratings, a credit rating organization headquartered in both New York and London, observed an increase in generation at the portfolio level. The company reported a 4% […] Read more
