India To See 8% Rise In Electricity Consumption In 2024: IEA Report Updated On Mon, Jul 22nd, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that India’s total electricity consumption is set to rise by around 8 percent in 2024. It also said that power consumption is set to the rise significantly in countries like China, India and the United States (US). IEA’s latest report titled ‘Electricity Mid-Year Update’ talked […] Read more
Repsol, EDF Ink Deal For Offshore Wind Project In Spain & Portugal Updated On Fri, Jul 19th, 2024 by Saurenergy Repsol and EDF Renewables reached an agreement to join forces in view of the future offshore wind tenders in Spain and Portugal, given that the Iberian Peninsula offers significant growth opportunities. To develop its portfolio of renewable projects, the company has set an investment framework of between €3 and €4 billion net until 2027. Repsol […] Read more
Global Battery Storage Capacity Set To Reach 2,200 GW By 2050: Report Updated On Mon, Jul 15th, 2024 by Saurenergy BP Energy Outlook 2024 report, reported a rise in global power generation to nearly 25,000 TWh under current projections. This increase is closely paralleled by an approximately eight-fold rise in wind and solar power, reaching 23,000 TWh. The study projects a 40% decline in global coal-fired generation by 2050, with significant decreases expected across most […] Read more
Brazil Leads Among G20 Countries With Higher RE Capacity: EMBER Updated On Fri, Jul 12th, 2024 by Saurenergy Brazil has made recent advancements in increasing renewable energy in the total energy mix. According to the data shared by EMBER, the country powered 89% of electricity in 2023 from wind and solar. This solidified Brazil’s position as one of the leading G20 countries in renewable electricity generation in South America. The report found that […] Read more
India’s Solar Capacity Crosses 85 GW, Installations Pick Pace Updated On Thu, Jul 11th, 2024 by Saurenergy India’s total solar energy capacity has now surpassed 85 Gigawatt (GW), latest data from the Ministry of New and Renewable Energy (MNRE) said. The ministry said that with the addition of the new solar capacities in June this year, India’s total renewable capacity (excluding large hydro) touched 148 GW. The ministry’s monthly progress report said […] Read more
SECI Invites Bids To Select Developers For 400 MW Hybrid Projects Updated On Mon, Jul 1st, 2024 by Saurenergy The Solar Energy Corporation of India (SECI) has now invited proposals for setting up Inter-State Transmission System (ISTS)-connected hybrid power projects in India, on a build-own-operate (BOO) model for an aggregate capacity of 400 MW. The tender invited bids for the inter-state transmission system (ISTS-connected) wind-solar hybrid power projects in India under SECI-Tranche-IX. The last […] Read more
India Adds 11GW Solar Capacities In The First 5 Months Of 2024 Updated On Wed, Jun 12th, 2024 by Saurenergy The latest statistics from the Ministry of New and Renewable Energy (MNRE) revealed that India added around 11 GW of new solar capacities in the first five months of 2024. However, wind capacity additions remained on a lower side. The latest monthly renewable energy capacity report from the MNRE said that India added 2463.82 MW […] Read more
IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024 Updated On Thu, Jun 6th, 2024 by Saurenergy The International Energy Agency’s (IEA) recent report on world energy investment found that investment in solar PV surpassed all other generation technologies combined. It found a noticeable rise in solar panel costs that have decreased by 30% over the last two years. International Energy Agency (IEA) report said, “The prices for minerals and metals which […] Read more
Suzlon Reports Highest Ever Orders With India’s Rise On Wind Energy Installations Updated On Fri, May 31st, 2024 by Saurenergy Indian Wind Turbine Manufacturer-Suzlon Energy is now confident of dominating the Indian wind market. In its latest investors call, the management expressed confidence on its position amid the presence of foreign wind energy companies. The firm attributed this to their existing clients and prices. When talked about the competitions from companies like Vestas or Envision, […] Read more