Rio Tinto Invests in InoBat to Support Battery Ecosystem in Europe Updated On Thu, Nov 18th, 2021 by Saurenergy UK-headquartered mining firm Rio Tinto is investing in Inobat Auto, a battery technology and manufacturing company, to support the development of a battery ecosystem in Europe. This investment will support the completion of InoBat’s research and development centre and pilot battery line in Voderady, Slovakia. It follows a Memorandum of Understanding signed in May, outlining an […] Read more
Renew Power Declares Q2 Results, H1 Revenues Up 26% Over FY21 Updated On Thu, Nov 18th, 2021 by Saurenergy ReNew Energy Global plc (“ReNew Power”), has announced its consolidated results for the Quarter ending September 2021. These are the first full set of results from the firm since its merger with RMG II, a special purpose acquisition vehicle (SPAC) to list on NASDAQ. Till date, the Renew power listing through the SPAC route remains […] Read more
Azure Power Signs PPA’s For 600 MW With SECI For Its 4 GW Mfg. Linked Projects Updated On Thu, Nov 18th, 2021 by Saurenergy Azure Power today announced that it has signed Power Purchase Agreements (PPAs) for 600 MW ISTS connected solar power projects with Solar Energy Corporation of India (SECI), under its 4 GW manufacturing linked projects, which will supply power for 25 years at a fixed tariff of INR 2.54 (~US 3.4 cents) per kWh. The projects will be constructed in […] Read more
Annual PV Installations to Cross 200 GWdc Mark in 2022: IHS Markit Updated On Thu, Nov 18th, 2021 by Saurenergy Global solar PV installations will see over 20% growth in 2022 and surpass the 200 GWdc barrier for the first time, at a total investment of at least $170 billion, despite continuing rising costs of production, according to a new report by the Clean Energy Technology service at U.K.-based market observer IHS Markit. Until recently, declining […] Read more
Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF Updated On Thu, Nov 18th, 2021 by Saurenergy Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […] Read more
PM Modi to Lay Foundation Stone of 600 MW Solar Park in Jhansi, UP Updated On Thu, Nov 18th, 2021 by Saurenergy Prime Minister Narendra Modi will lay the foundation stone of a 600 MW solar power park in Uttar Pradesh’s Bundelkhand on Friday as part of his visit to Mahoba and Jhansi districts to launch multiple development projects worth over Rs 6250 crore which are aimed at alleviating issues of water shortage for farmers in the region. […] Read more
Fortescue Races Ahead With Electrolyser Manufacturing Plans In Australia Updated On Wed, Nov 17th, 2021 by Saurenergy Fortescue Future Industries which is building what it claims will be the world’s biggest plant for green hydrogen electrolysers, has confirmed approvals for the same within a month from the Queensland, Australia government. The Andrew Forrest owned Fortescue may also include a gigawatt scale solar module factory and other production facilities. The facility will have […] Read more
UPNEDA Invites Bids for Empanelment for 38 MW Rooftop Solar Plants Updated On Wed, Nov 17th, 2021 by Saurenergy The Uttar Pradesh New & Renewable Development Agency (UPNEDA) has invited e-bids from eligible vendors interested in being empanelled for the design, supply, erection, testing and commissioning, including warranty and comprehensive operation & maintenance, of 38 MW of grid-connected rooftop solar plants for residential consumers under CAPEX model for a period of five years in Uttar Pradesh. […] Read more
US Court Exempts Bifacial Module Imports From Tariffs, in Win For SEIA Updated On Wed, Nov 17th, 2021 by Saurenergy The US developer driven Solar group, Solar Energy Industries Association (SEIA) has managed to successfully petition the U.S. Court of International Trade (CIT) to reinstate bifacial solar modules’ exemption from the Section 201 tariffs on imported solar modules. The move is a big win for the SEIA which was also joined by major utility developers […] Read more
