Reliance Acquires REC Group in $771 Million Buy Out Updated On Sun, Oct 10th, 2021 by Saurenergy In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […] Read more
Rooftop Solar to Supply 25-49% of Global Electricity Needs by 2050: Study Updated On Thu, Oct 7th, 2021 by Saurenergy Owing to improved deployment capability and reduced costs, rooftop solar photovoltaics (PV) technology, such as roof mounted solar panels used in home, commercial and industrial buildings, is currently the fastest deployable electricity generation technology. According to a new report, it is projected to supply 25–49% of global electricity needs by 2050. Despite these predictions, a […] Read more
6 Myths Blown Away By India’s Power Crisis Updated On Thu, Oct 7th, 2021 by Saurenergy The power crisis in India has received enough coverage in the media, with focus now on the barely 3 days coal supplies with a significant segment (Over 40%) of the country’s thermal fleet of power stations. While the use of the word energy transition is designed to soothe nerves and allow the huge changes underway […] Read more
SUSI Partners to Fund Canopy Power’s Renewable Microgrids Updated On Thu, Oct 7th, 2021 by Saurenergy Swiss fund manager SUSI Partners, through its Asia Energy Transition Fund (SAETF), has joined forces with Singapore-based microgrid technology provider Canopy Power to bring clean power solutions to off-grid locations across Southeast Asia. It is SUSI’s second investment in Southeast Asia following the creation of a joint venture with Malaysian company InvestEnergy which is dedicated […] Read more
Spanish Firm Licenses its Patented ‘Continuous String’ Process Updated On Wed, Oct 6th, 2021 by Saurenergy Mondragon Assembly, a leading Spanish company dedicated to delivering solutions and equipment for the PV Industry, has secured a licensing agreement for its patent for “continuous string” process, which has been its intellectual property since 2013. “The current patent from 2013 provides us with some results not previously seen in the manufacture of strings,” claims the […] Read more
Solar Cells With 30-year Lifetimes for Power-generating Windows Updated On Tue, Oct 5th, 2021 by Saurenergy A new transparency-friendly solar cell design could marry high efficiencies with 30-year estimated lifetimes, research led by the University of Michigan, U.S., has shown. It may pave the way for windows that also provide solar power. “Solar energy is about the cheapest form of energy that mankind has ever produced since the industrial revolution,” said […] Read more
Italy Offers 3.3 GW Wind & Solar in New RE Tender Updated On Tue, Oct 5th, 2021 by Saurenergy Italy’s state energy management agency Gestore dei Servizi Energetici (GSE) has launched the country’s seventh renewable energy tender that is expected to award 3,312MW of solar photovoltaic and wind capacity. The tender was opened last week and the latest contracting process includes unallocated capacity in previous six unsubscribed auctions, totalling 2,485 MW. Italy’s sixth tender ended up […] Read more
Respite for South East Asia Manufacturers, As US Delays Decision on Solar Tariffs Updated On Tue, Oct 5th, 2021 by Saurenergy The complaint by a group of manufacturers calling themselves the American Solar Manufacturers Against Chinese Circumvention, or A-SMACC that sought higher tariffs on Southeast Asian solar-power imports has led to an interesting situation with the US department of commerce asking the firms to identify themselves first. The issue had been raised by the largest body […] Read more
Developers, Indian Government May Need To Discuss Solar’s Perfect Storm Soon Updated On Mon, Oct 4th, 2021 by Saurenergy As China moves with rolling power cuts and energy cutbacks to industries across key provinces, provinces like Jiangsu, which host some of the largest solar manufacturers, have been included in the cutbacks. The power cuts have been necessitated by a coal shortage/high cost coal, rising gas prices, a push for controlling overall emissions and more, […] Read more
