20% Of Global Power On Summer Solstice Came From Solar: Report Updated On Fri, Jun 21st, 2024 by Saurenergy Energy think-tank Ember estimates that today, across the midday peaks on the summer solstice – 20% of the world’s electricity will come from solar, up from 16% last year. “At 20% share, solar is now a serious global electricity source,” said Kostantsa Rangelova, electricity analyst at Ember. “ Battery costs have collapsed, meaning solar power […] Read more
Clean Energy Investment Double The Fossil Fuel Amount This Year: IEA Updated On Fri, Jun 21st, 2024 by Saurenergy Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to a report by the International Energy Agency (IEA). Despite pressures on financing, global investment in clean energy is set to reach almost […] Read more
Top 5 Non-Chinese Solar Inverter Manufacturers Updated On Thu, Jun 20th, 2024 by Saurenergy A Solar inverter is one of the crucial components of solar panel systems, which converts the direct current (DC) generated by solar panels into alternating current (AC), which is suitable for powering household appliances, businesses, and the electrical grid. Needless to say, the solar inverter market growth is analogous to the growth of solar power […] Read more
Power Demand Pushes Battery Makers Revenue By 10-11%: CRISIL Research Updated On Wed, Jun 19th, 2024 by Saurenergy CRISL Rating’s latest report anticipates the domestic lead-acid battery manufacturers’ revenue to grow 10-11% in fiscal 2025. The report found this to be a close mirroring ~12% which was seen last fiscal year. Moreover, growth is expected to be driven by steady demand in the mainstay automotive segment and tailwind from rising 5G penetration, expansion […] Read more
RMI Foresees Cleantech To Drive 10% Of Global GDP Growth Updated On Wed, Jun 19th, 2024 by Saurenergy The Rocky Mountain Institute (RMI), a US-based research organization, has recently published a report forecasting significant growth in the cleantech sector. According to the report, solar energy installations are expected to reach 1,000 GW annually, accompanied by sales of 6,000 GWh of batteries per year. These advancements are crucial in achieving the sector’s goal of […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
Zetwerk Owned Unimacts Opens Second US Plant For Nextracker Updated On Wed, Jun 19th, 2024 by Saurenergy Unimacts, a manufacturing services company that was acquired by Indian contract manufacturing startup Zetwerk in 2022, has expanded its relationship with leading US solar tracker maker Nextracker. Unimacts has opened up its second manufacturing facility in Sloan, Nevada for Nextracker to make steel torque tubes, a key component of Nextracker’s solar trackers. This new facility […] Read more
Waaree Energies Founder Hitesh Doshi Recognized as Global Solar Leader at SNEC 2024 Updated On Tue, Jun 18th, 2024 by Saurenergy Mr. Hitesh Doshi, whose name has been synonymous not only with the firm he founded, but also the Indian solar sector, has been awarded the Global Solar Leaders Award (2024) for his outstanding contributions to solar industrial progress worldwide at SNEC 2024. The PV SNEC is the World’s largest solar expo by a distance, held […] Read more
GB Solar Starts Work On Expanding Module Capacity to 2 GW Updated On Tue, Jun 18th, 2024 by Saurenergy Vadodara, Gujarat based PV manufacturer GB SOLAR TECHNOLOGIES PVT LTD ( formerly GreenBrilliance Renewable Energy LLP), is expanding its PV module production capacity to 2.0 GW. The capacity, located in Karjan, Vadodara, will start production within 6-8 months this year. A ground-breaking ceremony was held on 7th June, 2024 at the site in the village […] Read more