Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time – BNEF Updated On Tue, Jan 31st, 2023 by Saurenergy Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […] Read more
The Top 5: Game-Changing Renewable Energy Projects In The Middle East Updated On Mon, Jan 30th, 2023 by Saurenergy The energy transition towards renewables has recently seen an increase in Middle Eastern countries, especially in Saudi Arabia, UAE, Egypt, Morocco etc. Once dependent on its plentiful reserves of oil and gas for wealth, the region is finally embracing the zero-carbon emission goals. As per IRENA’s World Energy Transitions Outlook (WETO), the region could obtain […] Read more
ACME, Norfund Alliance for Renewable Energy In India Updated On Fri, Jan 27th, 2023 by Saurenergy Gurugram headquartered renewable energy player ACME has collaborated with Norfund – the Norwegian investment fund – under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, “I […] Read more
US based Hecate Energy Closes $550 Million Financing Package For Green Ambitions Updated On Wed, Jan 25th, 2023 by Saurenergy Hecate Energy, a leading developer of renewable power projects and energy storage solutions in the United States, today announced the recent close of a five-year $550 million credit facility package, inclusive of a $250 million term loan and $300 million Letter of Credit (“LC”) facility to support further expansion of its solar and energy storage project pipeline. The new credit facilities […] Read more
Revolutionizing Solar Energy Integration: The MARS Project and Electric Grids Updated On Mon, Jan 23rd, 2023 by Saurenergy A new era of energy systems dominated by green and renewable solar power is approaching. As the transition comes to fruition, it’s important to understand the type of current the grids use – Alternating Current (AC) – and to ensure solar integration without much hassle. Despite its benefits, solar energy involves a complex and lengthy […] Read more
Durham’s FlexGen to Supply 420MWh of Energy Storage System in California Updated On Thu, Jan 19th, 2023 by Saurenergy Durham-based battery energy storage solution and software technology provider FlexGen Power Systems has been selected to supply energy storage technology and software for 420MW of energy storage across four California sites to Middle River Power. The energy storage projects are collocated with existing simple cycle natural gas peaking plants, and the facilities will share interconnection […] Read more
JSW Energy Marks Entry into Energy Storage With LoA from SECI Updated On Thu, Jan 19th, 2023 by Saurenergy A subsidiary of JSW Energy Ltd, JSW Renew Energy Five Limited has announced that it has received a Letter of Award for standalone battery energy storage systems from Solar Energy Corporation of India Limited (SECI). The cumulative capacity of the BESS projects is 500 MW/1,000 MWh which entails two projects each of 250 MW / […] Read more
India & IRENA Forge Partnership to Spur Renewable Energy Updated On Mon, Jan 16th, 2023 by Saurenergy The Ministry of New & Renewable Energy has entered into a strategic partnership with International Renewable Energy Agency. The partnership will pave the path for the development of renewable energy. The signatories for said the agreement between India and IRENA were Ministry of New and Renewable Energy (MNRE) Secretary, Indu Shekhar Chaturvedi and IRENA Director-General […] Read more
India & UAE to Seal Agreement on Linking Grid for Renewable Energy Updated On Mon, Jan 16th, 2023 by Saurenergy India’s Minister of New & Renewable Energy, Raj Kumar Singh has revealed that India and the United Arab Emirates (UAE) are on their way to enter into a “major agreement”. The cooperation between the two countries concerns the interlinking of renewable energy. He did not give out details about the timeline and added that the […] Read more
