GlobalFoundries, Biden Admin Announces $1.5 Bn Funding For CHIPS & Science Act Updated On Tue, Feb 20th, 2024 by Saurenergy The US Department of Commerce recently announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. GF claims to expand and create new manufacturing capacity through this investment. It estimates to expand it capabilities and securely produce more essential chips for automotive, IoT, aerospace, defense, and […] Read more
Local Solar Module Industry To Face Low Import Prices: Borosil’s Kheruka Updated On Tue, Feb 20th, 2024 by Saurenergy The domestic solar module industry will be forced to continue facing ‘unrealistically’ low import prices, said Pradeep M Kheruka, Executive Chairman of Borosil Renewables. Kheruka made these comments during a conference call with institutional investors and analysts which was held on February 08. He further said that the ALMM mechanism remained suspended, keeping the door […] Read more
Vattenfall Inks Deal With Evonik To Supply Solar Power For Chemical Production in Germany Updated On Mon, Feb 19th, 2024 by Saurenergy Germany-based energy supplier company Vattenfall has signed a PPA with specialty chemicals company Evonik that concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed […] Read more
Onyx Renewables, Qcells Ink Deal For RE Projects in Massachusetts Updated On Fri, Feb 16th, 2024 by Saurenergy US-based clean energy and decarbonization solutions provider Onyx Renewable Partners and clean energy solutions firm Qcells North America have announced plans to develop two community solar and battery projects in Massachusetts, United States. According to Onyx, the projects developed by Onyx have a total of 6.2 megawatts (MW) – 3.3 MW provided by Qcells – […] Read more
Project Engineer-DCS Updated On Fri, Feb 16th, 2024 by Saurenergy Inviting candidates having 5 to 10 years of proven experience in industrial automation sector for this position. The job includes end to end engineering of Greenfield power & water projects for Europe, Middle east & Africa (EMEA) region. The position is based in Emerson office located at Noida (U.P) & travel to EMEA region for […] Read more
Feb 9 ALMM Order Withdrawn By MNRE, Industry Awaits Clarity Updated On Thu, Feb 15th, 2024 by Saurenergy Policy flip flops, for so long a bugbear for the renewable sector, reared its head again as the Feb 9 ALMM order for Approved List of Models and Manufacturers (ALMM) was withdrawn in an evening announcement by the ministry today, i.e., Feb 14. Coming less than a week after the announcement that exempted open access […] Read more
Siemens Energy Invests $150 Mn To Address Shortage Of Transformers Updated On Thu, Feb 15th, 2024 by Saurenergy Siemens Energy plans to invest $150 million to expand operations in Charlotte, North Carolina, creating almost 600 local jobs. It said, “Today, only 20% of US large power transformer demand is met by domestic supply with lead times of up to five years. Power transformers provide the link between generation and distribution and are a […] Read more
Trina Solar Vertex S+ 505W n-type Dual-Glass Modules Enter Mass Production Updated On Wed, Feb 14th, 2024 by Saurenergy Smart PV and Energy Solutions Firm Trina Solar has announced that the first Vertex S+ 505W (NEG18R.28) rolled off the production line at its factory in Changzhou, Jiangsu province, marking the beginning of mass production. It is part of the Vertex S+ series specifically designed for commercial and industrial rooftops. The Vertex S+ 505W, guided […] Read more
In 2023 China EV Witnessed 35% Rise YoY: Rystad Updated On Mon, Feb 12th, 2024 by Saurenergy Rystad, an energy research and business intelligence company recently shared insights on the ongoing trend in the electric vehicle (EV) market in 2024. According to the Rystad report, “The electric vehicle (EV) market is on track in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty.” Rystad Energy research forecasts, […] Read more
