China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
LONGi Invests MYR 1.8bn For Its Serendah Module Plant In Malaysia Updated On Wed, Nov 22nd, 2023 by Saurenergy LONGi Green Energy seems to be charting new territories in Malaysia. With an investment of MYR 1.8 billion (approximately RMB 2.8 billion), LONGi Malaysia Serendah Module Plant in Selangor has officially been set in motion. This landmark development signifies LONGi’s pursuit of delivering top-tier solar products and leading sustainable energy practices. This project, spanning over […] Read more
Growth Of EV Market Highest In China, EU, Says WRI Report Updated On Tue, Nov 21st, 2023 by Saurenergy Global energy think tank World Resource Institute (WRI), in its recent report on ‘State of Climate Action’, highlights that the share of electric vehicles (EV) in passenger car sales has grown at an average annual rate of 65%. It’s a rise from 1.6% of sales in 2018 to 10% in 2022. For the first time in […] Read more
With IRA Boost, Energy Storage Demand Likely To Surge Six-Fold: SEIA Updated On Mon, Nov 20th, 2023 by Saurenergy The Solar Energy Industry Association (SEIA) has released a report stating that over the next one decade, lithium-ion battery would witness a surge in global demand due to the unprecedented investment in solar. This was attributed to the production incentives bolstered through the Inflation Reduction Act (IRA) in the United States (US). SEIA’s report titled, […] Read more
MERC Increases Net-Metering Benefits For Rooftop Consumer Upto 5MW Updated On Mon, Nov 20th, 2023 by Saurenergy In its latest notification, the Maharashtra Electricity Regulatory Commission (MERC) allowed net-metering benefits for solar rooftop consumers up to 5 MW in Maharashtra. The state commission brought these changes with an amendment to the existing solar rooftop regulation of 2019. The notification amended several provisions of the MERC (Grid Interactive Rooftop Renewable Energy Generating Systems) […] Read more
Top 5 Reasons Why India’s Power Demand Exceeded Projections Updated On Mon, Nov 20th, 2023 by Saurenergy India’s power demand has been rising steadily. The country’s higher than anticipated peak demand has been in the news, with peak demand touching a lifetime high of 223 GW in June 2023 when peak deficit touched 0.17 percent. As per the Load Generation Balance Report (LGBR) released by the Central Electricity Authority, the peak demand […] Read more
UK, German Moves To Support Offshore Wind Point To Challenges Ahead Updated On Fri, Nov 17th, 2023 by Saurenergy Ørsted’s Travails World’s biggest offshore wind energy developer- Danish firm Ørsted on November 1 this year announced ceasing developing two of its proposed offshore wind projects in the United States (US) at the cost of around £3bn in penalties. These projects were slated to come up at New Jersey off the US coast. They had […] Read more
Australia’s Hydrogen & Renewable Energy Act 2023 Sees Light of Day Updated On Fri, Nov 17th, 2023 by Saurenergy Both the houses of the South Australian Parliament have cleared the Hydrogen and Renewable Energy Act 2023. Some areas of the state will benefit from the Act with respect to the generation of hydrogen and renewable energy. The legislative framework of Hydrogen and Renewable Energy Act 2023 looks to introduce a ‘one window to government’ […] Read more
RECPDCL Issues Request for Proposal For 1 GW Renewable Energy Updated On Fri, Nov 17th, 2023 by Saurenergy REC Power Development & Consultancy Limited has issued a Request for Proposal for the selection a transmission service provider through tariff based competitive bidding process to establish Inter-State Transmission system for transmission system for evacuation of power from renewable energy projects for 1000 MW in Rajgarh SEZ in Madhya Pradesh-Phase II. The last day to […] Read more
