Budget 2023 Offers No Surprises, Focus On Continuity Updated On Wed, Feb 1st, 2023 by Saurenergy With the budget presented, it’s time to make a quick assessment of what it had for the renewable energy sector. With Green growth made a key pillar of the 7 focus areas for the government, it does seem like the government is looking at a broader push like enabling ease of doing business, skilling, rather […] Read more
Amazon Adds Record 8.3 GW of Renewables in 2022 Updated On Wed, Feb 1st, 2023 by Saurenergy Global e-commerce giant Amazon has added a remarkable capacity of 8.3 GW in 2022 in terms of renewable energy. The company has made these additions through 133 new projects in 11 countries. The official statement, the company held that now the total portfolio is over 20 GW which is enough to power 5.3 million U.S. […] Read more
Economic Survey 2022-23: India a Hotspot for Investment in Renewables & Other Observations Updated On Wed, Feb 1st, 2023 by Saurenergy The Economic Survey 2022-2023 has made some important observations about the trajectory of renewable energy sector and transition to clean energy sources. Here are some key observations- Inching towards installed capacity from clean sources The Economic Survey notes that India has already achieved the feat of having 40 per cent of installed electric capacity from […] Read more
WEC Energy To Acquire 80% Stake In 250 MW Texas Solar Project Updated On Wed, Feb 1st, 2023 by Saurenergy US energy conglomerate WEC Energy Group has announced that it has signed an agreement to acquire an 80% ownership interest in the Samson I Solar Energy Center. The investment by WEC Energy Group is expected to total approximately $250 million for the 80% ownership interest. WEC Energy said that Samson I is a 250-MW project […] Read more
Sprng Energy With Rs 2.51 Bid Leads Winners List in GUVNL 500 MW Solar Auction Updated On Tue, Jan 31st, 2023 by Saurenergy Sprng Energy (200 MW), ib Vogt Singapore (130 MW), Hinduja Renewables (120 MW) and Blupine (Solarcraft Power India) (50 MW) have walked away with the allotments to develop solar power for GUVNL. While Sprng bid at Rs 2.51/unit, the remaining three winners bid at Rs 2.52 per unit. The tender, released in October last year, […] Read more
Boost to SMEs, Easy Imports, Cheaper Financing: Solar Expectations from Budget ’23 Updated On Tue, Jan 31st, 2023 by Saurenergy Budget 2022 made major announcements. Primary among them was the earmarking of Rs 19,500 crore for production linked incentives towards the manufacturing of high efficiency solar photo voltaic modules. While this has been a source of hope for the industry, a major mood dampener has been the imposition of duties on solar cells and modules. […] Read more
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
Pension Manager Railpen Buys BayWa r.e. Solar Farm in UK Updated On Tue, Jan 31st, 2023 by Saurenergy One of the United Kingdom’s key pension managers – Railpen – has announced that that it has acquired a Cambridgeshire solar project from BayWa r.e. that has furthered its renewable energy expansion. Global renewable energy firm BayWa r.e. previously owned the Bracks solar farm which is a 30 MWp project that will generate clean energy […] Read more
GE Mulls Building 2 New Offshore Wind Factories in New York Updated On Tue, Jan 31st, 2023 by Saurenergy Clean energy conglomerate GE Renewable Energy has said that it has submitted a plan to construct two new manufacturing facilities in New York if the company wins a sufficient volume of orders from customers in the State’s ongoing solicitation for up to 4.6 GW of offshore wind. GE said that it will be building the […] Read more
