2020-When Energy Storage Got Serious in India Updated On Fri, May 15th, 2020 by Saurenergy The recent win for Renew Power in the round the clock power tender for 400 MW at Rs 2.90 kWh marked a huge turning point for storage in India too. For one, the renewable+ storage combination as a way to get power at all hours possibly, and at scale, is no longer a possibility that […] Read more
Duke Energy, City of Charlotte to Develop 35 MW Solar Project Updated On Fri, May 15th, 2020 by Saurenergy The City of Charlotte has become the 1st municipality to execute a renewable power agreement under Duke Energy GSA program to develop a 35 MW solar facility The City of Charlotte has become the first municipality to execute a renewable power agreement under Duke Energy’s Green Source Advantage (GSA) program – further expanding solar energy […] Read more
Spruce Finance Acquires Clearway Energy’s Residential Solar Assets Updated On Fri, May 15th, 2020 by Saurenergy Spruce Finance has announced that it has bought Clearway Energy’s entire portfolio of residential solar assets in the US worth around 53 MW. Spruce Finance, the largest private owner and operator of distributed generation solar residential assets in the US, has bought Clearway Energy’s entire portfolio of residential solar assets. The deal is Spruce’s largest […] Read more
Discoms to get Loans at low Rates to pay Back Gencos: RK Singh Updated On Fri, May 15th, 2020 by Saurenergy Discoms will be offered loans at cheaper rates by state-owned power sector financing companies for clearing their dues towards Gencos, RK Singh has said. Financially stressed Discoms will be offered loans at cheaper rates of 8.5 to 9 percent for a 10-year period by state-owned power sector financing companies PFC and REC for clearing their dues towards power generation companies (Gencos), Power and Renewable Energy Minister RK Singh […] Read more
Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA Updated On Thu, May 14th, 2020 by Saurenergy Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans against receivables, from major power sector lenders Power Financial Corporation (PFC) and Rural Electrification […] Read more
Huawei Supplies Smart PV Solutions for Adani Green Energy’s 50 MW Solar Plant in R’sthan Updated On Thu, May 14th, 2020 by Saurenergy Huawei, one of the world’s leading solar inverter manufacturers, has supplied its innovative Smart PV 1500 V Solution, including 312 SUN2000-185KTL-INH0 smart inverters, for Adani Green Energy’s 50 MW solar photovoltaic (PV) plant in Rajasthan. This project was successfully connected to the power grid by Adani Green Energy Ltd (AGEL) on April 16 amidst lockdown […] Read more
Siemens Gamesa to Supply Wind, Storage Hybrid Solution in Philippines Updated On Thu, May 14th, 2020 by Saurenergy Spanish wind turbine manufacturer Siemens Gamesa is set to deliver an innovative wind and storage hybrid project in the Philippines. This project is having its own significance as it will help in reducing dependence on diesel by providing stable power supply in a location with a weak link to the grid. Moreover, this hybrid project, […] Read more
Mineral Production to Rise as Demand for Green Energy Increases: World Bank Updated On Thu, May 14th, 2020 by Saurenergy A new report shows that production of certain minerals could increase by nearly 500% by 2050 to meet the growing demand for green energy technologies. A new World Bank Group report shows that production of minerals like graphite, lithium and cobalt could increase by nearly 500 percent by 2050 to meet the growing demand for green energy technologies. […] Read more
Nearly 600,000 Clean Energy Jobs Lost in the US due to Pandemic: Report Updated On Thu, May 14th, 2020 by Saurenergy A new report has revealed that April saw at least 447,200 new clean energy jobs lost, bringing the total to 594,300 since the beginning of the pandemic. A report tracking the impact of the Coronavirus pandemic on US employment has revealed that April brought clean energy job losses triple those seen in March, for an […] Read more
