US Releases New Rule To Incentivise Clean Energy Production Under IRA Updated On Thu, May 30th, 2024 by Saurenergy The US Department of the Treasury and Internal Revenue Service (IRS) released proposed guidance on the Clean Electricity Production Credit and Clean Electricity Investment Credit under the Inflation Reduction Act (IRA). This guideline was established by President Biden’s Inflation Reduction Act (IRA), to provide clarity to developers of clean electricity projects. This guidance is expected […] Read more
Panasonic Energy Reports 15.45% Revenue Growth In FY23-24 Updated On Tue, May 28th, 2024 by Saurenergy Panasonic Energy India Co. Ltd. (PECIN) a part of Panasonic Holdings Corporation today, announced the audited standalone results for the financial year ended on March 31, 2024. Panasonic reported revenue growth of 15.45% over the last financial year and a 198% increase in profit after tax (PAT). These numbers are a result of cost-efficiency initiatives, […] Read more
Hitachi Energy To Build HVDC Link To Connect Tasmania To Mainland Grid In Australia Updated On Tue, May 28th, 2024 by Saurenergy Marinus Link Pty Ltd (MLPL) has selected Hitachi Energy to supply a high-voltage direct current (HVDC) project, which will augment the connection between mainland Australia and Tasmania’s grid. The approximately 345-kilometer cable route HVDC system will enable the flow of renewable power in both directions between the Victorian and Tasmanian states. For the first time […] Read more
Reskilling Essential To Assist Transitioning Traditional Roles To Sustainability-Focused Positions Updated On Fri, May 24th, 2024 by Saurenergy There has been a significant surge in the demand for sustainability roles across various industries. From renewable energy engineers to sustainability managers, companies are actively seeking professionals with expertise in environmental conservation and sustainable practices. This trend not only reflects a growing awareness of environmental issues but also underscores the importance of integrating sustainability into business operations. […] Read more
Land Issues Slowing Down RE Projects In South Asia: Bloomberg Updated On Thu, May 23rd, 2024 by Saurenergy According to a recent report by Bloomberg’s New Energy Outlook (BNEF), renewables can overtake fossil fuels to reach 51% of power supply in 2030, 63% in 2040, and 70% in 2050. Bloomberg reported the current scenario and found that the global electricity demand based on the Economic Transition Scenario (ETS) grew by over 70% from […] Read more
AI’s Growing Energy Footprint: The Hidden Cost of Our Digital Future Updated On Wed, May 22nd, 2024 by Saurenergy It’s time to talk about Artificial Intelligence (AI), and its possible impact on the environment. Convenient as it may be, AI is an energy hog. A single ChatGPT query requires 2.9 watt-hours of electricity, compared with 0.3 watt-hours for a Google search, according to the International Energy Agency. At present, data centers worldwide consume 1-2% […] Read more
Sungrow, L&T In Deal For 165 MW PV Inverters, 760MWh Storage Systems In Saudi Updated On Tue, May 21st, 2024 by Saurenergy Sungrow, the global leading PV inverter and energy storage system provider, has forged a strategic partnership with Larsen & Toubro to supply 165MW PV inverters and 160MW/760MWh energy storage systems for AMAALA, a prestigious destination in Saudi Arabia. This collaboration aligns with Saudi Arabia’s Vision 2030 and China’s Belt and Road Initiative. This flagship project is developed and led […] Read more
Solar Decathlon India 2023-24 Challenge Winners Announced Updated On Mon, May 20th, 2024 by Saurenergy Solar Decathlon India (SDI), aimed at building the next generation of leaders to combat climate change in India, is an annual student competition for undergraduate and postgraduate students from Indian academic institutions to develop innovative, net-zero energy-water and climate-resilient solutions for the building sector in India. The final event was held at Infosys’ campus in […] Read more
Enfinity Global Finances 1.2 GW Solar, Wind Power Plants In India Updated On Thu, May 16th, 2024 by Saurenergy US-based Enfinity Global Inc., today announced that it has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by the Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc. The projects in this portfolio, […] Read more
