ICRA Revises Outlook from Stable to Negative for RE Sector Updated On Tue, Dec 31st, 2019 by Saurenergy On the back of delays in both payments from Discoms and execution of projects, credit rating agency ICRA has revised the year-end outlook for India’s renewable energy (RE) sector from ‘stable’ to ‘negative’. According to the rating agency, country’s renewable energy sector is facing headwinds due to long pending payments by the state Discoms (power […] Read more
WWF India Report on Global Corporate Renewable Power Procurement Models: Lessons for India Updated On Mon, Dec 30th, 2019 by Saurenergy In India, commercial and industrial (C&I) consumers utilise 51 percent of the total generated power. Of this, a mere 3 percent is from renewable energy. A new WWF-India report, ‘Global Corporate Renewable Power Procurement Models: Lessons for India’ reviews the progress made by C&I consumers globally and in India for renewable power procurement, and highlights […] Read more
Vestas Bags 2 Orders for Turbines, Repowering in South Korea and Denmark Updated On Mon, Dec 30th, 2019 by Saurenergy Vestas has bagged two orders, the first for the supply of turbines for a 42 MW project in South Korea and the second, a 36 MW repowering order in Denmark Vestas has announced that it has bagged two orders in South Korea and Denmark. The first order has been received for the delivery and set […] Read more
AfDB Okays $21.8 Mn Grant for Solar Irrigation Pumps in Sudan Updated On Mon, Dec 30th, 2019 by Saurenergy The African Development Bank (AfDB), a multilateral development finance institution, has approved to provide a grant of USD 21.783 million to the Government of Sudan. Through this grant, AfDB aimed to accelerate the adoption of solar-powered irrigation pumps in the Sudan’s West Kordofan and North Kordofan states. Under this project, farmers will be encouraged to […] Read more
Discoms Faced Losses Worth Rs 27k Crore in FY19: RK Singh Updated On Mon, Dec 30th, 2019 by Saurenergy Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, RK Singh has said. Power Distribution Companies (Discoms) in India suffered losses amounting to Rs 27,000 crore in the 2018-19 financial year, Union Minister of Power and New and Renewable Energy RK Singh has said. The government […] Read more
Stanford Scientists Develop new Plan to Achieve 100% Renewable Energy Updated On Mon, Dec 30th, 2019 by Saurenergy A team of scientist from Stanford have outlined new steps that 143 countries can take to attain 100 percent clean, renewable energy by the year 2050. A team of scientist from Stanford University have outlined new steps that 143 countries around the world can take to attain 100 percent clean, renewable energy by the year 2050. The […] Read more
Renewable Energy Certificates Sales Down 10% in December Updated On Mon, Dec 30th, 2019 by Saurenergy Sales of Renewable Energy Certificates fell around 10 percent to 5.04 lakh units in December as compared to 5.59 lakh yoy due to lower supply Sales of Renewable Energy Certificates (REC) fell around 10 percent to 5.04 lakh units in December as compared to 5.59 lakh in the same month a year ago due to lower supply, according to official data […] Read more
Lithium-Ion Battery Market to Grow at 22.58% CAGR: Report Updated On Fri, Dec 27th, 2019 by Saurenergy The lithium-ion (Li-Ion) battery market is expected to grow at a CAGR of approx. 22.58 percent, during the forecast period between 2018-2025, said Mordor Intelligence in its report. According to the market intelligence and advisory services provider firm, the major factors driving the market includes – emergence of new and exciting markets; via electric vehicle (EV) and energy storage […] Read more
Global Power Industry Contracts Slip 9% in Nov Updated On Fri, Dec 27th, 2019 by Saurenergy The global power industry contracts activity saw a decline of 9 percent with 269 contracts announced in the month of November this year, against the last 12-month average of 296 contracts, as per the GlobalData. According to the data and analytics company, Asia-Pacific secured the top position with 91 contracts and 33.8 percent share during […] Read more
