Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval Updated On Fri, Jun 23rd, 2023 by Saurenergy The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […] Read more
Overcoming Climate Change Risks: India’s Quest to Expand Offshore Wind Power Updated On Fri, Jun 23rd, 2023 by Saurenergy India is banking on wind power expansion to meet close to a third of its 2030 renewables target, with solar accounting for most of the rest. Importantly, the country is finally actively pushing for offshore wind power as it aims to achieve 30 GW of offshore wind energy capacity by 2030. With one of the […] Read more
Final Rules For Indian Carbon Credit Market Within 15 Days: Govt Updated On Thu, Jun 22nd, 2023 by Saurenergy Higher officials from the Ministry of Power today claimed that the final rules to govern the Indian Carbon Credit Market are expected to be out in the next 15 days. The officials said that after exhaustive consultations with the stakeholders, the ministry is set to come out with the final rules. It comes after the […] Read more
NHPC Looks to Select Solar Power Developer for 3 GW ISTS-Connected Solar Projects Updated On Thu, Jun 22nd, 2023 by Saurenergy Hydropower development firm, NHPC (National Hydro Electric Power Corporation) has issued a tender for the selection of Solar Power Developer for setting up of 3000 MW (3 GW) ISTS (Inter State Transmission System) connected solar power projects anywhere in India. After conclusion of the bidding process, NHPC shall enter into Power Purchase Agreement (PPA) with […] Read more
SJVN Issues Tender for 1.5 GW Renewable Energy with Storage Updated On Thu, Jun 22nd, 2023 by Saurenergy SJVN Ltd has invited bids for the selection of developers for 1.5 GW of firm and dispatchable power from renewable power projects with energy storage systems. The projects can be established anywhere in India, as long as they are connected to the interstate transmission grid. The developers for renewable energy will be selected through tariff-based […] Read more
WattPower In Agreement With Renew Power For 1.2 GW Of String Inverters By Dec 2023 Updated On Thu, Jun 22nd, 2023 by Saurenergy WattPower, a leading provider of innovative energy solutions, has announced a ground-breaking deal with ReNew Power, India’s leading renewable energy company by installed capacity. The agreement entails the supply of 1.2 Giga Watts (GW) of string inverters, making it one of the largest deals in the solar inverter industry. With a contract value of close […] Read more
SafEarth Nets Rs 35 Million Funding From Anthill Ventures, Others Updated On Thu, Jun 22nd, 2023 by Saurenergy SafEarth, a technology platform for adoption of renewable energy in India has today announced the successful completion of its recent funding round of 35 Million (Rs 3.5 crore). The funding was led by Anthill Ventures, Third Derivative and Mumbai Angels. This investment will fuel SafEarth’s product development initiatives and support its expansion into new industrial […] Read more
Lithium Market Size To Grow By 1,066.47 Thousand From 2022 To 2027: Report Updated On Thu, Jun 22nd, 2023 by Saurenergy A latest global market research report on Lithium claimed that the international lithium market size is estimated to increase by 1066.47 thousand t from 2022 to 2027. Global market research company Technavio released the report. The Global Lithium Market 2023-27 report claimed that the market’s growth momentum would progress at a Compound Annual Growth Rate […] Read more
Govt Orders Modification of Tender Documents For ISTS Projects Updated On Thu, Jun 22nd, 2023 by Saurenergy The Ministry of Power, in its latest notice, ordered a revision of the Standard Bidding Documents for procurement of power under the Inter-State Transmission Services (ISTS), done through tariff-based competitive bidding (TBCB). These documents often comprise the Request for Proposal (RfP) and the Transmission Services Agreement (TSA). The ministry justified the new amendment by citing a […] Read more
