Covestro Sources Renewable Energy From 90 MW Ørsted Project Updated On Wed, Feb 19th, 2025 by Saurenergy Covestro, a polymer materials supplier, has four US sites that have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (PPA) with Ørsted. Under this agreement, Denmark-based Ørsted provides Covestro with 90 MW of renewable energy capacity, reducing […] Read more
Australia, Brazil, And India Rank Among Top Five With Renewable Potential Updated On Wed, Feb 19th, 2025 by Saurenergy RatedPower’s, 2025 Global Renewable Trends Report reveals a high confidence in the future of renewables, with storage, solar, and green hydrogen as key growth areas over the next five years. RatedPower is a part of Enverus, an energy-dedicated SaaS company that leverages generative AI in its solutions. According to the respondents it surveyed, the U.S., […] Read more
Borosil Renewables Reports Rs. 8.64 Cr Loss in Q3 FY25 Updated On Tue, Feb 18th, 2025 by Saurenergy Indian solar glass manufacturer Borosil Renewables recently announced its financial results for Q3 FY25. The company reported an EBITDA of Rs. 20.89 Cr, a significant decline from Rs. 52.88 Cr in the previous quarter. As a result of the lower EBITDA, Borosil posted a post-tax loss of Rs. 8.64 Cr in Q3 FY25, compared to […] Read more
RenewSys Brings Anti-Acid EVA Technology To Prevent Solar Cell Corrosion Updated On Thu, Feb 13th, 2025 by Saurenergy RenewSys, a PV module manufacturer of encapsulants and backsheets, has introduced its new EVA encapsulant. This latest technology is designed to address a long-standing issue that affects the lifespan of solar modules. Corrosion of metal parts in the cell and aging-related delamination are now preventable with the Anti-Acid EVA Encapsulant, which is specifically designed to […] Read more
China’s Renewable Sector Enters New Era with Market-Driven Pricing Updated On Wed, Feb 12th, 2025 by Saurenergy China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice outlining measures to deepen the pricing reform for electricity generated from renewable sources. The reform focuses on three key areas: allowing market forces to determine renewable power prices, creating a pricing and settlement mechanism that supports long-term […] Read more
ONGPL Acquires Ayana in Landmark INR 19,500 Renewable Energy Deal Updated On Wed, Feb 12th, 2025 by Saurenergy India’s largest oil and gas producer Oil and Natural Gas Corp (ONGC) and nation’s biggest power company NTPC acquired renewable energy firm Ayana through their joint venture ONGC-NTPC Green Pvt Ltd (ONGPL), for an enterprise value of INR 19,500 crore (USD 2.3 billion). ONGPL has signed a share purchase agreement with the current stakeholders National […] Read more
Global Renewables Cost Expected To Fall By 2-11%: BloombergNEF Updated On Fri, Feb 7th, 2025 by Saurenergy A latest report by BloombergNEF (BNEF) said that the global cost of clean power technologies such as wind, solar, and battery technologies is expected to fall further by 2-11% in 2025, breaking last year’s record. According to the report, new wind and solar farms are already undercutting new coal and gas plants in production costs […] Read more
