World Bank Commits $1 Bn for Battery Storage to Bolster Renewables Globally Updated On Fri, Sep 28th, 2018 by Saurenergy Also, the program aims to finance 17.5 GWh of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries. The World Bank Group has committed to investment USD 1 billion for a new global program to ramp up investments in battery storage for energy systems in developing and […] Read more
Reverse Bidding to Continue in Renewable Energy Sector, says R K Singh Updated On Wed, Sep 26th, 2018 by Saurenergy “We will accept bids which are reasonable. If we come across bids which we consider to be excessive, we will cancel them,” the Minister said. The Power and New & Renewable Energy Minister R K Singh said that the government will not accept any unreasonable bids for renewables like solar and wind and continue to conduct […] Read more
India to Fetch 18% Power from Renewable Energy by 2022: Moody’s Updated On Tue, Sep 25th, 2018 by Saurenergy Moody’s report also suggested that India as an aggressive seeker of reliance on the renewable energy segment is taking positive steps to align its power generation mix with its Nationally Determined Contribution (NDC) commitments under the Paris Climate Agreement. India’s installed renewable energy capacity might contribute 18 percent of the total electricity generation mix by the year […] Read more
US Energy Storage Market Jumps 42% QoQ: Report Updated On Mon, Sep 10th, 2018 by Saurenergy The energy storage market in US has tremendously increased from 43.6 MW in Q1 2018 to 61.8 MW in Q2 2018 whereas the market grew 60 percent year-on-year. A leading clean energy data and information aggregator suggests US’s energy storage market to have jumped 42 percent from the previous quarter. The energy storage market in […] Read more
Sony Enters RE100 Initiative for 100% Renewable Energy Updated On Mon, Sep 10th, 2018 by Saurenergy RE100 consists of companies committed to using 100% renewable electricity, and comprises over 140 member companies worldwide of which Sony is now a part. Sony Corporation has joined RE100, an initiative operated by the international non-government organization (NGO) The Climate Group in partnership with CDP, a UK based environment researcher. In so doing, Sony will aim […] Read more
Leap Green Energy to Reach 2GW Capacity by 2020 Updated On Fri, Sep 7th, 2018 by Saurenergy The state electricity boards and various industrial and commercial corporate consumers are the prospective buyers of the Leap Green Energy power. Renewable energy developer, Leap Green Energy states plans upgrading its energy generation capacity to 2 GW power from existing 751 MW along with fund injection of USD 300 million. “Leap Green Energy (LGE), India’s […] Read more
Decentralized Renewable Energy may hold $100bn Investment Opportunity Updated On Thu, Sep 6th, 2018 by Saurenergy DRE solutions, according to the report, should be made more prominent in the national and state energy systems of the country. A recent analysis has shown that the investment opportunities in Decentralized Renewable Energy (DRE) segment in India may have reached $100 billion. Moreover, the DRE solutions, according to the report, should be made more […] Read more
Fossil Fuels Won’t Last Long: Suresh Prabhu on Renewable Energy Updated On Wed, Sep 5th, 2018 by Saurenergy The cost of renewable energy is inversely proportional to the amount of its generation in India. As the country proceed with more generation of renewable energy the costs of development will gradually reduce. Speaking at a function of International Solar Alliance (ISA) Innovation and Investment Forum, Union Minister Suresh Prabhu stressed upon the need to increase […] Read more
Guam Signs Agreement with Hanwha Energy for 60MW Clean Energy Updated On Thu, Aug 23rd, 2018 by Saurenergy GPA has planned to use renewable energy sources in order to curb the use of non-renewable sources like fossil fuels citing their rising costs. Guam Power Authority has signed a power purchase agreement with the South Korean renewable energy provider, Hanwha Energy for developing 60 MW renewable energy project. General Manager, GPA, John Benavente said, […] Read more
