India’s Subsidies For Fossil Fuels 5 Times Higher Than For Clean Energy: IISD Updated On Wed, Mar 13th, 2024 by Saurenergy The 2022 global energy crisis and India’s growing energy demand have led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India’s total energy subsidies to a 9-year high of INR 3.2 lakh crore (USD 39.3 billion) for the fiscal year ending 2023 (FY 2023), new […] Read more
Re-strategizing To Meet The Growing Demand For Power Updated On Mon, Feb 5th, 2024 by Saurenergy Few sectors, if any, today pose as many challenges or hold as many opportunities as India’s power sector. It has witnessed developments and disruptions in recent years, and while the long-term goal posts remain largely steady, we might have to move sideways towards them instead of headlong. India’s power demand grew at an unprecedented 9% […] Read more
Latest Solar Auction in Germany Oversubscribed by 3.5 Times Updated On Fri, Feb 2nd, 2024 by Saurenergy The latest solar PV auction for ground-mounted capacity in Germany concluded with three and half times oversubscription with 574 bids totalling 5.5 gigawatts (GW), surpassing the 1.6 GW of capacity up for auction. The German Federal Network Agency, the Bundesnetzagentur, published the results for the tender that sought 1.61GW of solar PV capacity. According to […] Read more
Hero Future Energies Inks Pact With PIXON Green For Solar Module Supply Updated On Thu, Jan 25th, 2024 by Saurenergy Hero Future Energies has announced the signing of an agreement with PIXON Green Energy, a domestic module manufacturer, for the supply of solar PV modules. Under the agreement, PIXON Green Energy will provide Hero Future Energies with high-efficiency modules for up to 500 MW annually on a prioritized basis for two years from their automated […] Read more
Germany’s Renewable Energy Generation Witnesses 5% Rise YoY Updated On Mon, Jan 8th, 2024 by Saurenergy The Bundesnetzagentur, a German energy regulatory office published its electricity market data for 2023. In mentioned an increase in share of renewable energy generation in 2023, especially in the market share of the grid load. It estimated that the electricity generated from renewable sources stood at 55.0 percent, a rise from 48.42% in 2022. It […] Read more
EIB Backing of €400 million For Green Renewable Energy Developer Updated On Wed, Jan 3rd, 2024 by Saurenergy Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […] Read more
Europe On Track For 56 GW Solar Additions In 2023 Updated On Thu, Dec 14th, 2023 by Saurenergy Continuing a third straight year of over 40% growth, Europe is set to add 56 GW of solar capacity in 2023. The data comes from SolarPower Europe, the trade body representing the European solar industry. The report also cautions that the continent might be pushing the limits of its ability to absorb solar capacity, as […] Read more
EU Commission Proposed Extension On Sale EV and Batteries In UK Updated On Fri, Dec 8th, 2023 by Saurenergy The European Union (EU), recently proposed to the European Council a one-off extension on electric vehicles (EV) and batteries – until 31 December 2026. This proposal falls under the current rules of origin for electric vehicles and batteries under the EU-UK Trade and Cooperation Agreement (TCA). The Trade and Cooperation Agreement established the rules governing […] Read more
Solar Rental Marketplace OTOVO Raises €40mn Funding Updated On Wed, Nov 15th, 2023 by Saurenergy Norwegian solar startup Otovo has secured €40mn from its existing investors including Å Energy, Axel Johnson Group, and Nysnø, the Norwegian government’s Climate Investment Fund. The funding will help the firm expand its rent-to-buy online marketplace for solar panels, as it seeks to ride the strong residential solar market growth across the EU. This latest […] Read more
