ADB Meets Commitment to Double Annual Climate Financing to $6 bn Updated On Tue, Dec 10th, 2019 by Saurenergy ADB has achieved a key commitment to double its annual climate financing from USD 3 billion in 2014, hitting a record high of USD 6 billion in 2019 The Asian Development Bank (ADB) has announced that it has achieved a key commitment to double its annual climate financing from USD 3 billion in 2014, hitting […] Read more
China’s Module Market Grows Despite Slowdown in Domestic Solar Industry Updated On Tue, Dec 10th, 2019 by Saurenergy The decline in annual installations of solar in China did not seem to have had an impact on its module manufacturing industry, a new analysis has revealed The decline in annual installations of solar photovoltaics (PV) in China does not seem to have had an impact on the country’s solar module manufacturing industry. The country’s […] Read more
NLC India Tenders for O&M of 10 MW Solar Plant in Tamil Nadu Updated On Mon, Dec 9th, 2019 by Saurenergy NLC India has issued a tender for providing O&M services for a 10 MW grid-connected solar PV power project in Tamil Nadu for a period of 5 years. State-owned mining and power generating company, NLC India has issued a tender, inviting bids from eligible firms for providing operation and maintenance (O&M) services for a 10 MW […] Read more
Renewable Energy Ambition in NDCs Must Double by 2030: IRENA Updated On Mon, Dec 9th, 2019 by Saurenergy Countries are being urged to raise renewable energy ambition and adopt targets to transform the global energy system in the next round of NDCs Countries are being urged to significantly raise renewable energy ambition and adopt targets to transform the global energy system in the next round of Nationally Determined Contributions (NDCs), according to a […] Read more
Maximising Role of RE in Spain & Chile Dependent on Flexibility Assets Updated On Mon, Dec 9th, 2019 by Saurenergy Maximising the role of renewable energy in Spain and Chile will hinge on the extent to which ‘flexibility assets’ are deployed and used Maximising the role of renewable energy (RE) i.e. solar and wind power in the electricity systems of Spain and Chile between now and 2050 will hinge on the extent to which ‘flexibility […] Read more
MNRE Missing Yearly RE Targets, 175 GW by 2022 in Danger: Parliamentary Panel Updated On Mon, Dec 9th, 2019 by Saurenergy MNRE has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 GW of RE by 2022. The Ministry of New and Renewable Energy (MNRE) has continuously failed to achieve its yearly targets of clean energy capacity addition, which may hamper the mission of having 175 […] Read more
Iberdrola Secures €690 mn Loan From EIB at COP25 Updated On Sat, Dec 7th, 2019 by Saurenergy At COP25, EIB and Iberdrola have announced agreements worth EUR 690 million to invest in renewable energy projects and electricity distribution networks. At the Climate Change Conference (COP25) being held in Madrid, the European Investment Bank (EIB) and Iberdrola have announced two new agreements to promote climate action by investing in renewable energy projects and […] Read more
BP Increases Stake in Lightsource BP to Form a 50:50 JV Updated On Fri, Dec 6th, 2019 by Saurenergy The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 JV structure The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture (JV) structure. As part of the transaction, BP will purchase newly-issued equity […] Read more
US Storage Industry to Build on Strong Third Quarter: Report Updated On Thu, Dec 5th, 2019 by Saurenergy The US energy storage sector had its strongest third quarter on record and a new analysis by WoodMac predicts a 12x growth in MW-terms between now and 2024. The United States energy storage sector had its strongest third quarter on record this year, deploying 100.7 megawatts (MW) and 264.6 megawatt-hours (MWh) of storage, and a […] Read more
