India Should Evaluate BESS as a Viable Storage Tech Updated On Thu, Apr 4th, 2019 by Saurenergy The US-India Strategic Partnership Forum (USISPF) has said that grid-connected battery-based energy storage system (BESS) should be evaluated more actively as a commercial storage technology for grid services, as it offers superior performance and a declining price trend in the future. “In the 21st century, India’s symbol of national pride should be its grid that […] Read more
Nordex Group Bags Another Major Order For its N149 Turbine in Australia Updated On Wed, Apr 3rd, 2019 by Saurenergy The expected volume of electricity to be produced by the wind farm equates to the annual consumption of some 115,000 households and is equivalent to a saving of 532,000 tons of toxic CO2 per annum. Nordex Group has been awarded a contract to supply and install 35 wind turbines for the Mortlake South Wind Farm […] Read more
Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
Sydney Sets 100% Renewables Target For 2030 Updated On Mon, Apr 1st, 2019 by Saurenergy The city of Sydney has set an ambitious target of meeting 100 percent of its energy demands from renewable energy sources. “With our energy supply contract set to expire at the end of this year, we’re diving head first into Sydney’s renewable future by increasing our renewable electricity target from 50% to 100%,” a statement […] Read more
India Signs MoU to Share Bolivia’s Vast Lithium Deposit Updated On Mon, Apr 1st, 2019 by Saurenergy Both sides agreed to work together for exploration and extraction of the vast Lithium deposits of Bolivia. Lithium is a key resource used in making batteries that India needs for its clean technology initiatives such as increased use of electric cars. India after signing a Memorandum of Understanding (MoU) with Bolivia, has leveraged its way […] Read more
Vestas Bags Orders Worth 1.11 GW in USA and Brazil Updated On Mon, Apr 1st, 2019 by Saurenergy Denmark-based, Vestas has bagged multiple orders in USA and Brazil with a combined capacity worth 1112 MW. In the United States, the turbine manufacturer and wind energy solutions provider has won three orders worth a total of 545 MW. The first order the company has received is for 220 MW of V120-2.2 MW turbines for […] Read more
Sprng Buys Shapoorji Pallonji’s 194 MW Operational Solar Assets Updated On Mon, Apr 1st, 2019 by Saurenergy Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operating solar portfolio to Sprng Energy, a renewable energy platform in India by London-based private equity firm Actis. The deal size has not been disclosed. However, media reports suggest that solar asset’s enterprise value is close to $200 Million or over Rs. 13.8 […] Read more
Industry Roadblocks May Halt Renewable Energy Growth Juggernaut Updated On Fri, Mar 29th, 2019 by Saurenergy Renewable energy saw a significant boost globally in the past few years on the back of rising awareness about trimming the effects of climate change and global warming. Moreover, many countries globally, including India, are taking an active part in increasing the share of renewables, especially, solar in their energy mix. However, there are many […] Read more
Plunging Costs of Lithium-Ion Batteries on the Verge of Displacing Coal, Gas Updated On Fri, Mar 29th, 2019 by Saurenergy Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by research company BloombergNEF shows that the benchmark levelised cost of electricity, or LCOE, for lithium-ion batteries has […] Read more
