China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
Solar Accounted For 60% Of New Generation Capacity In Last 5 Years: IEA Updated On Wed, Oct 25th, 2023 by Saurenergy The International Energy Agency (IEA) report titled “World Energy Outlook”, shares an update on India’s initiative to build energy security and reduce greenhouse gas emissions. The report states that recent events, such as rising heatwaves and other extreme weather events, have not caused a significant increase in greenhouse gas emissions. It further adds that it […] Read more
India Had No Offshore Wind Capacity Installation As Of May 2023: GWEC Updated On Tue, Oct 10th, 2023 by Saurenergy The ‘GWEC Global Offshore Wind 2023’ report cites that for fulfilling demand for large offshore wind, and turbine installation of vessels requires trained workforce with adequate operational knowhow for regional cooperation in the APAC Asia–Pacific region. The study finds that its timely deployment will foster cooperation especially in new markets such as India, the Philippines, […] Read more
APAC to Invest US$3.3 Trillion in Power Generation Over Next Ten Years: Wood Mackenzie Updated On Fri, Oct 6th, 2023 by Saurenergy Wood Mackenzie, a global research and consultancy group forecasts an investment of US$3.3 trillion in power generation over the next ten years in Asia Pacific, with 49% earmarked for wind and solar, and 12% for energy storage. “The Asia Pacific region is critical to the power sector’s energy transition as it grows to over half […] Read more
Nextracker Primed For India Growth With 4.5 GW Order Book, 10 GW Capacity Updated On Tue, Oct 3rd, 2023 by Saurenergy US-based solar tracker leader Nextracker is set to ride the solar growth story in India, with its local manufacturing capacity up to 10 GW now. Spread across 13 factories across the country through its eleven contract manufacturing partners, the firm claims to have achieved 80% indigenization levels, giving it a strong advantage over global competitors. […] Read more
Vestas Bags 1,220 MW Capacity Orders for Wind Turbines from Europe & US Updated On Tue, Oct 3rd, 2023 by Saurenergy Vestas, a Denmark-based wind turbine manufacturing firm, has entered into a series of new contracts to supply 1,220 MW of onshore and offshore wind turbines cumulatively to projects located in Europe and the United States. Eyeing the European Market Vestas is set to take over the European market, where it has bagged the majority of […] Read more
US On Course For Record 32 GW Solar Capacity Additions in 2023 Updated On Fri, Sep 8th, 2023 by Saurenergy A new report from the US solar lobby Solar Energy Industries Association (SEIA) and Wood Mackenzie predicts a record addition of 32 GW of new capacity in 2023, a 52% increase from 2022. The US Solar Market Insight Q3 2023 report paints a positive picture of growth for the sector, especially with the IRA (Inflation Reduction Act) […] Read more
Lower Auction Volumes, Supply Chain Challenges May Slowdown 20% of India’s PV Capacity Additions in ’23: IEA Updated On Tue, Aug 8th, 2023 by Saurenergy The IEA (International Energy Agency), in its latest study, “Renewable Energy Market Update 2023 & 2024” has offered significant insights on worldwide markets in the renewable segment. The revelations of the report are as follows- Global Renewable Capacity Additions As per the report, the global renewable capacity additions are set to soar by 107 gigawatts […] Read more
August ALMM Update, Approved Capacity Nears 20 GW Updated On Fri, Aug 4th, 2023 by Saurenergy The Approved Models and Manufacturers of Solar Photovoltaic Modules (ALMM), which is a key measure announced by the MNRE in 2019 to give a boost to domestic manufacturing and reduce reliance on imports has updated its list. The list mandates the enlistment of only those models of solar PV module manufacturers, under ALMM, which comply […] Read more
