With An Aim Of 40% Domestic Sourcing By 2030, European Commission Announces Net Zero Industry Act Updated On Fri, Mar 17th, 2023 by Saurenergy Following the Inflation Reduction Act in the US, India’s own PLI schemes and the Basic Customs Duty on Solar Imports, the European Commission is set to erect some protectionist fences at its borders too. Under the European Commission’s (EC) proposed Net Zero Industry Act, which seeks to accelerate the decarbonisation of the energy sector in […] Read more
Sungrow Signs 145 MW Distribution Agreements in Pakistan Updated On Mon, Mar 13th, 2023 by Saurenergy Global inverter and energy storage conglomerate Sungrow has signed 145 MW distribution agreements with local partners including SkyElectric, Wateen Energy and Uenergy at Solar Pakistan 2023 expo to further facilitate Pakistan’s 2030 ambition to generate 60% of its electricity from renewable sources. Sungrow participated in the expo showcasing its commercial storage system PowerStack, residential solar-plus-storage, […] Read more
Chinese Battery Giant CATL Announces 2022 Results, Almost Doubles Profit Updated On Mon, Mar 13th, 2023 by Saurenergy Chinese battery giant Contemporary Amperex Technology Limited (CATL) has announced its financial results and said that it almost doubled its net profit in 2022 due to the booming electric vehicle market at home. CATL said that its net profit increased by 93 per cent to $4.4 billion in 2022 year on year. The company disclosure […] Read more
FuturaSun Plans New 2 GW Solar Module Facility in Italy Updated On Fri, Mar 10th, 2023 by Saurenergy European solar module maker headquartered in Italy, FuturaSun has announced that it has acquired a 24,000 sq meters plot of land in the industrial area of Cittadella (Padua) to establish a new Italian solar module Gigafactory. FuturaSun said that the new factory will reach a 2 GW annual production capacity of high-efficiency photovoltaic modules that […] Read more
Wind Market Blows to 44 GW in Global Orders in Q4 ’22 on Chinese Orders Updated On Thu, Mar 9th, 2023 by Saurenergy As per Wood Mackenzie, in 2022, global wind turbine order intake peaked to new heights. While 44 gigawatts (GW) was procured in Q4, 134.6 GW was recorded for the year. Both the numbers have set new records. Yearly investment touched an estimated $74.2 billion and saw domination in activity by China. As far as the […] Read more
Astronergy Supplies 154.4 MW Solar Modules for German PV Plant Updated On Tue, Mar 7th, 2023 by Saurenergy Chinese solar panel maker Astronergy has revealed that a total of 154.4MWdc ASTRO N5 TOPCon PV Modules have been delivered to Germany, to materialize Europe’s biggest TOPCon PV plant in Döllen (Brandenburg). The n-type TOPCon PV Modules from ASTRO N series have gained traction worldwide after the first project with 355MWdc was signed in Australia. […] Read more
As Inverters Become ‘Smart’ Customers Follow Suit Updated On Mon, Mar 6th, 2023 by Saurenergy Solar inverters, with a share of 3-7% of project cost typically, have always played a far more critical role than the share of costs would imply. As the ‘brains’ behind the plant, the role of the inverter in converting power generated with the highest possible efficiency, in the safest way possible, has been critical for […] Read more
India’s Solar Self Sufficiency Dreams Move Ahead With Solar PLI II Bids Updated On Mon, Mar 6th, 2023 by Saurenergy Confirmations on the bidders for the phase 2 solar PLI (Performance Linked Incentives) scheme of the government are in, with Reliance Industries Limited (RIL), leading a host of companies that have bid for a slice of the incentives. In the guidelines for the second phase of the solar PLI scheme where Rs 19,000 crore has […] Read more
NREL Wins The Battle Of Commissions With GUVNL For 350 MW Solar Projects Updated On Fri, Mar 3rd, 2023 by Saurenergy In a battle involving 350 MW of delayed solar projects in Gujarat, NTPC Renewable Energy Limited has won an early win, with the CERC going with its contention that the Central Regulator is the right forum for any dispute with the state discom, GUVNL, in this case. NREL, the wholly owned subsidiary of NTPC, had […] Read more
