Funding New Thermal Power Plants May Create Stranded Assets: IEEFA Report Updated On Wed, Jun 28th, 2023 by Saurenergy A latest report by the Institute for Energy Efficiency and Financial Analysis (IEEFA) claimed that new investments in thermal power plants could potentially lead to new stranded assets. The report said it is due to the economic benefits of renewable energy. The report titled ‘Cleaning up the last pile of India’s power sector Non-Performing Assets (NPAs)’ discusses […] Read more
Overcoming Climate Change Risks: India’s Quest to Expand Offshore Wind Power Updated On Fri, Jun 23rd, 2023 by Saurenergy India is banking on wind power expansion to meet close to a third of its 2030 renewables target, with solar accounting for most of the rest. Importantly, the country is finally actively pushing for offshore wind power as it aims to achieve 30 GW of offshore wind energy capacity by 2030. With one of the […] Read more
Thermax Subsidiary First Energy Commissions 45.80 MW Wind-Solar Hybrid Captive Plant Updated On Thu, Jun 22nd, 2023 by Saurenergy First Energy Private Limited (FEPL), a wholly owned subsidiary of Thermax Limited, an energy and environment solutions provider has commissioned a 45.80 MW wind-solar hybrid (WSH) captive power plant in the state of Gujarat. The state-of-the-art facility has an installed capacity of 24.3 MW of wind energy and 21.50 MW of solar energy. The plant […] Read more
Clearstone Energy Unveils Ambitious Plans for Energy Hub in Mid Devon Updated On Thu, Jun 22nd, 2023 by Saurenergy Clearstone Energy has revealed ambitious plans to establish a pioneering energy hub in Mid Devon, set to have a significant impact on the UK’s response to the climate emergency. The proposed hub, situated adjacent to Junction 27 of the M5, aims to maximize the utilization of renewable energy from solar and wind farms, presenting a […] Read more
Balancing Energy & Aquaculture in Bangladesh: First Floating Solar Power Plant Connects to National Grid Updated On Mon, Jun 19th, 2023 by Saurenergy Bangladesh has connected its first floating commercial solar power plant to the national grid. The farm is located in Chapainawabganj District, about 302 km northwest of the country capital Dhaka. The Joules Nawab Floating Solar Plant project consists of solar panels aggregating to a capacity of 2.3 MW mounted on specially designed floating platforms in […] Read more
Southeast Asian Power Market On A Liberalisation Spree: Report Updated On Thu, Jun 15th, 2023 by Saurenergy The recent Global Market Outlook report on solar power by Intersolar Europe and Global Solar Council claimed that several countries in the Southeast Asian market are on a liberalization spree to reform their power sector. These reforms aimed to boost the production of renewable energy and its use to cater to the power needs of […] Read more
Engie & Partners Commission 150 MW Hazelwood Battery Energy Storage System Updated On Thu, Jun 15th, 2023 by Saurenergy Engie, the French energy company, along with project partners Eku Energy and Fluence, has successfully commissioned the Hazelwood Battery Energy Storage System (BESS) in the Latrobe Valley, Victoria, Australia. This pioneering project, with a capacity of 150MW/150MWh, is the first of its kind in the country to be situated on the grounds of a decommissioned […] Read more
UK Allocates £4.3 Mn Funding to Advance Space-Based Solar Power Updated On Tue, Jun 13th, 2023 by Saurenergy The UK government has allocated £4.3 million in funding to universities and tech companies to drive the development of space-based solar power. While the concept of commercial power stations in space may seem futuristic, the space industry has long been at the forefront of solar power advancements. As part of the government’s space-based solar power […] Read more
China’s Offshore Wind Achieves Remarkable Power Price Parity with Coal Prices Updated On Tue, Jun 13th, 2023 by Saurenergy China’s rapidly expanding offshore wind industry has defied the global norm by successfully driving down power prices to match those of coal, according to a recent report by BloombergNEF. While other regions continue to face upward pressure on energy costs, China’s offshore wind sector has experienced a significant reduction in prices, presenting a promising development […] Read more