Inox Wind Signs Pact For India’s Single Largest 1500 MW Order from CESC Updated On Thu, Feb 8th, 2024 by Saurenergy Indian wind energy company Inox Wind Limited (IWL) announced today that it has entered into a binding framework agreement with CESC Limited, one of the largest power utilities in India, for the installation/supplies of 1,500 MW of wind capacity over the next 3-4 years. The deal is for IWL’s latest DF/3000/145 Wind Turbine Generators (WTGs), […] Read more
BUDGET: FM Announces Support For RTS, Offshore Wind and EV Manufacturing Updated On Thu, Feb 1st, 2024 by Saurenergy Union Finance Minister Nirmala Sitharaman announced the Union Budget 2024 today. Speaking in Lok Sabha, the finance minister discussed the recently announced Pradhan Mantri (PM) Suryodaya Scheme. On January 22, PM Narendra Modi announced the connection of one crore households with rooftop solar. In her budget speech, the finance minister talked about the savings of […] Read more
Amazon Signs Pact With ENGIE To Procure 473MW RE From Wind Farm Updated On Tue, Jan 30th, 2024 by Saurenergy Amazon signed a corporate power purchase agreement (CPPA) with ENGIE, increasing its output share from Ocean Winds’ Moray West offshore wind farm. The agreement would bring Scotland’s total renewable energy capacity operational this year to 473MW when the site becomes operational later this year. ENGIE stated, “This is enough energy to power more than 650,000 […] Read more
Electricity Demand Growth Grew Fastest In India, China: IEA Report Updated On Mon, Jan 29th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several reasons for the same. The report said that while China, […] Read more
PV Module Manufacturer Alpex Solar Seeks Rs. 75 Crore Through IPO At NSE Emerge Updated On Thu, Jan 25th, 2024 by Saurenergy The solar boom continues to make itself felt more publicly, with yet another firm, Alpex Solar, planning an IPO in February this year. Alpex solar has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge, for an IPO it hopes to complete during the month. The issue size comprises a fresh issue of 64,80,000 […] Read more
Solar Power Europe Revises Battery Regulation For PV Manufacturers Updated On Wed, Jan 24th, 2024 by Saurenergy ‘Solar Power Europe‘, a European industry body for solar, released a report, ‘Solar Power Europe End-Of Life Guidelines”. The report shared an outlook to modernize the EU legislative framework for batteries and accumulators. This ‘Battery Regulation’ is estimated to repeal ‘Battery Directive’, which was proposed for discussion and published for consultation in December 2020. It […] Read more
Inflation Reduction Act to create 67,000 jobs & $2 billion income in rural US: Report Updated On Mon, Jan 22nd, 2024 by Saurenergy Inflation Reduction Act was signed into law in the United States in August 2022. The act aims to set newer policy measures to reduce carbon emission, improve healthcare and taxpayer compliance. It also allocates money directly to environmental justice priorities. According to McKinsey, the Inflation Reduction Act is the third piece of legislation in the […] Read more
LONGi Makes Case For Net Zero Manufacturing At WEF Davos Updated On Mon, Jan 22nd, 2024 by Saurenergy As one of the newest recipients of the World Economic Forum (WEF) “Lighthouse Factory” recognition, Chinese solar giant LONGi made a strong case for net zero manufacturing powered by clean energy. For LONGi, which will celebrate it’s 25th year of founding in 2025, the journey to be the leading solar player has been truly impressive. […] Read more
US Announces USD $34mn Investment To Improve 12 Electricity Projects Updated On Wed, Jan 17th, 2024 by Saurenergy US’s Department of Energy (DOE) made an announcement for investing $34 million in 12 projects across 11 states. The project aimed at strengthening and modernising America’s aging power grid through the development of cost-effective, high-speed, and safe undergrounding technologies. These projects claim to support undergrounding electric power lines, helping modernize the electric grid and replace […] Read more
