US Solar Market Sets Q1 Record, Impact of COVID-19 Likely on Q2: Report Updated On Thu, Jun 11th, 2020 by Saurenergy The US solar market installed 3.6 GW of new solar PV capacity in Q1 2020, representing its largest first quarter ever in the United States. The US solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter (Q1) ever in the United States. According to […] Read more
Covid, Consumer Focus Lead to ‘Regressive’ HERC Tariff Order for 2020-21 Updated On Thu, Jun 11th, 2020 by Saurenergy In its tariff order for the year 2020-21, the order of the Haryana Electricity Regulatory Comission throws up some issues which will be watched very carefully from here on. For the solar and broader renewable energy sector of course, the most serious hit is the waiver of the state’s RPO (Renewable Purchase Obligation) backlog till […] Read more
France Selects 306 Rooftop Solar Projects in Latest Auction Round Updated On Wed, Jun 10th, 2020 by Saurenergy France has selected 306 rooftop solar projects worth a combined 152 MW in generation capacity in the tenth round of auctions that were recently concluded The Ministry of Ecological and Solidarity Transition in France recently announced the winners in the tenth round of tenders for commercial and industrial rooftop PV systems with generation capacities ranging […] Read more
Offshore Wind Capex in Europe to Surpass Upstream Oil and Gas by 2022: Rystad Updated On Tue, Jun 9th, 2020 by Saurenergy A new analysis has predicted that the capex on offshore wind will match upstream Oil and Gas spending in Europe in 2021, and surpass it in 2022 The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector […] Read more
Dramatic Fall in Cost of Funding Behind Record Breaking Solar Tariffs: IEEFA Updated On Tue, Jun 9th, 2020 by Saurenergy The cost of solar continued to decline during the pandemic, driven by dramatic falls in the capital cost of solar (solar module costs) and in the cost of funding. The Institute for Energy Economics and Financial Analysis (IEEFA) in a new report has detailed that despite the devastating impact of the COVID-19 pandemic, during the […] Read more
Equinor Investing More in RE Projects Than all Other Oil Majors Combined Updated On Mon, Jun 8th, 2020 by Saurenergy More than half (55%) of the investments made by global oil majors in renewable energy projects are expected to be invested by a single company – Equinor. Investments in solar and wind (RE) energy projects by the world’s major oil majors until 2025 are expected to exceed USD 18 billion, a new analysis by Rystad […] Read more
Covid-19 Created Opportunity to Implement Greener, More Circular Economy: Dr. Ajay Mathur Updated On Sat, Jun 6th, 2020 by Saurenergy The coronavirus pandemic has created the opportunity to implement a greener, more circular economy, said Dr. Ajay Mathur, Director General, The Energy and Resources Institute, (TERI). He was speaking at a webinar hosted to mark the World Environment Day on the theme, “Resource Efficiency for Greening of Recovery and fostering Sustainable Economic Growth in a […] Read more
Europe’s Wind & Solar Installations Will Need Grid Flexibility to Succeed: WoodMac Updated On Fri, Jun 5th, 2020 by Saurenergy A combination of wind and solar power, otherwise known as Variable Renewable Energy (VRE), could make up the largest share of power capacity throughout Europe’s major markets – Great Britain, Germany, France, Italy and Spain – as early as 2023, according to a new analysis from Wood Mackenzie. And the success of Europe’s transition to […] Read more
India’s Renewable Capacity Additions to Fall in Next 5 Years: BTI Updated On Fri, Jun 5th, 2020 by Saurenergy India’s renewable capacity additions in the next five years is expected to fall down from previous estimates due to COVID-19 disruptions, according to BTI India’s total solar and wind (renewable) power capacity additions in the next five years is expected to reach only 35 gigawatt (GW) and 12 GW, respectively, down from previous estimates due […] Read more
