Renewables Led To Saving Of $520bn in Fuel Costs Globally: IRENA Updated On Wed, Aug 30th, 2023 by Saurenergy A new report by the International Renewable Energy Agency (IRENA) claimed that the global power sector saved $520 billion in fuel costs last year, owing to the increasing adoption of renewable energy sources. The report underscores how the ongoing fossil fuel price crisis catalyzed the competitiveness of renewable power sources. In 2022, 86 percent, equivalent to 187 Gigawatts (GW), […] Read more
Reliance AGM Announcements- Carbon Fibre Manufacturing, Sodium-Ion Batteries, Wind Manufacturing Takes Shape Updated On Mon, Aug 28th, 2023 by Saurenergy In its much-awaited 46th Annual General Meeting (AGM) today, Reliance Industries Chairman Mukesh Ambani laid out a sprawling vision for the firm’s expansion into green energy. With the firm setting itself on a path to carbon zero by 2035, Ambani said, “We are accelerating our journey to become net carbon zero by 2035 through renewables and bio-energy. We are […] Read more
Pune Military College Becomes India’s First Carbon Negative Garrison Updated On Fri, Aug 25th, 2023 by Saurenergy Pune’s College of Military Engineering has commissioned a 5 MW solar power plant. With the commissioning of this plant, the college has augmented its solar power generation capacity to 7 MW. CME claims to be the first carbon negative military formation in India. The CME has undertaken several initiatives towards curbing its carbon footprint. Among […] Read more
1300 Govt Buildings in Patna to Welcome Solar Panels Updated On Tue, Aug 22nd, 2023 by Saurenergy With a view to accelerate the adoption of renewable energy and curb electricity generated from coal and fossil fuels. Bihar Renewable Energy Development Authority (BREDA) will be setting up solar panels in around 1300 government buildings. This will encompass offices, hospitals, schools and other establishments. The first phase will see solar panels being set up […] Read more
Tata Power Renewable Energy Ltd in PPA for 9 MWp Solar Plant with Tata Motors in Uttarakhand Updated On Mon, Aug 21st, 2023 by Saurenergy Tata Power Renewable Energy Limited (TPREL), a firm that delves in the renewable energy sector and a subsidiary of Tata Power, has signed a Power Purchase Agreement (PPA) for 9 MWp on campus solar plant with Tata Motors’ Pantnagar plant in Uttarakhand. This solar plant will be the largest on campus solar facility in the […] Read more
Avg Wholesale Electricity Prices in India in H1 2023 80% Higher than 2019 Levels: IEA Updated On Fri, Aug 18th, 2023 by Saurenergy IEA’s latest report entitled, ‘Electricity Market Report Update; Outlook for 2023 and 2024’ has shed light on the following findings- India has installed significant solar generation capacities in recent years, which helps meet daytime peak demand for cooling. However, evening peaks when the sun does not shine but temperatures remain very high pose a significant […] Read more
Lack of Logistics Support Major Hurdle for EV Market Growth in Africa: UNCTAD Updated On Fri, Aug 18th, 2023 by Saurenergy A recent report released by the United Nations Conference on Trade and Development (UNCTAD) suggests that Africa’s critical mineral industry can help manufacturers looking to diversify their supply chain. It can power their EV market and add value to their global supply chain. The report places the continent in the fifth position on the world’s […] Read more
Our Energy Storage Unit A Better Alternative To Li-Ion Batteries: Vijay Prateik, CEO, DeMITasse Energy Updated On Wed, Aug 16th, 2023 by Saurenergy Vijay Prateik is the Co-founder and Chief Executive Officer (CEO) of DeMITasse Energies. Prateik is an alumnus of IIT-Bombay and the Massachusetts Institute of Technology (MIT). His company was also incubated at IIM-Bangalore. His startup, founded in 2016, uses thermo-chemical mechanisms for storing energy for longer durations. It claims that the firm’s technology can aid […] Read more
NTPC Gung Ho On Renewables Targets, Sees Bigger Opportunities Open Up Updated On Mon, Aug 7th, 2023 by Saurenergy National Power Utility NTPC Limited has been in the news for all the right reasons recently. A soaring stock price has been driven by rising power demand, which has meant higher utilisation of NTPC’s coal power fleet, even as NTPC itself has extracted almost 65% higher coal during the year gone by. That, plus a […] Read more
