LG Electronics to Exit Global Solar Panel Business Updated On Wed, Feb 23rd, 2022 by Saurenergy LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […] Read more
Rooftop Solar Installation Price to Rise Until 2023: GlobalData Updated On Fri, Feb 18th, 2022 by Saurenergy Those striving to improve their carbon footprint by installing rooftop solar panels during the pandemic missed out on what has been over a decade-long annual price drop, according to GlobalData. The data and analytics company found that the price of panel systems dropped every year between 2013 and 2020, after which COVID-19-related supply chain disruption […] Read more
AGEL First in India to Achieve GRI South Asia Charter Member Status Updated On Tue, Feb 8th, 2022 by Saurenergy Adani Green Energy Ltd (AGEL), the renewable arm of the Adani Group, has received approval for being a member of the GRI South Asia Charter on Sustainability Imperatives. Adani Green Energy Ltd (AGEL) had initiated this pursuit in response to a call from GRI by becoming a signatory to the GRI South Asia charter in […] Read more
South Korea, Saudi Arabia Agree to Jointly Develop Hydrogen Economy Updated On Thu, Jan 20th, 2022 by Saurenergy South Korean President Moon Jae-in held talks with Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman on Tuesday and agreed to work together in areas related to the hydrogen economy. After holding the talks at the Al-Yamamah palace in Riyadh, the two nations signed preliminary deals to jointly develop green hydrogen, which is […] Read more
IEEFA: Skyrocketing EV Sales in China Spell a No-turning-back Step Change in Global Energy Landscape Updated On Wed, Jan 19th, 2022 by Saurenergy The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market, writes Tim Buckley, Director of Energy Finances Studies Australasia & South Asia, Institute for Energy Economics and Financial Analysis (IEEFA), as he gives insight […] Read more
Green Firm Renew Power Raises $400 M from Global Debt Investors Updated On Mon, Jan 10th, 2022 by Saurenergy ReNew Power has raised USD 400 million from global debt investors, making it the second issue from the country after Reliance Industries’ mop-up of USD 4 billion. The renewable energy firm said the money was raised by the Mauritius-based Clean Energy Holdings, a wholly-owned subsidiary of Renew Energy Global Plc that is the parent of […] Read more
Global Installed Wind Power Capacity to Grow at 9% Annually till 2030 Updated On Wed, Dec 15th, 2021 by Saurenergy Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie, a Verisk business. By the end of the decade, cumulative global wind power capacity is projected to hit over 1,756 gigawatts (GW). Wood Mackenzie’s Q4 forecast […] Read more
UK Climate Investments, Norfund Invest in South African Wind Portfolio Updated On Tue, Nov 16th, 2021 by Saurenergy Macquarie-managed UK Climate Investments (UKCI) and Norfund are financing a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of onshore wind farms. Both partners will invest alongside Enel Green Power in one of South Africa’s largest renewable energy equity deals valued at around […] Read more
Sungrow Bags Largest BESS Project In South East Asia Updated On Tue, Nov 16th, 2021 by Saurenergy Leading inverter solution supplier Sungrow is working with Super Energy, a leading renewable energy provider in South East Asia to build Southeast Asian largest battery energy storage system (BESS) project. Sungrow will supply the comprehensive PV plus BESS solution, comprising of 49.01 MW PV inverter solutions and 45 MW/136.24 MWh battery energy storage system. This project […] Read more
