RE Investment Needs Restructuring Favoring Global South: IRENA Updated On Tue, Nov 12th, 2024 by Saurenergy IRENA World Energy Transition Outlook identified that there is a geographic concentration of investments, and calls for structural changes to close the financing gap faced by the countries of the global south. According to the report’s findings, among the advanced economies of 38 countries, which make up 14% of the world’s population and represent 40% […] Read more
India’s RE Investment Hits USD 12.4 Bn, Falls Short of 2030 Target: Report Updated On Tue, Nov 12th, 2024 by Saurenergy India’s renewable energy investment has grown to USD 12.4 billion in 2023, up from 2020. However, investment remains far below the estimated USD 200 billion required to achieve India’s goal of 500 GW of non-fossil fuel electricity capacity by 2030. According to the Zero Carbon Analytics report’s findings, to meet the 500 GW of non-fossil […] Read more
Feeder Solarisation: Sunkind Bags 10.4 MW Mahagenco Contract Updated On Tue, Nov 12th, 2024 by Saurenergy In a step to augment the solariation of agricultural feeders in Maharashtra, Sunkind, a renewable energy solutions provider has secured a ground-mounted solar project awarded by Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukya Mantrai Krishi Vikas Yojana (MSKVY) 2.0 scheme. The 569 MW EPC (Engineering, Procurement, and Construction) is aimed to boost […] Read more
The Emissions Impact of Repurposed EV Battery Packs in Residential Settings Updated On Tue, Nov 12th, 2024 by Saurenergy The popularity of plug-in electric vehicles (PEVs) has taken off, thanks to better batteries, lower costs, and strong policy support. However, as electric mobility becomes more mainstream, a crucial question arises, what happens to these batteries when they are no longer usable? With 1.2 million electric vehicle batteries predicted to be decommissioned worldwide by 2030 […] Read more
NDCs 3.0 A Key For Global Goal To Triple RE By 2030: IRENA Updated On Mon, Nov 11th, 2024 by Saurenergy Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to the World Energy Transitions Outlook 2024 of IRENA. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero […] Read more
Bihar Issues Tender For Solarisizing Feeders Under RESCO Mode Updated On Mon, Nov 11th, 2024 by Saurenergy The Bihar government has issued a tender inviting solar project developers to accelerate the solarisation of agricultural feeders under Component C2 of the PM-KUSUM scheme. The initiative will be implemented using the RESCO (Renewable Energy Service Company) model, in line with the state’s earlier plans. The tender was released by the Bihar State Power Generation […] Read more
Can COP29 Help In Expediting Renewable Growth In India? Updated On Mon, Nov 11th, 2024 by Saurenergy The convergence of global leaders, policymakers, and pro-climate groups in Baku, Azerbaijan, for the annual Conference of Parties (COP29) is likely to expedite the energy transition globally. It is more pertinent to the Global South including India which has been demanding fair access to the Climate Fund, as committed by developed countries for pro-climate activities. […] Read more
Global Push for Energy Efficiency Targets Faces Hurdles, Progress Stagnates Updated On Mon, Nov 11th, 2024 by Saurenergy At the 2023 COP28 summit, nearly 200 countries agreed to double the global rate of energy efficiency improvements by 2030. This decision highlights energy efficiency as a critical part of the clean energy transition. However, one year later, progress remains slow, with improvements in energy efficiency showing only a modest increase of about 1% in […] Read more
MERC Grants Relief To Wind Company Due To Force Majeure Updated On Fri, Nov 8th, 2024 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC), in its latest order, provided relief to Clean Wind Power (Bhavnagar), a subsidiary of Hero Wind Energy Private Limited (Hero). This case highlights the importance for renewable energy developers to carefully draft contracts, anticipate potential disruptions, and ensure compliance with regulatory requirements to mitigate risks. In its order, MERC […] Read more
