SOFAR Launches PV & ESS Innovations at SNEC 2023, Shanghai Updated On Fri, May 26th, 2023 by Saurenergy SOFAR, a supplier of PV and Energy Storage Solutions (ESS), released multiple solar and energy storage innovations globally at SNEC 2023. PowerMaster Optimized for utility-scale energy storage plants, SOFAR has its latest flagship PowerMaster on display, which is an integrated solution embodied with promising technologies. As a safe, reliable and sustainable solution to ensure grid […] Read more
LGES, Hyundai Motor Form JV for $4.3 Bn Battery Manufacturing Updated On Fri, May 26th, 2023 by Saurenergy Global EV conglomerates LG Energy Solution (LGES) and Hyundai Motor Group have announced an EV battery cell manufacturing joint venture in the USA by signing an MoU. Under the agreement, LGES and Hyundai Motor will produce EV batteries in the USA and further accelerate the electrification efforts of Hyundai Motor in North America. The signing […] Read more
Spain Allows TotalEnergies To Develop 3-GW Solar Projects Updated On Mon, May 22nd, 2023 by Saurenergy The route for French energy conglomerate TotalEnergies to develop 3-GW of solar power projects has been smoothened in Spain. As per its announcement, TotalEnergies has obtained from the Spanish authorities (Ministry of Energy Transition and Autonomous Communities) a favourable Environmental Impact Assessment for an estimated 3 GW of installed capacity. Large-Scale Solar Projects This favourable […] Read more
GIPCL Gets 600 MW LOI for Khavda Solar Project from GUVNL Updated On Mon, May 22nd, 2023 by Saurenergy Gujarat Urja Vikas Nigam Limited (GUVNL) has issued a Letter of Intent, dated May 16, 2023 to Gujarat Industries Power Company Limited (GIPCL), received on May 20, 2023 for 600 MW capacity solar photovoltaic power projects at Khavda. Pursuant to the LOI, GIPCL is required to sign a PPA with GUVNL as a part of […] Read more
Bangladesh Opens Up Small, But Profitable Opportunity Next Door For Indian Developers Updated On Fri, May 19th, 2023 by Saurenergy Of late, Bangladesh, powered mostly by thermal power and blessed with an unfavourable location for hydropower, has made a serious effort to ramp up its renewable capacity. The country, which has a deficit of power supply that forces it to import from India, hopes that by 2041, 40 per cent of its total power requirements […] Read more
A Lack of Awareness Among Key Stakeholders About Benefits Of Solar Insurance- Sudhish Ramteke, Anand Rathi Updated On Wed, May 17th, 2023 by Saurenergy As solar has achieved scale and a future of strong growth, insurance firms have also done well to catch up and offer products for the sector. Besides the obvious role of de-risking projects for developers, insurance firms also play a key role in wider understanding and acceptance of the risks involved for other key stakeholders, […] Read more
Ardian Sells 422-MW Wind Capacity To Naturgy Updated On Wed, May 17th, 2023 by Saurenergy Private investor Ardian has agreed to sell ASR Wind, a portfolio of 12 wind farms, to Naturgy, the Spanish renewable energy group. The wind farms are in different regions across Spain. Commissioned between 2005 and 2012, the farms have an installed capacity of 422 MW. The deal has been done against a consideration of EUR […] Read more
Axpo to Deliver 25 MW Lithium Battery Storage Project in Sweden Updated On Tue, May 16th, 2023 by Saurenergy Renewable energy developer Axpo will develop one of Sweden’s largest battery storage facilities. Acquired from project developer SENS (Sustainable Energy Solutions Sweden), the 25 MW battery storage facility in Filipstad is designed to provide ancillary services to help balance the electricity grid. Its construction is expected to start in early 2024. Axpo will develop a […] Read more
ERG Acquires 149 MWp Solar Project Consolidating its Presence in Spain Updated On Mon, May 8th, 2023 by Saurenergy European wind & solar energy major ERG, through its subsidiary ERG Spain HoldCo SLU, has signed an agreement with IBV Solar Parks, BV, a company of the German group ib vogt GmbH which is a leading global utility-scale solar development platform. ERG said that the agreement is for the acquisition, directly or through a subsidiary, […] Read more
