Load Shedding An Insult To People, Errant Firms To Be Penalized: RK Singh Updated On Thu, Jan 18th, 2024 by Saurenergy Union Power Minister RK Singh today said that load shedding is an insult to the people of India. He also warned the power companies in the country that they would have to pay penalties for their defaults. The union minister was speaking in a review meeting of power sector with the energy secretaries of states […] Read more
American Firm AES Completes Construction of 3.5 GW Of Renewables Updated On Thu, Jan 18th, 2024 by Saurenergy America-based global cleantech company AES Corporation announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022. “In 2023, AES Corporation completed the construction of 3.5 GW of new renewables. This construction milestone represents a new record and a growth rate of nearly 100% over 2022. Including […] Read more
EV Sales In India Record 50% Rise, Two-Three Wheelers Dominate Sales Updated On Thu, Jan 18th, 2024 by Saurenergy As the focus on a green future increases, electric vehicles have gradually become a part of vogue amid a proactive push by governments and several institutions to create awareness among the people. A study conducted by CareEdge Ratings shows that sales of Electric Vehicles registered a significant growth in CY23 as compared to CY22. The […] Read more
IREDA Signs MoU with IOB For Co-lending For Renewable Energy Projects Updated On Thu, Jan 18th, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA), a non-banking financial institution under the Ministry of New and Renewable Energy (MNRE), has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) pertaining to co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country. The MoU includes provisions for co-lending […] Read more
Exide Launches Battery Range To Cater To Demands Of Data Centers Updated On Thu, Jan 18th, 2024 by Saurenergy Exide Technologies an energy storage solution provider for stationary applications announced launching its new ‘Sprinter Pure Power’ battery range. Developed specifically for use in data center UPSs, this latest generation of advanced AGM batteries also serves a wide variety of applications, the firm said. “As the world becomes increasingly digital, data centers must manage exponentially […] Read more
Battery Usage In Transport, Power Can Abate 60% Energy Needs: Report Updated On Thu, Jan 18th, 2024 by Saurenergy A recent report by Rock Mountain Institute (RMI) found that increase usage of battery in transportation can reduce fossil fuel requirements up to half. The report found, “Demand is growing on an S-curve. Battery sales have been doubling every two to three years, and we are on track for a six to eight times increase […] Read more
Q3 Results-Sterling and Wilson Renewable Continues Recovery With Order wins Updated On Thu, Jan 18th, 2024 by Saurenergy Sterling and Wilson Renewable Energy Limited (SWRE), one of the leading solar EPC and O&M solutions provider, announced its financial results for the quarter (Q3) ended 31st December 2023. Its consolidated loss in the third quarter (Q3) of FY24 stood at INR 63.7 crore compared to INR 101.2 crore year ago, and revenue rose 43 per […] Read more
CIP, Ignitis Renewables Win Second Estonian Offshore Wind Tender Updated On Thu, Jan 18th, 2024 by Saurenergy Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II, and Ignitis Renewables have won the auction-based competitive tender for the development of an offshore wind farm in the Liivi 1 seabed area in Estonia, having placed the highest bid of EUR 1.16 million Having previously won the Liivi 2 site in Estonia’s first offshore […] Read more
Could a Donald Trump Presidency Trip Up The IRA? Updated On Thu, Jan 18th, 2024 by Saurenergy The IRA, or the Inflation Reduction Act in the United States (US), ever since it came into force in August 2022, has been unfolding the kind of impact that has never been seen yet in the clean energy industry. Even as most provisions in the IRA became effective by Jan 2023, the biggest part of […] Read more
