10% PV Installations Will Incorporate Storage Within a Decade: DNV Report Updated On Thu, Oct 12th, 2023 by Saurenergy DNV, an expert in assurance and risk management, has recently released its ‘Energy Transition Outlook, 2023’ report, focusing on the progress of solar photovoltaic (PV) technology. The report gives an overall trends stating that, in 2004 the annual solar installations were a modest 1 GW. However, by 2019, this figure skyrocketed to 100 GW despite […] Read more
Envision Strengthens Success Story in India with 653.4 MW Order Updated On Thu, Oct 12th, 2023 by Saurenergy Envision Energy, a global leader in renewable energy solutions has won an order from India’s JSW Energy for developing a 653.4 MW wind energy park in Karnataka and Maharashtra. As per the order, Envision would provide 198 units of EN 156-3.3 MW WTGs (Wind Turbine Generator). The project is expected to be commissioned in phased […] Read more
SOFAR Storage Solutions Seeks To Repeat Success In European C&I Market Updated On Thu, Oct 12th, 2023 by Saurenergy SOFAR, a global leading provider of all-scenario PV & ESS solutions, marked presence at the BNEF London Summit. Together with Nelson Nsitem, energy storage analyst from BNEF, both parties jointly held the roundtable “Exploring Possibilities and Overcoming Barriers: C&I Energy Storage in Europe” where industry experts exchange perspectives on C&I energy storage in Europe. SOFAR, […] Read more
India Ratings Downgrades SWREL to Default Grade Updated On Wed, Oct 11th, 2023 by Saurenergy In a move that is likely to shock, if not surprise quite a few in the industry, India Ratings and Research (Ind-Ra) has downgraded Sterling and Wilson Renewable Energy Limited’s (SWREL) bank facilities’ ratings to ‘IND D’ from ‘IND BB-’ while resolving the Rating Watch with Negative Implications. According to India Ratings, the key […] Read more
Finnish Energy Tech Firm Capalo AI Raises Pre-Seed Funding Worth €500,000 Updated On Wed, Oct 11th, 2023 by Saurenergy Finnish energy tech startup Capalo AI has raised €500,000 in pre-seed funding. The funding round was led by Innovestor Tech Fund, with Inventure also participating. Capalo AI will use the funding to further develop its virtual power plant (VPP) and multi-market optimization AI, as well as scale up its team with talented mathematicians and cloud service professionals. With the […] Read more
RE Generators Selling Power At Power Exchanges Can Issue REC: CERC Updated On Wed, Oct 11th, 2023 by Saurenergy In its latest order, the Central Electricity Regulatory Commission (CERC) clarified that renewable energy generators are entitled to Renewable Energy Certificates (REC) if they sell their power under the conventional market contracts of power exchanges. The order came to the fore after Indian Energy Exchange Limited (IEX) moved the Commission seeking approval for the changes made […] Read more
India’s RE sector offers scale of economies to foreign investors: Dhananjay Singh, ENGIE Updated On Tue, Oct 10th, 2023 by Saurenergy Please tell us about your installed capacities in India. Globally, we have got about 38 Gigawatts of renewable capacity and out of that in India, we have got over a gigawatt in operations and close to 1 gigawatt in construction. And then we want to grow bigger in India and probably we want to be […] Read more
Sofar Set To Expand In C&I and Utility-Scale Projects: Sunil Tiku, Sofar Updated On Tue, Oct 10th, 2023 by Saurenergy Sofar Solar, which entered the Indian market six years back with its inverters, is now diversifying its products and reach. The firm, which initially tried to penetrate the residential market and focussed more on Original Design Manufacturer (ODM) partnerships, is now trying to make inroads into the country’s Commercial and Industrial (C&I) and utility-scale projects. […] Read more
RecycleKaro Partners with Bajaj Auto for EV Battery Recycling Solutions Updated On Tue, Oct 10th, 2023 by Saurenergy RecycleKaro, a player in sustainable, lithium-ion battery recycling, has announced a strategic partnership with Bajaj Auto, a key player in the automotive manufacturer space, for the recycling of lithium ion batteries. Under this partnership, Recyclekaro will employ its cutting-edge Hydrometallurgy technology to recycle end-of-life batteries from Bajaj Auto vehicles. Hydrometallurgy technology The innovative Hydrometallurgy technology […] Read more
