European Solar Energy Startups Witness 400% Surge in Investment: Report Updated On Wed, Jun 28th, 2023 by Saurenergy A new research report by Avent Abacus reveals that total investment in European solar energy startups is up almost 400 per cent compared to last year. Reportedly, the companies received $6 billion in funding in the first five months of 2023 alone. Key Insights Avent Abacus notes that the total investment in European solar startups […] Read more
Satyajit Ganguly Joins PXIL as CEO & MD Updated On Wed, Jun 28th, 2023 by Saurenergy Satyajit Ganguly has joined Power Exchange India Ltd (PXIL) as its Managing Director and Chief Executive Officer (CEO). Satyajit’s professional experience spanning 35 years entails working with NTPC, Central Electricity Authority in Western Regional Electricity Board (WREB), Power Grid, Lanco Power Ltd, Vedanta Group, OTPC. Before he joined PXIL, Satyajit was Managing Director with North […] Read more
Director – Power Fundamentals Research Updated On Thu, Jun 22nd, 2023 by Saurenergy We seek a full-time Head of Global Power Fundamentals for Wood Mackenzie’s Power & Renewables team. The team’s research spans power market fundamentals forecasting and proprietary sensor network data comprising some of Wood Mackenzie’s most highly utilized data, reports, and insights. The team consists of Data Analysts, Meteorologists, and Data Scientists, focusing on providing data and analytics […] Read more
Europe’s Solar Firm Alight Signs PPA With Axfood To Build Sweden’s Largest Solar Park Updated On Wed, Jun 21st, 2023 by Saurenergy Europe’s solar developer and Independent power producer Alight and food retail group Axfood have signed a Power Purchase Agreement (PPA) to build Sweden’s largest solar park threefold. The scale of the solar park unlocks the possibility of using non-recourse project financing for the first time, signaling a shift in the feasibility of large-scale solar in […] Read more
UEA’s Princeton Digital Group & Tata Power Collaborate For RE Supply to Indian Data Centre Updated On Tue, Jun 20th, 2023 by Saurenergy UAE-based Mubadala Investment Company has announced a partnership between its investee firms, Princeton Digital Group (PDG) and Tata Power Renewable Energy Limited. This collaboration was meant to utilise green power for a Mumbai-based data center. With this collaboration, eco-friendly electricity will be supplied to the PDG’s flagship data centers in India. As per the agreement, […] Read more
As Bangladesh’s Textile Sector Makes Green Switch, Lessons For India’s Export Giants Too Updated On Tue, Jun 20th, 2023 by Saurenergy Bangladesh has been a laggard when it comes to Grid-scale solar adaptation, historically. The country, which also imports power from India, faces a challenge when it comes to energy, with a reliance on natural gas besides thermal power from India. However, there have been clear signs of acceleration in its solar installation drive recently. At […] Read more
Poor Policy Shackling Pakistan’s Solar Potential: IEEFA Updated On Fri, Jun 16th, 2023 by Saurenergy Innovating Pakistan’s power purchase agreements (PPA) for renewable projects, and offering price stability to de-risk the market, are crucial to restore investor confidence, according to a new report authored by Haneea Isaad, an Energy Finance Analyst at the Institute for Energy Economics and Financial Analysis (IEEFA). The new report analysed the efficacy of incentives available […] Read more
Indian Investor, Others Help Australian Battery Startup Sicona To Raise AU$22m Funds Updated On Thu, Jun 15th, 2023 by Saurenergy Australian battery startup Sicona Battery Technologies (Sicona) has now announced raising AU $22 million in Series A funding, which will be used to further the company’s development plans in Australia and the United States. The $22 million investment was led by India’s Himadri Speciality Chemical Ltd, leading Australian venture capital investor Artesian, and Electrification & […] Read more
Govt Releases Norms for Tariff-Based Bidding Process for RE Power with Storage Updated On Tue, Jun 13th, 2023 by Saurenergy The Ministry of Power recently released a set of guidelines for a tariff-based competitive bidding process for procuring firm and dispatchable power from grid-connected renewable energy power projects with energy storage systems. The document defined renewable power as solar generating systems, wind energy generating systems, or a combination of both, with Energy Storage Systems (ESS). It also […] Read more
