Rise of Renewable Energy to Put Competitive Pressure on Coal Plants: Fitch Updated On Thu, Nov 29th, 2018 by Saurenergy The report further said that the share of renewable energy sector will be further boosted by falling technology cost and increasing availability of cheaper finance. Despite the dominance of coal as a major source of electricity, a steady shift towards renewable energy is slated create competitive pressure on some thermal power plants, especially in developing […] Read more
EIB Expands Cooperation with SBI in Wind Energy Financing Updated On Sat, Nov 24th, 2018 by Saurenergy With this collaboration, the promoters of wind projects in the country will benefit from long-term low cost financing under the dedicated EUR 600 million renewable energy financing programme that is already supporting large-scale solar investment across the country. The European Investment Bank (EIB) will increase its support for India’s wind energy projects by expanding the existing lending programmes […] Read more
US Wind Turbine Market to be Driven by Decarbonization Targets and Favorable Regulatory Directives Updated On Fri, Oct 26th, 2018 by Saurenergy Global wind turbine market players recently witnessed a path-breaking announcement by energy giant GE, regarding the deployment of the most powerful offshore wind turbine called the Haliade-X in 2021. The deployment of the 12-megawatt wind turbine is expected to put GE in the leading position in the offshore wind turbine market as the new wind […] Read more
India May Achieve 76% of Renewable Energy Target by 2022, says Report Updated On Tue, Oct 16th, 2018 by Saurenergy Nonetheless, the government’s commitment and support towards renewables remain strong. One of the world’s leading research and consultancy group Wood Mackenzie in its report said that India may achieve about 76 per cent of the target of having 175 GW of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges. […] Read more
Ørsted Buys 100% Equity in Deepwater Wind for $150 Mn Updated On Thu, Oct 11th, 2018 by Saurenergy Post completion of the transaction, the new organization will be named as Ørsted US Offshore Wind. Danish energy company Ørsted has inked a pact with the D.E. Shaw Group to acquire a 100 percent equity interest in US-based offshore wind developer Deepwater Wind for about USD 510 million. As per the deal, the two companies’ […] Read more
Experts Laud India’s Ambitious Offshore Wind Target; Express Optimism Updated On Thu, Oct 4th, 2018 by Saurenergy A session titled ‘A Leap Into Offshore’ was held at the 2nd Global RE-INVEST India-ISA Partnership Renewable Energy Investors Meet & Expo at Greater Noida on 3rd October, 2018. Moderated by Mr Steve Sawyer, Secretary General, Global Wind Energy Council (GWEC), the session saw top global experts lauding India’s 30 GW offshore wind industry target […] Read more
UK Commences World’s Largest Offshore Wind Farm Updated On Wed, Sep 12th, 2018 by Saurenergy The addition of 87 wind turbines to the farm of already working 102 wind turbines has made it the largest operational offshore wind farm in the world. Just off the coast of England’s Walney Island is the site of newly commissioned 659 MW offshore wind power station. The addition of 87 wind turbines to the […] Read more
Leap Green Energy to Reach 2GW Capacity by 2020 Updated On Fri, Sep 7th, 2018 by Saurenergy The state electricity boards and various industrial and commercial corporate consumers are the prospective buyers of the Leap Green Energy power. Renewable energy developer, Leap Green Energy states plans upgrading its energy generation capacity to 2 GW power from existing 751 MW along with fund injection of USD 300 million. “Leap Green Energy (LGE), India’s […] Read more
New Jersey Power Utility to Examine Nautilus Offshore Wind Power Project Plan Updated On Thu, Sep 6th, 2018 by Saurenergy The small-scale Nautilus Offshore Wind Power project, expected to be comprised of three wind turbines with a combined capacity of up to 25 megawatts (MW), is a crucial first step towards implementing the Offshore Wind Economic Development Act. The New Jersey Board of Public Utilities has officially accepted the application tendered by EDF Renewables and Fishermen’s Energy […] Read more
