UPERC Proposes To Change Eligibility Criteria For Open Access Updated On Tue, Jul 30th, 2024 by Saurenergy The Uttar Pradesh Electricity Regulatory Commission (UPERC) has now come up with a new draft regulation to bring amendments to its Open Access Rules of 2019. It has asked the stakeholders to submit their responses to the draft regulations by August 29, 2024. The state power regulator, in its latest draft regulation has proposed to […] Read more
Loan Sanctions Up 383%, Disbursements 68% For IREDA In Q1 2024-25 Updated On Mon, Jul 1st, 2024 by Saurenergy Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a strong performance for the first quarter ended 30th June 2024. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book. The renewables focused firm, which has also been the preferred nodal agency for many key […] Read more
Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
NTPC May Take Up Its Renewable Portfolio To 30 GW Soon Updated On Fri, Jun 14th, 2024 by Saurenergy India’s power behemoth, NTPC Limited is now all set to achieve 30 GW of renewable capacity in the next few years. As per the top management of the company the company currently has a total renewable portfolio of 3.6 GW. However the current pace of works goes on, the Indian Central Public Sector Enterprise (CPSE) […] Read more
In A First, Volvo To Bring Vehicles With EV Battery Passport Updated On Wed, Jun 5th, 2024 by Saurenergy The Volvo EX90 electric SUV—which has the “world’s first EV battery passport”—will go on sale. Volvo is introducing the EV battery passport to provide important details to prospective purchasers, such as the composition, the source of the battery’s ingredients, and the battery’s carbon footprint. The automaker’s dedication has paid off as new all-electric vehicles are […] Read more
EU Commission Approves Italian Scheme To Support 4590 MW RE Production Updated On Wed, Jun 5th, 2024 by Saurenergy European Commission recently approved the Italian State aid scheme that is expected to support electricity production from renewable energy sources. The European Commission has approved the aid, under EU State aid rules, an Italian scheme. This would extend support to 4590 MW new capacity for electricity production from renewable energy sources. The scheme was developed […] Read more
China Flexes Solar Muscle (Again) With 5 GW Project Commissioning Updated On Wed, Jun 5th, 2024 by Saurenergy Lest their be any doubt over China’s absolute dominance and leadership in the renewable energy space, especially solar power, the Country reminded the world with a mammoth 5 GW project it commissioned earlier this month. The world’s largest solar project is a massive 5GW solar park in the north-west of the Xinjiang region that covers […] Read more
Electrification Key For 1.5°C Target, Global Demand Must Go Beyond 30K TW: IRENA Updated On Mon, Jun 3rd, 2024 by Saurenergy Electricity and electrification along with deployment of renewable power will play a crucial role in meeting the target of 1.5°C, according to a report by IRENA. The overall share of renewable energy in the energy mix will need to rise substantially to meet the 1.5°C target, driven by higher shares of renewable electricity and electrification, […] Read more
Land Issues Slowing Down RE Projects In South Asia: Bloomberg Updated On Thu, May 23rd, 2024 by Saurenergy According to a recent report by Bloomberg’s New Energy Outlook (BNEF), renewables can overtake fossil fuels to reach 51% of power supply in 2030, 63% in 2040, and 70% in 2050. Bloomberg reported the current scenario and found that the global electricity demand based on the Economic Transition Scenario (ETS) grew by over 70% from […] Read more
