MNRE Amends Offshore Wind Lease Rules To Ease Process Updated On Tue, Oct 1st, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) recently announced an draft amendment to the offshore wind energy lease rules, aimed at regulating the leasing of offshore areas for wind energy projects. The government can now grant leases for up to 35 years, with the possibility of extending them on a case-by-case basis, depending on […] Read more
Gujarat: GE Vernova Set To Supply 51.3 MW Wind Energy To Powerica Updated On Fri, Sep 27th, 2024 by Saurenergy US-based wind energy company GE Vernova recently signed an agreement to supply 51.3 MW of wind turbines to Powerica in Gujarat. For its 51.3 MW project in Devbhumi Dwarka, Gujarat, Powerica has chosen to install 19 GE Vernova 2.7 MW-132 wind turbine generators (WTGs). Powerica, a key player in both the Independent Power Producer (IPP) […] Read more
H1: Global Wind Turbine Orders Hit 91.2 GW, India Orders Rise 69% YoY Updated On Tue, Sep 17th, 2024 by Saurenergy Globally, the wind turbine order intake reached a new high in H1, with the addition of 91.2 GW. This is a 23 percent increase year-over-year (YOY). According to a new analysis from Wood Mackenzie, this took the global investment by developers in H1 to US$ 42 billion, a 3% increase YOY. Whereas, the developers in […] Read more
SECI Seeks Offshore Wind Developers For 500 MW Gujarat Project Updated On Mon, Sep 16th, 2024 by Saurenergy Solar Energy Corporation of India Limited (SECI), a ‘Navratna’, recently released a tender to select wind power developers to set up 500 MW ISTS-connected offshore wind power projects in India (Tranche-I). The tender set the bid submission end date (Soft Copy) as 10-12-2024 and the bid submission end date (Hard Copy) is 12-12-2024 The tender […] Read more
Q3 2024: GE Vernova Faces $300Mn Loss Despite Onshore Wind Profitability Updated On Fri, Sep 13th, 2024 by Saurenergy GE Vernova recently released its financial results for 2024, in its financial guidance it posted a revenue trending towards the higher end of $34-$35 billion, adjusted EBITDA margin* of 5%-7%, and free cash flow* of $1.3-$1.7 billion. The company expects incremental strength in its Power and Electrification segments, with both trending towards the higher end […] Read more
President Approves VGF Scheme For 1 GW Offshore Wind Projects Updated On Fri, Sep 13th, 2024 by Saurenergy President of India, Droupadi Murmu, has approved the government’s plan to award Viability Gap Funding (VGF) to boost offshore wind projects in India. The Ministry of New and Renewable Energy (MNRE), in its latest notification, stated that it has received approval for the plan. With the President’s sanction, India is now set to provide VGF […] Read more
How Extreme Weather Events Are Threatening Wind Projects? Updated On Tue, Sep 10th, 2024 by Saurenergy In May this year, India witnessed the infamous case of a windmill catching fire amid extreme heat waves. The incident was reported from the Jaisalmer district of Rajasthan when the temperatures almost crossed 50 Degree C. Pictures and videos of the ignited windmill were widely shared on social media and spread like a fire among […] Read more
MingYang Defies Skeptics With Successful Installtion of 20 MW Offshore Turbine Updated On Mon, Sep 2nd, 2024 by Saurenergy Proof if ever was needed, on the next frontier for Chinese renewable equipment majors, is here. Offshore wind turbines, probably the last big segment that Chinese firms turned their attention to, has a new record holder for turbine size at 20 GW, in the form of Chinese renewable energy equipment manufacturer Mingyang Smart Energy. Mingyang […] Read more
2023: Onshore Wind Struggles With Permits, Grid Issues: Report Updated On Thu, Aug 29th, 2024 by Saurenergy According to a recent report by energy research body– BloombergNEF (BNEF), the global transition towards clean electricity has reached new milestones, with wind and solar contributing 13.9% which is reported to reach a new record high. Additionally, a pair of new reports and findings from two reports published by BNEF: Power Transition Trends 2024, and […] Read more
