Reliance Adds NexWafe In Strategic Bets with EUR 25 million Investment Updated On Wed, Oct 13th, 2021 by Saurenergy Reliance Solar Energy Limited (RSEL), the subsidiary fronting renewable energy investments from Reliance Industries, has entered into an agreement with Germany-based NexWafe GmbH (NexWafe) for acquiring 86,887 series C preferred shares of face value of EUR 1 each. RSEL will also be issued 36,201 warrants which are exercisable for a consideration of EUR 1 per […] Read more
CCE Group, Enernovum Secure Funds for 600MW Solar Portfolio in Italy Updated On Tue, Oct 12th, 2021 by Saurenergy A joint venture of CCE Group and Enernovum called CCE Solar Invest has secured finance for a portfolio of 14 solar farms totalling 600MW in Italy. The three-year loan from Kommunalkredit Austria is for projects in the Lazio, Tuscany and Apulia regions. It has been granted for the purpose of obtaining authorisation and pursuing the relevant […] Read more
Global Microgrids Market to Reach $46 B by 2026, China to be at $12 B Updated On Tue, Oct 12th, 2021 by Saurenergy Global market for microgrids estimated at US$27 billion in the year 2020, is projected to reach a revised size of US$46.5 billion by 2026, growing at a CAGR of 9.3% over the period, according to a new report. Key highlights of the “Microgrids: Global Market Trajectory & Analytics” report are given below: Global Micro Grids Market to […] Read more
Faster RE Adoption Can Cut Power Gen Cost by 50% by 2050: Wärtsilä Updated On Mon, Oct 11th, 2021 by Saurenergy Electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned, reports a new study by Wärtsilä. The technology group has issued the ‘Front-Loading Net Zero’ report ahead of COP26, the UN’s Climate Change Conference to be held in Glasgow this autumn, […] Read more
Fortescue Metals Acquires 60% Stake in RE Firm HyET Updated On Thu, Oct 7th, 2021 by Saurenergy Fortescue Metals’s green energy unit has bought a 60% stake in Dutch-based renewable firm High yield Energy Technologies (HyET) Group in a bid to cut costs and boost green energy production. “HyET Hydrogen’s technology will support FFI in reducing costs in other areas of the green hydrogen supply chain,” said Julie Shuttleworth, chief executive officer […] Read more
Rooftop Solar to Supply 25-49% of Global Electricity Needs by 2050: Study Updated On Thu, Oct 7th, 2021 by Saurenergy Owing to improved deployment capability and reduced costs, rooftop solar photovoltaics (PV) technology, such as roof mounted solar panels used in home, commercial and industrial buildings, is currently the fastest deployable electricity generation technology. According to a new report, it is projected to supply 25–49% of global electricity needs by 2050. Despite these predictions, a […] Read more
SUSI Partners to Fund Canopy Power’s Renewable Microgrids Updated On Thu, Oct 7th, 2021 by Saurenergy Swiss fund manager SUSI Partners, through its Asia Energy Transition Fund (SAETF), has joined forces with Singapore-based microgrid technology provider Canopy Power to bring clean power solutions to off-grid locations across Southeast Asia. It is SUSI’s second investment in Southeast Asia following the creation of a joint venture with Malaysian company InvestEnergy which is dedicated […] Read more
Spanish Firm Licenses its Patented ‘Continuous String’ Process Updated On Wed, Oct 6th, 2021 by Saurenergy Mondragon Assembly, a leading Spanish company dedicated to delivering solutions and equipment for the PV Industry, has secured a licensing agreement for its patent for “continuous string” process, which has been its intellectual property since 2013. “The current patent from 2013 provides us with some results not previously seen in the manufacture of strings,” claims the […] Read more
Fraunhofer ISE, M10 Industries Launch New Matrix Shingle Tech Updated On Wed, Oct 6th, 2021 by Saurenergy M10 Industries and the Fraunhofer Institute for Solar Energy Systems ISE, Germany, have developed a matrix shingle concept for connecting silicon solar cells and a new stringer for manufacturing novel matrix shingle modules. The stringer, which arranges the shingle solar cells offset from each other similar to bricks in a masonry wall, was built within […] Read more
