IEX Power Market Update for Jan ’23: IEX Clocks In Fiscal’s Highest Monthly Vol of 8639 MU Updated On Tue, Feb 7th, 2023 by Saurenergy The Indian Energy Exchange (IEX), India’s premier energy exchange, achieved 8639 MU cumulative volume in January 2023. This is inclusive of Green Power trade worth 347 MU, and 3.95 lac RECs (equivalent to 395 MU). IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and […] Read more
Polysilicon Maker REC Silicon In 10 year Deal With Hanwha In US For Supplies Updated On Fri, Feb 3rd, 2023 by Saurenergy Norwegian Polysilicon manufacturer REC Silicon has entered into a 10-year agreement with South Korean conglomerate Hanwha Solutions to offer fluidised bed reactor (FBR) polysilicon. REC’s two U.S.-based plants have a capacity of more than 20,000 MT of high-purity polysilicon. Readers will recall that the US had imposed severe restrictions on sourcing modules from firms that […] Read more
China Seeks To Limit Technology Access For Solar Manufacturing, In Move Aimed at India Updated On Thu, Feb 2nd, 2023 by Saurenergy China, which built its imposing, world dominating solar manufacturing sector with a combination of technology purchases from the west, academic partnerships and joint research, seems to have lost the appetite to allow others to do the same. The country, which leads in global solar markets with its manufacturing firms enjoying an almost 80% market share, […] Read more
Budget 2023 Offers No Surprises, Focus On Continuity Updated On Wed, Feb 1st, 2023 by Saurenergy With the budget presented, it’s time to make a quick assessment of what it had for the renewable energy sector. With Green growth made a key pillar of the 7 focus areas for the government, it does seem like the government is looking at a broader push like enabling ease of doing business, skilling, rather […] Read more
Boost to SMEs, Easy Imports, Cheaper Financing: Solar Expectations from Budget ’23 Updated On Tue, Jan 31st, 2023 by Saurenergy Budget 2022 made major announcements. Primary among them was the earmarking of Rs 19,500 crore for production linked incentives towards the manufacturing of high efficiency solar photo voltaic modules. While this has been a source of hope for the industry, a major mood dampener has been the imposition of duties on solar cells and modules. […] Read more
As Global Wind Turbine Manufacturers Face Headwinds Over Failures, Should India Firms Worry? Updated On Tue, Jan 31st, 2023 by Saurenergy Last year, as turbine manufacturers in the US and Europe announced job cuts, the cuts were blamed on the increasing cost of raw materials (like microchips) and inflation putting pressure on bottomlines. GE Renewables and Siemens Gamesa were the headline grabbers, hoping they had seen the last of a tough year. Vestas, the third of […] Read more
Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time – BNEF Updated On Tue, Jan 31st, 2023 by Saurenergy Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […] Read more
Sungrow Launches Its Latest Residential Solar-Storage-EV Charging Solution Updated On Tue, Jan 31st, 2023 by Saurenergy Global inverter and energy storage system solution supplier Sungrow has launched its latest integrated solution for ‘residential solar-storage-EV charging’ at the InterSolution 2023 that is being held in Belgium. Sungrow also showcased its new commercial inverter SG125CX together with the utility solution 1500V string inverter SG350HX for Benelux in Belgium to help the region achieve […] Read more
Government Extends Deadline For Pending Solar And Solar Wind Hybrid Projects Updated On Mon, Jan 30th, 2023 by Saurenergy In an official letter addressed to management at SECI, NTPC and NHPC, the Ministery of New and Renewable Energy (MNRE) has extended the deadline up to March 2024 for under implementation solar and solar wind hybrid projects. the new deadline is applicable for project bids finalized before March 9,2021. As per the announcement made by […] Read more
