Sharp Increase in Renewable Investments Post COVID-19: Iberdrola CEO Updated On Tue, Apr 7th, 2020 by Saurenergy Iberdrola CEO Ignacio Galán has announced that the firm will speed up its renewable investments as soon as it is deemed safe to do so. Iberdrola CEO Ignacio Galán, while addressing the firms’ 600,000 shareholders in the recently held fully remote Annual General Meeting, has announced that in view of the current situation with the […] Read more
Renewables Account for Almost Three Quarters of New Capacity in 2019 Updated On Mon, Apr 6th, 2020 by Saurenergy The renewable energy sector added 176 GW of generating capacity globally in 2019, which is marginally lower than 179 GW added in the previous year. According to data released by the International Renewable Energy Agency (IRENA), new renewable power accounted for 72 per cent of all power expansion last year. IRENA’s Renewable Capacity Statistics 2020 shows that […] Read more
MNRE Continues To Bat For Renewable Energy. Will It Be Enough? Updated On Mon, Apr 6th, 2020 by Saurenergy Continuing with its quick moves, after every such incident, the Ministry of New and Renewable Energy has clarified again that distribution companies that do not honour their power purchase agreements will be charged for ‘deemed generation.’ In other words, if they happen to curtail power from RE producers despite the instructions to treat them as ‘must […] Read more
Toyota Launches Renewable Venture With Chubu Electric in Japan Updated On Mon, Apr 6th, 2020 by Saurenergy Toyota has established Toyota Green Energy with Chubu Electric for the purposes of obtaining and managing renewable energy sources in Japan Toyota Motor Corporation has announced that it has concluded an agreement to establish Toyota Green Energy LLP with Chubu Electric Power and Toyota Tsusho Corporation, for the purposes of obtaining and managing renewable energy […] Read more
Yinson Forays into Renewable Energy via Buying 37.5% Stake in Indian IPP Updated On Sat, Apr 4th, 2020 by Saurenergy Malaysian company Yinson, via its arm Yinson Renewables (S) Pte Ltd, has forayed into the renewable energy segment and bought 37.5 percent stake in the Indian Independent Power Producer (IPP) Rising Sun Energy Pvt Ltd (RSE). The company said that it has signed “multiple agreements to acquire a 37.5 percent equity interest in RSE, a […] Read more
Middle East Renewables Braced for Turbulent Outlook: GlobalData Updated On Fri, Apr 3rd, 2020 by Saurenergy Recent reports have estimated that global solar demand will slow down for the first time in three decades, with the coronavirus (COVID-19) crisis potentially triggering a drop of between 6 percent and 10 percent in demand in 2020. The downgrade is largely due to strict limitations on movement and commercial activity in China, where the […] Read more
MNRE Offers Solutions for Invoicing for Renewable Energy Supplied During Lockdown Updated On Thu, Apr 2nd, 2020 by Saurenergy MNRE has issued a new notification, offering viable solutions for invoicing for renewable energy (RE) supplied during the ongoing lockdown The Ministry of New and Renewable Energy (MNRE) has issued a new notification to offer relief to stakeholders as the renewable energy industry grapples with the ongoing lockdown imposed to combat the spread of the […] Read more
NTPC, SECI to Set Up 10GW Renewable Energy Parks in Rajasthan Updated On Sat, Mar 28th, 2020 by Saurenergy With an aim to achieve the target of 175 GW of renewable energy by 2022, the government has ramped up its process of tendering of renewable energy projects across the country. In line with this, India’s largest power generation utility NTPC and state-owned Solar Energy Corporation of India (SECI) will soon be signing an agreement with […] Read more
MNRE to Issue Uniform Guidelines for Renewable Energy Procurement Updated On Sat, Mar 28th, 2020 by Saurenergy In a further step to provide relief to the ailing renewable energy sector in the country, the Ministry of New and Renewable Energy (MNRE) is mulling to issue uniform combined guidelines for the procurement of renewable energy i.e. solar, wind, and hybrid energy including storage. The government’s motive behind issuing uniform guidelines is to boost […] Read more
