World Bank Commits $1 Bn for Battery Storage to Bolster Renewables Globally Updated On Fri, Sep 28th, 2018 by Saurenergy Also, the program aims to finance 17.5 GWh of battery storage by 2025 – more than triple the 4-5 GWh currently installed in all developing countries. The World Bank Group has committed to investment USD 1 billion for a new global program to ramp up investments in battery storage for energy systems in developing and […] Read more
India’s Renewable Energy Addition Falls Almost 20% YoY: Report Updated On Thu, Sep 27th, 2018 by Saurenergy According to data compiled on Renewable Energy by the consultancy firm, Bridge to India, India has added utility scale solar and wind power capacity of 9 GW in the last year till September 30th, 2018. Even after an aggressive approach towards renewable energy development in order to achieve the target of 177 GW by the […] Read more
Statkraft to Invest $1.2 Bn in Renewable Energy Updated On Thu, Sep 27th, 2018 by Saurenergy In order to achieve the target, Statkraft has an ambition to reach 6000 MW onshore wind and 2000 MW solar until 2025. Renewable Energy generator, Statkraft in a bid to strengthen its position in the renewable energy industry has planned to invest USD 1.2 billion in the renewable energy segment during the period 2019-2025. In […] Read more
Reverse Bidding to Continue in Renewable Energy Sector, says R K Singh Updated On Wed, Sep 26th, 2018 by Saurenergy “We will accept bids which are reasonable. If we come across bids which we consider to be excessive, we will cancel them,” the Minister said. The Power and New & Renewable Energy Minister R K Singh said that the government will not accept any unreasonable bids for renewables like solar and wind and continue to conduct […] Read more
India to Fetch 18% Power from Renewable Energy by 2022: Moody’s Updated On Tue, Sep 25th, 2018 by Saurenergy Moody’s report also suggested that India as an aggressive seeker of reliance on the renewable energy segment is taking positive steps to align its power generation mix with its Nationally Determined Contribution (NDC) commitments under the Paris Climate Agreement. India’s installed renewable energy capacity might contribute 18 percent of the total electricity generation mix by the year […] Read more
Renewsys Launches PV Module Wellness Programme Updated On Fri, Sep 21st, 2018 by Saurenergy This unique and exclusive initiative launched by the company’s Bengaluru division, will allow customers to test their PV modules at it’s Reliability Lab at no cost. RenewSys has launched a PV Module Wellness programme at the Renewable Energy Expo, Delhi. This unique and exclusive initiative launched by the company’s Bengaluru division, will allow customers to test their […] Read more
Google Signs Renewable Energy Deal to Power Data Center Updated On Wed, Sep 12th, 2018 by Saurenergy In order to reduce its carbon footprint, Google has signed the deal under a power purchase agreement (PPA) which allows the technology giant to fetch energy directly from the generator. Internet related services and products provider, Google has signed a 10-year renewable energy deal to buy renewable energy from three upcoming wind farms of Finland […] Read more
Renewable Energy May Cause $6 Trillion Fossil-Fuel Divestment Updated On Wed, Sep 12th, 2018 by Saurenergy J P Morgan mentions that contrary investment in the renewable energy would pose a high risk on shareholder returns for the oil giants. With an increased pressure from governments and consumers to use renewable energy, oil industry is eyeing investing in alternative sources of energy. Leading market analyst, J P Morgan suggests that the global […] Read more
Sony Enters RE100 Initiative for 100% Renewable Energy Updated On Mon, Sep 10th, 2018 by Saurenergy RE100 consists of companies committed to using 100% renewable electricity, and comprises over 140 member companies worldwide of which Sony is now a part. Sony Corporation has joined RE100, an initiative operated by the international non-government organization (NGO) The Climate Group in partnership with CDP, a UK based environment researcher. In so doing, Sony will aim […] Read more
