Siemens Energy to Build Green H2 Industry in Egypt Updated On Fri, Aug 27th, 2021 by Saurenergy German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […] Read more
MoP Launches Regulatory Compliance Division to Monitor Discoms Updated On Fri, Aug 27th, 2021 by Saurenergy The Ministry of Power (MoP) has set up a regulatory compliance division to monitor the various regulatory parameters and their compliances by the DISCOMS (distribution companies) as well as state commissions. The information was revealed in a recent interaction between Union Minister of Power and New & Renewable Energy RK Singh and electricity regulators. The […] Read more
Solar Recycling Is Becoming A Race Against Time Updated On Thu, Aug 26th, 2021 by Saurenergy In the last two decades, millions of solar panels have been installed, with an expected lifetime of between 25 and 30 years. That means over the coming years, a trickle of discarded panels will gradually turn into a flood, requiring effective recycling techniques to be in place soon. Solar recycling technologies, have their task cut […] Read more
India Added 2,110 MW Solar Power Capacity in Q2 ’21: BRIDGE TO INDIA Updated On Thu, Aug 26th, 2021 by Saurenergy India added 2,110 MW solar power capacity in Q2 2021, according to the the Q2 2021 edition of its “India Solar Compass” report that was recently released by BRIDGE TO INDIA. The report provides a detailed quarterly update of all key sector trends and developments – capacity addition, leading players, tender and policy issuance, equipment […] Read more
India’s Emissions Have Dropped by 28% from 2005 Levels: R K Singh Updated On Thu, Aug 26th, 2021 by Saurenergy India has already achieved emission reduction of 28% over 2005 levels, against the target of 35% by 2030 committed in its NDC (Nationally determined contributions), which makes India one of the few countries globally that have kept to their Paris Climate Change (COP21) commitments along with an exponential increase in renewable energy capacity, said Union […] Read more
Indian RE Sector Stable But Riddled With Payment & PPAs Signing Delays Updated On Thu, Aug 26th, 2021 by Saurenergy While India’s renewable energy (RE) sector is currently stable, the key challenges containing its growth lie on the execution front, finds a new report by ICRA. According to the report, the RE sector’s present stability is on account of strong project pipeline, the government’s continued policy support, and superior tariff competitiveness offered by wind and […] Read more
Storage Integrator FlexGen Bags $150 M Investment from Apollo Funds Updated On Thu, Aug 26th, 2021 by Saurenergy Apollo Global Management, an alternative asset management group, has announced a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the US and globally. Apollo’s investment will be made in partnership with FlexGen’s existing investors, Altira Group and the founding investment group led […] Read more
World’s Module Capacity to Grow in ’21; Southeast Asia 2nd Top Supplier Updated On Thu, Aug 26th, 2021 by Saurenergy Up to 400 GW of nameplate solar module manufacturing capacity and nearly 325 GW of nameplate cell capacity could be online by the end of 2021, says a new report. Southeast Asia is the second top production location for cell and module suppliers, following China and Taiwan, which are at the top. Clean Energy Associates […] Read more
Gravity based Energy Storage Startup Energy Vault Announces $100 Million Funding Updated On Wed, Aug 25th, 2021 by Saurenergy Energy Vault, the firm behind gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. We had covered the firm’s series B funding back in 2019. The newest investment round is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank […] Read more
