California Doubles its Clean Energy Targets for 2030 Updated On Fri, Mar 27th, 2020 by Saurenergy With an aim to reduce carbon footprints and increase the share of renewable energy in the total energy mix, the California Public Utilities Commission (CPUC) on Thursday has adopted a new target for the electric sector that would more than double the state’s clean energy capacity installation by 2030. However, one of the green group […] Read more
AIIB Grants $60 Mn Loan for 500 MW Solar Project in Oman Updated On Fri, Mar 27th, 2020 by Saurenergy AIIB has approved a USD 60 million loan to increase the renewable power generation capacity in Oman by financing a 500 MW solar PV project in the country The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD 60 million loan to increase the renewable power generation capacity in Oman to help […] Read more
Offshore Wind is Expanding to new Markets as Prices Decline: Report Updated On Fri, Mar 27th, 2020 by Saurenergy According to a new report, offshore wind is expanding to new markets as technology costs decrease and renewable energy becomes more attractive A decade ago, in the infancy of offshore wind, there were concerns that it would be too expensive to grow at a large scale and compete with traditional market prices. Today, though, factors […] Read more
Mitsubishi and Chubu Complete EUR 4.1 Bn Acquisition of Eneco Updated On Thu, Mar 26th, 2020 by Saurenergy Mitsubishi and Chubu Electric have officially acquired all shares of Eneco through its joint venture for a total value of 4.1 billion euros In November 2019, Mitsubishi Corporation (MC) and Chubu Electric were selected as the preferred buyers in a bid for the Dutch Energy Company – Eneco. Both firms had since been completing the […] Read more
India’s RE Generation Capacity Sees 72% Growth in 6 Years: RK Singh Updated On Wed, Mar 25th, 2020 by Saurenergy The installed capacity of renewable energy generation in the country has grown 72% from 80 GW to 138.9 GW during the past six years, according to RK Singh. The installed capacity of renewable energy generation in the country has grown 72 percent from 80 gigawatts (GW) to 138.9 GW during the past six years, according […] Read more
Wind Energy Counts Its Losses From Coronavirus Updated On Wed, Mar 25th, 2020 by Saurenergy With the epicentre of the Covid 19 epidemic shifting to Europe and possibly the US, the global wind Energy industry is set o to take a big hit. According to research and consultancy firm Wood Mackenzie, global wind energy additions in 2020 could decline by 4.9 GW versus earlier projections. That means a drop from […] Read more
Lithuania Gets its Unique Remote Solar Consumer Model Updated On Tue, Mar 24th, 2020 by Saurenergy In-line with the growing demand for faster and more efficient ways to generate renewable energy, Lithuania, a country in the Baltic region of Europe, has launched a remote solar consumer model. This is the unique project, developed by Sun Investment Group, as it gives an opportunity to buy or rent a remote solar panel and […] Read more
CREDA Invites Bids for 20 MW Rooftop Solar Projects under Resco Model Updated On Mon, Mar 23rd, 2020 by Saurenergy State nodal agency Chhattisgarh State Renewable Energy Development Agency (CREDA) has issued a tender for the implementation of 20 MWp grid-connected rooftop solar photovoltaic (PV) systems under the Resco model. Also, the solar power generated through such projects will be utilized for government buildings at different locations in the state. According to the Chhattisgarh State […] Read more
India 3rd Largest Power Producer Globally Updated On Mon, Mar 23rd, 2020 by Saurenergy India is the third-largest electricity producer across the globe, as stated by the Power Minister RK Singh in the Lok Sabha. Also, India secured the 106th position in terms of per capita consumption in 2017, according to the latest key world energy statistics published by the IEA in 2019. The reforms in the power sector are […] Read more
