Global Storage Market Predicted to Reach 158 GWh by 2024: Report Updated On Tue, Apr 9th, 2019 by Saurenergy The global energy storage market will expand 13-fold by 2024, according to new research from consultancy firm Wood Mackenzie. According to the report, ‘Global energy storage outlook 2019: 2018 year-in-review and outlook to 2024’, energy storage has been creeping into decarbonising markets over the past 5 years. Commenting on the report, Ravi Manghani, Research Director, said, […] Read more
$59 Million Fund to Accelerate Research in Batteries and Electric Vehicles Updated On Mon, Apr 8th, 2019 by Saurenergy Funded through the Office of Energy Efficiency and Renewable Energy, this funding opportunity seeks projects to address priorities in advanced batteries electric drive systems, and energy efficient mobility systems amongst other areas of interest. The U.S. Department of Energy, Under Secretary of Energy, Mark W. Menezes has announced up to $59 million for new and […] Read more
GE to Supply Benin’s 1st ADMS Grid Soln; Inks 2 Deals in West Africa Updated On Mon, Apr 8th, 2019 by Saurenergy As per the deal, the company will build energy systems in Benin and upgrade three substations in Cote d’Ivoire. GE Renewable Energy’s grid solutions business has bagged two contracts in West Africa to provide its energy solutions to help foster economic development and growth in Benin and Cote d’Ivoire. As per the deal, the company […] Read more
Sungrow Boosts its Commitment to Emerging Solar Markets in Asia-Pacific Updated On Sat, Apr 6th, 2019 by Saurenergy Sungrow, one of the leading global inverter solution supplier for renewables, is accelerating its commitments to the emerging solar market in the APAC region, particularly in South Korea and Vietnam. South Korea outlines fresh incentives to prioritise renewable projects with a low carbon footprint, higher efficiency and stricter industry codes. Offering a comprehensive product portfolio, Sungrow […] Read more
MIC to Sell Solar, Wind Biz to Goldman, DIF for $215 Mn Updated On Fri, Apr 5th, 2019 by Saurenergy The company has already planned to use these proceeds to invest in the growth of its remaining businesses. After Amtech Systems, recently, revealed its plan to sell its solar business, US-based Macquarie Infrastructure Corporation (MIC) has also inked a pact to sell its entire wind and solar power generation businesses. As per the deal, the […] Read more
Global Solar PV Market To Reclaim Double-Digit Growth, India Falls behind Updated On Fri, Apr 5th, 2019 by Saurenergy The latest IHS Markit’s Report on Solar sector says this revived growth is coming mainly from markets outside of China, which are forecast to rise by 43% in 2019 but USA will overtake India to once again become the second-largest PV market. The global solar PV market is set to bounce back from single-digit growth […] Read more
Cancellations in 2018 continue to cast a shadow over 2019 Solar and Wind Projections Updated On Fri, Apr 5th, 2019 by Saurenergy With total cancellations of close to 8500 MW, which would have drawn in investments of close to $ Six billion, India’s regulators at both central and state level continue to fend off criticism for the way they are running the show For the renewable sector in India, 2018 was the year which began with so […] Read more
World Bank Grants $148Mn to Finance Access to Electricity in Mozambique Updated On Thu, Apr 4th, 2019 by Saurenergy The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique, including Niassa, Nampula, Zambezia, Cabo Delgado and Sofala. The project is also supported through a $66 million Multi-Donor Trust Fund administered by the Bank. With the potential to benefit about 1.5 million people, […] Read more
India Should Evaluate BESS as a Viable Storage Tech Updated On Thu, Apr 4th, 2019 by Saurenergy The US-India Strategic Partnership Forum (USISPF) has said that grid-connected battery-based energy storage system (BESS) should be evaluated more actively as a commercial storage technology for grid services, as it offers superior performance and a declining price trend in the future. “In the 21st century, India’s symbol of national pride should be its grid that […] Read more
