Azure Power Secures Green Bond of US$41.4 Million At Lowest Coupon of 3.575% Updated On Fri, Aug 13th, 2021 by Saurenergy Indian independent power producer (IPP), Azure Power Global Limited announced the issuance of a dollar green bond of US$414,000,000, through its wholly-owned subsidiary, Azure Power Energy Ltd. The Bond, maturing in 2026, will be issued at a coupon of 3.575%, i.e., the lowest ever coupon in the high-yield segment for any business out of India […] Read more
Vestas Revenues At $4.1 Bn in Q2 FY21, Orsted Reports $2.68 Bn Updated On Thu, Aug 12th, 2021 by Saurenergy Danish wind turbines manufacturer, Vestas Wind Systems, has released its financial results for the second quarter of the fiscal year 2021 (Q2FY21), and it has reported a revenue of EUR 3.53 billion (USD 4.15 billion). Fellow Danish utility and developer, Orsted also reported its financial results for the same quarter today, coming out with a […] Read more
Global Stationary Lead Acid Battery Market to be Worth $11 B by 2030 Updated On Thu, Aug 12th, 2021 by Saurenergy Globally, the stationary lead acid batteries market is estimated to reach $11.02 billion by 2030 from $7.38 billion in 2020, an uptick at a compound annual growth rate of 4.1%, finds a new analysis by market research company Frost & Sullivan. The report “Global Stationary Lead Acid Battery Growth Opportunities,” shows that stationary lead acid […] Read more
Innowatts Deploys Grid Edge Solutions in US & UK Updated On Wed, Aug 11th, 2021 by Saurenergy Gurugram-headquartered Innowatts, an AI-based solutions provider, has announced the deployment of its grid edge management solutions in collaboration with several major partners- the City of Fargo, North Dakota, US; Scottish and Southern Electricity Networks (SSEN), UK; etc.- which are seeking to accelerate their energy transition. Innowatts’ Grid Edge Management module enables fully automated and near […] Read more
Joe Biden Sets About Correcting Trump Largesse For ICE Auto Firms Updated On Tue, Aug 10th, 2021 by Saurenergy US President Joe Biden’s recent order aimed at making half of all new vehicles sold in the US in 2030 electric is expected to make a dent in the country’s consumption and emission levels, even though it’s a non-binding deal with the country’s biggest automakers. The administration has also proposed new vehicle emissions standards that […] Read more
Asia Pacific Offshore Wind Market To Be Worth $56.8 B by 2026: Report Updated On Tue, Aug 10th, 2021 by Saurenergy The global offshore wind market is expected to grow from an estimated USD 31.8 billion in 2021 to USD 56.8 billion by 2026, at a CAGR of 12.3% during the forecast period. During this time, the Asia Pacific region is expected to dominate the market. Offshore wind turbines are increasingly being installed and is showing […] Read more
AGL & Wärtsilä to Build 250MW Grid-scale BESS in South Australia Updated On Mon, Aug 9th, 2021 by Saurenergy Australian integrated energy company, AGL Energy Ltd. will build a 250 MW grid-scale battery energy storage system at Torrens Islands in South Australia. The firm has announced an investment of $180 million to construct its first grid-scale BESS project and the second biggest in Australia. AGL has appointed Finnish technology major in marine and energy […] Read more
Global Distributed Generation (DG) Market to Reach $168.3 Billion by 2024 Updated On Mon, Aug 9th, 2021 by Saurenergy Market research company Global Industry Analysts Inc., (GIA) has released a report where it projects the size of the global distributed generation market, in a post covid scenario. Distributed generation refers to small-to-medium scale modular power generation plants that are embedded into the distribution network at a point closer to the site of consumption than […] Read more
SECI, Renew Power Sign PPA For 400 MW RTC Tender Won In 2020 Updated On Mon, Aug 9th, 2021 by Saurenergy ReNew Power has announced the signing of a Power Purchase Agreement (PPA) for Round-The-Clock (RTC) electricity supply, the first-of-its-kind in India. The PPA was signed with the Solar Energy Corporation of India (SECI) ReNew had won the bid to supply Round-The-Clock power in 2020 through an auction conducted by SECI. As per the contract, ReNew […] Read more
