Energy Storage To Keep Pace With RE Installation In India – Fitch Ratings Updated On Tue, Jun 7th, 2022 by Saurenergy The success of renewable energy in any market largely depends on the energy storage capacity given the intermittency nature of it. The credit rating agency, Fitch Ratings, has said in its new report that power storage demand in India will expand at a rapid pace to stabilise the increasing variability on both the power supply […] Read more
Masdar To Develop 4 GW of Renewable Projects In Azerbaijan Updated On Tue, Jun 7th, 2022 by Saurenergy Adding to its international expansion, the UAE based leading renewable energy developer Masdar has announced that it has signed ‘implementation agreements’ with the Government of Azerbaijan to develop clean and renewable energy projects in the country with a combined confirmed capacity of 4,000 MW. Masdar will also have the right to develop an additional 6,000 […] Read more
Savannah Energy sings pact with Chad to develop 500 MW renewable projects Updated On Thu, Jun 2nd, 2022 by Saurenergy British energy company Savannah Energy has announced the signing of an agreement with the Ministry of Petroleum and Energy of Chad for the development of up to 500 MW of renewable energy projects. The projects will supply electricity to the Doba Oil Project and the towns of Moundou and Doba in Southern Chad, and the […] Read more
Renewable Power Capital buys 528 MW wind farms for €800 million Updated On Thu, Jun 2nd, 2022 by Saurenergy UK based Renewable energy player Renewable Power Capital (RPC) has announced that it has acquired a cluster of wind energy projects with a combined capacity of 528-MW located in the Kramfors and Solleftea municipalities of Sweden for a value of €800 million. This includes the acquisition of the projects and the commitment of the capital required […] Read more
Rural Renewables Focused OMC Power Raises Funding From Japan’s Chubu Electric Updated On Thu, Jun 2nd, 2022 by Saurenergy Indian rural renewable energy service firm, OMC Power has announced getting financial backing for their planned expansion of green energy production, storage, and distribution portfolio in rural India. Chubu Electric Power Co., Inc., which is the 3rd Largest Power Generation Firm in Japan, has made this investment through a Share Subscription Agreement with OMC Power. Chubu […] Read more
South India’s Second Big Renewable Push Starts Now Updated On Mon, May 30th, 2022 by Saurenergy Introduction Back in 2014-15, when the new government of Prime Minister Modi first took stock, and hiked India’s renewable energy target 5 fold to 175 GW by 2022, a number of assumptions were made. From the share of solar (100 GW), to the share of rooftop solar within that (40 GW), Wind energy (60 GW) […] Read more
‘Renewable energy generation plan’ to be implemented in Sri Lanka from June 1 Updated On Mon, May 30th, 2022 by Saurenergy A ‘Renewable Energy Generation Plan’ will be implemented in Sri Lanka from June 1, 2022 to enhance the renewable energy generation and its share in the energy mix of the country. The information has been shared by the Minister of Power and Energy, Kanchana Wijesekera. Sri Lanka is undergoing an economic crisis brought by huge […] Read more
Egypt allocates 5,200 sq km area for renewable energy development Updated On Fri, May 27th, 2022 by Saurenergy Just after the government official in Egypt revealed that the country will be producing some 10,000 MW of renewable energy next year, the New and Renewable Energy Authority (NREA) has now said that 5,200 square kilometer (sqkm) were allocated to establish renewable energy projects at different locations. The areas being allocated are meant for investments […] Read more
Tunisia to invite bids for 2,000 MW of renewable energy Updated On Fri, May 27th, 2022 by Saurenergy In order to reduce its dependence on fossil fuel imports, reduce carbon footprints and heighten the use of clean energy, the Energy Minister of Tunisia, Naila Nouira has announced that Tunisia is planning to launch international tenders seeking bids to build 2,000 megawatts (MW) of renewable electric power capacity. The minister held that the efforts […] Read more
