IEX Power Market Update for November 2023 Updated On Tue, Dec 5th, 2023 by Saurenergy Indian Energy Exchange (IEX), India’s largest power trading exchange, had a strong November, achieving 9,136 MU overall volume, including 7.55 Lac Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY basis. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis. However, […] Read more
Tripling RE Power With Efficiency Will Accelerate Fossil Phaseout: EMBER Updated On Mon, Dec 4th, 2023 by Saurenergy Energy think-tank EMBER in its recent report, analyzed the impact of increasing renewables and doubling efficiency on phasing out of fossil fuels. The findings reveal that renewables contribute significantly to efficiency, delivering about 85% of the targeted fossil fuel cuts by 2030. EMBER indicates that, by 2035, renewables and efficiency alone can slash total CO2 […] Read more
COP28: Net-Zero Energy Mosque & Other Commitments from UAE Updated On Mon, Dec 4th, 2023 by Saurenergy The much-awaited COP28 being held in Dubai is seeing some big announcements come up from the UAE in partnership with other countries. Here are some noteworthy partnerships and announcements that were made by the region in the climate summit- Masdar & Indonesia Abu Dhabi Future Energy Company PJSC – Masdar, a renewable energy firm, has […] Read more
Bihar State Power Generation Company Ltd to Procure Power for 10 MW Floating PV Updated On Fri, Dec 1st, 2023 by Saurenergy Bihar State Power Generation Company Ltd (BSPGCL) has issued a tender for the procurement of power through tariff-based competitive bidding from grid-connected 10 MW (AC) floating solar PV power project to be set up under RESCO mode over the Reservoir of Phulwaria Dam at Rajauli, Nawada in the state of Bihar. The Earnest Money Deposit […] Read more
O2 Power Awards 97 MW Wind Turbine Order to GE Vernova Updated On Fri, Dec 1st, 2023 by Saurenergy Independent Power Producer O2 Power has awarded a 97 MW turbine project to Massachusetts-headquartered GE Vernova. The wind project is located in Maharashtra. The wind project encompasses the supply, installation and commissioning of 36 units of GE’s workhorse 2.7-132 wind turbines. The agreement will pave the path for the supply of renewable energy to several […] Read more
SOFAR & BelEnergy to Boost LATAM’s Renewable Energy Development Updated On Thu, Nov 30th, 2023 by Saurenergy SOFAR, a global provider of all-scenario PV & ESS solutions, announced that it has entered into a partnership with BelEnergy for the national distribution of the firm’s extensive solar and storage portfolio. With more than 250 thousand solar plants running nationwide, the rising number of end customers will be able to have access to SOFAR […] Read more
Sterlite Power Wins 8 GW Green Energy Transmission Project in Rajasthan Updated On Thu, Nov 30th, 2023 by Saurenergy Sterlite Power, a private sector power transmission developer, has secured an order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in the state of Rajasthan. Sterlite Power will be building this project on a BOOT (Build, Own, Operate, Transfer) […] Read more
Behind China’s Global Renewable Leadership Updated On Thu, Nov 30th, 2023 by Saurenergy Wood Mackenzie, in its latest projection finds that China is currently on target to reach its 230 gigawatts (GW) of wind and solar installations target this year. With this, the report claims that, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest […] Read more
Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report Updated On Thu, Nov 30th, 2023 by Saurenergy A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […] Read more
