Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie Updated On Tue, Oct 22nd, 2024 by Saurenergy Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. […] Read more
Achieving Universal Energy Access by 2030: Can It Be Done? Updated On Mon, Oct 21st, 2024 by Saurenergy Universal energy access is not just a development goal. It’s a fundamental requirement for socio-economic growth and improved quality of life. Despite global efforts, millions of people, particularly in sub-Saharan Africa and South Asia, still lack access to electricity and clean cooking solutions. The World Energy Outlook 2024 examines these challenges and explores pathways to […] Read more
JSW Neo Energy Limited to Acquire Hetero Group RE Portfolio Updated On Mon, Oct 21st, 2024 by Saurenergy JSW Neo Energy Limited (JSWNEL), a wholly owned subsidiary of JSW Energy Limited, signed definitive agreements this week, to acquire three Special Purpose Vehicles (SPVs) from Hetero Labs Limited and Hetero Drugs Limited (Hetero Group). These SPVs collectively hold a cumulative wind energy generation capacity of 125 megawatts (MW). The transaction is subject to the […] Read more
Trina Solar, EGO Sign Pact To Boost Utility-Scale Projects In Italy Updated On Fri, Oct 18th, 2024 by Saurenergy Trina Solar’s International Systems Business Unit, the utility-scale solar and battery storage project development arm of Trina Solar Co, Ltd, has signed a 15-year Power Purchase Agreement (PPA) with EGO, an Italian energy management company owned by the Shell Group. This contract encompasses nine projects, totaling 69 MWp located across various regions in Italy. These […] Read more
Grid Africa Secures R50 Mn Investment From Rifuwo Energy Updated On Thu, Oct 17th, 2024 by Saurenergy Grid Africa, a solar energy solutions company recently secured an equity investment of R50 million from Rifuwo Energy Partners. This funding can help to advance renewable energy projects across South Africa to brace itself from rise in energy costs and can help to support Africa advance its renewable energy projects. The recent application by Eskom […] Read more
SJVN Invites Bids for 100 MW Wind Projects In Gujarat Updated On Thu, Oct 17th, 2024 by Saurenergy SJVN Green Energy Limited (SGEL), a SJVN Limited subsidiary sought to develop GETCO-connected wind power project with the operation and maintenance for 10 years. SGEL sought bids till 13th November 2024. To build this project, the developers are expected to use the ‘Revised List of Models & Manufacturers’ listed Wind Turbine Generators (WTGs) as issued […] Read more
UK Gets New Battery Energy Storage System To Augment Grid Updated On Wed, Oct 16th, 2024 by Saurenergy Trina Storage, a global firm working in energy storage solutions, announced the successful grid connection and commissioning of the Maldon 40MWh Battery Energy Storage System (BESS) in collaboration with the energy storage specialist Eku Energy. Located in Essex, England, this project marks Eku Energy’s first commercially operational battery storage project in the UK. The deployed […] Read more
Avaada Energy Secures Rs 597 Crore Refinancing for PV Projects Updated On Wed, Oct 16th, 2024 by Saurenergy Avaada Energy, a subsidiary of the Avaada Group, has secured Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects. These projects are located in Karnataka and Maharashtra. The refinancing was provided by NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund focused on refinancing operational infrastructure projects. Avaada’s […] Read more
MNRE Clarifies On ALMM Applicability On Open Access Projects Updated On Tue, Oct 15th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued a clarification on the Approved Models and Manufacturers of Solar Photovoltaic Modules (Requirements for Compulsory Registration) Order, 2019″-commonly known as ALMM Order-on 2nd January 2019. It contains the standards for eligible solar PV models and manufacturers in India. According to the ALMM Order, a […] Read more
