Global Energy Investments Far From a Net Zero Pathway: IEA Updated On Thu, Jun 3rd, 2021 by Saurenergy As spending rebounds towards pre-crisis levels, not enough is going into clean energy, especially in emerging market and developing economies, new IEA report finds Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean […] Read more
Ørsted Sharpens Strategy To Maintain Green Energy Major Status Updated On Thu, Jun 3rd, 2021 by Saurenergy Danish wind energy major Ørsted, that claims to run completely on green energy, approves fresh strategic ambition and financial guidance. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products. It has installed a total of 12 GW of renewable energy capacity over […] Read more
Wärtsilä’s Energy Storage Projects in Philippines Achieves Final Commission Updated On Thu, Jun 3rd, 2021 by Saurenergy Finnish manufacturer and service provider of power sources and other equipment in the marine and energy markets, Wärtsilä Corporation announced the final commissioning of the first two of its multiple energy storage projects in the Philippines. Wärtsilä has had signed many projects with SMC Global Power Holdings Inc. through its subsidiary, Universal Power Solutions Inc., […] Read more
Renewables The Growth Engine- Tata Power Q4 Analyst Call Updated On Thu, Jun 3rd, 2021 by Saurenergy Tata Power has been on a roll recently. And that is not just the share price we are talking about. A series of decisions taken by the firm in the past 2-3 years, are finally leading to the firm delivering on the promise of being the largest integrated power firm in the country. Those changes […] Read more
CERC Stays Close to Staff Paper Recos In Methodology For Computing Escalation For RE Projects Updated On Mon, May 31st, 2021 by Saurenergy In a suo moto (An order decided of its own accord, without a petitioner), the Central Electricity Regulatory Commission (CERC) has decided on a key aspect of Renewable Energy projects. That is, the methodology for Computing the Escalation Rates and other Parameters for the Purpose of Bid Evaluation and Payment for Procurement of Power from […] Read more
Power Factors Adds ‘Drive Pro’ Platform For all Energy Storage Developers Updated On Sat, May 29th, 2021 by Saurenergy Arevon selects Power Factor’s Drive platform to supervise its 100MW Saticoy energy storage project in Southern California. Renewable energy asset performance management and enterprise asset management software, Power Factors, LLC, announced that it has extended support for the emerging class of utility-scale battery energy storage system assets in its Drive platform and added a new […] Read more
GE Renewable Energy Bags Big Onshore Wind Contract in Southeast Asia Updated On Fri, May 28th, 2021 by Saurenergy California-based GE Renewable Energy announced yesterday that it has secured a contract with BIM Wind JSC to supply, install and commission GE Cypress onshore wind turbines for BIM Wind’s 88 MW wind farm located in Ninh Thuận Province, South Central Vietnam. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as […] Read more
FOR Report Targets Clean Energy Cess, Coal, Better Renewable Planning Updated On Fri, May 28th, 2021 by Saurenergy The Forum of regulators (FOR) is a body set up under section 166(2) of the Electricity Act, 2003 to ensure better coordination and analysis among power regulators across the country. The Forum consists of Chairperson of Central Electricity Regulatory Commission (CERC) and Chairpersons of State Electricity Regulatory Commissions (SERCs). The Chairperson of CERC is the […] Read more
Green Firm Vena Energy Bags $500 mn Credit Facility from 8 lenders Updated On Fri, May 28th, 2021 by Saurenergy Vena Energy announced yesterday that it has signed its first sustainability-linked revolving credit facility of JPY52.8 billion (approximately US$500 million) from eight lenders including BNP Paribas, Crédit Agricole CIB, DBS Bank Ltd, ING Bank, MUFG, Intesa, SMBC and Mizuho. The company is an independent power producer and an integrated pure-renewable energy company in the Asia-Pacific region. […] Read more
