Scatec Solar Brings First Part of 400 MW Solar Plant in Egypt Online Updated On Fri, Apr 12th, 2019 by Saurenergy Norway-based Scatec Solar has announced that it has grid-connected and reached commercial operation for 65 MW of its 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project under construction, and the company is the largest contributor to the 1.5 GW Benban site – the world’s largest solar park. […] Read more
Global Storage Market Predicted to Reach 158 GWh by 2024: Report Updated On Tue, Apr 9th, 2019 by Saurenergy The global energy storage market will expand 13-fold by 2024, according to new research from consultancy firm Wood Mackenzie. According to the report, ‘Global energy storage outlook 2019: 2018 year-in-review and outlook to 2024’, energy storage has been creeping into decarbonising markets over the past 5 years. Commenting on the report, Ravi Manghani, Research Director, said, […] Read more
Saudi Arabia Tipped to Become Largest Wind Market in the Middle East Updated On Tue, Apr 9th, 2019 by Saurenergy A new report has highlighted that Saudi Arabia is set to become the largest market for wind power in the Middle East by early 2020s. According to the report ‘Middle East Wind Power Market Outlook, 2019-2028’, recently released by consultancy firm Wood Mackenzie, developers in Saudi Arabia are expected to build 6.2GW of wind capacity […] Read more
Sungrow Boosts its Commitment to Emerging Solar Markets in Asia-Pacific Updated On Sat, Apr 6th, 2019 by Saurenergy Sungrow, one of the leading global inverter solution supplier for renewables, is accelerating its commitments to the emerging solar market in the APAC region, particularly in South Korea and Vietnam. South Korea outlines fresh incentives to prioritise renewable projects with a low carbon footprint, higher efficiency and stricter industry codes. Offering a comprehensive product portfolio, Sungrow […] Read more
Telecom Secretary Proposes Joint Task Force with MNRE to Push Green Tech in the Sector Updated On Fri, Apr 5th, 2019 by Saurenergy Telecom Secretary Aruna Sundararajan has proposed setting up a joint task force with the Ministry of New and Renewable Energy (MNRE) to promote green technology in the sector. “It is critical that we should set up a joint task force between the two ministries (Telecom and MNRE) to ensure that we work on this together. The […] Read more
Global Solar PV Market To Reclaim Double-Digit Growth, India Falls behind Updated On Fri, Apr 5th, 2019 by Saurenergy The latest IHS Markit’s Report on Solar sector says this revived growth is coming mainly from markets outside of China, which are forecast to rise by 43% in 2019 but USA will overtake India to once again become the second-largest PV market. The global solar PV market is set to bounce back from single-digit growth […] Read more
Cancellations in 2018 continue to cast a shadow over 2019 Solar and Wind Projections Updated On Fri, Apr 5th, 2019 by Saurenergy With total cancellations of close to 8500 MW, which would have drawn in investments of close to $ Six billion, India’s regulators at both central and state level continue to fend off criticism for the way they are running the show For the renewable sector in India, 2018 was the year which began with so […] Read more
Japan’s JERA To Grow Renewable Energy Investment to 5 GW by 2025 Updated On Wed, Apr 3rd, 2019 by Saurenergy The world’s biggest buyer of liquefied natural gas (LNG) JERA, a day after becoming Japan’s major electricity generator has announced that it will increase its investment in Renewable energy. According to the company, JERA aims to spend around 70 % of its investment budget for the next seven years on renewable energy and liquefied natural […] Read more
Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis Updated On Tue, Apr 2nd, 2019 by Saurenergy Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […] Read more
