Global Wind Firm Vestas’ Revenue Plunges 5.2% YoY Amid ‘Geopolitical Volatility’ Updated On Fri, May 3rd, 2024 by Saurenergy Global Wind Energy company Vestas has released its Q1 figures as it generated revenue of EUR 2,681million witnessing a decrease of 5.2 percent compared to the year-earlier period. Vestas also outlined that continued geopolitical volatility is expected to cause uncertainty in 2024 and that profitability should also continue to improve gradually but will still be […] Read more
Microsoft Inks Largest Ever Corporate Deal For 10.5 GW With Brookfield Updated On Fri, May 3rd, 2024 by Saurenergy Brookfield Renewable and Microsoft have entered into an energy framework agreement for 10.5GW of renewable capacity. The deal is meant to power upcoming data centres owned by Microsoft, as it doubles down to build stronger AI capabilities that will need much more energy at data centres to deliver. It is estimated that Microsoft would be […] Read more
Power Market Update- REC Market Records All-Time Low Price In April Updated On Thu, May 2nd, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s premier electricity exchange achieved 9,044 MU overall volume, in April’24, marking a 14.1% year-over-year increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs. 204 per certificate, the REC market recorded an all-time low price in the trading session held on 24th April 2024. The REC […] Read more
Renewables Can Bring Down Singapore’s Gas Dependency To 61%: EMBER Updated On Thu, May 2nd, 2024 by Saurenergy A recent report from energy think tank EMBER said that Singapore’s heavy reliance on gas-based electricity could be cut down with the expected rise of renewables in the country. The report said that based on its calculations, the share of electricity from gas would drop from 92% in 2022 to 61% by 2035. This was […] Read more
Climate Finance Still A Challenge For Developing Countries Amid RE Push Updated On Thu, May 2nd, 2024 by Saurenergy Amid fears of worsening impacts of climate change and the push towards renewable energy, financing for the transition to greener energy sources remains the pivotal issue. A report by the World Bank that focused on developing countries emphasised that energy transition there will require ‘unprecedented transformation of the power sector infrastructure’. Along with that, it […] Read more
Australia’s First Offshore Wind Farm A Step Closer Updated On Thu, May 2nd, 2024 by Saurenergy Australia, which has seen a massive ramp up in its solar capacity, is finally making a move to add offshore wind to its renewables portfolio as well, with plans for the first offshore wind farms reaching feasibility stage with the handout of licenses to prospective project studies. With no nuclear plant in the country, Australia […] Read more
EPC O&M – Satara (MH) Cluster Updated On Wed, May 1st, 2024 by Saurenergy Supervision of O&M activities conducted by the engineers and technicians of the subcontractor at the sites. Coordination of all activities with district level DISCOM officials at Maharashtra. Coordinate with O&M subcontractor to ensure that the sites are fully functional and energy guarantees are maintained. Conduct surprise visits to the selected sites to check efficacy of […] Read more
Area Sales Manager, Power Generation (South Asia & Southeast Asia) Updated On Wed, May 1st, 2024 by Saurenergy Overall business development and the direct sale of new turbomachinery systems, construction services and associated aftermarket services for Power Generation application covering key countries from South Asia & Southeast Asia region. This is a key position which is critical to the company in achieving its business objectives and it has significant sales and territory responsibility. […] Read more
Midsummer Moves Ahead With 200 MW Factory For Thin Film Cells In Sweden Updated On Wed, May 1st, 2024 by Saurenergy The municipality of Flen in central Sweden has been chosen by Swedish manufacturer of thin-film solar cells Midsummer as the location for its new 200 MW mega factory for the production of thin film solar cells for the European market. The factory, which is partially funded by the EU Innovation Fund, will have a maximum annual production capacity […] Read more
