Waaree Renewable Geared For Much Higher Volumes if Required Updated On Tue, May 28th, 2024 by Saurenergy Waaree Renewable technologies Limited, the listed EPC arm of the Waaree Group, has been on a tear in the past 12 months. Revenue for full year FY24 stood at Rs 876.44 crores, representing a growth of 149% YoY as compared to Rs 350 crores in FY23. EBITDA for FY24 stood at Rs 207 crores as […] Read more
Australia Releases New Policy To Augment Battery Production Updated On Mon, May 27th, 2024 by Saurenergy Australia is currently positioned as one of the 15 top-ranked global leaders in mineral resources, and commodities, underscoring its potential to drive innovation and economic growth. Recognizing this, Australia has embarked on a transformative journey with its National Battery Strategy, a pivotal initiative to catalyze a robust domestic battery industry. This new strategy according to […] Read more
Hitachi’s Transmission Project Stabilizes RE Supply To Australian Power Grid Updated On Fri, May 24th, 2024 by Saurenergy Switzerland-based Hitachi Energy was recently selected by Marinus Link Pty Ltd (MLPL), jointly owned by the Australian, Tasmanian, and Victorian governments to supply a high-voltage direct current (HVDC) project. This project is expected to augment the connection between mainland Australia and Tasmania’s grid. The transmission project is an approximately 345-kilometer cable route HVDC system and […] Read more
Recurrent Energy Secures €1.3 Bn For European RE Projects Updated On Fri, May 24th, 2024 by Saurenergy Recurrent Energy, a subsidiary of Canadian Solar secured a multi-currency credit facility valued at up to €1.3 billion with ten banks for renewable energy projects in several European countries Recurrent Energy a developer and an owner of solar and energy storage assets secured the credit for the construction of renewable energy projects in several European countries. […] Read more
Husk Power Signs MoU With Nigeria To Deploy 250MW Of DRE Solutions Updated On Thu, May 23rd, 2024 by Saurenergy In a Memorandum of Understanding (MoU) signed today, the Rural Electrification Agency (REA) of Nigeria and Husk Power Systems (Husk) agreed on a partnership to deploy up to 250MW of decentralized renewable energy (DRE) projects in support of the Federal Government’s energy access, energy transition and energy security targets. The partnership will focus on a […] Read more
Exempt 100% Of ISTS Charges For RE Power Till 2030: IEEFA Updated On Thu, May 23rd, 2024 by Saurenergy The Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research and Analytics have prepared and shared a list of key recommendations that the new Union government post-elections should take up in the first 100-days to reach the renewable energy targets up to 2030. As per the Indian government’s own target it wants to […] Read more
AI’s Growing Energy Footprint: The Hidden Cost of Our Digital Future Updated On Wed, May 22nd, 2024 by Saurenergy It’s time to talk about Artificial Intelligence (AI), and its possible impact on the environment. Convenient as it may be, AI is an energy hog. A single ChatGPT query requires 2.9 watt-hours of electricity, compared with 0.3 watt-hours for a Google search, according to the International Energy Agency. At present, data centers worldwide consume 1-2% […] Read more
Wind Capex To More Than Double To Rs 1.8 lakh Crore By Fiscal 2028 Updated On Tue, May 21st, 2024 by Saurenergy CRISIL Ratings recently announced that, the wind capacity addition is expected to witness to rise 2.5x on auction ramp-up and easing supply side constraints. The research agency anticipates an increase in India’s wind capacity addition with an increase by 2.5 times to nearly 25 GW between fiscals 2025 and 2028. This is an increase compared […] Read more
EV Car Sales In India Reached 1Mn With 70% YoY Growth Updated On Tue, May 21st, 2024 by Saurenergy International Energy Agency (IEA) in its recent report on Global Critical Mineral Outlook 2024, found a global rise in electric vehicle sales. The report found a global increase in the sale of total electric car sales in India by 70% with an increase in electric car sales reaching almost 1 million. The IEA report found, […] Read more
