Angola Secures €1.29 Billion Loan for Renewable Mini-Grids and Grid Expansion Updated On Tue, Jul 4th, 2023 by Saurenergy Angola’s Ministry of Finance has secured a loan of €1.29 billion ($1.41 billion) through the assistance of Standard Chartered Bank, UK. This funding will be utilized to implement 48 solar photovoltaic (PV) and energy storage mini-grids across various rural areas across Angola. The primary objective of this initiative is to promote self-sufficiency in energy consumption […] Read more
US targets Solar For Low Income Households With $7 Billion Grants Competition Updated On Tue, Jul 4th, 2023 by Saurenergy After giving a fillip to utility scale solar and solar manufacturing through the Inflation Reduction Act, the US is now focusing on the one aspect of solar power that has been a challenge. Providing low income families the option to go for solar. Till now, this has been an issue not just in the US […] Read more
Hynfra Expands into Jordan with 530MW Solar-PV Green Ammonia Project Updated On Mon, Jul 3rd, 2023 by Saurenergy Hynfra, a Polish hydrogen company, has recently formed a new venture in Jordan with the aim of establishing a green ammonia plant powered by a 530MW solar PV system. The project is expected to be operational within five years. This joint venture, named Jordan Green Ammonia LLC, was created in partnership with Fidelity Group, an […] Read more
SECI & GUVNL Sign Battery Energy Storage Supply Agreement for 150 MW/300 MWh Updated On Mon, Jul 3rd, 2023 by Saurenergy The Solar Energy Corporation of India (SECI) has entered into an agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL). The BESSA (Battery Energy Storage Supply Agreement) signed between the two firms is for 150 MW/300 MWh. The agreement was signed at Vadodara. SECI has been frequently been issuing tenders for solar projects that entail BESS […] Read more
HPCL Invites Bids for Consultancy for 100 MW Solar Projects in Andhra Pradesh Updated On Fri, Jun 30th, 2023 by Saurenergy State-owned Hindustan Petroleum Corporation Limited (HPCL) has issued a tender for the selection of a project management consultant for the installation of 100 MW solar project at Galiveedu Solar Park in Andhra Pradesh. The project is for captive consumption. The EPMC consultant will be responsible for the design, engineering, procurement, supply, erection, and commissioning of […] Read more
Chinese Solar Module Prices Hit Record Lows, Developers Hope For A Lasting Opportunity Updated On Fri, Jun 30th, 2023 by Saurenergy Chinese solar module prices have reached their all-time lowest level, as the Chinese Module Marker (CMM) now stands at $0.173 per W. The CMM experienced an unprecedented decline of 11.73 per cent week-on-week over the past week, representing the largest percentage drop in its history. Most of the downtrend has been attributed to firstly, the […] Read more
AngloGold Ashanti Unveils Renewable Project with Storage at Tropicana Gold Mine in Australia Updated On Wed, Jun 28th, 2023 by Saurenergy Global mining company AngloGold Ashanti plans to build one of the largest renewable projects in Australia’s natural resource sector, the firm announced recently. The company’s subsidiary, AngloGold Ashanti Australia Ltd., has agreed with power developer Pacific Energy to construct and operate 62 MW of wind and solar generation capacity at the Tropicana gold mine site. […] Read more
German Solar Focused Startup 1KOMMA5° Turns Unicorn With €430M Funding Round Updated On Wed, Jun 28th, 2023 by Saurenergy 1KOMMA5° a Hamburg, Germany-based startup that has 1.5°C greenhouse emissions limit integrated in its name has become one of the fastest climate unicorns in Europe. It follows another German startup that raised significant funding recently namely Enpal which completed a round where it secured €430 million commitments.The German startup has raised €430M in a Series […] Read more
Statkraft Secures German Contract for Solar & Battery Storage Updated On Tue, Jun 27th, 2023 by Saurenergy Statkraft, a Norwegian renewable energy provider, has secured a contract from the Federal Network Agency, the German regulatory authority, to construct a solar power plant coupled with battery storage in Zerbst, Germany. This opportunity emerged following the authority’s announcement of tenders in May 2023. The tenders targeted a combined total capacity of 400 MW. Statkraft’s […] Read more
