Russian Yandex Signs 5-year Wind PPA with Finnish Ilmatar Energy Updated On Thu, Jul 1st, 2021 by Saurenergy Yandex, a Russian internet company, has signed a 5-year power purchase agreement (PPA) for wind energy with Finnish renewable energy company Ilmatar Energy. Under the contract, Yandex will source renewable electricity from wind farms operated by Ilmatar to cover 100% of the energy needs for the company’s Mäntsälä data center in Finland. Delivery of renewable […] Read more
Wind & Solar to Produce 90% Electricity in North America by 2050: NARIS Updated On Wed, Jun 30th, 2021 by Saurenergy Canadian Renewable Energy Association (CanREA) has welcomed the release of the North American Renewable Integration Study (NARIS), considered to be the most comprehensive long-term analysis of power system evolution to date on the North American grid. NARIS shows that, between now and 2050, solar energy and wind energy are poised to contribute the greatest proportion […] Read more
Soltec Nets Statkraft Deal For 234 MW Solar Projects in Spain Updated On Wed, Jun 30th, 2021 by Saurenergy The Spanish manufacturer and supplier of solar trackers, Soltec has agreed to terms with Europe’s renewable energy company Statkraft for the development of four solar projects in Cadiz in southern Spain with a total capacity of 234 MW. According to the firms, four projects being constructed this year and expected to generate 500GWh of clean […] Read more
Poor Weather-led Drop in Wind Output Slashes German RE Use Updated On Tue, Jun 29th, 2021 by Saurenergy In the first half of 2021, renewable energies covered around 43 percent of gross domestic electricity consumption, compared to 50 percent of it in the same period in 2020, say the preliminary calculations of the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW). The […] Read more
The Reliance Effect On Solar. Who Should Worry? Updated On Mon, Jun 28th, 2021 by Saurenergy When Mukesh Ambani, Chairman of Reliance Industries stepped up to announce the conglomerate’s plans last week on June 24, anticipation was high. On the menu were announcements related to a much awaited $15 billion deal with Saudi Aramco, the World’s largest oil firm, for an oil to chemicals spinoff and and investment, and the contours […] Read more
Eneco and Giga Storage Partner to Produce Netherlands’ Largest Battery Updated On Fri, Jun 25th, 2021 by Saurenergy Rotterdam-headquartered energy utility Eneco and battery provider Giga Storage have kicked off the realization of the largest battery in the Netherlands — Giga Buffalo, which will have a capacity of 24 MW/ 48 MWh. The companies say that Giga Buffalo will make it possible to balance supply and demand of electricity with the help of […] Read more
Response to MSEDCL And RUMSL Tenders Indicates Resilience In Solar Market Updated On Fri, Jun 25th, 2021 by Saurenergy Two recent tenders, by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 500 MW of Wind-Solar Hybrid power, and another one by Madhya Pradesh’s RUMSL Agar Solar Park for 550 MW, have thrown up some pleasant surprises. Contrary to fears expressed by some Industry insiders we had spoken to last month, where they were […] Read more
Solar Gets Its Big Hitter In India As Reliance Announces Rs 75,000 Cr Investment Plan Updated On Thu, Jun 24th, 2021 by Saurenergy After hinting at big plans in the renewable energy sector last year, India’s largest private sector enterprise, Reliance Industries limited, has finally announced its plans. The company’s Chairman, Mukesh Ambani, picked the firm’s 44th Annual General Meeting (AGM) for its shareholders, as usual, to make the big announcements. The key announcements, and their implications for […] Read more
India’s Solar Power Tariffs Rising After Hitting Record Lows in 2020: IEEFA Updated On Thu, Jun 24th, 2021 by Saurenergy Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2020 solar tariffs hit record lows, writes Vibhuti Garg, Energy Economist and Lead India at Institute for Energy Economics and Financial Analysis (IEEFA). From 2019 to the first quarter of 2020, most of India’s newly-auctioned solar projects saw tariffs […] Read more