RE Investment in India Bounces Back from COVID-19 Slowdown: IEEFA Updated On Mon, Aug 23rd, 2021 by Saurenergy Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April to July 2021, investment […] Read more
Swedish Venture Ships World’s First Coal-free ‘Green Steel’ Updated On Fri, Aug 20th, 2021 by Saurenergy Sweden-based steel maker SSAB has claimed that it has produced “the world’s first fossil-free green steel” and delivered it to its first customer, the Volvo Group, as part of the HYBRIT project- a partnership between SSAB, energy firm Vattenfall, and mining and minerals group LKAB that was founded in 2016. HYBRIT, or Hydrogen Breakthrough Ironmaking Technology, […] Read more
Green Bonds Worth $3.6 B Issued by Indian RE Developers in H1 2021 Updated On Thu, Aug 19th, 2021 by Saurenergy According to a study released by CEEW-CEF, Indian renewable energy developers issued green bonds worth INR 26,300 crore (USD 3.6 billion) in the first half of 2021 alone, beating even previous one-year records. The CEEW Centre for Energy Finance (CEEW-CEF) is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s […] Read more
Maharashtra Renewable Plans Back On Track, Powered By Lower Costs Updated On Thu, Aug 19th, 2021 by Saurenergy 2021 has been a good year so far, for renewable energy growth in Maharashtra, with the primary state discom, Maharashtra State Electricity Distribution Company Limited (MSEDCL) finally happy with the bids it received for its recent tenders. With prices dropping to as low as Rs 2.42 for its last solar tender, besides Rs 2.62 for […] Read more
Fusion Fuel Green Gets €4.3 Million Funding Approval for Portugal Project Updated On Mon, Aug 16th, 2021 by Saurenergy Dublin-based green hydrogen solutions provider, Fusion Fuel Green has announced receiving the Euro 4.3 million funding approval from Portugal’s Operational Program for Sustainability and Efficient Use of Resources (POSEUR) for its proposed HEVO-Sul project in Sines, Portugal. The Portuguese government has allocated €40 million in direct grants for the POSEUR program, which aims to support […] Read more
‘Blue’ Hydrogen Worse for Climate Than Coal, Gas, Diesel, Finds Study Updated On Mon, Aug 16th, 2021 by Saurenergy Could a supposedly “clean” and “green” energy source’s use harm the climate more than burning fossil fuel does? According to Cornell and Stanford University researchers, “blue” hydrogen, which is currently being lauded as a way to reduce global warming, is one such source. Blue hydrogen involves a process for making hydrogen by using methane in natural […] Read more
Maxeon Reports Around $3 M Loss, 434 MW Shipments in Q2 FY21 Updated On Fri, Aug 13th, 2021 by Saurenergy Singaporean solar innovation company Maxeon Solar Technologies has announced its financial results for the second quarter ended July 4, 2021, reporting around $176 million in revenues and $2.8 million in losses in Q2 FY21. While the company suffered losses worth $8 million in the year-ago period, it managed to earn a profit of $1.051 million […] Read more
100 GW Renewable Energy Milestone Achieved, Much Work Ahead In India Updated On Fri, Aug 13th, 2021 by Saurenergy In self-congratulatory messages sent out yesterday, Power Minister R.K. Singh highlighted the key milestone of 100 GW of renewable energy capacity, excluding large Hydro, that has been reached in India. After including large Hydro, the number goes right up to 146 GW. According to India’s power ministry, India now stands at fourth position after China, […] Read more
Vestas Revenues At $4.1 Bn in Q2 FY21, Orsted Reports $2.68 Bn Updated On Thu, Aug 12th, 2021 by Saurenergy Danish wind turbines manufacturer, Vestas Wind Systems, has released its financial results for the second quarter of the fiscal year 2021 (Q2FY21), and it has reported a revenue of EUR 3.53 billion (USD 4.15 billion). Fellow Danish utility and developer, Orsted also reported its financial results for the same quarter today, coming out with a […] Read more
