IFC and Rockefeller Foundation to Co-finance RE Development in Africa Updated On Thu, Jun 17th, 2021 by Saurenergy The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) yesterday announced a new partnership to finance renewable energy development in Sub-Saharan Africa and some other regions. The joint venture aims to deploy $150 million of RF’s catalytic capital in blended finance to mobilize up to $2 […] Read more
Azure Q4 Results. Firm Expects Tariff Markdown for 4 GW Manufacturing Tender Win Updated On Thu, Jun 17th, 2021 by Saurenergy Azure Power Global Limited announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal fourth quarter 2021, period ended March 31, 2021 yesterday. The firm is listed at the New York Stock Exchange, the first power firm from India to achieve the same. Key Operating Highlights: Megawatts (“MW”) Operating* were 1,990 MWs, […] Read more
GE Renewable Adds 148.5 MW Win From Continuum For Wind Portfolio Updated On Thu, Jun 17th, 2021 by Saurenergy Wind Energy major GE Renewable Energy announced yesterday that it has won a contract from Continuum Green Energy India Pvt Ltd to set up 148.5 MW wind energy capacity in Bhuj wind farm in Gujarat. The deal includes a mandate to supply, install and commission 55 sets of its 2.7-132 onshore wind turbines for the 148.5MW Morjar, Bhuj wind farm […] Read more
HOP Electric Mobility Launches Two New E-Scooters Updated On Wed, Jun 16th, 2021 by Saurenergy A Rajasthan-based HOP Electric Mobility has announced the launch of its two brand new (electric) e-scooters HOP LEO and HOP LYF priced at Rs. 72,500 and Rs. 62,000 onwards, respectively. The electric automobile startup has also announced that soon it will be launching an e-motorbike too. HOP Electric has taken this step while aiming to provide a sustainable and […] Read more
MNRE’s May Highlights for Union Cabinet Updated On Wed, Jun 16th, 2021 by Saurenergy In its monthly summary of key highlights shared yesterday, the MNRE has focused on renewable energy additions, extension of deadlines due to Covid second wave, and the start of the process for PLI (production Linked Incentive) scheme for solar manufacturing. First up, the ministry shares that 643.66 MW of renewable energy capacity was added in […] Read more
Vestas Wins 108 MW Wind Turbine Projects in Poland Updated On Mon, Jun 14th, 2021 by Saurenergy Danish wind turbine manufacturer Vestas Wind Systems A/S has secured orders for manufacturing wind turbines from global independent fund manager DIF Capital Partners for four projects in Poland, all awarded in Poland’s second auction round from 2019, cumulatively totalling 108 MW in capacity. The four projects are Pruszcz (70 MW), Markowice (26 MW), Piaski (8 MW) and […] Read more
Potential for 600 ‘Shovel-ready’ Projects in Clean Energy, 1.5 M New Jobs- EY Report Updated On Mon, Jun 14th, 2021 by Saurenergy Multinational professional services network Ernst & Young Global Limited, in collaboration with Federation of Indian Chambers of Commerce & Industry (FICCI), has released a report entitled “Accelerating post-pandemic economic recovery with clean energy infrastructure and jobs in India”, which highlights concrete policy recommendations for balancing economic recovery and climate neutrality goals in the post COVID […] Read more
Solis Seminar- Solution For PID Recovery Updated On Fri, Jun 11th, 2021 by Saurenergy Potential Induced Degradation (PID) is a phenomenon which affects some PV modules with crystalline Si cells and leads to gradual deterioration of performance. The degradation can be as much as 30% or more after a few years. Some module manufacturers are already working to develop countermeasures by using new materials, but the general trend to […] Read more
Maharashtra Can Save 75,000 Cr Through Energy Transition Over the Decade Updated On Fri, Jun 11th, 2021 by Saurenergy Surplus electricity generation capacity, air pollution regulations, and cheap renewable energy offer Maharashtra an opportunity to save Rs.16,000 crore in 5 years, and over Rs.75,000 crore in the coming decade, says a report released by Climate Risk Horizons. According to the report entitled, ‘Maharashtra’s Energy Transition-A 75,000 cr. savings opportunity’, as one of India’s most advanced […] Read more
