EU Commission Approves Italian Scheme To Support 4590 MW RE Production Updated On Wed, Jun 5th, 2024 by Saurenergy European Commission recently approved the Italian State aid scheme that is expected to support electricity production from renewable energy sources. The European Commission has approved the aid, under EU State aid rules, an Italian scheme. This would extend support to 4590 MW new capacity for electricity production from renewable energy sources. The scheme was developed […] Read more
Sterlite Gets Rs 1373 Cr for 6000 MVA Neemrana Transmission Project Updated On Wed, Jun 5th, 2024 by Saurenergy The Neemrana II Kotputli Transmission Limited (NKTL) project has closed the financing transaction, according to Sterlite Power, a well-known operator in the power transmission industry. The enterprise has achieved a significant milestone with the acquisition of a sizeable sum of INR 1373 crore from Power Finance Corporation (PFC), a prestigious Maharatna Public Sector Enterprise. The […] Read more
India Needs To Increase Renewable Deployments: IEA Report Updated On Tue, Jun 4th, 2024 by Saurenergy A latest report by the International Energy Agency (IEA) said that countries like India, European Union and the United States needed to accelerate the pace of deployment of renewable energy. The global energy think tank said that the acceleration is needed for India to achieve it target of ensuring 500 GW of capacities from non-fossil […] Read more
Li-Ion Batteries To Face Competition From Long-Duration Storage: Report Updated On Tue, Jun 4th, 2024 by Saurenergy Global energy research body BloombergNEF Research recently released a report analyzing the Long-Duration Energy Storage (LDES) growth and compared its efficacy with the popular Lithium-ion batteries. The study found that the LDES has witnessed rapid growth which garnered interest worldwide. The report anticipates that LDES will out-compete with lithium-ion batteries in some markets as decarbonization […] Read more
PM Surya Ghar Enters Mission Mode As MNRE Sets Up Directorate Updated On Tue, Jun 4th, 2024 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has now issued a notification to set up a Mission Directorate to expedite the growth of rooftop solar in the country. This comes months after Prime Minister Narendra Modi announced the ambitious PM Surya Ghar scheme this year to pave the way for the installation of residential […] Read more
EU 2030 Net-Zero Targets Out Of Reach As Investments Plunge Updated On Mon, Jun 3rd, 2024 by Saurenergy The European Union (EU) is set to fall far behind its energy transition targets for renewable energy, clean technology capacity, and domestic supply chain investments, according to Rystad Energy research and modeling. The bloc’s capital investments (capex) in clean technologies – including renewables, carbon capture, utilisation and storage (CCUS), hydrogen, batteries, and nuclear – totaled […] Read more
Why Battery Makers In EU Are Shifting Their Base To The US? Updated On Mon, Jun 3rd, 2024 by Saurenergy Several European Union (EU) battery manufacturing companies are now shifting their interests to the United States (US). Better tax credits benefits and pro-renewable policies of the western country seem to have attracted several of them to look towards the US for better returns. A recent report by a global energy think tank Rystad Energy indicated […] Read more
The Top 5 Challenges For Green Hydrogen To Overcome Updated On Mon, Jun 3rd, 2024 by Saurenergy Hydrogen as a source of energy isn’t a new concept and is dubbed as a potential alternate energy source for over a century now. However, most hydrogen produced today is generated using fossil fuel energy, a source to about a billion tons of CO2 emissions equivalent per year. The concept of green hydrogen, promising considerable […] Read more
Green Financing A Boon For Clean Transmission Projects: Sharib Razi Updated On Fri, May 31st, 2024 by Saurenergy What are the challenges faced by the grid, when it comes to a higher share of renewable energy? Razi: There are two major challenges with increasing share of renewables in the grid. Firstly, due to the intermittent nature of renewable energy, the peak generation of solar or wind does not coincide with the peak load […] Read more
