Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support Updated On Tue, Feb 22nd, 2022 by Saurenergy Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, […] Read more
Indian Oil Says New Policy to Cut Green H2 Cost by 40-50% Updated On Mon, Feb 21st, 2022 by Saurenergy Largest Indian oil firm IOC will set up ‘green hydrogen’ plants at its Mathura and Panipat refineries by 2024 to replace carbon-emitting units as it sees the just announced green hydrogen policy as a watershed moment in the country’s energy transition that will help cut costs. SSV Ramakumar, Director for Research and Development at Indian […] Read more
MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme Updated On Sun, Feb 20th, 2022 by Saurenergy Union minister for Power and Renewable Energy RK Singh has said that the fresh bids will be invited for the setting up of 40,000 MW production capacity for solar modules and cells under the production-linked incentive (PLI) scheme. Finance Minister Nirmala Sitharaman had made an additional outlay of Rs 19,500 crore for the PLI scheme […] Read more
The new age solution in energy storage: Sodium (Na)-ion Battery Updated On Sun, Feb 20th, 2022 by Saurenergy With the global focus on energy transition to nonconventional sources, the renewable energy sector has grabbed attention all over the world. The renewable energy (RE) sector has been experiencing continuous evolution in terms of technology, usage and regulations. A major concern in the RE sector is energy storage, wherein a lot of technology evolution has […] Read more
Rooftop Solar Installation Price to Rise Until 2023: GlobalData Updated On Fri, Feb 18th, 2022 by Saurenergy Those striving to improve their carbon footprint by installing rooftop solar panels during the pandemic missed out on what has been over a decade-long annual price drop, according to GlobalData. The data and analytics company found that the price of panel systems dropped every year between 2013 and 2020, after which COVID-19-related supply chain disruption […] Read more
AMPYR gets $455m for 2GW of new solar energy projects Updated On Fri, Feb 18th, 2022 by Saurenergy European conglomerate AMPYR Solar Europe (ASE) has secured a massive facility of $455 million or €400 million that will enable the company to establish about 2GW of solar power capacity into operation. This project will span the entire Europe and shall be complete by 2025. The facility has been secured from CarVal Investors. AMPYR Solar […] Read more
Saudi Arabia’s Bin Omairah to Up Solar Panel Exports to Europe, Africa Updated On Fri, Feb 18th, 2022 by Saurenergy Saudi Arabia’s Bin Omairah Holding has planned to increase the export of its solar panels to capitalise on the expanding markets of Europe and Africa. The exports will be done from the company’s factory operational in the Tabuk region. It has also been learnt that the company has plans to open another plant for solar panels […] Read more
US Researchers Pursue 5¢/kWh Energy Cost Goal with New CSP System Updated On Thu, Feb 17th, 2022 by Saurenergy The US National Renewable Energy Laboratory (NREL) and the Department of Energy (DoE) are working on a state-of-the-art concentrated solar power (CSP) facility as the government looks to reduce the energy cost to a mere 5 cents per kWh. The new technology is expected to have the potential to lower the cost of renewable energy […] Read more
India Signs LoI with Australia for Solar & Hydrogen JV Updated On Thu, Feb 17th, 2022 by Saurenergy At the recently held virtual 4th India-Australia Energy Dialogue, the two countries signed a Letter of Intent (LoI) to jointly contribute to the advancement of new and renewable energy technology. The focus of this partnership is planned to be on scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen. “This LoI will pave […] Read more
