Fossil-dependent Russia Finally Warms Up To Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, The Moscow Times reported industry experts as saying. Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the […] Read more
Solar Firm Greenshift Offers Carbon Finance Option With EV Stations Updated On Mon, Nov 1st, 2021 by Saurenergy Mumbai-based GreenShift Initiatives Private Limited (GIPL) which claims to offer a unique solar-as-a-service (SaaS) model involving zero-investment on rooftop solar installation, and fast electric vehicle (EV) charging infrastructure has come out with an offer to monetize carbon emission achievement. The company has rolled out carbon credits — a ‘carbon finance’ option to its customers to […] Read more
Microinverter-maker Enphase Energy Earns $351.5 M Revenue in Q3FY21 Updated On Fri, Oct 29th, 2021 by Saurenergy California-based supplier of microinverter-based solar and battery systems Enphase Energy has released its financial results for the third quarter of 2021, reporting quarterly revenue of $351.5 million, along with 40.8% for non-GAAP gross margin. The company shipped approximately 2,599,575 microinverters, or 913 megawatts DC, and 65 megawatt hours of Enphase Storage systems during this period. […] Read more
56% Solar Projects Planned for 2022 at Risk due to Mfg Cost Hike: Rystad Updated On Fri, Oct 29th, 2021 by Saurenergy The earliest estimates on the impact of price volatility and rising costs on solar projects worldwide are finally coming out, and the news is not good. The surging cost of manufacturing materials and shipping could threaten 50 gigawatts (GW) – a staggering 56% – of the 90 GW of global utility PV developments planned for […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
Invest in RE in Developing Nations for Global Energy Transition: Study Updated On Thu, Oct 28th, 2021 by Saurenergy A new report by BloombergNEF (BNEF) and the Climate Investment Funds details how private capital has been successfully leveraged to support renewable energy growth in developing nations – and offers specific insights on how to grow such investment further in key markets. The insights are published as the contentious question of how wealthier nations can […] Read more
Clean Energy Index Launched In Bloomberg, Goldman Sachs Collaboration Updated On Thu, Oct 28th, 2021 by Saurenergy Bloomberg and Goldman Sachs Asset Management have announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. […] Read more
Adnoc Power Grid to be Run 100% on Nuclear & Solar in UAE Updated On Wed, Oct 27th, 2021 by Saurenergy Abu Dhabi National Oil Co (Adnoc) has signed a deal with a local utility to supply up to 100% of its power grid with nuclear and solar energy sources, the Abu Dhabi government said on Tuesday. The supply deal, released by the state media office, follows the United Arab Emirates announcing this month plans to […] Read more
50 MW Wärtsilä Energy Storage System Activated in UK Updated On Wed, Oct 27th, 2021 by Saurenergy Pivot Power, part of EDF Renewables, has activated a 50 MW lithium-ion energy storage system in Kemsley, Kent supplied by the technology group, Wärtsilä, to support the integration of renewable energy into the UK’s National Grid. Wärtsilä has supplied an energy storage system at the Kemsley substation in South England which is directly connected to […] Read more
