EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030 Updated On Wed, Nov 29th, 2023 by Saurenergy The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […] Read more
Polysilicon Industry Set to Push Out New Entrants In 2024, Predicts Bernreuter Updated On Wed, Nov 29th, 2023 by Saurenergy Germany research firm Bernreuter Research predicts an imminent, and third shakeout in the global polysilicon industry in 2024. This would be caused by sustained, low polysilicon prices that will only go lower, before any sort of recovery post 2024. The trigger will be Chinese polysilicon market leader Tongwei that will usher in a phase of […] Read more
GUVNL Looks to Procure 500 MW Hybrid Renewable Power Updated On Tue, Nov 28th, 2023 by Saurenergy Gujarat Urja Vikas Nagam Limited (GUVNL) has issued a tender seeking developers for a hybrid solar-wind projects. The state-utility sought to purchase the clean power from this hybrid project through competitive bidding process (followed by reverse e-auction). As per the tender documents of this 500 MW hybrid renewable energy projects (Phase I), GUVNL will also […] Read more
MERC Allows Compensation To Tata Power Over Hiked GST Rates Updated On Tue, Nov 28th, 2023 by Saurenergy The Maharashtra Electricity Regulatory Commission (MERC) in its latest judgement allowed compensation to Tata Power Green Energy Limited (TPGEL) on account of ‘change of law’ events. The order came to the fore when TPGEL moved the State Commission seeking compensation on account of additional expenses due to increased GST rates. TPGEL, the petitioner in the […] Read more
Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF Updated On Tue, Nov 28th, 2023 by Saurenergy A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […] Read more
France’s Fifth PPE2 Auction Round Awards 931.3 MW Capacity Updated On Tue, Nov 28th, 2023 by Saurenergy 54 onshore wind projects have been awarded deals in the recent onshore wind tender that had been floated by France. The fifth PPE2 auction, which is France’s multi-year energy procurement programme, was slightly oversubscribed at a capacity of 931.3 MW, exceeding the target set at 925 MW. The average cost at which the projects were […] Read more
BrightNight Elevates Naveen Khandelwal As CEO Updated On Fri, Nov 24th, 2023 by Saurenergy BrightNight has announced the elevation of Naveen Khandelwal as Chief Executive Officer (CEO) of BrightNight India, effective November 24, 2023. Naveen will be responsible for leading BrightNight India in its next phase of growth, moving the business from project development to construction and operations. He previously served as BrightNight India’s COO & CFO, joining the […] Read more
China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
EU Witnessed Signing 7.1GW Of PPAs Till September 2023: EY Report Updated On Wed, Nov 22nd, 2023 by Saurenergy A report by Ernst & Young (EY) provided an update on the Renewable Energy Countries Attractiveness Index (RECAI), focusing specifically on offshore wind energy. According to the report, India maintained its 16th position, consistent with the previous year. India’s technological standing in Concentrated Solar Power (CSP) is noted at 34.3, while solar Photovoltaic (PV) is […] Read more
