LONGi Invests MYR 1.8bn For Its Serendah Module Plant In Malaysia Updated On Wed, Nov 22nd, 2023 by Saurenergy LONGi Green Energy seems to be charting new territories in Malaysia. With an investment of MYR 1.8 billion (approximately RMB 2.8 billion), LONGi Malaysia Serendah Module Plant in Selangor has officially been set in motion. This landmark development signifies LONGi’s pursuit of delivering top-tier solar products and leading sustainable energy practices. This project, spanning over […] Read more
Sungrow Pins Hopes On Its 1+X Modular Inverter For Utility Sector Updated On Wed, Nov 22nd, 2023 by Saurenergy Energy storage service provider Sungrow has now pinned hopes for its 1+X modular inverter for utility-scale solar projects across the world. It claims that in large-scale utility PV applications, Sungrow’s 1+X Modular Inverter can assist with its intelligent branch diagnosis function, particularly beneficial when a system solution does not contain a combiner box or if […] Read more
To Meet Targets, Wind Power Needs To Grow 3 Times By 2030: Report Updated On Wed, Nov 22nd, 2023 by Saurenergy A latest report from EMBER studied global renewable capacity and found that, based on current national targets, it’s set to increase by 7.3 TW by 2030. It anticipates that, based on the current national target, the renewable energy capacity is set to increase by 2.1x until 2030. The report on ‘Tracking National Ambition Towards a […] Read more
CERC Allows Adani Subsidiary Compensation For ‘Change of Law’ Events Updated On Tue, Nov 21st, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC), in its latest judgement, allowed compensation to Mahoba Solar (UP) Private Limited MSUPL) a subsidiary of Adani Green. The central commission allowed the compensation on account of ‘change of law’ events. These include the imposition of increased safeguard duty on the imports of solar cells and modules and the […] Read more
Early Stage VC SeaFund Invests in 5 DeepTech Startups Updated On Tue, Nov 21st, 2023 by Saurenergy Early stage focused Seafund Ventures has invested INR 5 crore across five sustainability focused startups. The fund plans to invest 20% of its entire investible corpus in clean energy and the EV value chain including sectors like transportation, logistics and circular economy. SeaFund is currently raising its second fund with a target corpus of INR […] Read more
BP Completes Repowering Wind Farm of 300 MW Capacity Updated On Tue, Nov 21st, 2023 by Saurenergy BP has completed repowering its wind farm in Indiana for 300 MW capacity. The Fowler Ridge 1 project, established in central Indiana, entailed the upgradation of 40 of the 162 turbines. This encompassed the installation of 120 individual blades and 40 new nacelles. These boast power generation equipment and transformers on top of the wind towers. […] Read more
ReNew Q2 Results-Highest Ever Profits, Portfolio At 13.8 GW Updated On Tue, Nov 21st, 2023 by Saurenergy ReNew Energy Global Plc delivered on its promise to investors with a consistently improved performance for the three-month period ended September 30, 2023. This was indicated in its recent Q2 results. The firm continues to guide for 1.75 GW to 2.25 GW net additions to its portfolio this financial year. This is expected to ramp […] Read more
West Bengal Discoms Operate Without Any Clear Mandate On RPO Updated On Mon, Nov 20th, 2023 by Saurenergy Electricity distribution companies in West Bengal have been struggling on a different front when it comes to their handling of renewable energy portfolios. The state, which has merely 636 MW of total installed renewable power capacity (excluding hydro) till recently, was clueless about its Renewable Purchase Targets (RPOs). Legal complexities and litigations have kept the issue pending, […] Read more
MERC Increases Net-Metering Benefits For Rooftop Consumer Upto 5MW Updated On Mon, Nov 20th, 2023 by Saurenergy In its latest notification, the Maharashtra Electricity Regulatory Commission (MERC) allowed net-metering benefits for solar rooftop consumers up to 5 MW in Maharashtra. The state commission brought these changes with an amendment to the existing solar rooftop regulation of 2019. The notification amended several provisions of the MERC (Grid Interactive Rooftop Renewable Energy Generating Systems) […] Read more
