ReneSola Halves Forecast for Q4 2019 Citing Delay in Project Sale Updated On Fri, Jan 17th, 2020 by Saurenergy ReneSola has updated its financial guidance for Q4 & fiscal year 2019 to reflect the delay in recognising revenue from the sale of a solar project in Canada ReneSola, a leading fully integrated solar project developer has announced that it has updated its financial guidance for the fourth quarter (Q4) and fiscal year 2019 to […] Read more
Renewable Investments up 1% YoY in 2019, India Records 14% Less Updated On Fri, Jan 17th, 2020 by Saurenergy Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1% from 2018, India saw an investment of USD 9.3 billion, down 14% Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1 percent from 2018’s USD 280.2 billion, with the world’s biggest market (China) slipping back, but […] Read more
Will ADITYA Succeed Where UDAY failed? Updated On Thu, Jan 16th, 2020 by Saurenergy Based on the stories that have come out so far, the following aspects of the proposed new scheme to clear India’s discom mess have emerged. Called ADITYA (Atal Distribution System Improvement Yojana), the new scheme could be announced as early as February 1, with the union budget presentation. First, the scheme will reward performing discoms […] Read more
PepsiCo Targeting 100% Renewable Electricity in the US Updated On Thu, Jan 16th, 2020 by Saurenergy PepsiCo plans to achieve 100% renewable electricity for its US direct operations this year, covering nearly half of its total global electricity consumption Some of America’s favourite snacks and beverages – from Lay’s and SunChips to bubly, Gatorade and Pepsi – will soon be made using electricity from renewable sources, such as wind and solar. […] Read more
Financial Services Firm Visa Reaches 100% Renewable Electricity Goal Updated On Thu, Jan 16th, 2020 by Saurenergy Visa has announced that it has met its goal to use 100% renewable electricity by 2020, furthering its commitment to lead sustainably across its operations American financial services corporation, Visa has announced that it has met its goal to use 100 percent renewable electricity by 2020, furthering the company’s commitment to lead responsibly and sustainably […] Read more
European Commission Announces new Green Deal Worth €1 tn Updated On Thu, Jan 16th, 2020 by Saurenergy The European Union is committed to becoming the first climate-neutral bloc in the world by 2050, announcing a green deal worth EUR 1 trillion to achieve that target. The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national […] Read more
Waaree Breathes Easy As Bid for 184 MW Project Gets MERC Approval Updated On Wed, Jan 15th, 2020 by Saurenergy Waaree Energies Limited (WEL), which had emerged as the sole bidder in the much postponed tender for 184 mw of solar power in Maharashtra can finally get started on the project. This follows the approval of its bid of Rs 3.05 per unit under the tender by the Maharashtra Electricity Regulatory Commission (MERC). The tender […] Read more
Electricity Procurement Contracts Down 11% in December 2019: Report Updated On Wed, Jan 15th, 2020 by Saurenergy Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to a new database. Electricity procurement contracts in December 2019 saw 47 contracts announced, marking a drop of 11 percent over the last 12-month average of 53, according to GlobalData’s power […] Read more
IRENA and EBRD Sign Agreement to Strengthen Cooperation Updated On Tue, Jan 14th, 2020 by Saurenergy IRENA and EBRD have signed an MoU to strengthen their relationship and accelerate efforts to rapidly increase the share of renewable power in EBRD countries The International Renewable Energy Agency (IRENA) and the European Bank for Reconstruction and Development (EBRD) have signed a Memorandum of Understanding (MoU) allowing the two organisations to strengthen their relationship […] Read more
