Land Issues Slowing Down RE Projects In South Asia: Bloomberg Updated On Thu, May 23rd, 2024 by Saurenergy According to a recent report by Bloomberg’s New Energy Outlook (BNEF), renewables can overtake fossil fuels to reach 51% of power supply in 2030, 63% in 2040, and 70% in 2050. Bloomberg reported the current scenario and found that the global electricity demand based on the Economic Transition Scenario (ETS) grew by over 70% from […] Read more
Top 5 Reasons Why the US is Poised To Make An Impact in Energy Storage Updated On Thu, May 23rd, 2024 by Saurenergy In the race towards a sustainable future, battery technology is emerging as a critical component. Batteries are vital for the renewable energy revolution, essential for the functioning of electric vehicles (EVs), and pivotal for energy storage systems that stabilize power grids. For years, China has held a dominant position in the global battery market, but […] Read more
Maharashtra Plans Allowing Virtual Net-Metering To Boost RTS Updated On Thu, May 23rd, 2024 by Saurenergy In a bid to promote rooftop solar installations, the Maharashtra Electricity Regulatory Commission (MERC) has proposed to allow virtual net-metering for residential consumers. The move is meant to empower the urban residents living in multistoried buildings to get the benefits of reducing the monthly electricity bills by adopting solar power through virtual net-meters. The same […] Read more
GUVNL Issues List of Tenderable PHP Sites With 14 GW Capacity Updated On Tue, May 21st, 2024 by Saurenergy The Gujarat Urja Vikas Nigam Limited (GUVNL) has now issued the list of 16 reserved Pumped Hydro Storage Project (PHP) Sites. The state power utility said that these 16 PHP sites could be allocated under the competitive bidding process for the benefit of state public discoms. The total potential of PHPs from all the 16 […] Read more
Stonepeak, CHC Form Japanese Battery Energy Storage Platform Updated On Fri, May 17th, 2024 by Saurenergy Stonepeak, an alternative investment firm specialising in infrastructure and real assets, and CHC, a battery energy storage system project development and electricity data management company headquartered in Singapore, have announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan. The platform will focus on developing, constructing, […] Read more
Australia’s Origin Energy To Establish 2 GWh Battery In Queensland Updated On Thu, May 16th, 2024 by Saurenergy Origin Energy has filed an environmental study with the Australian government for the construction of a new 500 MW/2,000 MWh battery energy storage facility to be developed near Kogan, approximately 40 km west of Dalby in Queensland’s Darling Downs region. The largest combined cycle gas-fired power plant in Australia, the 630 MW Darling Downs power […] Read more
GIB Row: CERC Grants Compensation To PFC In Case Involving Adani Green Updated On Wed, May 15th, 2024 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgement allowed compensation to Fatehgarh Bhadla Transmission Limited (FBTL) due its increased project cost due to the Great Indian Bustard (GIB) row. FBTL is a Special Purpose Vehicle (SPV) of the PFC Consulting Limited. It was created to develop a transmission system for ultra mega solar […] Read more
News Brief May 14 – BrightNight, Neoen, Energy Vault and ACEN Updated On Tue, May 14th, 2024 by Saurenergy BrightNight and Cordelio Power Achieve Financial Close on $ 414M Project Financing for 300 MW Box Canyon Project in Arizona BrightNight, a global renewable power producer built to deliver clean and dispatchable solutions, recently secured a US$414 million construction credit facility. BrightNight secure this credit facility with its joint venture partner Cordelio Power, for their […] Read more
Tesla Gets Approval For Shanghai Megapack Energy Storage Battery Plant Updated On Tue, May 14th, 2024 by Saurenergy Tesla will be building a Megapack energy storage battery plant in China. The EV maker battery plant will come up near its electric vehicle gigafactory in Shanghai. According to a report, Tesla will invest around CNY1.5 billion (USD200 million) in the new megafactory. The factory will cover an area of about 20 hectares in the […] Read more
