Global Energy Storage Market Set to Hit 1 TWh by 2030: BNEF Updated On Thu, Nov 18th, 2021 by Saurenergy Energy storage installations around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the end of 2020, according to the latest forecast from research company BloombergNEF (BNEF). This boom in stationary energy storage will require more than $262 […] Read more
ADNOC, TAQA Partner to Reach 30 GW RE Capacity by 2030 Updated On Thu, Nov 18th, 2021 by Saurenergy Abu Dhabi National Oil Co (ADNOC.UL) and Abu Dhabi National Energy Company PJSC (TAQA) (TAQA.AD) have formed a strategic partnership on clean energy, aiming to have 30 gigawatts of renewable capacity by 2030, the companies said on Wednesday. The new collaboration between ADNOC and TAQA will focus on domestic and international renewable energy and waste-to-energy projects, […] Read more
Fortescue Races Ahead With Electrolyser Manufacturing Plans In Australia Updated On Wed, Nov 17th, 2021 by Saurenergy Fortescue Future Industries which is building what it claims will be the world’s biggest plant for green hydrogen electrolysers, has confirmed approvals for the same within a month from the Queensland, Australia government. The Andrew Forrest owned Fortescue may also include a gigawatt scale solar module factory and other production facilities. The facility will have […] Read more
US Court Exempts Bifacial Module Imports From Tariffs, in Win For SEIA Updated On Wed, Nov 17th, 2021 by Saurenergy The US developer driven Solar group, Solar Energy Industries Association (SEIA) has managed to successfully petition the U.S. Court of International Trade (CIT) to reinstate bifacial solar modules’ exemption from the Section 201 tariffs on imported solar modules. The move is a big win for the SEIA which was also joined by major utility developers […] Read more
Taiwanese Firm Delta Selected for DJSI “World Index” for 11th Yr in a Row Updated On Wed, Nov 17th, 2021 by Saurenergy Taiwanese electronics manufacturing company Delta Electronics has been selected for the DJSI World for the eleventh consecutive year and the DJSI-Emerging Markets for the ninth consecutive year in the evaluation of the 2021 Dow Jones Sustainability Indices (DJSI), an indicator of global corporate competitiveness, said the firm in its latest statement. “This year, Delta achieved […] Read more
Yulu Unveils ‘India’s 1st AI Battery Charging/Swapping Solution for 2W EV Updated On Wed, Nov 17th, 2021 by Saurenergy E-mobility service provider Yulu is adding a network of battery charging and swapping stations named ‘Yulu Max Network’, the company announced recently. The Max Network will help EV users swap their batteries with zero downtime and reduce their range anxiety. This will be India’s first AI-powered, vertically integrated battery infrastructure for electric 2-wheelers, claims Yulu. […] Read more
Thermal Generators Allowed To Bundle Renewable In Existing PPA’s Updated On Wed, Nov 17th, 2021 by Saurenergy In one of a promised series of moves to encourage more renewable adoption, the Power Ministry and MNRE have revised guidelines for thermal power producers to allow them to add renewable energy within existing PPA’s. The move has been backed by Power and MNRE Minister R.K. Singh. The new guidelines provide for thermal generation companies […] Read more
Virescent RE Trust Ties-Up INR 2,150 Cr of Debt Financing Updated On Tue, Nov 16th, 2021 by Saurenergy Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT), has raised INR 1000 crore in its debut issuance across 3, 5 and 7 year tranches. This transaction marks the first-ever issuance by a renewable energy InvIT in India. The company will primarily use the proceeds to refinance existing debt at the Special Purpose Vehicle […] Read more
‘Great Response’: Min of Heavy Ind on ACC PLI Scheme’s Pre-bid Meeting Updated On Tue, Nov 16th, 2021 by Saurenergy The Ministry of Heavy Industries (MHI) organised a pre-bid conference for prospective bidders for the ACC Production Linked Incentive (PLI) scheme on 12th November, 2021. MHI had earlier released a Request for Proposal (RfP) on October 22, 2021, inviting bidders for a total manufacturing capacity of ACC battery storage of 50 Giga Watt Hour (GWh) […] Read more
