Offshore Wind Capex in Europe to Surpass Upstream Oil and Gas by 2022: Rystad Updated On Tue, Jun 9th, 2020 by Saurenergy A new analysis has predicted that the capex on offshore wind will match upstream Oil and Gas spending in Europe in 2021, and surpass it in 2022 The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector […] Read more
Dramatic Fall in Cost of Funding Behind Record Breaking Solar Tariffs: IEEFA Updated On Tue, Jun 9th, 2020 by Saurenergy The cost of solar continued to decline during the pandemic, driven by dramatic falls in the capital cost of solar (solar module costs) and in the cost of funding. The Institute for Energy Economics and Financial Analysis (IEEFA) in a new report has detailed that despite the devastating impact of the COVID-19 pandemic, during the […] Read more
EESL Plans to set-up 2000 EV Charging Stations in 2020-21 Updated On Mon, Jun 8th, 2020 by Saurenergy EESL will step up its efforts for the installation of EV charging stations in the country during 2020-21, with 2,000 charging facilities planned for the fiscal. Energy Efficiency Services Limited (EESL), a home-grown Super Energy Service Company (ESCO) under the administration of the Ministry of Power, Government of India, has announced its plans to step […] Read more
Enel Awarded 106.3 MW in Italy in GSE’s Second Auction Updated On Fri, Jun 5th, 2020 by Saurenergy Enel Green Power has been awarded 68 MW of wind projects and 38.3 MW for repowering of already-operational hydro plants in the second GSE auction in Italy. Enel Green Power has announced that it has been awarded 68 MW of new renewable capacity for two wind projects and 38.3 MW of nominal capacity deriving from […] Read more
Europe’s Wind & Solar Installations Will Need Grid Flexibility to Succeed: WoodMac Updated On Fri, Jun 5th, 2020 by Saurenergy A combination of wind and solar power, otherwise known as Variable Renewable Energy (VRE), could make up the largest share of power capacity throughout Europe’s major markets – Great Britain, Germany, France, Italy and Spain – as early as 2023, according to a new analysis from Wood Mackenzie. And the success of Europe’s transition to […] Read more
ReNew Power Inks Pact to Buy AI & ML Startup Climate Connect Updated On Thu, Jun 4th, 2020 by Saurenergy With an aim to access energy management services, Gurugram-headquartered renewable energy independent power producer (IPP) ReNew Power has signed a definitive pact to acquire Regent Climate Connect Knowledge Solutions Pvt Ltd (Climate Connect), a specialist in artificial intelligence (AI) and machine learning (ML). Startup Climate Connect was co-founded by Nitin Tanwar and Sanand Sule, alumni […] Read more
Orb Energy Hires Rabindra Satpathy as Exec VP – Business Development Updated On Thu, Jun 4th, 2020 by Saurenergy Shell-backed solar power firm Orb Energy has appointed Rabindra Satpathy as its Executive Vice President – Business Development. Now, Satpathy will oversee the Bengaluru-based company’s business development in ground-mounted solar power plants, including storage, floating solar and other new projects. He brings with him more than 35 years of solar experience in design, engineering, product […] Read more
Which States Have the Highest Solar Energy Potential in India? Updated On Thu, Jun 4th, 2020 by Saurenergy The solar energy generation potential in a specific area can be assessed based on factors like availability of land, solar radiation etc. The National Institute of Solar Energy (NISE), an apex institute of Ministry of New & Renewable Energy (MNRE), has estimated the potential of solar power in the country to be around 750 GWp. […] Read more
India Wind Targets are Sensitive to Policy and Regulations: GWEC Updated On Wed, Jun 3rd, 2020 by Saurenergy India is the world’s fourth-largest onshore wind market by installations, with 37.5 GW of capacity as of 2019. The technical potential at 120-meter hub height is a whopping 695 GW, according to the National Institute of Wind Energy, and the government has set a wind capacity target of 60 GW by 2022 and 140 GW […] Read more
