500GW of Energy Storage Will Be Globally Available By 2031: Wood Mackenzie Updated On Thu, Jul 28th, 2022 by Saurenergy UK-based data provider Wood Mackenzie has released its Global Energy Storage Outlook today. According to this report, market growth for global energy storage has been uneven, with cumulative storage deployments anticipated to reach 500GW by 2031. Only 159-gigawatt hours (GWh) are projected for the region by 2031, compared to 422 GWh for China and 600 […] Read more
Universal Solar To Open 600 MW PV Module Factory In Panama Updated On Thu, Jul 28th, 2022 by Saurenergy Large scale solar energy player Universal Solar has announced that it is in the process of opening a solar photovoltaic (PV) module manufacturing facility in Panama to supply U.S. and global solar developers and installers, and address challenges in the solar industry. The announcement was made by Chief Executive Officer (CEO) and Founder John Bereckis. […] Read more
Over 500GW Generation By 2030 From Renewable Energy: RK Singh Updated On Thu, Jul 28th, 2022 by Saurenergy The Union Power and New & Renewable Energy Minister RK Singh, on July 27 said the renewable energy capacity will reach over 500GW by 2030. In his message at the launch of a report of The Energy Resource Institute (TERI), Singh said, “By 2030, the total capacity for power production would be about 820GW. Out […] Read more
Policy Muddle, Economy Trip Up US Clean Energy Growth In Q2, Says Industry Association Updated On Thu, Jul 28th, 2022 by Saurenergy According to a report from the American Clean Power Association (ACPA), a US body of mostly energy developers, the rate of clean energy deployment slowed substantially in the second quarter. The association’s report blames policy headwinds, economic factors and trade issues for impacting project development and increasing the backlog of new project delays. The report […] Read more
APTEL Provides Relief To CSP Developers On Force Majeure Grounds Updated On Wed, Jul 27th, 2022 by Saurenergy In an important judgement that will hopefully close the chapter on a festering dispute, the Appellate Tribunal for Electricity (APTEL) has allowed multiple developers stuck with Concentrated Solar Thermal (CSP) projects to get relief from liabilities, caused due to lower DNI (Direct Natural Irradiance) than they had assumed when bidding. The developers impacted include Godavari […] Read more
MSEDCL Gets Approval For 14 MW of Solar Projects Under PM-KUSUM Updated On Mon, Jul 25th, 2022 by Saurenergy Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has received permission from the MERC for the adoption of tariff for long-term power procurement from 14 MW solar projects selected through a competitive bidding process that was launched for 500 MW of solar projects in the state. These solar projects will be installed under Section 63 of […] Read more
MSEDCL Seeks Approval From MERC For Energy Storage Facility In Unique Bidding Updated On Fri, Jul 22nd, 2022 by Saurenergy Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) has filed a petition with the Maharashtra Electricity Regulatory Commission (MERC) for approval of procurement of 250 MW flexible and schedulable power from renewable energy sources with green-shoe option along with an energy storage facility for 25 years and approval of the related tender documents. Maharashtra State Electricity […] Read more
93% of MSEDCL Tender For 535 MW Solar Power Goes To Railways Firm Updated On Fri, Jul 22nd, 2022 by Saurenergy In an interesting development, Braithwaite India and Co. Limited, a firm under the Ministry of Railways, has got an allotment of 500 MW out of a 535 MW of bids accepted by MSEDCL (Maharashtra State Electricity Distribution Company Limited), under the ‘Mukhyamantri Saur Krishi Vahini Yojana’ from 2 to 10 MW capacity projects. For the […] Read more
China’s Solar Power Installations Touch Record High Of 31 GW In First Half Of 2022 Updated On Fri, Jul 22nd, 2022 by Saurenergy Installing solar power projects at breakneck speed, China built nearly 31 GW from January to June 2022. This is 137% more than last year during the same period. This trend, unless stopped midway, is extrapolated to clock between 75 GW and 90 GW by the end of this year. According to Wang Bohua, the honorary […] Read more
