ICRA Sees FY24 Ending On a Positive Note For RE, 20 GW Additions Projected For India Updated On Thu, Dec 7th, 2023 by Saurenergy Ratings and Research firm ICRA sounded an optimistic note in their December update, with hopes that overall renewable capacity additions in FY24 will touch 20 GW. That number, made up of 12 GW of solar, 2 GW of wind besides other RE sources, becomes even better for FY25. The firm expects solar to add 20 […] Read more
Bihar Launches Electric Vehicle Policy, Aims 15% Electrification By 2028 Updated On Wed, Dec 6th, 2023 by Saurenergy The Bihar Cabinet has now approved the latest Electric Vehicle Policy, aimed at boosting the growth of Electric Vehicles (EVs) in the state. This comes after several rounds of discussions of the provisions of the EV Policy. After getting the approval from the state cabinet, the dealers and consumers of electric vehicles in the state […] Read more
Behind China’s Global Renewable Leadership Updated On Thu, Nov 30th, 2023 by Saurenergy Wood Mackenzie, in its latest projection finds that China is currently on target to reach its 230 gigawatts (GW) of wind and solar installations target this year. With this, the report claims that, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest […] Read more
Rise In Renewables In Europe Can Curb Up to 67% Emissions: Report Updated On Thu, Nov 30th, 2023 by Saurenergy A recent event by Wood Mackenzie shared an analysis on the current growth in Europe’s flexible renewable energy. The report finds that, European power market will see its carbon intensity plummet. It accredits this rise with the change in ambitious climate-energy policies. Moreover, it finds that, flexibility to be key to enable this change, according to […] Read more
EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030 Updated On Wed, Nov 29th, 2023 by Saurenergy The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […] Read more
Falling Module Prices To Ensure Record Solar Capacity Addition in FY24- CRISIL Updated On Tue, Nov 21st, 2023 by Saurenergy Ratings and research agency CRISIL has weighed in on the impact of falling solar module prices. A steady decline in the price of solar modules since October 2022 will boost the internal rate of return (IRR) of 45 GW of utility-scale solar project pipeline1 awarded since fiscal 2021. This, in turn, will propel solar capacity […] Read more
ReNew Q2 Results-Highest Ever Profits, Portfolio At 13.8 GW Updated On Tue, Nov 21st, 2023 by Saurenergy ReNew Energy Global Plc delivered on its promise to investors with a consistently improved performance for the three-month period ended September 30, 2023. This was indicated in its recent Q2 results. The firm continues to guide for 1.75 GW to 2.25 GW net additions to its portfolio this financial year. This is expected to ramp […] Read more
HPERC Approves Generic Levelized Tariff Of Solar Power At Rs 3.65/unit Updated On Tue, Nov 14th, 2023 by Saurenergy The Himachal Pradesh Electricity Regulatory Commission (HPERC) in its order has fixed the generic levelized tariff of solar energy projects at Rs 3.65 per unit for projects upto 100 MW. It also decided to fix the the tariff for projects between 100 MW to 500 MW at Rs 3.62 per unit. The rates were finalized […] Read more
Adani Discom Used RE Energy To Power Mumbai During Diwali Updated On Tue, Nov 14th, 2023 by Saurenergy Adani Electricity, the local power utility in Mumbai has delivered a green gift of sorts on Diwali to the financial capital. The firm says that it met the electricity demand of the territory in the metropolitan city it serves with renewable energy for a continuous four hours on Diwali. This was done during the Diwali […] Read more
