With $500 million of Production Tax Credits, 600 MW Solar Project Moves Ahead In US Updated On Thu, Feb 1st, 2024 by Saurenergy Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in Electric Reliability Council of Texas (ERCOT) which provides power to the grid in the […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
India’s Renewable Energy Capacity To Reach 54% By 2047: NREL Updated On Mon, Jan 29th, 2024 by Saurenergy A recent report by the United States (US)-based organization National Renewable Energy Laboratory (NREL) anticipated an increase in the share of renewable energy (RE) generation from wind and solar in India to reach 54 percent by 2047. The NREL report evaluated, “In the base scenario, investments in battery storage are economic in 2030 is expected […] Read more
US Announces Investing $254mn To Decarbonize Domestic Manufacturing Updated On Mon, Jan 29th, 2024 by Saurenergy The Department of Energy (DOE) of the United States (US) recently announced that it would invest $171 million in 49 projects across 21 states. This announcement supported United States (US) President Biden’s ‘Investing In America’ agenda. The announcement stated, “This investment aimed to give new funding opportunity to advance next-generation technologies to cut emissions and […] Read more
Electricity Demand Growth Grew Fastest In India, China: IEA Report Updated On Mon, Jan 29th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several reasons for the same. The report said that while China, […] Read more
Hyundai Motor, Kia Unveil Technology To Boost Range & Stability Of EVs Updated On Thu, Jan 25th, 2024 by Saurenergy Hyundai Motor and Kia Corporation recently unveiled their ‘Active Air Skirt’ (AAS) technology, which is set to boost the driving range and stability of Electric Vehicles (EVs). The firm said the technology helps minimize the aerodynamic resistance generated during high-speed driving. It revealed, “AAS technology controls the flow of air entering through the lower part […] Read more
Biden Extends Support To Made-in-America EV Charging Network Updated On Thu, Jan 25th, 2024 by Saurenergy United States (US) President Joe Biden made a recent announcement of vetoing a law that waived the American requirement for purchasing electric vehicles (EVs). While extending support to ‘Investing in America Agenda’ the President said in a press statement that, he “pledged to veto this resolution, which would hurt American workers, undermine domestic manufacturing, and […] Read more
NASA, Others Increasing Reliance On Solar Power For Space Explorations Updated On Tue, Jan 23rd, 2024 by Saurenergy United States (US)-based National Aeronautics and Space Administration (NASA) recently proposed to develop a global mobility Mars exploration platform. It was called ‘Mars Aerial and Ground Intelligent Explorer’ (MAGGIE). It’s a compact fixed wing aircraft with ultra-high productivity efficiency powered by solar energy. It’s used to fly in the Martian atmosphere with vertical take-off/landing (VTOL) […] Read more
Terra-Gen, Mortenson Activate Largest Solar Plus Energy Storage Project In US Updated On Tue, Jan 23rd, 2024 by Saurenergy Renewable power producer Terra-Gen and EPC firm Mortenson have announced the substantial completion and start of the Edwards & Sanborn Solar + Energy Storage project, the largest solar + storage project in the United States. Mortenson was the full engineering, procurement and construction (EPC) contractor on both the solar and energy storage scopes. This project […] Read more
