GFCL EV Plans To Invest Rs 6000cr In Next Years In EV, Energy Storage Updated On Wed, Feb 7th, 2024 by Saurenergy Gujarat Fluorochemicals (GFCL) EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd. (GFL), recently announced an investment of INR 6000 Crores (out of which approx. Rs 650 Cr is already invested till 31.12.2023) over the next 4- 5 years. This investment is to enable a supply of approx. 200 GWh/annually of electric vehicle (EV) and […] Read more
Hindalco Inds Contracts For Renewable Energy From 100 MW Ayana Renewable Project Updated On Tue, Feb 6th, 2024 by Saurenergy Hindalco Industries Limited an Indian aluminum and copper manufacturing company, and a subsidiary of the Aditya Birla Group acquired 26% stake in Ayana Renewable Power (ARPFPL) a renewable energy company. The stake hold is a mandatory requirement when a firm contracts with an IPP for captive power requirements from a dedicated project. IPPs incorporate special […] Read more
BrightNight Rings In Leadership Changes For 37 GW Project Portfolio Updated On Tue, Feb 6th, 2024 by Saurenergy BrightNight, a global renewable power independent power producer (IPP) built to deliver clean and dispatchable solutions, recently announced the addition of two senior leaders to support the buildout of its 37 GW global portfolio in the areas of Asset Management (A&M), Operations & Maintenance (O&M) and Construction: Jeff Gibbons joins as Senior Vice President of […] Read more
Holtec Unveils Nuclear-Solar Hybrid Plant Design For Emission Reduction Updated On Mon, Feb 5th, 2024 by Saurenergy A United States (US) based company Holtec International which is an equipment and systems supplier for the energy industry recently developed a combined nuclear/solar plant (CNSP) power plant design. It melds the benefits of nuclear (high energy density, non-polluting, base load) with those of solar (zero fuel cost, minor regulatory barriers). It claims to be […] Read more
Hybrid Perovskite Solar Cells Achieve 26 Percent Efficiency: Researchers Updated On Mon, Feb 5th, 2024 by Saurenergy The United States (US) based team led by Northwestern Chemistry and Northwestern Engineering researchers have recently developed a method that moves hybrid perovskite solar cells (PSCs) closer to industry adoption and widespread use. The organic-inorganic hybrid (PSCs) solar cells have shown promise to produce renewable solar energy. In small samples, they have achieved a solar […] Read more
European EV Sales Increased To 16.3% From 12.9% YoY: EIA Updated On Thu, Feb 1st, 2024 by Saurenergy A recent report by the US energy agency EIA found an increase in the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States. It rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, […] Read more
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
