Chemical Czar LyondellBasell Signs PPAs for 560 MW Renewable Energy Updated On Thu, Feb 9th, 2023 by Saurenergy Global chemical conglomerate LyondellBasell has announced that it has signed the first two European renewable electricity power purchase agreements (PPAs) and two additional PPAs in the United States to help decarbonize its operations. The combined additional contracts represent a total of approximately 560 MW of renewable energy capacity. As per the official statement, LyondellBasell has […] Read more
India Energy Week: Important Announcements, Intriguing Innovations Updated On Wed, Feb 8th, 2023 by Saurenergy On the platform of the ongoing Indian Energy Week, held at Karnataka, several key announcements have been made and intriguing innovations have been unveiled. Here is a recap of them- “Karnataka has highest number of EV; is highest RE manufacturer” Karnataka Chief Minister Bommai has said that Karnataka has 15,000 MW worth of in-stand renewable […] Read more
Solar Energy Prices Soar 60% In Europe As Wind Availability Dropped in Q4 Updated On Wed, Feb 8th, 2023 by Saurenergy A new report from LevelTen Energy has revealed that high development costs and an unstable regulatory environment has caused an 11,4% jump in European solar PPA prices in the fourth quarter of 2022. The report also mentions that solar PPA prices reached €76.84 per MWh, representing a 60% year-over-year increase. LevelTen Energy is a renewable […] Read more
Navigating India’s Energy Transformation Through JETP Approach Updated On Wed, Feb 8th, 2023 by Saurenergy Just Energy Transition Partnership (JETP) was first announced at the CoP26 and has since emerged as a key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. JETPs provide a means for partner countries to work with climate finance donors and private sector investors on a clean, just energy […] Read more
CIF Grants $70 Million To Colombia For Renewable Energy Integration Updated On Tue, Feb 7th, 2023 by Saurenergy The Climate Investment Funds (CIF) has decided to provide a $70 million loan to the South American country of Colombia at a low interest rate to enable the country to transition to clean energy. With this, Colombia will become the first country to benefit from CIF. The fund was created for speedy growth of renewable energy […] Read more
GERC Provides Only Interim Relief On Replacement of Modules For Old Solar Project Updated On Mon, Feb 6th, 2023 by Saurenergy In a recent order in January, the Gujarat Electricity Regulatory Commission (GERC), when faced with a petition seeking permission to replace solar modules on a project ‘damaged’ by floods, chose to provide interim relief only, reserving the tight to take a final view on the issue. The matter at hand is a very interesting case, […] Read more
Pristine Sun Gets Capital Commitment of $250 Million for Solar Expansion Updated On Mon, Feb 6th, 2023 by Saurenergy US renewable energy player Pristine Sun Corporation has announced a $250 million capital commitment from strategic private equity and family office investors to develop renewable energy projects. The equity commitment will allow Pristine Sun to develop, finance, and build up to 5 GW of its solar projects. The official statement of the firm held that […] Read more
Priced at Rs 15,000, Twin Solar Cooking Top To Mark Debut at India Energy Week Updated On Mon, Feb 6th, 2023 by Saurenergy Last year, the Indian Oil Company unveiled Surya Nutan, a solar cooking system developed indigenously. The three models introduced were priced in the range of Rs 12,000 and Rs 23,000, kitchen connected and rechargeable. Now, the CPSU has gone a step ahead and introduced a twin cooktop model. Said to be priced at around Rs […] Read more
The Top 5: Game-changing Renewable Energy Projects In Southeast Asia Updated On Mon, Feb 6th, 2023 by Saurenergy The countries making up the Association of South East Asian Nations (ASEAN) are the world’s fourth-largest energy consumer as a group. Its actions in the renewable realm are vitally important if the world wants to achieve carbon neutrality by 2050 – the Paris agreement target. The countries in the region are exploring renewable technology to […] Read more
