China Surpasses Germany to Claim #2 in Offshore Wind Rankings Updated On Fri, Aug 27th, 2021 by Saurenergy China has overtaken Germany as the world’s second largest offshore wind market with 7.9 GW of operational capacity, shows a new Global Offshore Wind report. The World Forum Offshore Wind’s first semi-annual report for 2021 also finds that global offshore wind installations reached 34,137 MW at the end of June. This demonstrates a slowdown in […] Read more
Siemens Energy to Build Green H2 Industry in Egypt Updated On Fri, Aug 27th, 2021 by Saurenergy German company Siemens Energy has signed a Memorandum of Understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry in Egypt with export capability. The agreement was signed by Christian Bruch, President and CEO of Siemens Energy, and Gaber El- Dessouki, Chairman of the Board of Directors of the Egyptian Electricity Holding Company […] Read more
Gravity based Energy Storage Startup Energy Vault Announces $100 Million Funding Updated On Wed, Aug 25th, 2021 by Saurenergy Energy Vault, the firm behind gravity-based, grid-scale energy storage solutions with its proprietary technology, today announced $100 million in Series C funding. We had covered the firm’s series B funding back in 2019. The newest investment round is being led by existing investor Prime Movers Lab, with additional participation from other existing investors including SoftBank […] Read more
China’s Goldwind Earns 292.3 M Net Profit in H1 FY21 Updated On Tue, Aug 24th, 2021 by Saurenergy Beijing-based wind turbine manufacturer Goldwind has released interim results for 2021, reporting a net profit of around CNY 1.9 billion ($292.3 million) in the first half of the financial year. Officially known as Xinjiang Goldwind Science & Technology Co., Ltd., this state-owned multinational realised revenue of CNY 17.85 billion in H1 FY21. Gross profit was CNY 4.919 billion, […] Read more
MSEDCL Issues Tenders for 800 MW Wind Projects Updated On Tue, Aug 24th, 2021 by Saurenergy The Maharashtra State Electricity Distribution Company (MSEDCL) has recently issued two requests for selection (RfS) to procure 500 MW of wind power from intra-state wind power projects and 300 MW of wind power from new grid-connected inter-state and intra-state wind projects. In total, MSEDCL will procure 800 MW wind power on a long-term basis through […] Read more
SECI Discovers Rs 2.34 Price In 1200 MW Solar Wind Hybrid Auction Updated On Tue, Aug 24th, 2021 by Saurenergy NTPC Limited, NLC India, Mission Ten Renewable Energy (Ayana Renewable Energy), and Azure Energy emerged as the winners in the Solar Energy Corporation of India’s (SECI) auction for 1,200 MW solar-wind hybrid projects (Tranche-IV) related to the Interstate Transmission System (ISTS). The final winning bid was at Rs 2.34/unit. Bids by other majors like ReNew […] Read more
48 MW Scottish Offshore Wind Project Fully Installed Updated On Tue, Aug 24th, 2021 by Saurenergy The 48MW Kincardine Offshore Wind project, touted as “the world’s largest installed floating offshore wind farm,” has been fully installed now. It is expected to generate enough electricity to power approximately 55,000 Scottish households. Last year, Scotland narrowly missed a target to generate the equivalent of 100% of its electricity demand from renewables. The figure […] Read more
Why So Slow? JP Morgan Energy Paper Seeks To Answer The Question Updated On Thu, Aug 19th, 2021 by Saurenergy The asset and wealth management arm of JP Morgan Chase & Co. Has released its annual energy paper, “Eye on the Market,” which examines current trends on the ground every year as the fourth great energy transition unfolds. The 11th edition of this paper zero’s in on one question: Why is the transition taking so […] Read more
Norwegian Company gets €957,000 Grant for Mobile Offshore Wind Units Updated On Thu, Aug 19th, 2021 by Saurenergy Norwegian offshore drilling contractor Odfjell Oceanwind has been awarded a NOK 10 million (EUR 957,000) pre-project grant from Enova, Norway’s fund for climate and energy technologies, for maturing its first commercial contracts for Mobile Offshore Wind Units (MOWUs) and WindGrid for electrification of oil and gas installations. The grant is awarded under Enova’s full scale innovative […] Read more
