Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA Updated On Fri, Jun 11th, 2021 by Saurenergy The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […] Read more
Solar Generated Maximum Electricity Among all Renewables in Australia Updated On Thu, Jun 10th, 2021 by Saurenergy Solar passes all other renewable resources in terms of Australia’s electricity generation in 2020. According to ‘Australia Energy Statistics’ 2020, published by the Department of Industry, Science, Energy, and Resources, the total electricity generation in Australia was estimated to be 265,232 gigawatt-hours (GWh) in the calendar year 2020, remaining materially unchanged since 2019. Interestingly, solar […] Read more
ISGF Report Supports Interlinking of Grids in GCC, SAARC & ASEAN area Updated On Thu, Jun 10th, 2021 by Saurenergy A new report entitled ‘Interconnection of Regional Grids of ASEAN, SAARC/BIMSTEC and GCC Regions’, released by India Smart Grid Forum (ISGF), argues that myriad benefits are to be gained from interconnecting smaller power systems — the GCC, SAARC/BIMSTEC and ASEAN region in particular — to form a large power pool or regional grid in terms of […] Read more
World’s 1st Solar-Hydro Plant for Longer Duration Energy Storage: ARENA Updated On Thu, Jun 10th, 2021 by Saurenergy On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $15 million in funding to RayGen Resources Pty Ltd (RayGen) to construct its first of a kind ‘solar hydro’ power plant comprising 4 MW of solar PV generation and 3 MW / 50 MWh (17 hours) of dispatchable storage capacity […] Read more
Legal Counsel Updated On Wed, Jun 9th, 2021 by Saurenergy The legal counsel shall be responsible for advising the business operations, by giving pro-active, professional, competent, (cost) effective and creative legal support. The legal counsel shall collaborate with the business leaders advising on legal risks, business strategies and other issues related to the Company’s business. The Person should be comfortable working in a fast-paced environment […] Read more
IRENA Members contribute to G20 Action Agenda on Offshore RE Updated On Wed, Jun 9th, 2021 by Saurenergy On the occasion of the 2021 World Ocean Day, celebrated yesterday, over 70 IRENA members and private sector representatives came together in a Collaborative Framework on Ocean Energy and Offshore Renewables to accelerate the deployment of ocean technologies worldwide. Energy from the sea and through offshore renewables is increasingly recognised as significant climate solution for […] Read more
Renew In Collaboration With Stanford’s Storage X Initiative Updated On Tue, Jun 8th, 2021 by Saurenergy ReNew Power, one of India’s leaders in renewable energy, today announced a collaboration agreement with the Precourt Institute for Energy at Stanford University and its StorageX Initiative. StorageX is an academic-industry-government initiative that aims to solve the most pressing real-world challenges in battery storage. ReNew’s collaboration with StorageX will focus initially on challenges surrounding grid […] Read more
Renewables Produce Record 50.7% of Energy in May in Spain Updated On Tue, Jun 8th, 2021 by Saurenergy The Red Eléctrica de España (REE), a partly state-owned and public limited corporation which operates the national electricity grid in Spain, recently reported that renewable energy reached an important milestone last month when, for the first time, more than half of the energy produced in the country was of renewable origin. The data supplied by […] Read more
BPCL Floats Tender For 15 MW of Open Access Renewable Power Updated On Tue, Jun 8th, 2021 by Saurenergy Oil and Gas major Bharat Petroleum Corporation Limited (BPCL) has floated a tender for the supply of 15 MW of solar or non-solar Renewable Power under open access to BPCL and its Mumbai Refinery at Mahul. According to the tender document and Power Purchase Agreement (PPA), the scope of work for supplier includes evacuating solar […] Read more
