American Firm AES Completes Construction of 3.5 GW Of Renewables Updated On Thu, Jan 18th, 2024 by Saurenergy America-based global cleantech company AES Corporation announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022. “In 2023, AES Corporation completed the construction of 3.5 GW of new renewables. This construction milestone represents a new record and a growth rate of nearly 100% over 2022. Including […] Read more
US Announces $104mn Investment Plan For New Net-Zero Facilities Updated On Thu, Jan 18th, 2024 by Saurenergy The US Department of Energy (DOE) recently announced $104 million for energy conservation and clean energy projects at 31 Federal facilities. The latest step is part of President Biden’s strategy to re-establish the federal government as a sustainability leader. The funding announced by the President is part of the DOE’s Assisting Federal Facilities with Energy […] Read more
14 Trends That Drove Change In RE Within 2023: IEA Analysis Updated On Fri, Jan 12th, 2024 by Saurenergy The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […] Read more
NHPC Awards 250MW Rajasthan Solar Project To Apraava Energy Updated On Thu, Jan 11th, 2024 by Saurenergy The National Hydroelectric Power Corporation (NHPC) awarded a 250 MW Inter-State Transmission System (ISTS) connected solar energy project in Rajasthan to Apraava Energy. Apraava Energy, an integrated energy solutions provider, announced receiving the order today. The project order through the e-reverse auction mechanism at a walk-out tariff of INR 2.53 per kWh is scheduled to be completed within […] Read more
CBI Files FIR Against Officials Of SJVNL, Siemens Gamesa Updated On Thu, Jan 11th, 2024 by Saurenergy The Central Bureau of Investigation (CBI) has registered a case against some officials of Satluj Jal Vidyut Nigam Ltd (SJVNL) and Siemens Gamesa over fraudulent practices. In a media statement, the central agency said that such malpractices led to a loss of around Rs 191 crore to the public sector utility. CBI said it had registered […] Read more
Singapore’s Nexif Ratch Energy Appoints Cyril Dissescou CEO Updated On Thu, Jan 11th, 2024 by Saurenergy Nexif Ratch Energy Investments Pte. Ltd. (“Nexif Ratch Energy”), a leading owner/operator and developer of clean-energy power projects in the Asia Pacific region, has announced the appointment of Cyril Dissescou as its Chief Executive Officer. Cyril takes over from Matthew Bartley who stepped in as interim CEO to establish Nexif Ratch Energy during its first […] Read more
E-Fuel Hybridization With Solar Can Improve Energy Production: IEA Updated On Wed, Jan 10th, 2024 by Saurenergy A latest report by the International Energy Agency (IEA) on, “Role of E-Fuel in Decarbonizing Transport”, studied the role of hybridization of E-Fuel with wind and solar as a solution in reducing carbon dioxide (CO₂) emission. The report stated, “E-Fuel have emerged as an alternative in situations where, the usage wind and solar resources is […] Read more
With Lowest Bid Of Rs 3.15, Only Three Winners For SECI 2000 MW Tranche VII Hybrid Tender Updated On Wed, Jan 10th, 2024 by Saurenergy NTPC Renewable Energy, Juniper Green Energy and Sembcorp emerged as the only three bidders acceptable to Solar Energy Corporation of India (SECI) for the 2000 MW ISTS connected Hybrid projects. With bids received for only 1265 MW, SECI had reduced available capacity to 1012 MW at 80% of aggregate bid capacity. The results for the […] Read more
€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
