With 165 GW Achieved, Investment of Over $300 Bn Needed to Achieve Another 335 GW by 2030 Updated On Mon, Nov 7th, 2022 by Saurenergy India needs strategic investments of more than $300 billion to achieve its clean energy capacity target of 500 GW by 2030, Arthur D. Little (ADL) has postulated a new study. Further, the study states that with 165 GW generation capacity already in place, India is on the right trajectory to meet its goal of having […] Read more
Italy’s Enel, Israel’s Brenmiller Inaugurate Rock-Based Storage System ‘TES’ in Italy Updated On Mon, Nov 7th, 2022 by Saurenergy The largest utility in Italy Enel Group and Israeli firm Brenmiller Energy have set up an innovative, sustainable rock based energy storage system in Tuscany in Italy which is completely sustainable and capable of accelerating the energy transition. The integration of the thermal energy storage (TES) system with the existing power plant enables Enel and […] Read more
Sterlite Power Mulls Over Investment of Rs 50,000 Crore in RE in Karnataka Updated On Fri, Nov 4th, 2022 by Saurenergy Pratik Agarwal, Managing Director, Sterlite Power, has revealed that his company will invest Rs 50,000 crore in renewable energy in the state of Karnataka. Speaking at the Global Investors’ Meet, Pratik Agarwal held, “Over the next five years, we plan to increase the renewable capacity by 10-fold and invest close to Rs 50,000 crore into […] Read more
Oman Begins Tendering for 500-MW Solar Project Updated On Fri, Nov 4th, 2022 by Saurenergy When the Middle Eastern countries of Saudi Arabia and UAE are going bullish on renewable energy, Oman doesn’t like the idea of staying behind by far. In a key development, Oman Power and Water Procurement Co. (OPWP) has come up with a tender to select the independent power producers (IPPs) for the development of a […] Read more
European Energy’s Arm EE North America to Build 2 GW Solar Project in Arizona Updated On Fri, Nov 4th, 2022 by Saurenergy EE North America, renewable energy developer and arm of global energy player European Energy, has said that it has partnered with Elio Energy to develop a pipeline of 2 GW of solar power generation and energy storage in Arizona and surrounding states. The official statement of EE North America held that the solar and storage […] Read more
After Promising Start, Karnataka Increases GIM Investment Plans Updated On Thu, Nov 3rd, 2022 by Saurenergy After the Global Investors’ Summit got off to a strong start, Karnataka increased its fundraising target by Rs 2.5 lakh crore to Rs 7.5 lakh crore, according to Union Finance Minister Nirmala Sitharaman. “When this global meeting was first being arranged, their initial expectations and goals were in the neighborhood of 5 lakh crore. Now […] Read more
Tata Power Signals Strong EPC Recovery In Renewables At Q2 Analyst Meet Updated On Wed, Nov 2nd, 2022 by Saurenergy For Tata Power Limited, the FY 23 Q2 results have been a time to cheer, with record revenues and profits for the quarter. Total revenues at Rs 14, 163 crores were almost 50% higher than revenues in the corresponding quarter last year. Net profits came in even higher, up 85% at Rs 884 crores, versus […] Read more
Germany’s Largest Floating Solar Plant to Come Up in Open-Pit Lignite Mine Site Updated On Wed, Nov 2nd, 2022 by Saurenergy The government officials in eastern German Cottbus have paved way for the development of the largest floating solar power plant in Germany. The solar plant will come up on the Cottbus Ostsee lake which is a man-made lake created out of a former open-pit lignite mine. The announcement of the upcoming solar power project has […] Read more
Germany’s Svevind to Develop 20 GW Green Hydrogen Project in Kazakhstan Updated On Wed, Nov 2nd, 2022 by Saurenergy Just as the European Union toils for renewable energy expansion and possible import of clean energy, German renewable energy player Svevind Energy Group looks to invest a massive $50 billion for the development of a 20 GW green hydrogen project in Kazakhstan, for which an agreement has been signed between Svevind and the Kazakh Government. […] Read more
