US Allocates $1.3 Bn To Boost Lithium-ion Domestic Manufacturing Updated On Mon, Nov 25th, 2024 by Saurenergy To meet the growing domestic demand for electric vehicles (EVs), the United States (US) government has allocated a loan to finance a new facility in Terre Haute, Indiana, for manufacturing of lithium-ion battery separators. The government recently allocated a $1.3 billion direct loan ($1.2 billion in principal and $139.3 million in capitalized interest) to ENTEK […] Read more
India Sees Less Hope From Funding Commitments At COP29 Updated On Mon, Nov 25th, 2024 by Saurenergy The UN recently concluded climate talks at COP29 in Baku with a pledge of $300 billion annually from rich nations to contribute to the global fight against climate change. The COP29 negotiations ended early Sunday morning in Baku. The Indian delegation, however, finds it not enough to deal with the climate change crisis. The COP29 […] Read more
Green Stocks Nov 22: Market Rebounds, Green Stocks Trail Updated On Fri, Nov 22nd, 2024 by Saurenergy For once, a strong day at the markets left Green Stocks behind. Of course, not all stocks were left behind, as Waaree Renewable Technologies, after a couple of weeks in relative obscurity, shone with a 5% jump. A surprising performance came from Shakti Pumps, which gave up most gains of the week to end over […] Read more
Sungrow Ink Supply Deal For 1.7 GWh ESS To Raystech, Solar Juice In Australia Updated On Fri, Nov 22nd, 2024 by Saurenergy Sungrow, the leading global PV inverter and energy storage system provider, signed a distribution agreements with Raystech Group and Solar Juice Group. Under these agreements, Raystech Group (1GWh) and Solar Juice Group (700MWh) collaborate to distribute 1.7 GWh of Sungrow’s C&I energy storage systems over the next three years. Raystech Group can leverage its technical […] Read more
CIL Invites Bids For 40 MW Solar Project To Power MP Coal Plant Updated On Fri, Nov 22nd, 2024 by Saurenergy To bring renewable energy to coal power stations in Madhya Pradesh, Coal India Limited (CIL) has invited bids to develop a 40 MW solar power project at Johilla Area, Umaria in Madhya Pradesh. The last date for bid submission is December 27, 2024. The bidder for this project is expected to develop. The tender also […] Read more
COP29: Azerbaijan Concludes First RE Auction At Tariff Of $3.540 Cents/kWh Updated On Fri, Nov 22nd, 2024 by Saurenergy Azerbaijan recently concluded its first ever renewable energy auction with technical assistance from the European Bank for Reconstruction and Development (EBRD). The outcome of the competitive auction was announced at the United Nations Climate Change Conference in Baku (COP29). In the auction ran by Ministry of Energy, Universal International Holding Limited submitted the lowest bid, […] Read more
Tata Power, ADB Seal $4.25Bn Deal To Finance 966 MW RE Projects In India Updated On Fri, Nov 22nd, 2024 by Saurenergy Tata Power, an integrated power company, and the Asian Development Bank (ADB) recently signed a Memorandum of Understanding (MoU) coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan. This deal evaluates financing for its several projects and to enhance India’s power infrastructure, and promote renewable and clean energy. The MoU outlines the evaluation of […] Read more
Meta, Google Lead The Chart In Renewable Energy Use: SEIA Updated On Thu, Nov 21st, 2024 by Saurenergy Corporate companies in the recent past have relied on renewable energy to meet their growing energy needs. In fulfilling its needs, US corporations have derived 18% of energy from solar. The report said that 20% of all installations in 2023 saw corporate offtake driving renewable energy demand in the country. The Solar Energy Industry Association […] Read more
Tech Investments To Slash Solar Energy Costs By Up to 60%: ISA Updated On Thu, Nov 21st, 2024 by Saurenergy Solar energy has been identified as key to bridging energy gaps in low-income countries, ensuring access for over 1 billion people globally through various grid-connected and decentralized solutions. According to a report by the International Solar Alliance (ISA), by 2050, solar adoption is projected to create over 27 million green jobs worldwide, offering significant opportunities […] Read more
