Shell & CoensHexicon to Build 1.4 GW Floating Wind Farm in South Korea Updated On Thu, Sep 2nd, 2021 by Saurenergy Shell Overseas Investment BV, a unit of Dutch oil and gas major Royal Dutch Shell, and CoensHexicon have established a joint venture to fund, develop, and operate MunmuBaram, a 1.4 GW floating offshore wind farm for South Korea. MunmuBaram is expected to power over 1 million homes once it begins operating. The two companies announced their […] Read more
Bacteria Could Lead the Way for Cheap & Green Energy Storage: Study Updated On Thu, Sep 2nd, 2021 by Saurenergy Cornell University bioengineer Buz Barstow, Ph.D. ’09, is trying to solve a big problem: How to build a low-cost, environmentally friendly and large-scale system for storing and retrieving energy from renewable sources such as wind and solar. Currently, there are no sustainable methods for storing green energy, as batteries are environmentally toxic. The answer may […] Read more
RWE to Procure 200 MW of Storage from LG for US Solar Project Updated On Thu, Sep 2nd, 2021 by Saurenergy German company RWE Renewables has signed contracts with South Korea-based LG Energy Solution to receive an integrated battery energy storage system (BESS) for two of RWE’s upcoming projects with co-located solar PV facilities in the U.S. “We’re delighted to join forces with LG Energy Solution to secure equipment helping us realize two important solar plus […] Read more
HOP Electric Mobility Starts Setting Up 2nd Unit in Jaipur Updated On Thu, Sep 2nd, 2021 by Saurenergy Jaipur-based two-wheeler maker HOP Electric Mobility is planning to expand its presence in multiple states, including Rajasthan, Punjab, Haryana, Uttar Pradesh, Gujarat, Telangana, Madhya Pradesh, Bihar and West Bengal. The company is setting up its second manufacturing facility in Jaipur to add capacity of 1.5 lacs units per year by February 2022. The company already has […] Read more
Developing Energy Storage Key for India’s Decarbonisation, finds Study Updated On Thu, Sep 2nd, 2021 by Saurenergy In order to achieve its target of 450 GW of wind and solar by 2030, India’s wind and solar capacity must grow 20% year-over-year between 2022 and 2030. Developing energy storage is a key avenue for increasing India’s power system flexibility and the share of renewables and ultimately enabling India’s decarbonisation, finds a new study by the […] Read more
Adani Green Raises $750 M for Projects in Pipeline Updated On Thu, Sep 2nd, 2021 by Saurenergy Adani Green Energy Ltd (AGEL) has priced its maiden ListCo senior issuance of $750 million through a 3-year issuance under the 144A / Reg S format, at a fixed coupon of 4.375%. The issuance was oversubscribed by 4.7 times. This issuance establishes AGEL as India’s leading credit in the renewable sector with a robust and […] Read more
Cheaper Land On Agenda For US Admin For Solar and Wind Projects Updated On Thu, Sep 2nd, 2021 by Saurenergy Cheaper access to land for solar and wind projects has become a key tool for the US administration of President Joe Biden to drive growth in solar and wind capacity. With renewable energy a key pillar of the ‘green new deal’ to reduce emissions and decarbonise the US economy, the issues assumes significance at a […] Read more
Thiruvananthapuram to Get Solar Plants at Key City Locales Updated On Thu, Sep 2nd, 2021 by Saurenergy The Smart City Thiruvananthapuram Ltd (SCTL) and its Smart Mission initiative are implementing solar power plant projects at important establishments in the capital city, including the Legislative Assembly Complex, in order to propagate sustainable technology. The estimated cost of the project is Rs 3.2 crores and it is expected to generate 607-kilowatt power. Officials believe […] Read more
Lowest Bid of $0.01332/kWh Reported in Chile’s Renewables Auction Updated On Thu, Sep 2nd, 2021 by Saurenergy The National Energy Commission of Chile (CNE) held a 2.31 TWh/year renewable energy auction last week, in which the lowest bid was submitted for $0.01332/kWh for a solar PV project. 29 bidders took part in the bidding process, which was conducted by Empresas Eléctricas AG and by Enel, to provide electricity to the National Electric System […] Read more
