Avaada Energy Gets Rs 1,190 Crore SBI Loan For Gujarat Solar Project Updated On Thu, May 2nd, 2024 by Saurenergy Mumbai-based green energy company Avaada Energy has announced that it secured a Rs 1,190 crore loan for a new solar project in Gujarat from the State Bank of India (SBI). The project is located in Surendra Nagar district of Gujarat. According to a statement by the company, the loan has been sanctioned for a 20-year […] Read more
MN8 Energy Sources 457 MW Solar Modules From First Solar Updated On Thu, May 2nd, 2024 by Saurenergy Global solar module manufacturer First Solar has placed orders with MN8 Energy LLC (MN8) for 457 Megawatts (MW) of advanced thin-film solar modules. The order included 170 MW of Series 6 plus bifacial modules and 287 MW of Series 7 modules. The modules are expected to power projects in the northeastern and southern United States […] Read more
Renewables Can Bring Down Singapore’s Gas Dependency To 61%: EMBER Updated On Thu, May 2nd, 2024 by Saurenergy A recent report from energy think tank EMBER said that Singapore’s heavy reliance on gas-based electricity could be cut down with the expected rise of renewables in the country. The report said that based on its calculations, the share of electricity from gas would drop from 92% in 2022 to 61% by 2035. This was […] Read more
Climate Finance Still A Challenge For Developing Countries Amid RE Push Updated On Thu, May 2nd, 2024 by Saurenergy Amid fears of worsening impacts of climate change and the push towards renewable energy, financing for the transition to greener energy sources remains the pivotal issue. A report by the World Bank that focused on developing countries emphasised that energy transition there will require ‘unprecedented transformation of the power sector infrastructure’. Along with that, it […] Read more
EU’s Shift To BTM Batteries To Meet Energy Demand: EMBER Updated On Wed, May 1st, 2024 by Saurenergy EMBER in its recent report identified that installed battery capacity in the EU doubled to 16 GW in 2023, with a significant concentration in countries like France, Ireland, and Germany. Behind-the-meter (BTM) batteries constitute a substantial portion of this capacity, with countries like Spain and the Netherlands expected to follow suit due to high renewables […] Read more
News In Brief On May 1- CtrlS Datacentre, German Solar Auctions, Hopewind.. Updated On Wed, May 1st, 2024 by Saurenergy CtrlS Noida Datacenter Turns to Solar for 60% of its Power Requirement CtrlS Datacenters Ltd, Asia’s largest Rated-4 datacenter operator, has taken a significant stride towards sustainability by transitioning its Noida Datacenter – DC1 – to solar power. This move will enable the facility to meet 60% of its annual energy requirements through renewable sources. […] Read more
GE Vernova Secures STAMC Project In Odisha Updated On Wed, May 1st, 2024 by Saurenergy GE T&D India Ltd., a listed entity of GE Vernova’s Electrification business in India, announced that it has secured orders from Power Grid Corporation of India Ltd (PGCIL) to build a State Transmission Asset Management Centre (STAMC) in Odisha, India for Odisha Power Transmission Corporation Limited (OPTCL). Through this Odisha project, GE T&D India Ltd. […] Read more
Megha Engg. Bags 2000 MW Pumped Storage Project Updated On Wed, May 1st, 2024 by Saurenergy Hyderabad based infrastructure firm Megha Engineering and Infrastructure (MEIL) has been awarded the 2,000-megawatt Sharavathi pumped storage power project in Karnataka. The project, which is set to be the largest pump storage power generation unit in the country, is estimated to cost over Rs 8,000 crore and play a key role in Karnataka’s energy future. […] Read more
Battery Storage Needs To Be Increased Six Times By 2030 To Meet Global Energy Demand Updated On Tue, Apr 30th, 2024 by Saurenergy After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to the latest International Energy Agency (IEA) report. Growth in battery outpaced almost all other clean energy technologies in 2023 as falling costs, […] Read more
