Annual Energy Storage Installations to Exceed 30GW by 2030: IHS Markit Updated On Mon, Oct 11th, 2021 by Saurenergy The global energy storage market continues to prove resilient to the impacts of COVID-19 and supply constraints for Li-ion batteries and will enter a prolonged period of growth this year, with annual installations reaching more than 30 GW by 2030 – up 250% from 2021 levels – according to the latest report from the Clean […] Read more
Reliance Acquires REC Group in $771 Million Buy Out Updated On Sun, Oct 10th, 2021 by Saurenergy In a stock exchange filing today, Reliance Industries Limited (RIL) today acquired Norway-headquartered solar module maker REC Solar Holdings (REC Group) for an enterprise value of US$ 771 million (around Rs 5,800 crore) from China National Bluestar. The acquisition was done through its fully owned subsidiary, Reliance New Energy Solar Limited. “Reliance New Energy Solar […] Read more
Rooftop Solar to Supply 25-49% of Global Electricity Needs by 2050: Study Updated On Thu, Oct 7th, 2021 by Saurenergy Owing to improved deployment capability and reduced costs, rooftop solar photovoltaics (PV) technology, such as roof mounted solar panels used in home, commercial and industrial buildings, is currently the fastest deployable electricity generation technology. According to a new report, it is projected to supply 25–49% of global electricity needs by 2050. Despite these predictions, a […] Read more
India’s iCreate, Israel’s Start-Up Nation Central Partner for Green Tech Updated On Thu, Oct 7th, 2021 by Saurenergy iCreate (International Centre for Entrepreneurship and Technology), an Indian startup incubator and Start-Up Nation Central, a not-for-profit organisation that connects multinational corporations, governments, investors, and NGOs to the Israeli innovation ecosystem, are collaborating to promote the adoption of green technologies. This partnership will also set the stage for the 2nd cohort of the India-Israel Innovation […] Read more
SUSI Partners to Fund Canopy Power’s Renewable Microgrids Updated On Thu, Oct 7th, 2021 by Saurenergy Swiss fund manager SUSI Partners, through its Asia Energy Transition Fund (SAETF), has joined forces with Singapore-based microgrid technology provider Canopy Power to bring clean power solutions to off-grid locations across Southeast Asia. It is SUSI’s second investment in Southeast Asia following the creation of a joint venture with Malaysian company InvestEnergy which is dedicated […] Read more
NHOA Bags 200MWh Battery Storage Project in Australia Updated On Wed, Oct 6th, 2021 by Saurenergy Energy storage and e-mobility solutions company New HOrizons Ahead (NHOA), which was previously known as Engie EPS, has won a 200MWh battery energy storage system (BESS) project in Australia. NHOA said that the construction phase of the project, at an as-yet undisclosed location for an unnamed customer, is scheduled to start immediately, with completion expected by […] Read more
Egypt’s EFG Hermes to Inject €625 M into Ignis Energy’s RE Plans Updated On Wed, Oct 6th, 2021 by Saurenergy Vortex Energy, a global renewable energy platform managed by the private equity arm of Egypt’s EFG Hermes, has entered into a definite agreement with Ignis Energy Holdings, parent company of Spanish independent integrated renewable player Ignis Group. Vortex Energy will inject over €625 million through its newly launched Vortex Energy IV Fund and its co-investors […] Read more
World’s Largest Clean H2 Infra Fund Worth €1.5 B Established Updated On Wed, Oct 6th, 2021 by Saurenergy Air Liquide, TotalEnergies and VINCI, are teaming up with other large international companies to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to reach 1.5 billion euros and has already secured initial commitments of 800 million euros. Its objective is to accelerate the growth of […] Read more
Total Eren, Inaccess Ink Solar Monitoring Agreement Updated On Tue, Oct 5th, 2021 by Saurenergy London-based Inaccess has signed a global framework contract with Paris-based Total Eren for the support and maintenance of unity monitoring, SCADA (supervisory control and data acquisition) and PPC (power plant control) system for several Total Eren’s solar plants located in Argentina, Australia, Brazil, and Kazakhstan. The unity system optimizes the operation of modern renewable power portfolios […] Read more
