IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
Macquarie Launches New Platform To Electrify $US 1.5 Bn Fleet Updated On Tue, Apr 23rd, 2024 by Saurenergy Macquarie Asset Management (MAM), part of Macquarie Group, launched Vertelo, a new platform providing end-to-end solutions in fleet electrification in India. Macquarie aims to accelerate the transition of fleets to electric vehicles and build an EV ecosystem by offering solutions to customers. It includes leasing and financing, charging infrastructure and energy solutions, fleet management services, […] Read more
GPS Renewables Secures Rs 411.50 Crore Debt-Financing Updated On Thu, Apr 18th, 2024 by Saurenergy Bengaluru-based clean energy firm, GPS Renewables has successfully secured Rs 411.50 crore in debt financing. This funding was sourced from a consortium of major banks and financial institutions, according to a statement by GPS Renewables. Tilak Minocha, the Chief Finance Controller of GPS Renewables, emphasised that the new funds would significantly enhance their capabilities to […] Read more
Trina Storage To Bring 5MWh Elementa 2 Platform In Middle East Updated On Tue, Apr 16th, 2024 by Saurenergy Energy storage product & solution provider Trina Storage has announced the release of the 5MWh variant of its innovative Elementa 2 platform in the Middle East. Following the successful global launch of the 4MWh Elementa 2 in London, this Middle East debut showcases Trina Storage’s commitment to innovation in sustainable energy solutions. Building upon Trina […] Read more
News In Brief April 12- Nexamp, Chinese Solar Exports, US Solar Backlog & More… Updated On Fri, Apr 12th, 2024 by Saurenergy China Exports 43.1 GW Modules In Jan-Feb 2024, Says Infolink China exported 21.9 GW of modules in January 2024, a 35% increase from 16.2 GW in December 2023, then exported 21.2 GW in February, a 3% month-on-month decrease, accumulating 43.1 GW of total export volume in 2024, a 45% increase from 29.7 GW in the […] Read more
China Leads The Way In Cleantech Industry, Overtakes US: RMI Study Updated On Thu, Apr 4th, 2024 by Saurenergy A recent report by RMI described the goals of countries regarding cleantech in its study “race to the top” dealing with the transition from fossil energy to clean energy. It compares the progress made by the three regions that dominate the deployment of renewable energy technologies — China, Europe, and the United States. The RMI […] Read more
US Solar Manufacturers Come Out With Prescription for Domestic Manufacturing Updated On Tue, Mar 26th, 2024 by Saurenergy A new report commissioned by the Solar Energy Manufacturers for America (SEMA) Coalition and authored by Guidehouse Insights Inflection Point makes a case for stronger government efforts to ensure the US domestic solar manufacturing industry withstands the challenge mounted from China or Chinese linked imports. “Thanks to the efforts of Congress and the Administration, with […] Read more
COVER STORY: Rooftop Solar Enters Mission Mode In India Updated On Mon, Jan 29th, 2024 by Saurenergy The signs were already there. In the first week of 2024, the Ministry of New and Renewable Energy (MNRE) created ripples in the Indian solar market when it announced a 23 percent increase in subsidies for residential rooftop solar. As per the government notification, the ministry increased subsidies from Rs 14,588/kWh to Rs 18,000/kWh for […] Read more
India’s Renewable Energy Capacity To Reach 54% By 2047: NREL Updated On Mon, Jan 29th, 2024 by Saurenergy A recent report by the United States (US)-based organization National Renewable Energy Laboratory (NREL) anticipated an increase in the share of renewable energy (RE) generation from wind and solar in India to reach 54 percent by 2047. The NREL report evaluated, “In the base scenario, investments in battery storage are economic in 2030 is expected […] Read more
