€300 Million IFC Loan For Iberdrola To Back Renewables Versus Coal Updated On Tue, Jan 9th, 2024 by Saurenergy The World Bank’s private lending arm, the International Finance Corporation (IFC) has backed Spanish utility major Iberdrola with a €300 million (US$328.7 million) loan to support and develop renewable energy projects in coal-dependent countries, including Morocco, Vietnam and Poland. According to Iberdrola,€170 million has already been committed to financing onshore wind projects in Poland, one of the biggest European […] Read more
QCells Signs 12-GW Solar Power Deal With Tech-Giant Microsoft Updated On Tue, Jan 9th, 2024 by Saurenergy Global renewable energy player Qcells will supply tech giant Microsoft with 12 – G.W. of solar modules and EPC services over an 8-year period. This is Qcells’ largest module and engineering, procurement and construction (EPC) services agreement to date. The order is equivalent to powering more than 1.8 million homes annually. The eight-year strategic alliance […] Read more
Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector Updated On Tue, Jan 2nd, 2024 by Saurenergy For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […] Read more
Use Of Critical Mineral In Electric Vehicles Can Enhance Battery Life: IEA Updated On Fri, Dec 29th, 2023 by Saurenergy The International Energy Agency (IEA) released a report analyzing the use of critical minerals in electric vehicles and found the use of critical minerals important in improving transparency in the supply chain.It mentions that to make the supply chain of critical minerals transparent, it requires that the companies that manufacture them purchase clean energy technologies. […] Read more
The Success Story of Solar Lighting in Rural Landscapes Updated On Wed, Dec 27th, 2023 by Saurenergy By Shashank Donthi, CEO of Hynetic Electronics Solar lighting in rural landscapes have gained popularity and extensive deployment in India due to their eco-friendly nature and cost-effectiveness. These lights harness solar energy during the day using photovoltaic panels and store it in batteries for illumination during the night. India’s rural communities form the foundation of […] Read more
LG Energy Solution Vertech Secures 10 GWh ESS Project in US Updated On Fri, Dec 22nd, 2023 by Saurenergy LG Energy Solution Vertech has secured 10 gigawatt-hours (GWh) of grid-scale battery energy storage (ESS) projects in the United States for the upcoming year, capitalizing on the potential foreseen in the US ESS market. This 10 GWh initiative encompasses the development of 10 integrated battery energy storage systems. The collective impact of these installations will […] Read more
European Union Invests €2 Billion In Clean Energy Infrastructure Projects Updated On Thu, Dec 21st, 2023 by Saurenergy The European Union (EU) recently disbursed modernization fund, of €2.17 billion to help the energy within nine Member States through 19 selected projects. These investments are set to help lower-income EU countries to meet their 2030 climate and energy targets. It will help to reduce greenhouse gas (GHG) emissions in energy, industry and transport, and […] Read more
EU New Electricity Market Design To Speed-Up Renewable Deployment Updated On Fri, Dec 15th, 2023 by Saurenergy A latest report shared by the European Council and the Parliament has revealed that they have reached a provisional agreement to reform the EU’s electricity market design (EMD). “This deal is great news, as it will help us reduce even more the EU’s dependence on Russian gas and boost fossil-free energy to cut greenhouse gas […] Read more
Midsummer And The EU Sign Agreement On Grant For New Swedish Solar Cell Factory Updated On Wed, Dec 6th, 2023 by Saurenergy Swedish solar firm Midsummer has moved closer to a solar cell manufacturing facility in Sweden, with the closure of talks with the EU on the grant the firm is to get. The new mega-factory for the production of thin film solar cells in Sweden by Midsummer is now a step closer with the talks finalized […] Read more
