AGEL Completes $3.5 Billion SB Energy Deal, Operational Portfolio at 5.4 GW now Updated On Mon, Oct 4th, 2021 by Saurenergy Adani Green Energy Ltd (AGEL) has announced the successfully closure of the deal for the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on 18 May 2021. With this deal, SB Energy India is now a 100% subsidiary of AGEL. Earlier, it was a […] Read more
Tesla’s Li-ion Battery Inaugrated at World’s Largest Solar Farm Updated On Wed, Sep 29th, 2021 by Saurenergy Dubai Electricity and Water Authority (DEWA) has inaugurated a pilot project for energy storage at the Mohammed bin Rashid Al Maktoum Solar Park using Tesla’s lithium-ion battery solution. The project has a power capacity of 1.21 MW and an energy capacity of 8.61 MWh with a life span of up to 10 years. “The energy […] Read more
Why Prices Skyrocketed at the Power Exchange: IEEFA Updated On Wed, Sep 29th, 2021 by Saurenergy With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and dropped markedly as the […] Read more
Wary of China, Quad Nations To Focus on Solar Supply Chain Updated On Mon, Sep 27th, 2021 by Saurenergy The United States, Japan, India and Australia will work to improve the security of supply chains for critical technologies such as clean energy and to ease a global semiconductor shortage, said Australia’s Prime Minister Scott Morrison. The Quad nations, in their first in-person summit on Friday in Washington, agreed on a partnership to secure critical […] Read more
Appliance Standards & Labelling Effective at Reducing Energy Use: IEA Updated On Thu, Sep 23rd, 2021 by Saurenergy Policies that introduce minimum efficiency performance standards and energy-consumption labelling on appliances and equipment have led to reduced power consumption, lower carbon emissions, and cost savings for consumers, according to analysis published today by the International Energy Agency (IEA) and the 4E Technology Collaboration Programme (4E TCP). The report’s findings are drawn from nearly 400 […] Read more
LG Energy Solution Takes Over US-based NEC Energy Solutions Updated On Wed, Sep 22nd, 2021 by Saurenergy South Korean lithium-ion battery manufacturer LG Energy Solution (LG ES) has acquired US-based sector player NEC Energy Solutions from NEC Corporation for an undisclosed sum. The news was unveiled on Friday by BDA Partners, which served as the exclusive financial advisor to LG on the transaction. Japan’s NEC Corporation has transferred all shares in NEC Energy […] Read more
Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Sungrow Reports $1.26 Billion Revenue in H1 FY21 Updated On Thu, Sep 16th, 2021 by Saurenergy Inverter solutions supplier Sungrow has released its semi-annual report, reporting a net income of 757 million yuan (about 116.42 million US dollars), with a year-over-year increase of 69.68%, in H1 FY21. The company’s revenue was 8.21 billion yuan (1.26 billion US dollars) during this period, with a year-over-year increase of 18.27%. The highlights of H1 FY21 […] Read more
Why Australia is a Bigger Carbon Pariah Than We Think: IEEFA Updated On Thu, Sep 16th, 2021 by Saurenergy In the following timely piece, Adrian Blundell-Wignall, guest contributor for Institute for Energy Economics and Financial Analysis (IEEFA), discusses the role played by Australia’s Scope III emissions in the world’s carbon footprint: The Glasgow summit on climate change is looming, and we continue to see Australia pretending to be a small emitter of carbon dioxide on […] Read more
