Tech Investments To Slash Solar Energy Costs By Up to 60%: ISA Updated On Thu, Nov 21st, 2024 by Saurenergy Solar energy has been identified as key to bridging energy gaps in low-income countries, ensuring access for over 1 billion people globally through various grid-connected and decentralized solutions. According to a report by the International Solar Alliance (ISA), by 2050, solar adoption is projected to create over 27 million green jobs worldwide, offering significant opportunities […] Read more
Datta Infra To Invest ₹5000cr In Rajasthan’s RE Sector, Signs MoU Updated On Wed, Nov 20th, 2024 by Saurenergy Datta Power Infra has now signed a Memorandum of Understanding (MoU) with the Rajasthan government. The MoU envisages an investment of ₹5,000 crore in the state’s renewable energy sector. The investment aims to transform Rajasthan into a key hub for renewable energy. The firm plans to do this by boosting solar, wind, and hybrid power […] Read more
India, Australia Team Up To Drive Solar Manufacturing Investments Updated On Wed, Nov 20th, 2024 by Saurenergy India has recently partnered with Australia through the launch of the India-Australia Renewable Energy Partnership. This initiative aims to enhance two-way investments in renewable energy projects. This includes solar manufacturing, battery and mineral processing, green hydrogen, and green iron. In a media statement Anthony Albanese, Australian Prime Minister highlighted the importance of building the future […] Read more
Long-Duration Energy Storage Needs To Touch 8 TW By 2040: Report Updated On Mon, Nov 18th, 2024 by Saurenergy The world’s energy systems are not decarbonising quickly enough to meet global sustainability commitments, and immediate action must be taken to rapidly deploy long-duration energy storage (LDES) technologies to efficiently integrate the growing amount of renewable energy now coming online, according to a new report. The inaugural Annual Report from the Long Duration Energy Storage […] Read more
COP29 Open Vaults For 1 GW Of Wind Farms For Uzbekistan Updated On Wed, Nov 13th, 2024 by Saurenergy Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and the Ministry of Energy Uzbekistan have signed an agreement to develop a 1-gigawatt (GW) wind farm in the Mingbulak region of the country. The company said that this new wind farm is likely to create 1,000 jobs during construction and 60 […] Read more
Disincentivizing Solar, Battery Sectors In US Can Cost Billions: Report Updated On Thu, Nov 7th, 2024 by Saurenergy A special report from Net Zero Industrial Policy Lab said that the elevation of Donald Trump as the new President of the United States (US) may affect the solar and battery manufacturing sectors. The report said that disincentivising US solar and battery manufacturing could cost billions and open new supply chain markets for the competitors. […] Read more
IFC Invests $400Mn To Support Bajaj Finance Climate Fundraising Updated On Thu, Nov 7th, 2024 by Saurenergy The International Finance Corporation (IFC), the World Bank’s private sector focused entity that offers investment, advisory, and asset-management services recently partnered with NBFC Bajaj Finance Limited (BFL) to invest $400 million. This is part of a $1 billion fundraising initiative by BFL. BFL raised IFC’s $400 million loan to expand financing options for customers buying […] Read more
Trina Solar Sells 5GW US Module Manufacturing Plant To Freyr Battery Updated On Thu, Nov 7th, 2024 by Saurenergy In a key development, Norwegian battery cell major Freyr Battery has announced an agreement to acquire the U.S. solar manufacturing assets of Trina Solar Co Ltd . Trina has been a global top 5 solar manufacturer and a key part of China’s solar push worldwide. Expected to close around year end 2024, it will create […] Read more
Solar Manufacturing Cuts Silicon Use By 88%, Makes Solar Affordable: Report Updated On Wed, Nov 6th, 2024 by Saurenergy Globally, solar energy has soared, from 1.22 GW in 2000 to 1,418.97 GW in 2023, with solar manufacturing projected to exceed demand, making solar more affordable. Solar jobs have followed suit, which have surged to 7.1 million, and global capacity is also expected to see gains, reaching 7,203 GW by 2030. The International Solar Alliance […] Read more
