Pexapark Infused with Funding Worth €20m in Series C Round Updated On Tue, Sep 26th, 2023 by Saurenergy Pexapark, a Switzerland-based firm that helps make PPAs for renewables, has been injected with funding worth €20m in Series C round. The fresh funding round was led by Telstra Ventures, a global investor in technology. It also saw participation from Swisscom Ventures and the A&G Energy Transition Tech Fund. “This fresh injection of capital takes […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] Read more
EIB’s €200 Million Loan To CTP To Finance Its Ambitious Solar Energy Roll-Out Updated On Thu, Sep 21st, 2023 by Saurenergy European renewable energy conglomerate CTP has announced that it has secured €200 million in financing from the European Investment Bank (EIB) for the roll-out of its large-scale programme of solar panel installation across its European business park portfolio. CTP is Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable […] Read more
What Is Delaying Commissioning of India’s 96 GW Under-Construction RE Projects? Updated On Wed, Sep 20th, 2023 by Saurenergy A quarterly report by the Central Electricity Authority (CEA) for the period ending July 31 claims that renewable energy projects of up to 96 Gigawatt (GW) are under construction in the country. These projects are related to the renewable energy projects tendered through the Solar Energy Corporation of India (SECI) and other central public sector […] Read more
RPO Non-Compliance Penalty Should Be Higher: Prayas Energy Group Updated On Fri, Sep 15th, 2023 by Saurenergy Pune-based energy think tank Prayas Energy Group has urged the Maharashtra Electricity Regulatory Commission (MERC) to consider keeping the penalty for non-compliance of Renewable Purchase Obligation (RPO) higher. The think tank expressed its views in connection with the MERC draft (RPO, Its Compliance and Implementation of Renewable Energy Certificate Framework (First Amendment) Regulations 2023. RPO […] Read more
ENEL Adds Battery Storage As Texas Grapples With Extreme Demand Swings Updated On Fri, Sep 15th, 2023 by Saurenergy Enel North America, a key energy utulity in the US and Canada, has more than tripled its operational utility-scale storage capacity this summer by bringing five new battery energy storage systems (BESS) online in Texas. The new batteries add over 369 MW / 555 MWh of dispatchable energy storage to the Texas power grid, helping increase grid […] Read more
Battery Swapping Can Reduce EV Costs Drastically: Kavinder Khurana, MD, TeslaPower Updated On Mon, Sep 11th, 2023 by Saurenergy Why Tesla Power USA invested in India. How much potential do you see here? Tesla Power USA is a United States (US)-based entity. It has invested heavily in battery rejuvenation technology. The company was launched in India in September 2021. Globally, it operates in 18 countries. It includes four countries in Latin America, seven in […] Read more
US On Course For Record 32 GW Solar Capacity Additions in 2023 Updated On Fri, Sep 8th, 2023 by Saurenergy A new report from the US solar lobby Solar Energy Industries Association (SEIA) and Wood Mackenzie predicts a record addition of 32 GW of new capacity in 2023, a 52% increase from 2022. The US Solar Market Insight Q3 2023 report paints a positive picture of growth for the sector, especially with the IRA (Inflation Reduction Act) […] Read more
H1 Revenues and Growth Powered By Global Expansion For Chinese Solar Majors Updated On Mon, Sep 4th, 2023 by Saurenergy While protectionist moves in key global markets might be a factor in a couple of years or earlier, for now, Chinese solar manufacturers offering critical solar equipment are enjoying their day in the sun. Key players are all delivering record numbers, thanks to capacity increases and steady prices. H1 figures coming from firms across the […] Read more
