US At Risk Of Falling Behind RE Target Post-IRA: Report Updated On Thu, Feb 22nd, 2024 by Saurenergy A collaborative report on clean energy released by the Rhodium Group, in partnership with the Massachusetts Institute of Technology (MIT), states that despite reaching record levels of investment in utility-scale clean electricity generation and storage capacity in 2023, the US has a risk of falling behind post-IRA (Inflation Reduction Act) projections. While renewable electricity has […] Read more
PSP Emerges Cost Competitive To BESS: CareEdge Ratings Analysis Updated On Thu, Feb 22nd, 2024 by Saurenergy CareEdge Ratings a research-based company in its recent estimate for this year found PSP and BESS to be two leading technologies for energy storage. The CareEdge report found that Pumped Storage Projects (PSP) and Battery-Energy Storage Solutions (BESS) technology can become leading technologies in the mainstream mediums for energy storage. It holds the potential to […] Read more
ACWA Power, L&T Select Nextracker’s Trackers For Saudi Solar Park Updated On Wed, Feb 21st, 2024 by Saurenergy Solar tracker and software solutions company Nextracker announced it was selected by ACWA Power and Larsen & Toubro Limited (L&T) to provide its all-terrain tracker NX Horizon-XTR a 1.17 GW installation at Al Kahfah Solar Power Plant, a strategically important renewable energy project in Saudi Arabia’s Central Province that is part of the National Renewable […] Read more
Karnataka Set To Install 40,000 Solar Pumps Under PM-KUSUM Updated On Wed, Feb 21st, 2024 by Saurenergy Karnataka 2024 Budget released some key initiatives to support the solar sector such as through the installation of solar pumps. The 2024 budget emphasized some key initiatives to make farmers self-sufficient. The Karnataka government will install 40,000 off-grid solar pump sets under the PM-KUSUM Component-B scheme. It plans to do so at an estimated cost […] Read more
Enviromena Wins Contract To Repower Three Major Solar Farms In UK Updated On Tue, Feb 20th, 2024 by Saurenergy UK-based Clean energy solutions company Enviromena has won a contract to repower three major solar farms in the UK ahead of the peak generation months this summer including Halse Solar Farm in Taunton; Horsacott Solar Farm in Barnstaple and Jordanston Solar Farm in Tenby, which are all government subsidy accredited sites with a combined capacity […] Read more
Sembcorp RE Acquisition In China, India Rose By 42% YoY In 2023 Updated On Tue, Feb 20th, 2024 by Saurenergy Singapore-based Sembcorp Industries (Sembcorp) recently posted a strong performance for the year of 2023 (FY2023). They recently announced that they made a turnover of S$7.0 billion compared to S$7.8 billion in FY2022. Sembcorp said, “The group net profit before exceptional items (EI) grew 38% year-on-year to S$1.0 billion from S$739 million in FY2022, with higher […] Read more
Goa State Industries Association (GSIA) Eyes 20-MW Expansion In Rooftop Solar Updated On Tue, Feb 20th, 2024 by Saurenergy As Goa strives to increase the installed capacity of its solar power, the industry of the state also seems to be on the same path. In a key development, the Goa State Industries Association (GSIA) will be supporting local manufacturing units to get rooftop solar power plants. The objective of GSIA is to generate 20 […] Read more
Vareyn Solar Announces Foray Into Residential Solar Sector Updated On Mon, Feb 19th, 2024 by Saurenergy Turn-key solar EPC company Vareyn Solar Pvt. Ltd. has announced its foray into the residential sector in the solar power industry. This comes after the announcement of PM Suryodaya Yojana which was launched by the Centre on January 22, 2024. This scheme aims to install rooftop solar panels on the houses of middle and poor-class […] Read more
Assam Cuts Electric Vehicle Tax By 2 Percent Updated On Mon, Feb 19th, 2024 by Saurenergy Assam Government introduced 2% reduction in Motor Vehicle Tax and exemptions on registration fees for new electric vehicles in its recently released budget document for the 2024-25 session. State Government reviewed their commitment in last year’s budget, “The Apun Bahan scheme has been launched, providing male employees a 2% interest subsidy for diesel/petrol vehicles and […] Read more
