Battery And EV Maker BYD Profit Up 162% in 2020, On Increased Demand Updated On Tue, Mar 30th, 2021 by Saurenergy The China-based automotive subsidiary of BYD, BYD Auto Co., Ltd. reported stellar profit numbers, up 162 percent for the year 2020, yesterday. The sharp profit growth are on the back of increased demand worldwide for its electric vehicles, especially buses, where it is a global leader. BYD’s net income reached 4.2 billion yuan or USD […] Read more
Berlin-based Betteries Closes €2.1m Seed Funding Round to Upcycle EV Batteries Updated On Tue, Mar 30th, 2021 by Saurenergy Betteries, a startup based in Berlin which upcycles electric vehicle (EV) batteries into affordable power systems, announced that it has successfully closed its Euro 2.1m seed funding round led by impact funds Factor[e] Ventures and Beyond Black. Speaking of this investment achieved, CEO and founder of betteries, Dr. Rainer Hönig stated, “This seed round is […] Read more
Ørsted Commences Construction of its Largest Onshore Project Updated On Tue, Mar 30th, 2021 by Saurenergy Ørsted announces final investment decision on the combined wind and solar PV project Helena Energy Center in South Texas and integrates the US trading team into the Onshore business. Ørsted has taken a final investment decision on its largest onshore project to date, the 518 MW hybrid wind and solar PV project, Helena Energy Center, […] Read more
Renew Power Starts 300 MW Gujarat Wind Energy Plant Updated On Fri, Mar 26th, 2021 by Saurenergy ReNew Power, a leader among renewable energy firms in India, has announced the commissioning of a 300 megawatt (MW) wind power generation facility in Gujarat. The project was previously awarded to ReNew’s operating subsidiary ReNew Wind Energy (AP2) Private Limited in a competitive E-reverse auction conducted by the Solar Energy Corporation of India (SECI). The […] Read more
UK Govt Announces Promising new Deal in Offshore Clean Energy Shift Updated On Thu, Mar 25th, 2021 by Saurenergy UK government has announced a new North Sea Transition Deal with the oil and gas industry. Under the new deal, the government has pledged that the high-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future. Providentially, this deal will support workers, businesses, […] Read more
JICA Signs Loan Agreement for JPY 10 billion with TCCL for Climate Change Management Project in India Updated On Thu, Mar 25th, 2021 by Saurenergy Japan International Cooperation Agency (JICA) signed a Loan Agreement for a maximum amount of JPY 10 billion with Indian Non-Banking Financial Company, Tata Cleantech Capital Limited (TCCL) to support the company to offer loans to businesses across India that focus on renewable energy generation, e-mobility solutions as well as energy efficiency, to help mitigate the […] Read more
RERC Yields to Objections, Extends Net-Metering Benefits Till June 30 Updated On Thu, Mar 25th, 2021 by Saurenergy RERC has now announced that all rooftop solar Net-Metering agreements upto June 30, 2021, will be honoured for their contract durations. The Rajasthan Electricity Regulatory Commission (RERC) has announced that after receiving comments and objections from stakeholders on its draft Regulations for Grid-Interactive Distributed Renewable Energy Generating Systems, 2020, it will now work again on […] Read more
Europe’s Energy Storage Market Expected to Double in 2021: EMMES 5.0 Updated On Thu, Mar 25th, 2021 by Saurenergy According to a report released by the European Association for Storage of Energy (EASE) and Delta-EE today, Europe‘s annual energy storage market is expected to reach 3 GWh in 2021 from 1.7 GWh in 2020, almost double the growth rate. The fifth edition of the European Market Monitor on Energy Storage EMMES 5.0, which report […] Read more
AGL Announces Construction of Grid-Scale Battery, Takes FID on 250 MW Project Updated On Thu, Mar 25th, 2021 by Saurenergy Australia based integrated essential service provider AGL energy has announced that the construction of a 250 megawatt (MW), one-hour duration grid-scale battery at Torrens Island will begin this year, following AGL’s final investment decision (FID) on the project. South Australia is leading the way in the rollout of AGL’s 850 MW network of grid-scale batteries […] Read more
