Angola Secures €1.29 Billion Loan for Renewable Mini-Grids and Grid Expansion Updated On Tue, Jul 4th, 2023 by Saurenergy Angola’s Ministry of Finance has secured a loan of €1.29 billion ($1.41 billion) through the assistance of Standard Chartered Bank, UK. This funding will be utilized to implement 48 solar photovoltaic (PV) and energy storage mini-grids across various rural areas across Angola. The primary objective of this initiative is to promote self-sufficiency in energy consumption […] Read more
Mini-Grids And The Rockefeller Experience Updated On Fri, Jun 30th, 2023 by Saurenergy Even as India made commendable progress connecting almost all households to the grid, the larger aim of 24×7 power for all is still some distance away. With a twin challenge of rising demand and the need to transition to a cleaner grid powered by renewables, the hopes of millions for continuous, dependable power are still […] Read more
World Bank Approves $200 Mn Loan to Himachal for RE Sector Reforms Updated On Wed, Jun 28th, 2023 by Saurenergy World Bank’s Board of Executive Directors has approved a $200 million loan for the Government of Himachal Pradesh to support power sector reforms in the state and increase the share of Renewable Energy (RE) in its electricity generation. The loan aligns with Himachal Pradesh’s objective of adding 10 GW of additional RE capacity to make […] Read more
AngloGold Ashanti Unveils Renewable Project with Storage at Tropicana Gold Mine in Australia Updated On Wed, Jun 28th, 2023 by Saurenergy Global mining company AngloGold Ashanti plans to build one of the largest renewable projects in Australia’s natural resource sector, the firm announced recently. The company’s subsidiary, AngloGold Ashanti Australia Ltd., has agreed with power developer Pacific Energy to construct and operate 62 MW of wind and solar generation capacity at the Tropicana gold mine site. […] Read more
SOFAR Unveils First Microinverter System Called PowerNano for Future Home Energy Updated On Mon, Jun 26th, 2023 by Saurenergy SOFAR, a global supplier of PV and ESS solutions, unveiled its latest technological innovation microinverter system, SOFAR PowerNano. The innovation made a debut at the ‘Powering Forward New Product Launch’ at Intersolar. Designed for the digital home energy of the future, PowerNano is suitable for all-scenario applications through a combination of microinverter, smart home hub […] Read more
Overcoming Climate Change Risks: India’s Quest to Expand Offshore Wind Power Updated On Fri, Jun 23rd, 2023 by Saurenergy India is banking on wind power expansion to meet close to a third of its 2030 renewables target, with solar accounting for most of the rest. Importantly, the country is finally actively pushing for offshore wind power as it aims to achieve 30 GW of offshore wind energy capacity by 2030. With one of the […] Read more
SKF Signs VPPA with Enel to Power One-Third of its European Operations Updated On Fri, Jun 23rd, 2023 by Saurenergy A firm that delves into industrial sustainability, SKF has signed a Virtual Power Purchase Agreement (VPPA) with Enel. The long-term agreement, forged with global energy company Enel, will enable SKF to purchase guarantees of origin from Enel’s forthcoming solar project in Spain over 15 years. The purchased guarantees of origin will match the electricity consumption […] Read more
S&P Commodity Insights Top 10 RE Market Trends in 2023 Updated On Wed, Jun 21st, 2023 by Saurenergy Commodity Market Solutions Firm S&P Global Commodity Insights released its white paper on ‘The Ten Cleantech Trends in 2023’, focusing on the technologies to reduce emissions and confront climate change. Following are the main takeaways from the cleantech trends 2023 from S&P Global Commodity Insights- 1. Declining Component Prices--Though the reduction in the component prices […] Read more
Countries Need More New RE Power To Achieve Global Climate Targets: Study Updated On Wed, Jun 14th, 2023 by Saurenergy A new analysis from Climate Analytics claimed that the world would need more new wind and solar power installations to limit global warming to 1.5°C. Climate Analytics is a global science and policy institute. The analysis said that the globe would need to add renewables up to five times faster by 2030 at a rate of 1.5 […] Read more
