Iberdrola Secures €550 Million Loan For Renewable Projects In Spain Updated On Tue, Jul 26th, 2022 by Saurenergy Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […] Read more
Cypress Creek Acquires 400 MW Storage From Black Mountain Updated On Tue, Jul 26th, 2022 by Saurenergy USA-based renewable energy player Cypress Creek Renewables has added 400MW/600MWh to its storage portfolio after acquiring four Texas standalone energy storage projects from Black Mountain Energy Storage (BMES). The projects, each 100MW, are located throughout the Electric Reliability Council of Texas (ERCOT) market and are currently under development. Cypress Creek said that it will continue […] Read more
Centre Gives States A New Green Power Mandate To Encourage RPO Compliance Updated On Mon, Jul 25th, 2022 by Saurenergy The Union Government has asked state governments to meet a quarter of their power demand through renewable energy sources in the current year, which can be scaled to 47 % in the following eight years. Although consistent with India’s clean energy commitments, the new trajectory of the Union Government will be difficult for the already […] Read more
Electrolux, SolarizEgypt to Cooperate In Solar Sector in Egypt Updated On Mon, Jul 25th, 2022 by Saurenergy World’s leading manufacturer and supplier of electrical appliances, Electrolux has announced entering into an agreement with SolarizEgypt for the establishment of a solar power plant at its factory. Electrolux said that the renewable energy will be utilized to produce washing machines, refrigerators, Delta electric water heaters, and stoves. As per the official statement, the pact […] Read more
MERC Turns Down Tata Power Petition Seeking Approval Of Part Commissioning Of Wind Power Project Updated On Fri, Jul 22nd, 2022 by Saurenergy The Petition Tata Power Ltd- Distribution (TPC- D) had filed a petition on March 31, 2022 seeking relaxation of the Request for Selection (RFS) norm and approval for the partial commissioning of 96.15 MW of wind power from a 225 MW Long Term Hybrid Project (RPO). The MERC Mandate As per the mandate of […] Read more
EDP To Add Battery Storage To Floating Hydro-Solar Hybrid Plant In Portugal Updated On Fri, Jul 22nd, 2022 by Saurenergy Hybrid renewable energy projects are on the rise the world over and in the latest addition to this expansion is the combination of a hydropower and floating solar power in Portugal. The Portuguese utility firm Energias de Portugal (EDP), which has developed the hybrid project, has announced that it will add an energy storage system […] Read more
China’s Solar Power Installations Touch Record High Of 31 GW In First Half Of 2022 Updated On Fri, Jul 22nd, 2022 by Saurenergy Installing solar power projects at breakneck speed, China built nearly 31 GW from January to June 2022. This is 137% more than last year during the same period. This trend, unless stopped midway, is extrapolated to clock between 75 GW and 90 GW by the end of this year. According to Wang Bohua, the honorary […] Read more
The Success Determinants For Future In Electricity Sector With Low Carbon Emissions Updated On Wed, Jul 20th, 2022 by Saurenergy A report on the ‘success determinants for a future in the electricity sector with low carbon emissions’ has been released by Deloitte. In the study, Deloitte has emphasized how renewable energy sources are anticipated to provide 95% of the net increase in the world’s power capacity between now and 2025. This development is brought about […] Read more
India’s RE Capacity Stands At 114 GW Till June, 61 GW Short Of 2022 Target Updated On Wed, Jul 20th, 2022 by Saurenergy The Members of Parliament were separately informed by the Ministers of New and Renewable Energy in the Parliament on July 19 that India’s renewable energy capacity (excluding large hydro) stood at 114.07 GW till June-end this year, while 60.66 GW of projects are under various stages of development. India has set a target of having […] Read more
