$151 Bn for Fossil Fuels, Only $89 Bn for RE in COVID-19 Recovery Packages Updated On Thu, Jul 16th, 2020 by Saurenergy A new report shows that total commitments for fossil fuels reached USD 151 billion from G20 governments, and only USD 89 billion for clean energy. A new report shows that during the global pandemic, total commitments in support of fossil fuels reached at least USD 151 billion from G20 governments. Of which, only 20 percent made financial support […] Read more
After 25 GW Capacity Target, Renew Power to Enter Cell Manufacturing Updated On Thu, Jul 16th, 2020 by Saurenergy Update: Sumant Sinha, Chairman and Founder at Renew Power, has confirmed that the firm will be entering into manufacturing of solar cells, with an initial capacity of 2000MW . Close on the heels of plans to grow total installed capacity to 25,000 MW in 5 years, comes a report in The Economic Times that Renew […] Read more
Solar to Push Much of Remaining Coal Fleet in Texas Offline: IEEFA Updated On Wed, Jul 15th, 2020 by Saurenergy New utility-scale solar will push much of remaining coal-fired power fleet across Texas into retirement in the next few years, finds a new report by IEEFA New utility-scale solar is poised to push much of the remaining coal-fired power fleet across Texas into retirement in the next few years, finds a new report by the […] Read more
Firms Turning to Renewables to Power Oil & Gas Operations: IHS Markit Updated On Tue, Jul 14th, 2020 by Saurenergy A new report has revealed that oil and gas field operations are beginning to be fuelled by a surprising source – renewables. A new report has revealed that oil and gas field operations are beginning to be fuelled by a surprising source – renewables. According to new research by IHS Markit, oil and gas companies […] Read more
Buoyed by Offshore Wind, Renewable Investments in 1H 2020 Climb 5%: BNEF Updated On Tue, Jul 14th, 2020 by Saurenergy Renewable investments showed great resilience in the first half of 2020 against the economic slowdown due to the COVID-19, thanks to offshore wind energy. Renewable energy capacity investments showed great resilience in the first half (1H) of 2020, in the face of the unprecedented economic shock caused by the coronavirus pandemic, according to the latest […] Read more
Reliance and bp Form Partnership for new Indian Fuels and Mobility Updated On Fri, Jul 10th, 2020 by Saurenergy bp and Reliance Industries Limited have announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). bp and Reliance Industries Limited (RIL) have announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, the two teams […] Read more
Funding Boost for Electric Vehicle Startup Earth Energy EV Updated On Fri, Jul 10th, 2020 by Saurenergy Earth Energy EV, an electric vehicle startup has announced that it has raised an undisclosed amount of funding in its latest seed funding round. Maharashtra-based Earth Energy EV, an Electric Vehicle (EV) startup has announced that it has raised an undisclosed amount of funding in its latest seed funding round. That was led by LR Joshi, […] Read more
Nearly 14 GW of Wind Turbine Capacity Ordered Globally in Q1 2020: WoodMac Updated On Thu, Jul 9th, 2020 by Saurenergy Q1 2020 saw nearly 14 GW of wind turbine capacity ordered globally, the second-highest first quarter on record, and equates to USD 13.4 billion. The first quarter (Q1) of 2020 saw nearly 14 GW of wind turbine capacity ordered globally. This is the second-highest first quarter on record and equates to an estimated USD 13.4 […] Read more
Sterling and Wilson Solar Board Pushes for Security From Promoters Updated On Thu, Jul 9th, 2020 by Saurenergy The board of Sterling and Wilson Solar has asked company promoters to provide necessary security in respect of default on the loan installment of Rs 500 crore that was due on June 30. This was communicated by the firm in a release yesterday. The firm, which has been struggling with the issue of its promoters […] Read more
