Midsummer Bags €38 M Grant to Build Thin Film Solar Roofs in Italy Updated On Tue, Nov 2nd, 2021 by Saurenergy Italian authorities have confirmed that Swedish manufacturer of thin film CIGS solar cells Midsummer will receive incentives of approximately €38 million in the form of grants and soft loans. These will go towards building a factory and commencing manufacturing lightweight, environmentally friendly thin film solar roofs in Bari, Italy, for the global market. The production […] Read more
Servotech Launches New Range of Solar Street Lights Updated On Tue, Nov 2nd, 2021 by Saurenergy LED and solar products manufacturer Servotech Power Systems has launched its new range of solar street lights to deliver high-quality illumination for outdoor spaces. This series includes two product variants Integrated and 2in1 solar street light which offers a luminous efficacy of over 105lm/W, a life expectancy of over 50000 hours, and an IP 66 […] Read more
Fossil-dependent Russia Finally Warms Up To Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, The Moscow Times reported industry experts as saying. Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the […] Read more
On MP Foundation Day, CM Announces Twin Schemes for Solar Power Updated On Tue, Nov 2nd, 2021 by Saurenergy Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced two new schemes on the 66th Foundation Day of the state, which was celebrated as Madhya Pradesh Utsav with the guiding theme of Atmanirbhar MP on Monday. The two new schemes included Kusum Yojana, under which cooperation will be provided to the local bodies for setting up […] Read more
Turkey Plans to Add 1000 MW Solar Capacity by 2022 Updated On Tue, Nov 2nd, 2021 by Saurenergy Turkey will increase the share of renewable sources in energy production starting from 2022, Yeni Shafak, a leading local daily has reported. The highest capacity rise for 2022 is expected to be seen in solar energy production with around 1,000 megawatts, the report added. The Energy and Natural Resources Ministry’s strategic plan for 2023 aims […] Read more
Microinverter-maker Enphase Energy Earns $351.5 M Revenue in Q3FY21 Updated On Fri, Oct 29th, 2021 by Saurenergy California-based supplier of microinverter-based solar and battery systems Enphase Energy has released its financial results for the third quarter of 2021, reporting quarterly revenue of $351.5 million, along with 40.8% for non-GAAP gross margin. The company shipped approximately 2,599,575 microinverters, or 913 megawatts DC, and 65 megawatt hours of Enphase Storage systems during this period. […] Read more
Expect Tariff Hike by 20-25 Paise/Unit in Upcoming Solar Bids: ICRA Updated On Thu, Oct 28th, 2021 by Saurenergy The increase in module prices and the recent hike in GST rate for solar power equipment from 5% to 12% is likely to increase the tariffs in the forthcoming solar bids by ~20-25 paise per unit from the levels seen over the past six months, finds a new ICRA report. Nonetheless tariffs are likely to […] Read more
Invest in RE in Developing Nations for Global Energy Transition: Study Updated On Thu, Oct 28th, 2021 by Saurenergy A new report by BloombergNEF (BNEF) and the Climate Investment Funds details how private capital has been successfully leveraged to support renewable energy growth in developing nations – and offers specific insights on how to grow such investment further in key markets. The insights are published as the contentious question of how wealthier nations can […] Read more
Clean Energy Index Launched In Bloomberg, Goldman Sachs Collaboration Updated On Thu, Oct 28th, 2021 by Saurenergy Bloomberg and Goldman Sachs Asset Management have announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. […] Read more
