Solar Became Cheapest Fuel Source For Newly-Built Power Systems: EY Updated On Thu, Dec 7th, 2023 by Saurenergy The latest report by Ernst and Young (EY) claimed that solar energy emerged as the cheapest fuel source for newly built power systems globally, fueling a faster energy transition. The report said that despite the challenges like inflation and price rises, solar power seemed to be the leader. It claimed that with its lowest Levelized Cost […] Read more
Global Solar Capacity Can Touch 75,000 GW by 2050 With Energy Storage: ISA Updated On Wed, Dec 6th, 2023 by Saurenergy A latest report from the International Solar Alliance (ISA) and Long-Distance Energy Storage (LDES) Council projects a target of 75,000 gigawatts (GW) of solar capacity by 2050. Their target is to provide long-term energy storage to fully realize the potential of these solar installations for complete decarbonization. LDES is estimated to become a $4 trillion […] Read more
EU Action Plan Proposes 40% Investment In Electricity Grids Till 2030 Updated On Wed, Nov 29th, 2023 by Saurenergy The European Union (EU) Commission released an ‘Action Plan’ which supports the European Green Deal. The Commission’s proposed action plan aims at supporting the Europe’s electricity demand, which is expected to increase by 60% till 2030. The prosed system is expected to help deliver a digitalized, decentralized and flexible system. It claims to accommodate millions […] Read more
JA Solar Passes EPD Tests For Its N-Type Solar Products Updated On Thu, Nov 23rd, 2023 by Saurenergy China-based solar module manufacturer JA Solar recently completed Environmental Product Declaration (EPD) assessments for multiple product lines through the French institution Kapstan, resulting in registration on the EPD systems of Norway and Italy. The p-type series products and the whole n-type DeepBlue 4.0 Pro products under JA Solar have successfully passed the EPD assessment in […] Read more
Australia Aims To Hike Its Power Capacity To 32 GW With New Investment Updated On Thu, Nov 23rd, 2023 by Saurenergy The Australian government recently announced the expansion of its existing Capacity Investment Scheme (CIS) and the National Energy Transformation Partnership (NETP), in conjunction with the states. It is set to expand the capital investment through CIS from the current pilot stage to 9 GW of dispatchable capacity and 23 GW of variable capacity nationally – […] Read more
China Belt & Road Initiative Brings 128GW Power Capacity: Wood Mackenzie Updated On Thu, Nov 23rd, 2023 by Saurenergy A latest report from Wood Mackenzie said that Chinese companies completed over 300 overseas power projects. This was despite challenges causing over 20% of projects to be cancelled or shelved. The report said that these Chinese firms have made an estimated investment value of around US$200 billion, over these 300 projects. The East Asian country […] Read more
US Continues Clean Energy Support With $3.5 Billion For Battery Manufacturing Updated On Fri, Nov 17th, 2023 by Saurenergy As part of its Bipartisan Infrastructure Law, the Biden administration in the US has announced a new round of federal funds to underpin a strong domestic manufacturing. Administered by the Department of Energy (DoE) this $3.5 billion package is the second part of a large $6 billion-plus program that started awarding funds to applicant firms […] Read more
Saudi Power Procurement Firm Issues Tender for 3.7GW PV Projects Updated On Tue, Nov 14th, 2023 by Saurenergy Saudi Arabia has issued a tender inviting bids for solar projects under four new PV initiatives. Together these initiatives will account for solar energy worth 3.7 GW under the National Renewable Energy Programme (NREP). The Saudi tender has been issued by Government-owned entity, Saudi Power Procurement Company (SPPC). The Saudi tender’s RFQ encompasses four projects, […] Read more
Global Solar Investments Increased By 2% In Last 8 Years: Report Updated On Mon, Nov 6th, 2023 by Saurenergy A latest report by the International Solar Alliance (ISA) stated that global investment in solar increased by an average of around 2 percent over the last eight years. It added that, on the contrary, fossil fuels are still receiving a major share at nearly a trillion dollars annually. The report put the investment in the global energy sector […] Read more
