European Union Plans to Become Carbon Neutral by 2050 Updated On Sat, Dec 1st, 2018 by Saurenergy The road to a climate neutral economy would require joint action in seven strategic areas: energy efficiency; deployment of renewables etc,. Committing to make Europe carbon neutral by 2050, European Union has adopted a long-term strategy to make EU the first major climate neutral economy. “The strategy shows how Europe can lead the way to […] Read more
Siemens Bags Wind Turbine Order for 263 MW in Four Countries Updated On Fri, Nov 30th, 2018 by Saurenergy The type of turbines that will be supplied will be within a performance range between 2.3 and 4.1 MW, the company said in a statement. Siemens Gamesa Renewable Energy (SGRE) has announced securing major turbines order, total 263 MW spread across Sweden, Norway, Germany and Turkey. The type of turbines that will be supplied will […] Read more
Green Bank Network Earmarks $10 Billion for Green Projects Updated On Fri, Nov 30th, 2018 by Saurenergy Green Bank members invest across multiple technology platforms such as wind, utility, and small-scale solar, energy efficiency, low-carbon transport etc,. Green Bank Networks, specialized financial institutions involved in financing green projects, are expected to shell out $41 billion in as capital for projects around the globe. Green Bank members invest across multiple technology platforms such […] Read more
Hungary Plans to Fully Rely on Renewable Energy by 2030 Updated On Fri, Nov 30th, 2018 by Saurenergy An estimated drop of 30% in the prices of photo-voltaic modules will give Hungary an opportunity to meet its renewable energy targets. Setting the right precedent, Hungary has announced that it aims to phase out the use of coal by 2030 and will be fully reliant on renewable energy for country’s energy needs. With a […] Read more
Rise of Renewable Energy to Put Competitive Pressure on Coal Plants: Fitch Updated On Thu, Nov 29th, 2018 by Saurenergy The report further said that the share of renewable energy sector will be further boosted by falling technology cost and increasing availability of cheaper finance. Despite the dominance of coal as a major source of electricity, a steady shift towards renewable energy is slated create competitive pressure on some thermal power plants, especially in developing […] Read more
European Commission Approves 600 Million Euros in State Aid to French Solar Projects Updated On Thu, Nov 29th, 2018 by Saurenergy The approval has been given under EU State aid rules which prohibits financial support by the government towards a business entity unless it is justified The European Commission has given its approval to a measure of providing stat sponsored financial support of 600 million euros innovative solar power installations in France. The approval has been […] Read more
Fortum to Install Sweden’s Biggest Battery to Support Grid Stability Updated On Wed, Nov 28th, 2018 by Saurenergy Over the past two years Fortum has tested a similar concept at its combined heat and power plant in Järvenpää. With a storage capacity of 6.2 megawatt-hours, Fortum will install Sweden’s biggest battery till date at Forshuvud hydropower plant. The battery system’s output is 5MW and the total cost of the system is approximately EUR […] Read more
JinkoSolar Hits Record High Shipment in Third Quarter Updated On Tue, Nov 27th, 2018 by Saurenergy Total revenues were $974.8 million, an increase of 10.5% from the second quarter of 2018 and an increase of 4.3% from the third quarter of 2017. JinkoSolar, a leading solar PV company, has announced its unaudited financial results for the third quarter that ended September 30, 2018. Total solar module shipments hit record high of […] Read more
Niger PM Brigi Rafini Inaugurates its First Ever Solar Plant Updated On Tue, Nov 27th, 2018 by Saurenergy Developed with the support of Indian government, the 7 MW facility is located near Malbaza, a rural village in central Niger. In a proud moment, Niger’s prime minister Brigi Rafini and the minister of energy Amina Moumouni have inaugurated the nation’s first solar power plant. Developed with the support of Indian government, the 7 MW […] Read more
