US FERC Approves 810 MW Offshore Wind Project To Connect Into NYC Grid Updated On Thu, Mar 14th, 2024 by Saurenergy Equinor announced that the Federal Energy Regulatory Commission (FERC) in the US approved on March 1 the Large Generator Interconnection Agreement (LGIA) executed between the company’s Empire Wind 1 project, New York ISO (NYISO) and Consolidated Edison Company of New York. The announcement marks the first FERC approval for any offshore wind project to connect […] Read more
Primergy Secures PPA With Microsoft For 408 MW Solar Project In Texas Updated On Tue, Mar 12th, 2024 by Saurenergy US-based solar and storage project developer Primergy announced that it has closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas. The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant. “The successful completion of this financing […] Read more
Schneider Electric, ENGIE Enter Tax Credit Transfer Agreement Under IRA Updated On Thu, Feb 22nd, 2024 by Saurenergy Schneider Electric, a digital energy and automation manager company recently announced its investment in a portfolio of Texas-based clean energy projects. Through this, it utilized a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE). The contracted projects are expected to come online throughout […] Read more
GlobalFoundries, Biden Admin Announces $1.5 Bn Funding For CHIPS & Science Act Updated On Tue, Feb 20th, 2024 by Saurenergy The US Department of Commerce recently announced $1.5 billion in planned direct funding for GlobalFoundries (GF) as part of the US CHIPS and Science Act. GF claims to expand and create new manufacturing capacity through this investment. It estimates to expand it capabilities and securely produce more essential chips for automotive, IoT, aerospace, defense, and […] Read more
In 2023 China EV Witnessed 35% Rise YoY: Rystad Updated On Mon, Feb 12th, 2024 by Saurenergy Rystad, an energy research and business intelligence company recently shared insights on the ongoing trend in the electric vehicle (EV) market in 2024. According to the Rystad report, “The electric vehicle (EV) market is on track in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty.” Rystad Energy research forecasts, […] Read more
North America Witnesses Rise in 2023 Solar PPA Prices, Europe Registers Downfall: Report Updated On Thu, Feb 8th, 2024 by Saurenergy LevelTen, an analyst in the energy market sector, has noted that prices of Power Purchase Agreements (PPAs) in North America have risen over the course of time while that in Europe has decreased with time. The analyst, LevelTen also added in its report that the increase in price across North America has varied as per […] Read more
China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
European EV Sales Increased To 16.3% From 12.9% YoY: EIA Updated On Thu, Feb 1st, 2024 by Saurenergy A recent report by the US energy agency EIA found an increase in the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States. It rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, […] Read more
US Announces Investing $254mn To Decarbonize Domestic Manufacturing Updated On Mon, Jan 29th, 2024 by Saurenergy The Department of Energy (DOE) of the United States (US) recently announced that it would invest $171 million in 49 projects across 21 states. This announcement supported United States (US) President Biden’s ‘Investing In America’ agenda. The announcement stated, “This investment aimed to give new funding opportunity to advance next-generation technologies to cut emissions and […] Read more
