EU Finalizes Net-Zero Industry Act, Boosts Green Technology Deployment Updated On Wed, Feb 7th, 2024 by Saurenergy The Council and the European Parliament recently reached a provisional deal on the regulation establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem, better known as the ‘Net-Zero Industry Act’ (NZIA). Under the agreement, there will be a single list of net-zero technologies, with criteria for selecting strategic projects in those […] Read more
Solar Power Generation In Europe To Rise by 50 TW in 2024, Germany To Lead The Way Updated On Mon, Feb 5th, 2024 by Saurenergy The solar photovoltaic (PV) energy generation will spike by about 50 terawatt-hours (TWh) in 2024 in Europe due to major capacity installations across the region, predicts a report by Rystad Energy. The report also suggests that Wind power generation is also expected to increase in 2024. However, the growth rate will not match last the […] Read more
European Solar PPA Market Witnesses 65% Increase From 2022: Pexapark Updated On Mon, Feb 5th, 2024 by Saurenergy A recent report by Pexapark on European market outlook found the European PPA market recorded a 65% Increase in solar PAA from 2022, due to stabilising environment in deal-making, over the past twelve months. Pexapark in its report mentioned, “Our PPA Tracker recorded a 16.2GW of disclosed contracted volumes – an increase of more than […] Read more
Finnish New WaveRoller Technology Contributes To EU RE Capacity Updated On Fri, Feb 2nd, 2024 by Saurenergy Finnish enterprise AW-Energy has recently successfully developed a wave farm project that converts ocean wave energy to electricity through WaveRoller technology. The machine operates in near-shore areas (approximately 0.3-2 km from the shore) at depths of between 8 and 20 meters. The commission mentions about the waveroller technology, “Depending on tidal conditions, it’s mostly or […] Read more
Hyundai, Iveco Collaborate To Supply Electric Commercial Vehicle To Europe Updated On Thu, Feb 1st, 2024 by Saurenergy Hyundai Motor and Iveco Group recently signed a supply agreement for IVECO-badged all-electric light commercial vehicles. This agreement is undertaken to supply electric vehicle for Europe based on Hyundai’s Global e-LCV platform. Through this agreement, the new vehicle will join Iveco Group’s electric light commercial vehicle lineup, enhancing the group’s LCV portfolio alongside the IVECO […] 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
Pexapark’s European Market Outlook 2024-More Utility, Hybrid PPAs In Offing Updated On Wed, Jan 31st, 2024 by Saurenergy Switzerland-based Pexapark, a specialist provider of Power Purchase Agreement (PPA) price reference, risk and portfolio management software and advisory services for renewable energy, has some interesting predictions for 2024, when it comes to Europe. In its latest European Market Outlook 2024 Report, the Pexapark predicts that Germany will be back on top in 2024 with […] Read more
European Energy Signs PPA With Australian firm Rio Tinto For 1.3 GWp Solar Farm Updated On Wed, Jan 24th, 2024 by Saurenergy A Power Purchase Agreement (PPA) has been signed between the renewable energy company European Energy and Australia-based mining company Rio Tinto. The agreement aims to supply all the energy from the upcoming solar farm Upper Calliope Solar Farm to Rio Tinto. The agreement between European Energy and Rio Tinto is touted as the biggest solar […] Read more
Battery Electric Cars Sales In EU Increase By 55%: Eurostat Updated On Wed, Jan 24th, 2024 by Saurenergy Europe Union (EU) witnessed a rise in the sale of battery-only electric passenger cars in 2022 reveals the data shared by Eurostat, which is the statistical office of the European Union. It also showcased an increase in the number of battery-only electric passenger cars in the EU. It stated, “Battery-only electric passenger cars in the […] Read more
