EU’s Net Zero Industry Act Set To Boost Technology Production In Europe Updated On Wed, Nov 22nd, 2023 by Saurenergy The European Union, (EU) Parliament, recently adopted legislation to bolster Europe’s manufacturing output in technologies for decarbonisation. The announcement of the “Net-Zero industry act” has sets the target for Europe to produce 40% of its annual deployment needs through net-zero technologies by 2030. The new legislation of the EU is based on National Energy and […] Read more
EU Witnessed Signing 7.1GW Of PPAs Till September 2023: EY Report Updated On Wed, Nov 22nd, 2023 by Saurenergy A report by Ernst & Young (EY) provided an update on the Renewable Energy Countries Attractiveness Index (RECAI), focusing specifically on offshore wind energy. According to the report, India maintained its 16th position, consistent with the previous year. India’s technological standing in Concentrated Solar Power (CSP) is noted at 34.3, while solar Photovoltaic (PV) is […] Read more
Growth Of EV Market Highest In China, EU, Says WRI Report Updated On Tue, Nov 21st, 2023 by Saurenergy Global energy think tank World Resource Institute (WRI), in its recent report on ‘State of Climate Action’, highlights that the share of electric vehicles (EV) in passenger car sales has grown at an average annual rate of 65%. It’s a rise from 1.6% of sales in 2018 to 10% in 2022. For the first time in […] Read more
Five Clean Energy Sectors Employ Around 9 million Workers: IEA Report Updated On Thu, Nov 16th, 2023 by Saurenergy A latest report from the International Energy Agency (IEA) titled World Energy Employment (WEE) 2023 mentions five sectors that employ around 9 million workers today. Among these sectors, solar PV is reported to be the largest, creating around 4 million jobs. On the other hand, manufacturing of EVs and their batteries has reportedly been the […] Read more
EU’s Grid Infrastructure Needs 200 GW Battery Storage: Report Updated On Tue, Nov 14th, 2023 by Saurenergy The Solar Power Europe report on the use of storage in grid, and the importance of developing supportive energy policy talked about several aspects of the grid infrastructure in the European Union (EU). It underscored the key recommendations for strengthening the EU grid policy to drive transformative changes in the energy landscape for battery storage. […] Read more
EU, US Frontrunners In Offshore Wind Patents: IRENA Report Updated On Fri, Nov 10th, 2023 by Saurenergy A latest joint report from the International Renewable Energy Agency (IRENA) and the European Patent Office (EPO) claimed that patents over offshore wind technologies are on the rise globally. The report titled; Offshore Wind Energy Patent Insights Report showed that between 2002-2022 patent filings for offshore wind technologies grew on average by 18%. This growth […] Read more
EU Solar Market Faces Challenges From China and US: ESIA Report Updated On Wed, Nov 8th, 2023 by Saurenergy The European Union’s (EU) industry association body, the European Solar PV Industry Alliance (ESIA), released a report that evaluates factors that can contribute to the de-risking and scaling up of Europe’s solar PV manufacturing. The alliance evaluates the factors affecting European industries, aiming to achieve the goal of 30 GW of domestic manufacturing capacity by 2025 and the EU’s […] Read more
US, EU and Japan Lead in Carbon Capture and Storage Usage: Report Updated On Wed, Nov 1st, 2023 by Saurenergy The European Union (EU) released a report sharing an ongoing trend in the usage of CCUS (Carbon Capture Utilization and Storage). The report gives an assessment of 2022 global industry. The report states that the CCUS industry witnessed an increase in storage capacity by 44% over the year. However, the report anticipates that the cost […] Read more
Solar Exports From India to USA Will Keep Rising Till 2025: IEEFA Updated On Mon, Oct 30th, 2023 by Saurenergy A study by the Institute for Energy Economics and Financial Analysis (IEEFA) states that India’s solar photovoltaic (PV) module exports to the United States of America (the U.S.) are likely to keep rising for another couple of years before stagnating from 2025 and declining from 2027. It adds that following the implementation of the Inflation Reduction […] Read more
