IEA Forecasts 40% Drop In Battery Storage Costs By 2030 Updated On Fri, Apr 26th, 2024 by Saurenergy International Energy Agency’s (IEA) recent report on the use of batteries in electric vehicles (EVs) and battery storage installations has shown that developer costs of batteries will decline by 40% by 2030. The report was prepared after studying the use of solar PV plus batteries and found the total upfront costs of utility-scale battery storage […] Read more
EU Finally Withdraws From ‘Dated’ Energy Charter Updated On Thu, Apr 25th, 2024 by Saurenergy The European Parliament recently gave its approval to withdraw from European Union (EU) Energy Charter Treaty. This withdrawal was made after receiving recommendation of the Industry, Research, Energy and International Trade committees. This withdrawal was adopted by 594 votes to 7, with 15 abstentions. To complete the process, the parliament gave its consent to the […] Read more
First EOI For GREGY Interconnection Between Greece And Egypt Called Updated On Thu, Apr 25th, 2024 by Saurenergy The GREGY project, or Green interconnector between Greece and Egypt has moved one step ahead with the call forexpression of interest for studies on the project. ELICA Mediterranean Electrical Interconnection S.M. S.A., a member of Copelouzos Group, which is developing the GREGY electrical interconnection project, has published the first two calls for expression of interest […] Read more
Global PV Cumulative Capacity Rose To 1.6 TW In 2023: IEA Updated On Wed, Apr 24th, 2024 by Saurenergy International Energy Agency’s International Power Photovoltaic System Program (IEA-PVPS) recent report found the global PV cumulative capacity grew to 1.6 TW in 2023. IEA-PVPS a collaborative R&D Agreements established within the IEA in its recent study showed, “1 581 GW of minimum installed cumulative capacity was installed by the end of 2023. At least 407.3 […] Read more
Lack Of Incentives Keep EVs Unaffordable In Europe, Says ACEA Updated On Mon, Apr 15th, 2024 by Saurenergy The latest data from the European Automobile Manufacturers Association (ACEA) shared that affordability concerns are the major cause that hampers market uptake for electric vehicles (EVs). Despite European Union (EU) legislative efforts to reduce CO2 emissions from vehicles, a lack of initiatives at both EU and national levels prevents acceleration in market uptake of electric […] Read more
Australia Set To Release ‘Future Made In Australia Act’ Updated On Fri, Apr 12th, 2024 by Saurenergy Anthony Albanese, Prime Minister of Australia in his speech in Brisbane, Albanese announced plans for the Future Made in Australia Act to boost investment, create jobs, and capitalise on Australia’s strengths. He emphasized the importance of Queensland’s contribution to generating energy, skills, jobs, technology, and investment for future prosperity. He highlighted the need for every […] Read more
EU Probes Foreign Subsidies For Chinese Wind Turbines Updated On Wed, Apr 10th, 2024 by Saurenergy After the US, now European Union (EU) Commission recently announced the launch of an inquiry into Chinese suppliers of wind turbines under the new Foreign Subsidies Regulation. This announcement came as Chinese wind turbine manufacturers pushed hard and won some orders in Europe. They offered cheap turbines and generous finance which distorts the integrity of […] Read more
As Protectionist Walls Come Up, China’s Solar Giants Pin Hopes On Global Growth Updated On Fri, Apr 5th, 2024 by Saurenergy As India’s new ALMM (Approved List of Module Manufacturers) regime took effect on April 1, it was time for many Chinese suppliers, who enjoyed a rush of orders from India till as late as February 2024, to evaluate future plans for the country. Module sales are likely to slump now, with almost all projects covered […] Read more
Top 5 Solar Module Exporting Countries To The US Updated On Thu, Apr 4th, 2024 by Saurenergy Much seems to happening in the United States (US) when it comes to the addition and expansion of solar projects in the region. As per the latest forecast from the International Energy Agency (IEA), the US is likely to add 340 GW of renewable energy capacities over 2023-2028. The forecast from the IEA claims that […] Read more
