Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Vestas to Shut Down Three Offshore Wind Factories in Europe Updated On Tue, Sep 21st, 2021 by Saurenergy Wind turbine maker Vestas is shutting down three of its European factories in Germany, Spain, and Denmark as part of the integration of its offshore business. The Danish company intends to cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark. “Today’s fast-moving energy transition, rapid introduction of new products and recent integration […] Read more
Geothermal Power Push Points to Record Well Count in 2021: Rystad Updated On Mon, Sep 20th, 2021 by Saurenergy Renewed interest in the geothermal sector in recent years, which has seen oil and gas majors make investments in numerous startups, is set to see a new record in the number of wells drilled for power generation, surpassing 200 this year for the first time. Spending on geothermal activity is expected to boom in the […] Read more
Chinese Automakers Develop Tech to Seize Hybrid Market: Report Updated On Fri, Sep 17th, 2021 by Saurenergy The sales volume of new hybrid passenger cars should account for 50%-60% of traditional energy passenger cars by 2025, 75%-85% by 2030, and 100% by 2035, finds a new a new report. The study claims that Chinese automakers have developed hybrid systems independently to seize the hybrid market. The “Global and China Hybrid Vehicle Industry […] Read more
Why Australia is a Bigger Carbon Pariah Than We Think: IEEFA Updated On Thu, Sep 16th, 2021 by Saurenergy In the following timely piece, Adrian Blundell-Wignall, guest contributor for Institute for Energy Economics and Financial Analysis (IEEFA), discusses the role played by Australia’s Scope III emissions in the world’s carbon footprint: The Glasgow summit on climate change is looming, and we continue to see Australia pretending to be a small emitter of carbon dioxide on […] Read more
Ocean Winds, Aker Submit Joint Bid for 6GW Offshore Wind in Scotland Updated On Tue, Sep 14th, 2021 by Saurenergy Spain-based Ocean Winds and Norway-based Aker Offshore Wind have submitted joint bids worth 6 GW for the development of floating offshore wind projects in the ScotWind leasing round. The joint venture has submitted bids for several sites in the Outer Moray Firth for offshore wind farms as part of the ScotWind process, which was accepting applications until […] Read more
TRIG Completes Buyout Of StatKraft Solar Projects in Spain Updated On Mon, Sep 13th, 2021 by Saurenergy Norwegian state-owned firm Statkraft has confirmed the sale of a portfolio of solar projects in southern Spain for an undisclosed sum to The Renewable Infrastructure Group, (TRIG), managed by InfraRed Capital Partners and RES. Statkraft will maintain responsibility for the construction of the four solar parks, which will be co-located in Cadiz and have a total […] Read more
Jio-bp & BluSmart Will Set up EV Charging Infra in India Updated On Thu, Sep 9th, 2021 by Saurenergy Jio-bp, the fuels and mobility joint venture between Reliance Industries Limited and bp, is partnering with major all-electric ride-hailing platform BluSmart to set up a network of commercial large scale EV charging stations. As part of the partnership, Jio-bp will set up these stations for passenger electric vehicles and fleets across the country. Running the country’s […] Read more
577 MW of Solar Projects Approved For Mumbai By Maharashtra Cabinet Updated On Thu, Sep 9th, 2021 by Saurenergy The Maharashtra state cabinet on September 8 cleared two solar power projects to be set up by Maharashtra State Power Generation Corporation ltd (Mahagenco) for supplying power to capital Mumbai. The two projects, of 187 Megawatt (MW) and 390 MW capacity respectively, are expected to be completed by 2023. Impetus for the approval came from […] Read more
