‘Fit-for-55’; Need More Than Targets to Boost Wind Energy: WindEurope Updated On Mon, May 17th, 2021 by Saurenergy With its ‘Fit-for-55 Package’ the European Union wants to create the right framework for an emission reduction of 55% by 2030 and set the course for carbon neutrality by 2050. The package will include a higher renewable energy target, but targets alone won’t deliver the wind volume Europe needs. WindEurope outlines the wind industry’s key […] Read more
Members to Expand Cross-border Interconnections as Shares of Renewables Grow: IRENA Updated On Mon, May 17th, 2021 by Saurenergy According to IRENA’s World Energy Transitions Outlook, to achieve climate goals, global electricity generation must expand three-fold by 2050, making grid flexibility exceptionally important as countries race to reduce emissions. Cross-border interconnection represents one of the key solutions to dealing with the variability of renewable power and grid stability issues. This topic was the focus […] Read more
EIB Provides €100 million to Dolomiti Energia for Energy Efficiency and Combating Climate Change Updated On Wed, May 12th, 2021 by Saurenergy The European Investment Bank (EIB) and Dolomiti Energia Group have signed a €100 million finance contract to support the company’s 2021-2024 development plan. The investment is in line with Italian and European energy and environment policies for achieving the objectives of the energy transition, decarbonisation and sustainable networks. In particular, the resources will support Dolomiti Energia in projects […] Read more
SPI Uplifts Lives of 2,412 Commercial and Micro-entrepreneurs in Rural India Updated On Wed, May 12th, 2021 by Saurenergy The SPI MED program has helped transform the lives of 2412 commercial and micro-entrepreneurs in rural India micro-entrepreneurs In a bid to create socio-economic opportunities for rural and micro-entrepreneurs, Smart Power India (SPI)’s Micro-Enterprise Development Program (MED) in India has helped rural communities harness electricity for productive uses. This has thereby boosted greater demand for […] Read more
Electric Vehicles to Cost Less Than ICE Vehicles in EU by 2027: Report Updated On Tue, May 11th, 2021 by Saurenergy Electric Vehicles will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest Electric Vehicles and vans will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest, according to a new BloombergNEF study commissioned by Transport & […] Read more
SunPower Releases “Solid” Financial Results for Q1 2021 Updated On Mon, May 10th, 2021 by Saurenergy SunPower, a California-headquartered solar power generation and energy storage company, has released its financial results for the first quarter of 2021 ended April 4, 2021. The company’s GAAP revenue increased from $290.5 millions in Q1 2020 to $306.4 millions in Q1 2021. GAAP loss decreased by $57.6 million, including $44.7 million related to a mark-to-market loss […] Read more
India and the EU Commit to Energy Connectivity Partnership Updated On Mon, May 10th, 2021 by Saurenergy Last Saturday, India and the European Union agreed to bring the EU-India Roadmap 2025 in action and foster new synergies to jointly contribute to a safer, greener, cleaner, more digital, resilient and stable world. The day saw two key events- ‘India-EU Leader’s Meeting’ and ‘India-EU Business Roundtable’- being held simultaneously so that alliances in climate, […] Read more
Enel Group Releases Financial Results; Q1 2021 Unprofitable Updated On Mon, May 10th, 2021 by Saurenergy Enel Group, Italian multinational manufacturer and distributor of electricity and gas, has released the financial results of the first quarter of 2021. The company reports an 8.8% increase in investments and confirmation of yearly targets, among other data, but the quarter has not proved profitable for it. Revenues earned in this quarter were 17,107 million euros, […] Read more
As RE Continues to Expand, India’s Battery Storage Market a Sleeping Giant: IEEFA Updated On Mon, May 10th, 2021 by Saurenergy Grid integration of large-scale variable renewables will be one of India’s biggest challenges as it aspires to decarbonise its power economy through deployment of 450 gigawatts (GW) of renewable energy (RE) by 2030. Reaching this target from the current installed renewable capacity of 93 GW will require average annual renewable capacity additions of ~35 GW. […] Read more
