Amazon Raises $1 bn Sustainability Bond, Issues $18.5 bn Debt Updated On Tue, May 11th, 2021 by Saurenergy Seattle-based tech giant Amazon.com Inc. issued its first sustainability bond yesterday, raising $1 billion to fund ongoing and new sustainability projects in renewable energy, clean transport, greener buildings and affordable housing. The total debt issued by the company on the same day was a whopping $18.5 billion. The sustainability bonds enable investors to join the firm in tackling […] Read more
England To Favour Domestic Manufacturers For Wind Subsidies Updated On Tue, May 11th, 2021 by Saurenergy The British Government will not allow subsidies for offshore wind development projects that do not use components made and supplied by UK based manufacturers. The new rules are likely for projects larger than 300 MW. Prime Minister Boris Johnson has announced plans to grow UK offshore wind generation to 40GW by 2030, with an additional […] Read more
Solar Developers Trip Up Over Great Indian Bustard Habitat in Rajasthan Updated On Tue, May 11th, 2021 by Saurenergy Solar developers that made a beeline for Rajasthan, India’s largest state by area with a seemingly plentiful supply of non-agricultural land with high solar irradiance, have been served a shock by the Supreme Court. The court was hearing a case related to the impact on the habitat of the Great Indian Bustard, a critically endangered […] 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
Etrion Sees $2.5 Million Net Loss in FY 2021 Updated On Mon, May 10th, 2021 by Saurenergy Switzerland based independent solar power producer, Etrion has recently released its financial results for the first quarter of 2021 (Q1 FY21) ended March 31, 2021. During Q1-21, Etrions’s corporate segment generated negative earnings before interest, taxes, depreciation, and amortization (“EBITDA”) of USD 1.8 million and a net loss of USD 2.5 million, compared to a […] Read more
Battery Firm ESS to be Publicly Listed; Value Expected to Cross $1 Bn Updated On Mon, May 10th, 2021 by Saurenergy ESS Tech, a manufacturer of iron flow batteries has entered into an agreement that will result in it becoming a publicly listed company. ESS Tech, a manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, and ACON S2 Acquisition, a publicly traded special purpose acquisition company, have announced they have entered […] 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
German Scientists Redesign Stack to Make Cheaper Redox Flow Batteries Updated On Sat, May 8th, 2021 by Saurenergy Researchers at the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT, located in Germany, claim that thorough redesigning the stack, they have contrived a way to bring down production costs of redox flow batteries which are used to store renewable energy. As a result, Christian Doetsch and Lukas Kopietz from Fraunhofer UMSICHT and Dr. Thorsten Seipp […] Read more
