EU Augments Overall Energy Consumption Target to 42.5% by 2030 Updated On Tue, Oct 10th, 2023 by Saurenergy The European Council recently adopted the new Renewables Energy Directive that will raise the share of renewable energy in the EU’s overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top up to allow the target of 45%. The directive has been formally adopted. Member states will have 18 months after the […] Read more
Lower Auction Volumes, Supply Chain Challenges May Slowdown 20% of India’s PV Capacity Additions in ’23: IEA Updated On Tue, Aug 8th, 2023 by Saurenergy The IEA (International Energy Agency), in its latest study, “Renewable Energy Market Update 2023 & 2024” has offered significant insights on worldwide markets in the renewable segment. The revelations of the report are as follows- Global Renewable Capacity Additions As per the report, the global renewable capacity additions are set to soar by 107 gigawatts […] Read more
Building Sustainable Cyprus: Central Energy Storage for Hybrid Renewables Updated On Wed, Jul 19th, 2023 by Saurenergy Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC). The Mediterranean island’s Ministry of Energy, Commerce and Industry (MECI) last week announced its ‘General policy framework for energy storage systems’. It said the government will be deploying centralised energy storage […] Read more
India Paves Way For Allowing Commercial Mining Of Lithium, Other Critical Minerals Updated On Thu, Jul 13th, 2023 by Saurenergy The Union Cabinet is now reported to have approved amendments to the Mines and Minerals (Development) and Regulation) Act to pave the way to allow commercial mining of Lithium and other critical minerals in the country. This comes months after India discovered reserves of Lithium in the Reasi district of Jammu and Kashmir and another […] Read more
Europe’s Nuclear Regret: Sweden Moves To Redress The Nuclear Exit Updated On Tue, Jun 27th, 2023 by Saurenergy Sweden, over four decades after deciding to phase out nuclear power, is now considering the construction of additional nuclear reactors. This shift comes as the country’s parliament officially abandoned its goal of achieving 100 per cent renewable energy to reach net-zero emissions by 2045. Sweden recently revised its net-zero targets to focus on achieving 100 […] Read more
Hungarian Energy Storage Scheme Worth €1.1 Billion Receives European Commission Approval Updated On Fri, Jun 23rd, 2023 by Saurenergy The European Commission has approved a Hungarian scheme worth €1.1 billion, designed to bolster the country’s shift towards a carbon-neutral economy by supporting the establishment of energy storage facilities with a capacity of at least 800 MW/1600 MWh. The scheme aims at enhancing the flexibility of the Hungarian electricity system by supporting storage investments to […] Read more
Energy Trading In An Interconnected World Updated On Thu, Jun 22nd, 2023 by Saurenergy Matteo Mazzoni, Director of Energy Analytics, ICIS Energy markets are evolving, moving away from discrete regional or local hubs to become truly global and far more interconnected than ever before. The rise of LNG and associated infrastructure investment, for example, has seen it emerge as an analogue of more traditional natural gas hubs. Whereas previously, […] Read more
EU Focus On Renewables Could Add 69 GW in 2023 Updated On Mon, Jun 12th, 2023 by Saurenergy The EU’s renewed focus on renewable energy is no secret, especially after the Russian-Ukraine war that started last year. New reports indicate that the continent could see additions of as many as 69 GW in renewable capacity, mostly solar, in 2023. That, combined with a high focus on bringing manufacturing back to the region, indicates […] Read more
IEA Report: Expect $1.7 Trillion Investments In Clean Energy In 2023 Updated On Fri, May 26th, 2023 by Saurenergy The International Energy Agency has said that the global investment in clean energy is on course to rise to $1.7 trillion in 2023. In this journey, solar energy is set to eclipse oil production for the first time. According to the new report by IEA, about $2.8 trillion is set to be invested globally in […] Read more
