IFC and Rockefeller Foundation to Co-finance RE Development in Africa Updated On Thu, Jun 17th, 2021 by Saurenergy The International Finance Corporation, the private sector arm of the World Bank Group, and The Rockefeller Foundation (RF) yesterday announced a new partnership to finance renewable energy development in Sub-Saharan Africa and some other regions. The joint venture aims to deploy $150 million of RF’s catalytic capital in blended finance to mobilize up to $2 […] Read more
Research Flags Risks To US Solar Loans From Chronic Underperformance Updated On Tue, Jun 15th, 2021 by Saurenergy California-headquartered kWh Analytics has released the latest edition of its annual report Solar Risk Management, which reveals that wildfires reduced energy production by up to 6% in the Western U.S. in 2020. Solar Risk Management 2021, which provides investors with latest insights on the evolution of solar generation risk, spans three sections and contains contributions from over […] Read more
Impact of Global Shift of Funds Away From Fossil Fuels on India: IEEFA Updated On Tue, Jun 15th, 2021 by Saurenergy The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […] Read more
GE Renewable to Dismantle Decommissioned Wind Turbines in Germany Updated On Mon, Jun 14th, 2021 by Saurenergy California-based GE Renewable Energy and German company Neowa GmbH have signed an MoU for a multi-year agreement to dismantle decommissioned Germany-based onshore wind turbines and recycle a variety of components—including blades—during partial and full repowering, contributing to the lifecycle circularity of the wind industry. The companies will also jointly explore the potential to expand Neowa’s unique […] Read more
Methane Could be a Greater Source of Power In US Updated On Fri, Jun 11th, 2021 by Saurenergy Natural gas is an important source of power in the United States. An estimated 300,000 miles of pipeline transport natural gas across the country, while thousands of gathering, processing, and storage facilities prepare and store the gas for end users. One of the natural gases, Methane (CH4) is studied and proven to be 80 times […] Read more
First Solar to Expand Its US Manufacturing Capacity by 3.3 GW Updated On Thu, Jun 10th, 2021 by Saurenergy The leading American manufacturer of solar panels and PV power plants, First Solar Inc. has announced its plans of expanding its American domestic photovoltaic (PV) solar manufacturing capacity by 3.3 GWDC (gigawatt direct current) annually, with an investment of USD 680 million. This investment is representing an implied capital expenditure of approximately USD 0.20 per […] Read more
GGGI to Build 250 MW Solar Plant Along Mumbai-Nagpur Superhighway Updated On Wed, Jun 9th, 2021 by Saurenergy With its rapid economic growth and increasing demand for energy services, India is well-placed to invest more in clean, cheap reliable sources of energy, particularly in the solar sector. However, this potential remains largely untapped. The Indian government has set a goal of 100 gigawatts (GW) of solar power capacity by 2022, but it had […] Read more
Luxembourg’s ArcelorMittal Invests $10 M in RE Tech Company Heliogen Updated On Wed, Jun 9th, 2021 by Saurenergy ArcelorMittal S.A., a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City, announced yesterday its initial investment of $10 million in US renewable energy technology company Heliogen, marking the completion of the steel producer’s first XCarb™ innovation fund investment since launching the initiative in March 2021. Heliogen’s technology will harness solar energy by using a field of mirrors […] Read more
National Grid’s EV Road Trip Includes $200 Million for EV Charging Updated On Fri, Jun 4th, 2021 by Saurenergy National Grid multinational electricity and gas utility company headquartered in England, serving through its networks in New York, Massachusetts, and Rhode Island, has revealed its new EV (electric vehicle) Road Trip. This new EV road trip emerged as a part of Grid’s constant efforts to raise awareness around the location of charging infrastructure and accelerate […] Read more
