Despite Record Investments, World Off Track For 2030 RE Target: EY Updated On Wed, Jun 19th, 2024 by Saurenergy Global accounting firm Ernst & Young (EY) recently reported a decline in overall global energy investments, failing to keep the world on track for the 2030 renewables targets. EY report found that, despite last year’s surge of US$1.8 trillion in clean energy investment, including US$660 billion earmarked for renewables, investment remains below the COP28 target of […] Read more
$20bn To Flow Into European Offshore Substations: Rystad Energy Updated On Tue, Jun 18th, 2024 by Saurenergy A new report from Rystad Energy projects that 137 substations will be installed offshore continental Europe this decade, requiring $20 billion in total investment. The team said that installations are gathering pace worldwide leading to the need for reliable, accessible infrastructure to bring the generated power onshore and into the electricity grid. “Demand for offshore […] Read more
Bhutan Makes A Serious Push For Solar In 2024-25 Updated On Tue, Jun 18th, 2024 by Saurenergy Bhutan, one of the world’s few carbon negative countries, hasn’t felt the urgency to add more renewables to its significant hydropower resources until now. In its 2024-25 budget report, the country has finally made a serious start to plans to add other renewables, notably solar and wind energy to its energy mix. The document, which […] Read more
Solarpack, SJVNL Sign PPA For 482 MW Ganeko Hybrid Project Updated On Thu, Jun 13th, 2024 by Saurenergy Spain-based Solarpack was recently awarded a power purchase agreement (PPA) for 25 years with SJVNL to supply clean energy to the company from 2026. This PPA would also allow Solarpack to supply clean energy for the 482 MW Ganeko wind-solar hybrid project. The Ganeko project is located in Gujarat and consists of 383 MW of […] Read more
Google, NV Energy Plan To Use Geothermal Power For Data Centers Updated On Thu, Jun 13th, 2024 by Saurenergy In a bid to ramp up its commitment to clean energy, Google has partnered with Berkshire Hathaway electric utility NV Energy to fuel its Nevada data centers with advanced geothermal electricity. This move is part of Google’s broader goal to operate entirely on clean energy by 2030. The agreement, currently pending approval from state utility […] Read more
Capgemini Partners Equigy For European Decentralised Energy System Updated On Thu, Jun 13th, 2024 by Saurenergy In order to better manage the supply and demand of electricity throughout Europe, Capgemini and Equigy have signed a long-term deal to establish a new decentralized energy system. The goal of this project is to create a crowd-balancing platform (CBP), which is a reliable, standardized data aggregator interface for integrating modest, adaptable, and dispersed energy […] Read more
Thailand, India Can Pose Challenge To China’s EV Market: Report Updated On Thu, Jun 13th, 2024 by Saurenergy Bloomberg’s recent report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario. The Bloomberg […] Read more
Renewables, EVs Set To Reduce Global Oil Demand, Says Report Updated On Thu, Jun 13th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that the global oil demand is likely to be tempered by clean energy transition. The report also said that the surge in Electric Vehicle (EV) sales and continued efficiency improvements of vehicles and use of more renewables in electricity production could negate the rise in […] Read more
BluPine Energy and Dalmia Cements Ink Solar Project Deal Updated On Wed, Jun 12th, 2024 by Saurenergy BluPine Energy has announced that it has signed a power purchase agreement (PPA) with Dalmia Cements Limited (Bharat) to set up a 46.8 MWp solar power project in Karnataka. Once completed, this project is expected to generate approximately 93 million units of electricity per year, effectively offsetting more than 85 thousand tons of carbon dioxide […] Read more
