GMDC, GUVNL Sign Energy Security Pact In Gujarat Updated On Wed, Jun 26th, 2024 by Saurenergy GUVNL and GMDC have collaborated for Development of the coal-based & Lignite power stations for Energy Security for Gujarat. This partnership underscores a collective dedication to bolster energy security through sustainable coal & lignite utilisation. Kanubhai Desai, Gujarat Minister of Finance, Energy & Petrochemical, said, “The signing of this MOU marks a historic milestone as […] Read more
Clean Energy Investment Double The Fossil Fuel Amount This Year: IEA Updated On Fri, Jun 21st, 2024 by Saurenergy Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to a report by the International Energy Agency (IEA). Despite pressures on financing, global investment in clean energy is set to reach almost […] Read more
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
Investments In Renewables, Realty To Rise To Rs 15 Lakh Cr In Next Fiscals: CRISIL Updated On Tue, Jun 18th, 2024 by Saurenergy Investments in India’s key infrastructure sectors — renewable energy and roads – and real estate are expected to grow 38% in fiscals 2025 and 2026 compared with the previous two fiscals to Rs 15 lakh crore, according to the latest report by CRISIL. The surge will ride on India’s need for creation of sustainable infrastructure […] Read more
Access To Public Finance Key To Clean Energy Adoption In India: IEA Updated On Thu, Jun 13th, 2024 by Saurenergy The International Energy Agency (IEA) recently reported an increased usage of modern renewable energy between 2010 and 2021. The United Kingdom and Indonesia have reportedly made the greatest progress in the use of modern renewables (up 9 and 7 percentage points, respectively, in total final energy consumption). The two countries were closely followed by China, […] Read more
Hitachi Energy Plans To Invest $4.5 Bn In Clean Energy By 2027 Updated On Mon, Jun 10th, 2024 by Saurenergy Switzerland-based Hitachi Energy recently announced its plan to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D, and partnerships by 2027. This is double the investments made by the company in the last three years. This investment complements the company’s recently announced $1.5 billion investment in April this year to ramp up global transformer […] Read more
SC Net Zero Ventures Raises €125 Mn For Energy Transition Updated On Fri, Jun 7th, 2024 by Saurenergy SC Net Zero Ventures, the venture capital investment fund managed by Suma Capital in strategic alliance with Repsol as anchor investor, has completed its first closing raising €125 million. The fund has a target of €150 million. This substantial first closing is a very important step towards achieving the fund’s goals. Furthermore, this milestone underlines […] Read more
EU 2030 Net-Zero Targets Out Of Reach As Investments Plunge Updated On Mon, Jun 3rd, 2024 by Saurenergy The European Union (EU) is set to fall far behind its energy transition targets for renewable energy, clean technology capacity, and domestic supply chain investments, according to Rystad Energy research and modeling. The bloc’s capital investments (capex) in clean technologies – including renewables, carbon capture, utilisation and storage (CCUS), hydrogen, batteries, and nuclear – totaled […] Read more
Changing Dynamics: Indian Green Firms Shift Focus On Energy Storage Updated On Fri, May 31st, 2024 by Saurenergy In March 2022, India’s leading renewable energy company Adani Green Energy Limited (AGEL) collaborated with another Indian leading player in the energy storage systems–Greenko. The partnership was to seek the Hyderabad-based company’s assistance in getting Round-The-Clock (RTC) power for AGEL’s projects through Greenko’s PSP assets. PSPs are often termed as giant batteries which can storage […] Read more
