European Commission Ponders Hiking Renewable Energy Target To 45% By 2030 Updated On Thu, Apr 21st, 2022 by Saurenergy The Ukraine-Russia conflict, and the vagaries of climate change might just have nudged the European Commission when it comes to its renewable energy targets. The European Commission is analyzing if the Union can achieve a higher aim of having 45% of its energy coming from renewable sources by 2030. Currently the European Commission has proposed […] Read more
Renewable PPA’s In Europe Surge 8.1% QoQ Updated On Wed, Apr 13th, 2022 by Saurenergy European renewable PPA prices surged 8.1% quarter over quarter and 27.5% year over year, with the crisis in Ukraine the latest development to the deepening energy crisis, according to LevelTen Energy’s European Q1 2022 PPA Price Index, released today. Despite this uncertainty, demand for renewables has remained strong causing a shortage of projects for buyers. The […] Read more
“European Quality Product Below Chinese Prices Is Our Edge”, Sandeep Goyal Updated On Tue, Apr 12th, 2022 by Saurenergy A thriving solar inverter market in India shadows the overall growth of solar, and is poised strongly till 2030 and beyond. Pyramid Electricals is one of those rare Indian firms that have come up the hard way in the electronics sector. With their own R&D, technocrat founders, and now, plans to scale up to large […] Read more
Former Tesla engineer-designed battery at Bengaluru startup gets European order Updated On Mon, Apr 11th, 2022 by Saurenergy In a boost to domestic manufacturing, one of the world’s most energy dense batteries designed by a former Tesla engineer for a Bengaluru-based battery startup has been picked up by a European renewable energy company, Eren Groupe, for its storage applications, the startup’s co-founder said on Sunday. The development has opened up possibilities of use […] Read more
New $100M fund launched for climate tech invt in North America, Europe Updated On Thu, Apr 7th, 2022 by Saurenergy VC firm Voyager Ventures has announced its first fund of $100M. Fund I invests in early-stage climate technology companies in North America and Europe. “We’re excited to back Voyager as a stand-out early-stage climate tech investing firm,” said Eva and Logan Green, CEO of Lyft. “We are impressed by Sarah and Sierra’s knowledge, operational expertise, […] Read more
Ingka Group (IKEA) Acquires 9 Solar Power Projects in Europe for €340 Million Updated On Thu, Apr 7th, 2022 by Saurenergy Sweden-based Ingka Group, which owns the majority of IKEA stores globally, has announced that it has acquired nine solar power park projects in Germany and Spain for €340 million. The combined capacity of the solar projects comes to 440 MW. The Ingka Group solar has acquired the portfolio from solar power developer ENERPARC. Four solar power projects […] Read more
As Europe Changes Solar Manufacturing, Overcapacity Risks Loom Updated On Fri, Apr 1st, 2022 by Saurenergy The European Solar Manufacturing Council (ESMC) has welcomed the forthcoming EU strategy for solar energy as the framework for building long-term competitiveness and critical mass of PV manufacturing capacities in Europe. This is crucial for reducing strategic dependencies, ensuring energy security and boosting the economic growth of the EU, states the council. As the European-wide […] Read more
Neoen sees bigger appetite for RE as Europe shuns Russian power Updated On Wed, Mar 16th, 2022 by Saurenergy French renewable power producer Neoen should benefit from more demand for green energy in Finland, Italy and France as Europe looks to become independent from Russian gas, the company’s chief executive said on Monday. The European Union has announced plans to expand its clean energy capacities as it looks to cut dependency on Russian gas […] Read more
European Union Added Less Than 50% Wind Energy Targets in 2021: WindEurope Report Updated On Fri, Mar 11th, 2022 by Saurenergy A new report published by WindEurope has revealed that the European Union has not been able to install the targeted wind energy capacity in 2021. According to the report, the European Union – which is a union of 27 countries – had installed a mere 11 GW which is even less than half of what […] Read more
