AIIB and IRENA Team-Up to Accelerate Asia’s Energy Transition Updated On Wed, Sep 22nd, 2021 by Saurenergy The Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MOU) committing to work together to support Asia’s energy transition and mobilize greater private capital for renewable energy. The agreement was signed today by AIIB President Jin Liqun and IRENA Director-General, Francesco La Camera, at a […] Read more
Offshore Wind Market to be Worth $93.7 B by 2028: Zion Market Research Updated On Tue, Sep 21st, 2021 by Saurenergy The global offshore wind energy market accounted for USD 44.8 Billion in 2020 and is expected to reach USD 93.7 Billion by 2028, growing at a CAGR of around 9.1% between 2021 and 2028, finds Zion Market Research. Wind power generation uses turbines to convert wind energy into electricity. The energy of the wind turns […] Read more
Sungrow Reports $1.26 Billion Revenue in H1 FY21 Updated On Thu, Sep 16th, 2021 by Saurenergy Inverter solutions supplier Sungrow has released its semi-annual report, reporting a net income of 757 million yuan (about 116.42 million US dollars), with a year-over-year increase of 69.68%, in H1 FY21. The company’s revenue was 8.21 billion yuan (1.26 billion US dollars) during this period, with a year-over-year increase of 18.27%. The highlights of H1 FY21 […] Read more
NZ’s Infratil To Invest in Renewable Platform In Singapore Updated On Tue, Sep 14th, 2021 by Saurenergy New Zealand-based investment firm Infratil is investing $233m in a renewable energy development platform in Singapore. The new platform will be called Gurīn Energy. Infratil CEO Jason Boyes said that “this is the 4th such platform Infratil has established to cover global growth of the sector. Infratil will own the business in partnership with the […] Read more
TRIG Completes Buyout Of StatKraft Solar Projects in Spain Updated On Mon, Sep 13th, 2021 by Saurenergy Norwegian state-owned firm Statkraft has confirmed the sale of a portfolio of solar projects in southern Spain for an undisclosed sum to The Renewable Infrastructure Group, (TRIG), managed by InfraRed Capital Partners and RES. Statkraft will maintain responsibility for the construction of the four solar parks, which will be co-located in Cadiz and have a total […] Read more
Climate Change And Extreme Temperatures To Stretch Power Utilities Like Nothing Before: Study Updated On Thu, Sep 9th, 2021 by Saurenergy As more cooling is installed and as home heat gets decarbonized, hampering the grid, global utilities will need to lay on more than 1,500 TWh in fresh power resources – collectively about the same amount of electricity that India supplies to its 1 billion citizens, finds a new report by Rethink Energy. The report is significant […] Read more
Eaton, NREL, Ballard to Develop Heavy-Duty Truck Fuel Cell Technology Updated On Thu, Sep 9th, 2021 by Saurenergy Dublin-based power management company Eaton’s Vehicle Group has partnered with fuel system manufacturer Ballard Fuel Cell Systems, and the Department of Energy’s National Renewable Energy Laboratory (NREL), to develop heavy-duty truck fuel cell technology. The partnership is the result of a grant Eaton’s Vehicle Group received from the U.S. Department of Energy to develop highly […] Read more
TotalEnergies Commits To 1 GW of Solar Capacity For Iraq Updated On Tue, Sep 7th, 2021 by Saurenergy TotalEnergies, the Iraqi Ministries for oil and electricity, and the country’s National Investment Commission have signed, in the presence of the Prime Minister of Iraq, agreements covering several projects in the Basra region in Iraq, designed to enhance the development of Iraq’s natural resources to improve the country’s electricity supply. Iraq, a country rich in […] Read more
China’s CO2-intensive Belt Road Initiative Threat to Environment: Report Updated On Tue, Sep 7th, 2021 by Saurenergy While China has termed Belt Road Initiative (BRI) environmentally sustainable and green, it is a threat to climate change and is responsible for causing environmental degradation as almost 90 per cent of its energy projects are carbon-intensive and operate on fossil fuel, think tank International Forum For Rights and Security (IFFRAS) has recently noted. The BRI […] Read more
