China To Hold 80% Wind Deployment In Asia-Pacific In Five Years: Report Updated On Fri, Feb 2nd, 2024 by Saurenergy A recent report by Wood Mackenzie on the renewable energy growth in Asia Pacific market stated, “Despite short-term hurdles such as cost inflation, construction delays and higher interest rates, the economics of offshore wind are improving strongly in the late 2020s. It’s supporting a strong future for the technology in Asia Pacific markets.” The Wood […] Read more
Nextracker Continues Strong Show, Q3 EBITDA Up 168% YoY Updated On Fri, Feb 2nd, 2024 by Saurenergy US based solar tracker firm Nextracker, in its first earnings announcement since turning a completely independent firm has delivered a stellar set of results. Nextracker’s adjusted earnings before inflation, taxes, depreciation and amortisation (EBITDA) in Q3 FY24 reached US$168 million, more than doubling over the EBITDA in the last 12 months with a 168% year-on-year […] Read more
Strata Clean Energy Commences 1GW Battery Storage Project in Arizona Updated On Thu, Feb 1st, 2024 by Saurenergy US-based Strata Clean Energy, the grid-scale renewable energy solutions company, initiated the works for for its Scatter Wash battery storage complex in Phoenix, Arizona. The 255 MW / 1,020 MWh facility is expected to become operational in April 2025. The project’s batteries can store enough electricity to power more than 250,000 homes for 4 hours […] Read more
Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
European EV Sales Increased To 16.3% From 12.9% YoY: EIA Updated On Thu, Feb 1st, 2024 by Saurenergy A recent report by the US energy agency EIA found an increase in the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) in the United States. It rose to 16.3% of total new light-duty vehicle (LDV) sales in 2023, according to data from Wards Intelligence. In 2022, hybrid, plug-in hybrid, […] Read more
With $500 million of Production Tax Credits, 600 MW Solar Project Moves Ahead In US Updated On Thu, Feb 1st, 2024 by Saurenergy Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, has announced the closing of financing for its Hornet Solar project. The asset will deliver renewable energy to communities throughout Texas, provide grid stability, and mitigate price volatility in Electric Reliability Council of Texas (ERCOT) which provides power to the grid in the […] Read more
Biden Extends Support To Made-in-America EV Charging Network Updated On Thu, Jan 25th, 2024 by Saurenergy United States (US) President Joe Biden made a recent announcement of vetoing a law that waived the American requirement for purchasing electric vehicles (EVs). While extending support to ‘Investing in America Agenda’ the President said in a press statement that, he “pledged to veto this resolution, which would hurt American workers, undermine domestic manufacturing, and […] Read more
Biden Administration Announces $207 Mn Investment In Clean Energy Updated On Tue, Jan 23rd, 2024 by Saurenergy The US Department of Agriculture (USDA) Secretary Tom Vilsack recently announced USDA $207 million investment in renewable energy and domestic fertilizer projects. These projects are expected to lower energy bills, generate new income, create jobs, and strengthen competition for US farmers, ranchers and agricultural producers. Many of the projects are being funded by President Biden’s Inflation […] Read more
Could a Donald Trump Presidency Trip Up The IRA? Updated On Thu, Jan 18th, 2024 by Saurenergy The IRA, or the Inflation Reduction Act in the United States (US), ever since it came into force in August 2022, has been unfolding the kind of impact that has never been seen yet in the clean energy industry. Even as most provisions in the IRA became effective by Jan 2023, the biggest part of […] Read more
