Vattenfall Inks Deal With Evonik To Supply Solar Power For Chemical Production in Germany Updated On Mon, Feb 19th, 2024 by Saurenergy Germany-based energy supplier company Vattenfall has signed a PPA with specialty chemicals company Evonik that concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of ten years and fixed […] Read more
Utility-Scale Solar Power Additions May Double In 2024: EIA Report Updated On Fri, Feb 16th, 2024 by Saurenergy A latest report from the Energy Information Agency (EIA) on the preliminary monthly electric generator inventory shared the developers’ and power plant owners’ plan to add 62.8 gigawatts (GW) of new utility-scale electric-generating capacity in 2024. The EIA report found that 55% more capacity would be added than the 40.4 GW added in 2023 (the […] Read more
Germany’s RWE To Build 1GW Solar Farm in Greece, Battery Storage Project in Netherlands Updated On Fri, Feb 9th, 2024 by Saurenergy Germany based renewable energy company RWE and Greek public firm PPC have announced their final investment decision for the construction of an additional photovoltaic project in the country. The plant will be built through their joint venture company Meton Energy. This solar farm is the last project of the 940 MWp (870 MWac) Amynteo portfolio, […] Read more
BrightNight Rings In Leadership Changes For 37 GW Project Portfolio Updated On Tue, Feb 6th, 2024 by Saurenergy BrightNight, a global renewable power independent power producer (IPP) built to deliver clean and dispatchable solutions, recently announced the addition of two senior leaders to support the buildout of its 37 GW global portfolio in the areas of Asset Management (A&M), Operations & Maintenance (O&M) and Construction: Jeff Gibbons joins as Senior Vice President of […] Read more
Solar Power Generation In Europe To Rise by 50 TW in 2024, Germany To Lead The Way Updated On Mon, Feb 5th, 2024 by Saurenergy The solar photovoltaic (PV) energy generation will spike by about 50 terawatt-hours (TWh) in 2024 in Europe due to major capacity installations across the region, predicts a report by Rystad Energy. The report also suggests that Wind power generation is also expected to increase in 2024. However, the growth rate will not match last the […] Read more
European Solar PPA Market Witnesses 65% Increase From 2022: Pexapark Updated On Mon, Feb 5th, 2024 by Saurenergy A recent report by Pexapark on European market outlook found the European PPA market recorded a 65% Increase in solar PAA from 2022, due to stabilising environment in deal-making, over the past twelve months. Pexapark in its report mentioned, “Our PPA Tracker recorded a 16.2GW of disclosed contracted volumes – an increase of more than […] Read more
Tamil Nadu Cements Corporation Issues Tender For 20 MW Solar Plant at Virudhunagar Cement Work Site Updated On Mon, Feb 5th, 2024 by Saurenergy As the generation and usage of renewable energy comes under focus in Tamil Nadu, the state’s cement corporation has sought bids for the installation of 20 MW solar power plant at Alangulam Cement Works in Virudhunagar district. The tender document by the cement corporation also mentioned about the engagement of a consultant for the meticulous […] Read more
Octopus Grabs 199-MW Solar Portfolio from Statkraft Ireland Updated On Mon, Feb 5th, 2024 by Saurenergy Octopus Renewables Infrastructure Trust (ORIT) has announced that it finalized the acquisition of four newly-built solar farms situated in close proximity to Dublin, Ireland. The four solar installations collectively boast a capacity of 199MW and were procured from Statkraft Ireland, the developer, and constructor of the projects, overseen by ORIT. With this acquisition, ORIT’s portfolio […] Read more
14 Trends That Drove Change In RE Within 2023: IEA Analysis Updated On Fri, Jan 12th, 2024 by Saurenergy The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […] Read more
