Vineyard Wind Raises $2.3 B for 800 MW Wind Project in Atlantic Ocean Updated On Fri, Sep 17th, 2021 by Saurenergy Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, and Copenhagen Infrastructure Partners (CIP), has achieved financial close for its first project, raising $2.3 billion of senior debt for the construction of an 800 MW offshore wind farm in U.S. federal waters in the Atlantic Ocean. Nine international and U.S. based banks helped […] Read more
Glennmont Unveils IPP to Develop 1GW Solar Power in Southern Europe Updated On Fri, Sep 17th, 2021 by Saurenergy Leading clean energy fund manager Glennmont Partners from Nuveen has launched BNZ, a new independent power producer company (IPP), to develop, build and operate solar photovoltaic (PV) projects in Southern Europe. BNZ plans to reach an installed capacity of 1GW across Italy, Portugal and Spain by 2024, of which an initial 350MW are in advanced […] Read more
Chinese Automakers Develop Tech to Seize Hybrid Market: Report Updated On Fri, Sep 17th, 2021 by Saurenergy The sales volume of new hybrid passenger cars should account for 50%-60% of traditional energy passenger cars by 2025, 75%-85% by 2030, and 100% by 2035, finds a new a new report. The study claims that Chinese automakers have developed hybrid systems independently to seize the hybrid market. The “Global and China Hybrid Vehicle Industry […] Read more
Why Australia is a Bigger Carbon Pariah Than We Think: IEEFA Updated On Thu, Sep 16th, 2021 by Saurenergy In the following timely piece, Adrian Blundell-Wignall, guest contributor for Institute for Energy Economics and Financial Analysis (IEEFA), discusses the role played by Australia’s Scope III emissions in the world’s carbon footprint: The Glasgow summit on climate change is looming, and we continue to see Australia pretending to be a small emitter of carbon dioxide on […] Read more
UK to Hold 4th Renewable Auction Backed by $277 M Updated On Tue, Sep 14th, 2021 by Saurenergy The UK government is allocating £200 million ($277 million) to support offshore wind projects in the fourth and biggest-ever round of its flagship renewable energy scheme. The Contracts for Difference (CfD) scheme is the UK government’s primary method of encouraging investment in low-carbon electricity. Launched in 2014, it is open to projects operating in Great Britain. It […] Read more
Turkey Reaches 10 GW Wind Energy Milestone: WindEurope Updated On Mon, Sep 13th, 2021 by Saurenergy Turkey reached 10 GW of wind energy installations, a significant achievement for the country, according to WindEurope. It means that Turkey managed to increase its wind energy capacity tenfold over the last 10 years. Over that period, Turkey has seen considerable diversification of its energy mix, in particular through the expansion of renewable generation capacity. […] Read more
Mitsubishi, Amazon to Build 450 Solar Plants Totalling 20 MW in Japan Updated On Thu, Sep 9th, 2021 by Saurenergy Japanese trading company Mitsubishi Corporation has signed a long-term corporate power purchase agreement, through which it will supply electricity to data centres owned and operated by online retail giant Amazon’s subsidiary Amazon Web Services. Facilitated by MC Retail Energy Co., Ltd., this corporate PPA represents Amazon’s first use of renewable energy in Japan. Under the agreement’s […] Read more
Irish Sovereign Fund to Invest €1bn in Climate Projects Over 5 Years Updated On Thu, Sep 9th, 2021 by Saurenergy The Ireland Strategic Investment Fund (ISIF), managed by the National Treasury Management Agency (NTMA), has set out plans to invest €1bn in climate action projects over the next 5 years. The country’s sovereign fund will support green projects comprising renewables and battery storage till 2026. ISIF made the announcement alongside the publication of its half-year […] Read more
Wind Manufacturers Progress On Recycling, With Siemens Gamesa Claim on Turbine Blades Updated On Wed, Sep 8th, 2021 by Saurenergy Spanish turbine maker Siemens Gamesa announced on September 7 that it has started producing recyclable offshore wind turbine blades for commercial use. The move matters to an industry that, even while seen as renewable and clean, needs to do more to truly reduce its carbon footprint, and start carbon free payback earlier for projects. Competitor Vestas […] Read more
