RWE Issues €2 billion Green bond For Renewable Play Updated On Thu, May 19th, 2022 by Saurenergy In a major announcement, RWE has said that it has successfully issued a green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each. The maturities of the two will take place in 2026 and 2030. RWE has said that for the first tranche, the yield-to-maturity […] Read more
GE Unveils 3MW Wind Turbines Exclusively For North America Updated On Thu, May 19th, 2022 by Saurenergy GE Renewable Energy has unveiled its newest onshore wind turbine platform designed called ‘Sierra’ specifically for the North America region. The 3.0-3.4 MW turbine features a 140-meter rotor and is offered with a variety of hub heights for its 2 blade operations. GE says that Sierra also includes the revolutionary two-piece blade of GE, designed […] Read more
EU Hikes Solar Target to 600 GW By 2030, 320 GW by 2025 Updated On Thu, May 19th, 2022 by Saurenergy Still reeling from the aftershocks of the Russian invasion of Ukraine and it’s struggle to punish Russia adequately with trade sanctions on fossil fuel exports, the EU’s updated REpowerEU strategy has reworked the maths to raise its solar targets by a 10 to 20% by 2025 and 2030 respectively. The new targets are 320GW of […] Read more
European Energy, Vestas to install largest wind turbines offshore Denmark Updated On Tue, May 17th, 2022 by Saurenergy European Energy has announced its joining forces with Vestas to make Frederikshavn – a city in Denmark – a global focal point for test and demonstration of new offshore wind technology. The joint venture aims at developing and constructing three of Vestas’ newest V236-15.0 MW offshore wind turbines at three of the five test positions […] Read more
Wind Expansion Globally Will Need Much Higher Production of Rare Earths: IRENA Report Updated On Tue, May 17th, 2022 by Saurenergy International Renewable Energy Agency (IRENA) has come up with a report named ‘Critical Mineral for Energy Transition: Rare Earth Elements,’ which says that the rising global demand in the renewable sector especially the wind energy sector to mitigate climate change challenges will need better supplies of rare earth minerals or critical minerals. The report holds […] Read more
Italy working on incentives for offshore wind projects Updated On Thu, May 12th, 2022 by Saurenergy The Italian government is working on incentives to boost the roll-out of offshore wind facilities, Italy’s energy transition minister said on Wednesday. “Incentive mechanisms are in the programming phase,” Roberto Cingolani said, answering questions from members of parliament. Besides subsidies, Cingolani said offshore wind would also receive grants from Italy’s national Recovery Fund plan. Rome […] Read more
China, Europe Will Lead World To Record-breaking RE Capacity In 2022 Updated On Wed, May 11th, 2022 by Saurenergy The International Energy Agency (IEA) said today (May 11) that China and Europe would lead the world to set a new record in renewable energy capacity in 2022 after which the momentum could drop in the following year. The findings come from IEA’s Renewable Energy Market Update for May, 2022. A press release issued by […] Read more
EU Crunches Permit Process for RE projects To Under One year To Speed Growth Updated On Tue, May 10th, 2022 by Saurenergy The Ukraine-Russia conflict is bringing Europe to expedite renewable energy expansion in the region that will just enable the European Union to end its dependence on Russian gas and oil. In a fresh development, the European Commission may propose a new framework that will fasten the permitting system for renewable energy projects in the member […] Read more
Altius Announces $32.5 million investments in RE platform Updated On Mon, May 9th, 2022 by Saurenergy Canada-based Altius Renewable Royalties Corp. has reported that its jointly controlled subsidiary, Great Bay Renewables– popularly known as ‘Great Bay’ – has executed agreements to invest a total of $32.5 million into a new global renewables development platform, Bluestar Energy Capital. Bluestar was founded recently and its majority stakes are owned by Declan Flanagan, former […] Read more
