Impact of Global Shift of Funds Away From Fossil Fuels on India: IEEFA Updated On Tue, Jun 15th, 2021 by Saurenergy The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […] Read more
Enel Green Power Begins Operating South America’s Largest Wind Farm Updated On Fri, Jun 11th, 2021 by Saurenergy One of the leading power and renewables companies, Enel Green Power has announced that it has begun the commercial operations of the 716 MW Lagoa dos Vento’s wind farm in Brazil. It is the largest wind facility currently in operation in South America and Enel Green Power’s largest wind farm worldwide. Enel invested around 3 […] Read more
Methane Could be a Greater Source of Power In US Updated On Fri, Jun 11th, 2021 by Saurenergy Natural gas is an important source of power in the United States. An estimated 300,000 miles of pipeline transport natural gas across the country, while thousands of gathering, processing, and storage facilities prepare and store the gas for end users. One of the natural gases, Methane (CH4) is studied and proven to be 80 times […] Read more
Sale of Electricity in Futures Market will Benefit RE Investors: IEEFA Updated On Fri, Jun 11th, 2021 by Saurenergy The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable developers to hedge their offtaker […] Read more
Wind-powered Economical Green H2 by 2030 Possible: Siemens Gamesa Updated On Thu, Jun 10th, 2021 by Saurenergy Spanish wind turbine technologies company Siemens Gamesa yesterday released a white paper entitled ‘Unlocking the Green Hydrogen Revolution’ that outlines an ambitious plan to deliver cost-competitive green hydrogen by 2030 from onshore wind and by 2035 from offshore wind. The renewable energy company says that achieving carbon neutrality by 2050 is crucial to fight climate change and […] Read more
GGGI to Build 250 MW Solar Plant Along Mumbai-Nagpur Superhighway Updated On Wed, Jun 9th, 2021 by Saurenergy With its rapid economic growth and increasing demand for energy services, India is well-placed to invest more in clean, cheap reliable sources of energy, particularly in the solar sector. However, this potential remains largely untapped. The Indian government has set a goal of 100 gigawatts (GW) of solar power capacity by 2022, but it had […] Read more
Wind-based Electrification Will Drive Europe to Net Zero: WindEurope Updated On Wed, Jun 9th, 2021 by Saurenergy Electrification is the most cost-effective way to decarbonise Europe’s economy according to a report from ETIPWind and WindEurope out today. Wind energy will lead the process: the EU sees it being half of Europe’s electricity by 2050. With the right investments in grids and technology, the combined rate of direct and indirect electrification will be […] Read more
Luxembourg’s ArcelorMittal Invests $10 M in RE Tech Company Heliogen Updated On Wed, Jun 9th, 2021 by Saurenergy ArcelorMittal S.A., a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City, announced yesterday its initial investment of $10 million in US renewable energy technology company Heliogen, marking the completion of the steel producer’s first XCarb™ innovation fund investment since launching the initiative in March 2021. Heliogen’s technology will harness solar energy by using a field of mirrors […] Read more
IRENA Members contribute to G20 Action Agenda on Offshore RE Updated On Wed, Jun 9th, 2021 by Saurenergy On the occasion of the 2021 World Ocean Day, celebrated yesterday, over 70 IRENA members and private sector representatives came together in a Collaborative Framework on Ocean Energy and Offshore Renewables to accelerate the deployment of ocean technologies worldwide. Energy from the sea and through offshore renewables is increasingly recognised as significant climate solution for […] Read more
