Transition to 100% RE by 2050 ‘Cost-Effective’: EWG Study Updated On Mon, Apr 15th, 2019 by Saurenergy A new study by the Energy Watch Group and LUT University is the first of its kind to outline a 1.5°C scenario with a cost-effective, cross-sectoral, technology-rich global 100% renewable energy system that does not build on negative CO2 emission technologies. In what should be good news for skeptics worried about the cost of transitioning […] Read more
Salt as Energy Storage: Vattenfall Launches Pilot Project at Berlin Thermal Plant Updated On Fri, Apr 12th, 2019 by Saurenergy Vattenfall, together with the Swedish company SaltX Technology, will test how renewable wind and solar power can be stored in salt. The pilot plant at the Reuter thermal power plant in Spandau, Berlin, has a total storage capacity of 10 MWh and was officially commissioned today. In experiments, SaltX’s patented technology has proven to be […] Read more
Sweden Comes Out on Top in IEA’s Energy Transition Country Review Updated On Fri, Apr 12th, 2019 by Saurenergy Sweden is a global leader in building a low-carbon economy, with the lowest share of fossil fuels in its primary energy supply among all IEA member countries, and the second-lowest carbon-intensive economy. Sweden has been successful in its energy transformation through market-based policies that focus on energy efficiency and renewable energy, notably CO2 taxation, which has […] Read more
Deep Electrification Powered by Renewables Key for a Climate-Safe Future: Report Updated On Wed, Apr 10th, 2019 by Saurenergy A new report by the International Renewable Energy Agency (IRENA) charts pathways to further accelerate energy transformation which meets climate objectives while creating jobs and fostering economic growth. As the urgency to take bold climate action grows, the new analysis revealed that scaling-up renewable energy combined with electrification could deliver more than three-quarters of the […] Read more
Suzlon Completes Sale of Two Subsidiaries to ReNew Power Updated On Wed, Apr 10th, 2019 by Saurenergy Suzlon Energy has announced that it has completed the sale of two of its subsidiaries to Ostro Power, a wholly owned subsidiary of ReNew Power for Rs 29.8 crore. The two subsidiaries are the Shreyas Solarfarms limited and Aalok Solar farms Limited, which own a combined 30 MW capacity of solar power projects in Rajasthan. […] Read more
Over 90% of Electric 2Ws in India To Lose FAME II Subsidy: Report Updated On Mon, Apr 8th, 2019 by Saurenergy A shocking discovery has been made for the Indian electric two-wheeler manufacturers, the much-awaited FAME II scheme eligibility criteria will see around 95% of the existing electric two-wheelers miss the subsidy support, says a report by CRISIL. On March 28, 2019, the Ministry of Heavy Industry and Public Enterprise issued a notification, which laid out […] Read more
Norway’s GPFG Sovereign Fund Permitted to Invest $14Bn in Unlisted Renewables Updated On Sat, Apr 6th, 2019 by Saurenergy The Government is allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure under the dedicated environmental mandates. Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), the world’s largest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind power plants and solar […] Read more
$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments Updated On Fri, Apr 5th, 2019 by Saurenergy The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […] Read more
ABB, Rolls-Royce Ink Pact to Provide Microgrid Solutions Updated On Wed, Apr 3rd, 2019 by Saurenergy The two companies joined hands on microgrid solutions that integrate digital technology and efficient hybrid power systems. ABB and Rolls-Royce had entered into a global partnership on microgrid technology and advanced automation. As per the deal, the two companies will offer an innovative, energy-efficient microgrid solution for utilities, commercial and industrial entities. The microgrid provides […] Read more
