Repsol Signs RE Purchase Agreement with Microsoft Updated On Wed, Jun 12th, 2024 by Saurenergy Repsol will supply Microsoft renewable electricity after reaching an agreement for a combined six long-term virtual power purchase agreements (VPPAs). These 12-year supply agreements are linked to three wind farms and three solar plants in Spain with a total installed capacity of 230 MW that will be operational by December 2025. This deal adds to existing power […] Read more
Vesper Energy Finalizes $592 Mn Investments For Hornet Solar Project Updated On Wed, Jun 12th, 2024 by Saurenergy Vesper Energy, a renewable energy developer, finalized construction and term loan syndication for its Hornet Solar project, representing approximately $592 million in investments. The syndication process was initiated after the Hornet Solar project’s financial close in December 2023. This signals continued investor confidence in the project and Vesper’s ability to deliver reliable, resilient infrastructure. “This […] Read more
Changing Renewable LCOE Dynamics To Favour Big Companies: Report Updated On Fri, Jun 7th, 2024 by Saurenergy A latest report by Lazard on the Levelized Cost of Energy (LCOE) claimed that the changing dynamics of LCOE is the United States (US) is likely to benefit the larger companies. It said that the results of its LCOE analysis hinted that sizable and well capitlized companies can take advantage of the supply chain and […] Read more
IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024 Updated On Thu, Jun 6th, 2024 by Saurenergy The International Energy Agency’s (IEA) recent report on world energy investment found that investment in solar PV surpassed all other generation technologies combined. It found a noticeable rise in solar panel costs that have decreased by 30% over the last two years. International Energy Agency (IEA) report said, “The prices for minerals and metals which […] Read more
US Solar Installed Capacity Soars 71% In Q1 2024, Hits 200-GW Mark Updated On Thu, Jun 6th, 2024 by Saurenergy US Solar Manufacturing Association (SEIA) recently reported setting a record 11 gigawatts (GW) of new solar module manufacturing capacity in the United States during Q1 2024. The organization claims this to be the largest quarter of solar manufacturing growth in American history. According to the US Solar Market Insight Q2 2024 report released by the […] Read more
India Needs To Increase Renewable Deployments: IEA Report Updated On Tue, Jun 4th, 2024 by Saurenergy A latest report by the International Energy Agency (IEA) said that countries like India, European Union and the United States needed to accelerate the pace of deployment of renewable energy. The global energy think tank said that the acceleration is needed for India to achieve it target of ensuring 500 GW of capacities from non-fossil […] Read more
Electrification Key For 1.5°C Target, Global Demand Must Go Beyond 30K TW: IRENA Updated On Mon, Jun 3rd, 2024 by Saurenergy Electricity and electrification along with deployment of renewable power will play a crucial role in meeting the target of 1.5°C, according to a report by IRENA. The overall share of renewable energy in the energy mix will need to rise substantially to meet the 1.5°C target, driven by higher shares of renewable electricity and electrification, […] Read more
Why Battery Makers In EU Are Shifting Their Base To The US? Updated On Mon, Jun 3rd, 2024 by Saurenergy Several European Union (EU) battery manufacturing companies are now shifting their interests to the United States (US). Better tax credits benefits and pro-renewable policies of the western country seem to have attracted several of them to look towards the US for better returns. A recent report by a global energy think tank Rystad Energy indicated […] Read more
Solar, Wind Offers $12 Bn Climate Benefit To US In 2023, Finds Study Updated On Fri, May 31st, 2024 by Saurenergy A recent article by Berkeley Lab investigated the impact of wind and solar energy generation on climate and air quality benefits in the United States from 2019 to 2022. It highlights how wind and solar power have contributed to reducing emissions by displacing fossil fuel output. The Berkeley Lab report underscores the importance of understanding […] Read more
