White House Backs Plan for Renewable Energy Industry Tax Partnerships Updated On Fri, Sep 24th, 2021 by Saurenergy The White House is backing a plan by House of Representatives Democrats to let renewable energy firms form tax-advantaged partnerships that the oil and gas industry has used for decades to build out the U.S. pipeline and storage infrastructure, according to recent reports in the media. The expansion would allow the renewable energy industry – […] Read more
Accepting Gas Power Plants as Sustainable Investments in Asian Taxonomies Heightens Greenwash Risk: IEEFA Updated On Thu, Sep 23rd, 2021 by Saurenergy Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise […] Read more
Appliance Standards & Labelling Effective at Reducing Energy Use: IEA Updated On Thu, Sep 23rd, 2021 by Saurenergy Policies that introduce minimum efficiency performance standards and energy-consumption labelling on appliances and equipment have led to reduced power consumption, lower carbon emissions, and cost savings for consumers, according to analysis published today by the International Energy Agency (IEA) and the 4E Technology Collaboration Programme (4E TCP). The report’s findings are drawn from nearly 400 […] Read more
US Solar Developers Warn Of Threat to Solar From Import Duties Updated On Thu, Sep 23rd, 2021 by Saurenergy A strong pushback has started in the US, on the threat of import duties from countries in South East Asia, especially Malaysia, Vietnam and Thailand. A letter on behalf of 190 companies, primarily developers, contractors and financiers warns that punitive duties, if applied, would risk jeopardising almost 18 GW of Solar projects in the US, […] Read more
LG Energy Solution Takes Over US-based NEC Energy Solutions Updated On Wed, Sep 22nd, 2021 by Saurenergy South Korean lithium-ion battery manufacturer LG Energy Solution (LG ES) has acquired US-based sector player NEC Energy Solutions from NEC Corporation for an undisclosed sum. The news was unveiled on Friday by BDA Partners, which served as the exclusive financial advisor to LG on the transaction. Japan’s NEC Corporation has transferred all shares in NEC Energy […] Read more
Mumbai’s BEST Issues Tender for 1,900 Electric Buses Updated On Tue, Sep 21st, 2021 by Saurenergy Mumbai’s BEST (the Brihanmumbai Electric Supply & Transport Undertaking) has issued tenders for procuring 1,900 fully electric buses, signalling one of the biggest electric bus fleet expansions in the country. It will issue tenders in the next few days for procuring 200 double deckers, which will also be fully electric, according to media reports. “We […] Read more
BESCOM Must Encourage EV Charging at Home at Night to Manage Overloads, finds Study Updated On Tue, Sep 21st, 2021 by Saurenergy A new report by India Smart Grid Forum (ISGF) analyses the challenges involved in the installation and maintenance of EV charging infrastructure in Bengaluru city and suggests that authorities should encourage charging of vehicles at home during the night, among several other recommendations. The full study can be accessed here. The government of Karnataka had issued […] Read more
Canadian PE Fund Brookfield Offers $9.6 B to Take Over AusNet Updated On Mon, Sep 20th, 2021 by Saurenergy Update: ASX-listed energy infrastructure firm APA Group has launched a rival $10 billion takeover offer for the utility business Australian energy company AusNet Services has received a proposal, worth $9.6 billion, from the infrastructure affiliate of Brookfield Asset Management to acquire all of the issued shares in AusNet at an indicative price of $2.50 cash per […] Read more
Geothermal Power Push Points to Record Well Count in 2021: Rystad Updated On Mon, Sep 20th, 2021 by Saurenergy Renewed interest in the geothermal sector in recent years, which has seen oil and gas majors make investments in numerous startups, is set to see a new record in the number of wells drilled for power generation, surpassing 200 this year for the first time. Spending on geothermal activity is expected to boom in the […] Read more
