EDP to Invest EUR 24 Bn in Energy Transition, Eyeing 50 GW RE Capacity by 2030 Updated On Mon, Mar 1st, 2021 by Saurenergy EDP has announced its Strategic Update for the period 2021-2025, revealing a EUR 24 billion plan for investment in the energy transition EDP – Energias de Portugal – the Portuguese electric utility has announced its Strategic Update for the period 2021-2025, reinforcing its position as a leader of the energy transition, with an unprecedented EUR 24 billion […] Read more
6 GW Offshore Wind Capacity Added Globally in 2020, 50% Plus in China: GWEC Updated On Mon, Mar 1st, 2021 by Saurenergy The global offshore wind industry had its 2nd best year ever in 2020 installing over 6 GW of new capacity, driven by a record year in China. According to the latest data released by GWEC Market Intelligence, the global offshore wind industry had its second-best year ever in 2020 installing over 6 GW of new […] Read more
Wells Fargo Surpasses $10 Billion in Renewable Energy Tax-Equity Investments Updated On Fri, Feb 26th, 2021 by Saurenergy Renewable Energy & Environmental Finance group funded 500-plus projects in 32 states Wells Fargo Renewable Energy & Environmental Finance (REEF) today announced it recently surpassed $10 billion in tax-equity investments in the wind, solar, and fuel cell industries. Wells Fargo has invested in more than 500 projects, helping to finance 12% of all wind and […] Read more
Coal Plant Closures Imminent as Renewable Energy Surges in Australia: IEEFA Updated On Fri, Feb 26th, 2021 by Saurenergy Several coal power plants in the National Electricity Market likely to be financially unviable by 2025 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility […] Read more
Floating Offshore the Next Frontier in Wind Development in APAC: WoodMac Updated On Fri, Feb 26th, 2021 by Saurenergy Floating offshore could be the next frontier in wind power development in the Asia Pacific (APAC), according to Wood Mackenzie. The analysis finds that a significant market for floating offshore technology is emerging in Asia. With developers in Japan, South Korea and Taiwan having announced plans to develop key demonstration projects, although the scale of […] Read more
Total Farms Down 2 Renewable Energy Portfolios in France Updated On Thu, Feb 25th, 2021 by Saurenergy In line with its business model for the development of its renewables business, Total, through Total Quadran – its 100% renewable electricity production subsidiary in France, farms down respectively to Banque des Territoires and Crédit Agricole Assurances half of its equity in two portfolios of renewable projects. Crédit Agricole Assurances acquires a 50% stake in […] Read more
RP Global to Develop a 1GW Solar PV and Wind Project Pipeline in Poland Updated On Wed, Feb 24th, 2021 by Saurenergy Renewable energy developer and investor RP Global is investing in the development of Solar PV and wind power projects across the country. Wojciech Glocko, former EPA Wind and utility manager, has been hired to head up project development together with a team of senior local experts from Poland’s leading public and private renewable energy organisations. RP Global is working […] Read more
Record 33.6 GW of Wind and Solar Capacity Added to US Grid in 2020: BNEF Updated On Tue, Feb 23rd, 2021 by Saurenergy A new report has found that in a year faced with COVID-19, a record 33.6 GW of wind and solar capacity was added to the US grid in 2020. Faced with the COVID-19 pandemic and sharp economic contraction, the US clean energy sectors showed strong resilience in 2020, continuing a decade-long growth trend, BloombergNEF (BNEF) […] Read more
Solar now the Leading Source of Renewable Energy in India: MNRE Updated On Tue, Feb 23rd, 2021 by Saurenergy MNRE in its January 2021 report, has detailed that solar, with 38.79 GW installed, is now the leading source of renewable energy in India The Ministry of New and Renewable Energy (MNRE) has issued a monthly summary for the Cabinet for the month of January 2021, detailing all the events and development that took place during the […] Read more
