Vestas Ventures Invests in Wood Technology Startup Modvion Updated On Thu, Feb 18th, 2021 by Saurenergy Vestas Ventures invests in wood technology start-up Modvion, to create sustainable products and low-carbon value chain Vestas, the global leader in sustainable energy solutions, has invested in Swedish wood technology company Modvion, in a move towards creating fully sustainable products and solutions, and reducing carbon emissions from our value chain. The investment sees Vestas becoming […] Read more
Global EV Sales to Reach 62 Mn per Year by 2050: WoodMac Updated On Wed, Feb 10th, 2021 by Saurenergy In its latest report, Wood Mackenzie has revealed that Electric Vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock reaching over 700 million. The report suggested, shortly before that date, in 2047, battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and fuel cell […] Read more
Australia Needs Ambitious RE Target Policy to Unlock Investments: WoodMac Updated On Fri, Feb 5th, 2021 by Saurenergy Australia needs an ambitious long-term Renewable Energy (RE) Target policy to unlock future investments, according to Wood Mackenzie Australia needs an ambitious long-term Renewable Energy (RE) Target policy to unlock future investments, according to research firm Wood Mackenzie. The share of renewables in the country’s National Electricity Market (NEM) power generation mix is expected to […] Read more
Solar now the Cheapest Source of new Power in Many Markets: WoodMac Updated On Thu, Jan 21st, 2021 by Saurenergy A new report finds that by 2030, solar will become the cheapest source of new power in every US state, plus Canada, China & 14 other nations The cost of solar power has dropped 90 percent over the last two decades, and will likely fall another 15 percent to 25 percent in the decade to […] Read more
FTM Storage Costs to Decline 30% by 2025 in Asia Pacific: WoodMac Updated On Wed, Jan 20th, 2021 by Saurenergy All-in FTM battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, as per Wood Mackenzie. All-in front-of-the-meter (FTM) battery storage system costs in Asia Pacific markets could decline by more than 30 percent by 2025, according to research and consultancy firm Wood Mackenzie. Storage system prices fell […] Read more
Vestas, Siemens Gamesa and GE Will Capture 60% of Global Market by 2029: WoodMac Updated On Tue, Dec 8th, 2020 by Saurenergy The top three wind turbine OEMs – Vestas, Siemens Gamesa and GE – will increase their combined global market share to 60 percent by 2029. According to a new report, the top three wind turbine players (OEMs) in the world, in Vestas, Siemens Gamesa Renewable Energy and GE Renewable Energy, will increase their combined global […] Read more
Global Solar Installations to hit 115 GW in 2020, Only 4.9 GW for India: WoodMac Updated On Wed, Oct 28th, 2020 by Saurenergy As global solar PV markets continue to weather the challenges posed by the pandemic, solar PV installations are expected to hit 115 GW dc this year. As global solar PV markets continue to weather the challenges posed by the coronavirus pandemic, solar PV installations are expected to hit 115 GW dc this year, according to […] Read more
PV Module Innovations to Help Drive Down Solar Costs in 2020s: WoodMac Updated On Fri, Oct 23rd, 2020 by Saurenergy In the 2020s, improvement in module efficiency and power class will propel the declining capex trend-forward and ultimately lower the solar LCOE The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar […] Read more
Over 17 GW of Wind Turbine Capacity Ordered Globally in Q2 2020: WoodMac Updated On Fri, Oct 16th, 2020 by Saurenergy The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally, according to a new analysis from Wood Mackenzie. The second quarter of 2020 (Q2) saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated USD 16 billion, according to a new analysis […] Read more
