Global Clean Energy Investment Jumps 17%, Hits $1.8 Trillion: BloombergNEF Updated On Thu, Feb 1st, 2024 by Saurenergy The latest report on Energy Transition published by energy think tank BloombergNEF said that the global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion. The report titled, ‘Energy Transition Investment Trends 2024 ‘, said that this number is a new record level of annual investment and demonstrates the resilience of […] Read more
Electricity Demand Growth Grew Fastest In India, China: IEA Report Updated On Mon, Jan 29th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that electricity demand in 2023 plummeted in the United States and European countries. It, however, said that the power demand in India, China, and some South Asian countries grew rapidly. The global energy think tank attributed several reasons for the same. The report said that while China, […] Read more
Remove Fossil Fuel Subsidy To Meet 2030 RE Targets: BloombergNEF Updated On Tue, Nov 28th, 2023 by Saurenergy A latest report from BloombergNEF on the issue of global renewable targets claimed that solar is on track for what’s needed to achieve the 2030 target. The report highlighted that the world needs to reduce subsidies in fossil fuels to boost the growth of renewables. This comes at a time when several global leaders are […] Read more
Solar Power Costs Dipped 87% Globally In Last 10 Years: Study Updated On Tue, Sep 26th, 2023 by Saurenergy A recent report by the Mercator Research Institute on Global Commons and Climate Change claimed that the cost of electricity from solar power globally has fallen by 87 percent in the last 10 years. At the same time, the cost of battery storage plummeted by 85 percent during the same period. The recent innovation in […] Read more
Renewables Led To Saving Of $520bn in Fuel Costs Globally: IRENA Updated On Wed, Aug 30th, 2023 by Saurenergy A new report by the International Renewable Energy Agency (IRENA) claimed that the global power sector saved $520 billion in fuel costs last year, owing to the increasing adoption of renewable energy sources. The report underscores how the ongoing fossil fuel price crisis catalyzed the competitiveness of renewable power sources. In 2022, 86 percent, equivalent to 187 Gigawatts (GW), […] Read more
Chinese Manufactucturers Flex Muscle In Wind Energy Too With 60% Market Share Updated On Mon, Aug 21st, 2023 by Saurenergy While the world has been familiar with Chinese dominance of the solar sector, it is the wind energy sector where Chinese manufacturers have been making even faster strides. Onshore wind energy is dominated by Chinese firms today, even as Offshore wind, the last ‘frontier’ for western dominance, continues to crumble in the face of the […] Read more
Global Offshore Wind Sector has Potential to Grow to 200 GW by 2030 Updated On Fri, Jun 28th, 2019 by Saurenergy A new report has predicted that the global offshore wind sector could expand to over 200 GW by 2030 if it lives up to its potential. A new report ‘Global Offshore Wind Report’, by the Global Wind Energy Council (GWEC) has predicted that the global offshore wind sector could expand to over 200 GW by 2030 […] Read more
Global Microgrid Market Is Estimated To Reach $35 billion by 2022 : Research and Markets Updated On Wed, Jan 11th, 2017 by Saurenergy Growing emission of toxic gases and extreme weather conditions is a major factor which drives the microgrid market. Research and Markets forecasts the global microgrid market to reach $35 billion by 2022 with CAGR of 12% during 2016-2022. Many factors such as low costs for clean energy, energy storage technologies in microgrids, the military […] Read more
