European Comm Approves Germany’s Problematic RE Law: WindEurope Updated On Mon, May 10th, 2021 by Saurenergy Last week the European Commission approved the latest amendments to the German Renewable Energy Act. This means Germany can now publish the results of its last onshore wind auction, and work on the relevant wind farms can start. But the Commission have set an unhelpful precedent by approving a new mechanism in the Act which […] Read more
Enel Group Releases Financial Results; Q1 2021 Unprofitable Updated On Mon, May 10th, 2021 by Saurenergy Enel Group, Italian multinational manufacturer and distributor of electricity and gas, has released the financial results of the first quarter of 2021. The company reports an 8.8% increase in investments and confirmation of yearly targets, among other data, but the quarter has not proved profitable for it. Revenues earned in this quarter were 17,107 million euros, […] Read more
Highest-ever Boom in Copper Amid Clean Energy Transition: Bloomberg Updated On Mon, May 10th, 2021 by Saurenergy According to recent analysis by Bloomberg, a New York City-headquartered data and media company, copper surged this week to its highest-ever and copper future prices rose as high as $10,440 a ton in London. This follows the boom in copper spread over the past year, which caused prices to double in the period. The year 2011 […] Read more
As RE Continues to Expand, India’s Battery Storage Market a Sleeping Giant: IEEFA Updated On Mon, May 10th, 2021 by Saurenergy Grid integration of large-scale variable renewables will be one of India’s biggest challenges as it aspires to decarbonise its power economy through deployment of 450 gigawatts (GW) of renewable energy (RE) by 2030. Reaching this target from the current installed renewable capacity of 93 GW will require average annual renewable capacity additions of ~35 GW. […] Read more
UK Charts Course for Net Zero North Sea: WoodMac Updated On Fri, May 7th, 2021 by Saurenergy Ambitious transition deal sets tough targets as UKCS players face tricky balancing act The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry’s capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050. A significant opportunity exists to create a supply […] Read more
India, Israel, UAE Sign Maiden Trilateral Trade Agreement Updated On Fri, May 7th, 2021 by Saurenergy At a recent event organised by the International Federation of Indo-Israel Chambers of Commerce (IFIICC) to discuss the ongoing business collaborations being pursued through IFIICC’s leadership across sectors, India, Israel and the UAE signed their maiden trilateral agreement. The partnership has been initiated by IFIICC, as part of which an Israel-based company, Ecoppia, is producing an […] Read more
Masdar To Develop Solar Plant in Greece With Taaleri Energia Updated On Fri, May 7th, 2021 by Saurenergy UAE based leading renewable energy company, Masdar has announced its first investment in Greece for developing a 65 megawatts (MW) solar PV project with Taaleri Energia, a firm that invests in solar and wind assets. A joint venture of both companies, Masdar-Taaleri Generation (MTG) will be managing the solar project alongside local partners, the Constantakopoulos […] Read more
PGE and Ørsted have Closed the Joint Venture Agreement for Polish Offshore Wind Projects Updated On Fri, May 7th, 2021 by Saurenergy With the closing of the agreement, which was first announced on 10 February 2021, PGE and Ørsted now each own 50% of the shares in the offshore wind projects Baltica 2 and Baltica 3, together comprising the Baltica Offshore Wind Farm, the largest offshore wind project in the Polish part of the Baltic Sea. The partners […] Read more
Ginlong Technologies (Solis) Achieves Another Year of Strong Sales Growth in 2020 Updated On Fri, May 7th, 2021 by Saurenergy Ningbo, China-Ginlong Technologies Co.,Ltd. (Solis) published its 2020 annual report. In 2020, the Company’s revenue reached 321.6 million, an increase of 83% year-on-year. Net profit attributable to the shareholders was USD 48.9 million, an increase of 151% year-on-year. Net profit after the deduction of extraordinary items was USD 43.1 million, +130% year-on-year. Net cash flow […] Read more
