Shell, Baker Hughes Partner on Net-zero Targets & Solutions Updated On Thu, Nov 11th, 2021 by Saurenergy Oil major Royal Dutch Shell’s clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes’ facilities in United States for a two-year period, the companies said on Wednesday. Baker Hughes will provide low-carbon technology solutions for Shell’s LNG fleet. The RECs are tradable instruments substantiating that electricity has been generated from renewable […] Read more
Australia Plans $740 M Fund to Develop Low-emissions Tech Updated On Thu, Nov 11th, 2021 by Saurenergy Australia will establish a A$1 billion ($740 million) fund to invest in companies that develop low-emissions technology, the country’s Prime Minister, Scott Morrison, said on Wednesday, as Canberra seeks to cut carbon emissions to net zero by 2050. Under the plan, the federal government in Australia will commit A$500 million to the fund, matched by […] Read more
IOC, BPCL, HPCL Target 22,000 EV Charging Stations In 5 Years Updated On Wed, Nov 10th, 2021 by Saurenergy Indian Oil Corporation (IOC) and two other public sector oil firms will install 22,000 electric vehicle (EV) charging stations over the next 3-5 years to support the nation’s target to reduce its carbon intensity and reach net zero emissions by 2070. IOC, the country’s largest state-controlled refiner by capacity, will set up EV charging facilities […] Read more
Aker Offshore, Ocean Winds and Statkraft Team Up For Offshore Wind in Norway Updated On Mon, Nov 8th, 2021 by Saurenergy Aker Offshore Wind, Ocean Winds, and Statkraft have signed a collaboration agreement to bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area in Norway. While Akers and StatKraft are Norway based firms, Ocean Winds is the result of a 50-50 joint venture by EDP Renewables (EDPR) and ENGIE […] Read more
UK Might Mfg Magnets Used in EVs, Turbines to Cut Reliance on China Updated On Fri, Nov 5th, 2021 by Saurenergy The UK could revive domestic production of super strong magnets used in electric vehicles and wind turbines with government support, to cut its reliance on China and achieve vital cuts in carbon emissions, according to media reports. A government-funded feasibility study, which was due to be published today, lays out the steps Britain must take […] Read more
CERC Refuses to Intervene in SB Energy’s PPA/PSA with NTPC & PSPCL Updated On Wed, Nov 3rd, 2021 by Saurenergy In a recent order, the Central Electricity Regulatory Commission (CERC) turned down SB Energy’s plea to direct NTPC Ltd. and Punjab State Power Corporation Limited (PSPCL) to neither terminate the PPA and PSA signed between the parties nor undertake any coercive action, such as invocation of the performance bank guarantee, and to extend timelines for Condition […] Read more
IOC Plans to Install 10,000 EV Charging Stations by 2024 Updated On Wed, Nov 3rd, 2021 by Saurenergy India’s leading oil manufacturing company Indian Oil Corporation Ltd. (IOC) has decided to join the EV bandwagon by offering to set up electric vehicle charging stations across the country. The company has announced that in order to help widen India’s EV infrastructure, it will install 10,000 EV chargers across the country by 2024. The announcement […] Read more
Projects to Create Green Grid, CCS Hubs Across ASEAN, Australia Updated On Thu, Oct 28th, 2021 by Saurenergy National authorities and companies across Southeast Asia and Australia are seeking ways to pool renewable energy resources and form a green power grid in the region, according to media reports. Below are some of the projects engaged in developing this green grid that have been announced: ASEAN Members of the Association of Southeast Asian Nations […] Read more
Clean Energy Index Launched In Bloomberg, Goldman Sachs Collaboration Updated On Thu, Oct 28th, 2021 by Saurenergy Bloomberg and Goldman Sachs Asset Management have announced the launch of the Bloomberg Goldman Sachs Global Clean Energy Index. Designed with the energy expertise at both firms, the index is a modified free float-adjusted market capitalization weighted index tracking the performance of over 175 global equities with significant business exposure to the clean energy sector. […] Read more
