Emerging Nations To Account For 85% Electricity Demand By 2027-IEA Updated On Mon, Feb 17th, 2025 by Saurenergy Global electricity demand rose by 4.3% in 2024 and is forecast to continue growing at close to 4% through 2027. Over the next three years, global electricity consumption is expected to rise by 3,500 TWh, according to a recent report by the International Energy Agency (IEA). Moreover, the study found most additional electricity demand through […] Read more
Will 7.5 GW Green Energy Auction Be a Game-Changer for Philippines? Updated On Fri, Feb 14th, 2025 by Saurenergy The Philippines’ Department of Energy (DOE) announced on Tuesday the successful completion of the 3rd Green Energy Auction (GEA-3), offering 7,500 megawatts (MW)—well above the 4,650 MW installation target. The auction aligns with President Ferdinand Marcos Jr.’s energy agenda, aimed at accelerating the shift to renewable energy (RE) and strengthening the country’s energy security and […] Read more
Australia Sees Record-Breaking Clean Energy Investment Since 2018 Updated On Thu, Feb 13th, 2025 by Saurenergy Clean Energy Council released its Q4 2024 Quarterly Clean Energy Investment Report, Large-Scale Renewable Generation and Storage, indicating that 2024 was best year for large-scale renewable energy investment in Australia since 2018. The island nation attracted about USD 9 billion in total capital investment in 2024. In total, 4346 MW of new generation capacity, worth […] Read more
China’s Renewable Sector Enters New Era with Market-Driven Pricing Updated On Wed, Feb 12th, 2025 by Saurenergy China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice outlining measures to deepen the pricing reform for electricity generated from renewable sources. The reform focuses on three key areas: allowing market forces to determine renewable power prices, creating a pricing and settlement mechanism that supports long-term […] Read more
Clean Energy Financing: Are We Investing Enough? Updated On Wed, Feb 12th, 2025 by Saurenergy Finance plays a vital role in the global push for renewable energy. Over the past decade, clean energy investments have grown significantly, driving gigawatt-scale renewable capacity additions and supporting related sectors, particularly in Asia, the Middle East, Europe, and North America. However, much more needs to be done for countries to meet their renewable energy […] Read more
Canadian Solar To Deliver 960 MWh ESS In Australia Updated On Tue, Feb 11th, 2025 by Saurenergy Canadian Solar has announced that e-STORAGE, a part of its subsidiary CSI Solar Co., Ltd. (CSI Solar), has signed a contract with Copenhagen Infrastructure Partners (CIP). This agreement, made through CIP’s fifth fund, Copenhagen Infrastructure V, is for the delivery of a 240 MW/960 MWh battery energy storage system in Summerfield, South Australia. e-STORAGE, a […] Read more
Global Renewables Cost Expected To Fall By 2-11%: BloombergNEF Updated On Fri, Feb 7th, 2025 by Saurenergy A latest report by BloombergNEF (BNEF) said that the global cost of clean power technologies such as wind, solar, and battery technologies is expected to fall further by 2-11% in 2025, breaking last year’s record. According to the report, new wind and solar farms are already undercutting new coal and gas plants in production costs […] Read more
Budget 2025: Experts Expect Spur In India’s Renewable Growth Updated On Mon, Feb 3rd, 2025 by Saurenergy The 2025 Budget brought forward by Union Finance Minister Nirmala Sitharaman raised new hopes for the Indian solar sector. With an increase in the budgetary allocations for the overall solar sector and higher budgets for key schemes like PM Surya Ghar, PM-KUSUM and solar power transmission infrastructure, the industry is looking at a healthy growth […] Read more
Australia Risks 12-18 GW Renewable Gap Due To Slow Investment, Study Finds Updated On Mon, Feb 3rd, 2025 by Saurenergy Australia has run into plenty of problems regarding its solar capacity. 2024 saw the continuing issue of curtailments as solar was regularly oversupplied to a grid run on baseload coal and gas power. The rush to build large batteries has helped, but not enough clearly. The National Electricity Market (NEM) is stalling investment in Australia’s […] Read more
