Canada Launches $800 M RE & Grid Modernisation Program Updated On Fri, Jun 4th, 2021 by Saurenergy Seamus O’Regan Jr., Canadian Minister of Natural Resources, recently launched a CAD 964 million (USD 800 mn) program that will support smart renewable energy and grid modernisation projects over four years, aiming to lower emissions and help the country achieve carbon neutrality by 2050. “Our new Smart Renewables and Electrification Pathways Program will increase our […] Read more
BP Acquires 9 GW Solar Portfolio in the U.S. Updated On Wed, Jun 2nd, 2021 by Saurenergy British oil and gas giant BP plc announced yesterday that it is purchasing 9 GW of solar development projects in the US from independent US solar developer 7X Energy, pouring $220 million and 1 GW of “safe harbour” equipment into the deal. The projects are expected to meet bp’s laid down low carbon investment criteria, […] Read more
Is ‘Oil Miracle’ Middle East Now Seeking to Become a Hydrogen Capital? Updated On Tue, Jun 1st, 2021 by Saurenergy In the wake of hydrogen, especially green hydrogen (produced through electrolysis using renewable energy), being posited as an ideal alternative to fossil fuels for producing electricity, the oil powerhouse Middle East has set out to become a major producer of the new clean fuel—green H2. Many oil-dependent economies within the OPEC (Organization of the Petroleum […] Read more
U.K. Govt Gives a £166.5 Million Major Cash Boost to Green Tech Updated On Thu, May 27th, 2021 by Saurenergy The UK government recently announced a £166.5 million cash injection for the country’s green technology and development, as part of the Green Industrial Revolution. The funding package will help the UK meet its climate targets, create jobs, and decarbonise its most polluting industries. Energy Minister Anne-Marie Trevelyan said, “Just 6 months ago, the Prime Minister set […] Read more
Bahrain Formula 1 Circuit Tenders for 3 MW Solar Project Updated On Mon, May 24th, 2021 by Saurenergy Bahrain International Circuit, the Formula 1 Bahrain Grand Prix, has partnered with the Kingdom of Bahrain’s Sustainable Energy Authority (SEA), to issue an international public tender for the development of a major new solar farm of 3MW, to be positioned at the circuit. Bahrain International Circuit (BIC) is located in the center of the Sakhir […] Read more
Spain: Total Signs a 45 MW Renewable Corporate Power Purchase Agreement with Merck1 Updated On Fri, May 21st, 2021 by Saurenergy Total and MSD, known as Merck & Co. signed a major renewable corporate power purchase agreement (CPPA) over a period of 10 years, with 90 GWh a year of clean energy produced by a 45 MW utility-scale solar power projects from Total’s portfolio in Spain, Castilla La Mancha region. As part of its ambition to get […] Read more
National Grid and RWE Renewables Sign Partnership to Jointly Bid in the New York Bight Lease Auction Updated On Fri, May 21st, 2021 by Saurenergy Partnership supports both companies’ goals to advance a clean energy future for all and achieve net zero National Grid, one of the world’s largest publicly listed utilities, and RWE Renewables (RWE), one of the world’s leading renewable energy companies, today announced the signing of a partnership agreement to jointly develop offshore wind projects in the coastal region […] Read more
RE Certificates Worth Over Rs 9,000 Cr Sold in India to Date: CEEW-CEF Updated On Thu, May 20th, 2021 by Saurenergy According to an independent study released today by the CEEW Centre for Energy Finance (CEEW-CEF), India’s Renewable Energy Certificate (REC) market has recorded net sales worth INR 9,266 crore during its decade of existence. The CEEW-CEF is an initiative of the Council on Energy, Environment and Water (CEEW), one of Asia’s leading think tanks. CEEW-CEF […] Read more
IEA Report Advises Shutting Out Fossil Projects Now, To Reach 1.5C Target Updated On Wed, May 19th, 2021 by Saurenergy The International Energy Agency (IEA), one of the premier energy modeling agencies and until recently, a key backer of the perception that fossil fuel’s still have a future (of sorts), has finally changed track. In a recommendation that will surprise many people, and please even more who have been calling for the same, the agency […] Read more
