Author: Saur News Desk

Research institution S&P Global has published the Solar Tracker Market Report 2024, which says global shipments of solar trackers reached 94GW in 2023, 29% more than in 2022. Global market distribution began to shift last year, with the market share of the United States, traditionally the largest market for solar trackers, falling from 47% to 38%. In contrast, emerging markets grew markedly, with notable increases in Saudi Arabia, India and Uzbekistan. TrinaTracker ranked sixth in global shipments in 2023, and third in key countries and regions, S&P Global said. TrinaTracker’s global market share reached 6%, double that of the previous…

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Tabreed, the world’s leading district cooling company, has wrapped its sponsorship and participation at the third edition of the Asia Urban Energy Assembly in Bangkok, Thailand. Strategically an extremely promising market for sustainable cooling, Tabreed is seeking new opportunities across Southeast Asia, where the effects of global temperature rises are posing ever greater risks to society. Directly addressing, and engaging with, developers, architects, planners, engineers, consultants and government officials, members of Tabreed’s senior management made a clear and compelling case for district cooling to be considered an essential part of sustainable infrastructure. As new smart cities are being planned, responsible…

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A recent report by REN21 found solar manufacturing to be concentrated geographically in just five countries, which are estimated to produce more than 90% of the global capacity for producing solar modules. These countries are namely reported to be, China which leads with around 80% of overall solar PV manufacturing capacity, followed by Vietnam, India, Malaysia, and Thailand. REN21, a policy network and a multistakeholder governance group report highlighting growth in India’s renewable energy strategy. The report showed that, in 2023, renewable energy globally was on a path of recovery and progress, set against persistent challenges and disparities among technologies…

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JinkoSolar Holding Co, announced that it has signed a Heads of Terms with kIEFER to supply SunTera, a large-scale battery storage system, to Athens International Airport (AIA), fulfilling its pledge to achieve Net Zero Carbon Emissions by 2025. When completed, AIA will be the first international airport in the world to operate a 100% self-consumption system, as well as the largest system in an airport worldwide. “We’re thrilled to be partnering with Jinko,” Kiefer General Manager Christos Petrocheilos stated. “We are thrilled to partner with kIEFER in this brand-new era of solar energy storage systems in Greece,” said Frank Niendorf,…

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TotalEnergies has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) B.V. owns and operates a 37.5% interest in Block B, alongside Shell Deepwater Borneo (35%) and Brunei Energy Exploration (27.5%). Block B, located 85 kilometers off the coast of Brunei, contains the Maharaja Lela/Jamalulam (MLJ) field, which started producing in 1999 and represented a net production for TotalEnergies of approximately 9,000…

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Leading inverter and energy storage company Sungrow held the “Sungrow Bridge: Ph.D Talk in Shanghai” technology and brand value proposition exchange meeting in Shanghai, which gathered together technical experts, doctors, industry leaders, and approximately 40 media representatives specializing in the realm of clean power conversion. The event aimed to delve into the theme of “Bridge to a Sustainable Future” by exploring technological innovation and application trends in this crucial sector. As stated by Connie Wang, Vice President of Sungrow, in her inaugural address, the “Bridge to a Sustainable Future” value proposition encapsulates not only the fundamental logic of technology, the…

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A latest report from the International Energy Agency said that with the rise of Electric Vehicle (EV) boom in China, its dependency on fossil fuels like oil is set to plummet.\ “China will continue to dominate growth in petrochemicals and gains of 1.4 mb/d in feedstock products will be close to the country’s overall increase to 2030. On the other hand, rapid deployment of clean energy technologies will balance strong underlying mobility growth. Climbing EV sales and the impacts of infrastructure investments such as high-speed rail have blunted gasoline demand growth and China’s use of the fuel is set to…

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A recent report from Bloomberg claimed that the bolstering of electric mobility in South Asian countries like India, Thailand and other could change the regional Electric Vehicle (EV) market. The report indicated a general trend where, electric vehicles (EVs) are displacing 1.7 million barrels per day of oil usage, which is equivalent to about 3% of total road fuel demand. Currently. there are 722 million passenger EVs that are expected to be on the road in 2040 in the Economic Transition Scenario. The Bloomberg study found that there is a 380 million gap in the number of electric passenger vehicles…

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(By Simone Buffa, Cofounder, The ImPart Collective) In the current corporate scenario, the integration of Environmental, Social and Governance (ESG) into every business ecosystem has become extremely important. Following the Kyoto Protocol which was adopted in December 1997 and came into force on 16 February 2005, nearly 200 parties across the world have committed to emission reduction. With increasing consciousness about our environment, businesses are moving towards net-zero models. Regulatory Pressure With the world waking up to environmental concerns, regulations on businesses are getting more and more stringent. The Kyoto Protocol defines the mechanism of cap and trade at worldwide…

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A latest report from the International Energy Agency (IEA) said that several countries in Southeast Asia have their renewable energy targets. The report by the international energy think tank said that eight out of 10 countries in the region have announced target dates of carbon neutrality: Singapore, Malaysia and four others in 2050; Indonesia in 2060; and Thailand in 2065. However, the report said that the lesser investments towards renewable had been a concern and posing new challenges. “For the moment, there are significant gaps between investment trends and the region’s long-term goals. Southeast Asia’s spending on clean energy represents…

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