Energy
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Renewable
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Energy
generation

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About Saphire

Saphire Sustainable Development (“Saphire”) leverages a broad range of comprehensive custom utility scale energy efficiency and renewable energy solutions including design, implementation, operation and complete project financing. Saphire is a leader in electricity, heat and cooling energy generation, designed to reduce emission and cut energy cost....

31.08 News

Solar power generation hits record peak in the European Union in summer 2021

For the first time, solar panels generated ten percent of EU-27 electricity during their peak months of June and July with 39 TWh this year, up from 28 TWh in the reference period in 2018. The EU saw solar generation increase by 5.1 TWh between June-July 2020 and 2021, a larger year-on-year change than in 2020 (+3.1 TWh) or 2019 (+2.6 TWh), according to an analysis by UK based energy think tank Ember.

06.09 Trends

Europe faces an energy shock after gas and power prices sky rocket

The wholesale exchange in Leipzig; Germany, records the highest electricity prices in more than a decade. Industry fears for its competitiveness, but consumers could also soon be affected. At 70 Euros per megawatt hour (1000 kilowatt hours), the current prices at which electricity is currently traded on the wholesale exchange in Leipzig have reached their highest level in twelve years. Since March 2020, this even corresponds to an outright doubling within one and a half years.