Saphire is proud to announce that the Company successfully divested its operating Hungarian solar portfolio.

Renewable Energies (RES) have accelerated the electrification of developing and emerging countries in recent years. In particular, decentralized solar systems were able to provide access to electricity in rural regions. Using case studies in Bangladesh, Yemen, Kenya and Nigeria, economists from the German Institute for Economic Research (DIW Berlin) and researchers from the Technical University (TU) Berlin have investigated the conditions under which electrification is developing particularly well.

In future, according to DNVGL and other stakeholders, natural gas will become the key cornerstone of energy supply and remain so until 2050. This is especially owed to the weaknesses of variable renewable energy sources like wind and solar energy. LNG will overcome the intermittence issue of solar and wind. as long as green hydrogen is not available at low cost. However, only 13% of natural gas used in 2050 will be decarbonized. Battery storage is not perceived as a killer application.

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels.

A 100% renewable energy system enables the EU to become climate neutral before 2050, complying with an ambitious 1.5°C Paris Agreement target, and without resorting to carbon sinks.