Ørtsed Reports Strong First Half for 2020, Operating Profit of $1.5 Bn Updated On Wed, Aug 12th, 2020 by Saurenergy Ørsted has issued its interim report for the first half of 2020, reporting an operating profit (EBITDA) of USD 1.5 billion, an 11 percent increase YoY The Board of Directors at Ørsted has approved the interim report for the first half (H1) of 2020. The firm reported an operating profit (EBITDA) of DKK 9.8 billion […] Read more
Renewables in 2020 Will be Fastest-Growing Source of Electricity in the US: EIA Updated On Wed, Aug 12th, 2020 by Saurenergy The EIA has revealed that it expects renewables to be the fastest-growing source of electricity generation in the US in 2020. The US Energy Information Administration (EIA) has revealed in its Short Term Energy Outlook (STEO) that it expects renewables to be the fastest-growing source of electricity generation in the US in 2020. It has […] Read more
As Oil and Gas Shrink, Wind Industry Takes Over in Texas: IEEFA Updated On Tue, Aug 11th, 2020 by Saurenergy The wind industry in West Texas is booming an area known historically for its boom-and-bust oil cycles, concludes a report published by IEEFA. The wind industry in West Texas continues to create jobs, increase local tax revenues and drive economic development in an area known historically for its boom-and-bust oil cycles, concludes a report published by the Institute for Energy Economics […] Read more
CERC Issues Draft Amendments for ISTS Connectivity of RE Projects Updated On Mon, Aug 10th, 2020 by Saurenergy CERC has issued the draft amendments for its regulations and procedure for granting of connectivity to projects based on RE sources to the ISTS. The Central Electricity Regulatory Commission (CERC) has issued the draft amendments for its regulations and procedure for granting of connectivity to projects based on renewable energy (RE) sources to inter-State transmission […] Read more
Grasim Ties up With Cleanmax to set up 32.4 MW Wind Plant in Karnataka Updated On Mon, Aug 10th, 2020 by Saurenergy Grasim has executed an LLP Agreement with Cleanmax Enviro Energy to establish and procure power from a 32.4 MW wind energy power plant in Karnataka. Grasim Industries has announced that it has executed an LLP Agreement with Cleanmax Enviro Energy (Generator) and Power Purchase Agreement (PPA) with CleanMax Power 3 LLP (Power Producer) to establish […] Read more
AEP Energy Partners Seeking Wind and Solar Energy Projects in PJM Updated On Wed, Aug 5th, 2020 by Saurenergy AEP Energy Partners (AEPEP), a subsidiary of AEP is seeking proposals for off-take from new solar and new or repowered wind facilities located in PJM. AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (AEP) is seeking proposals for off-take from new solar and new or repowered wind facilities located in PJM. The […] Read more
Record Low Price in Latest Onshore Wind Auction in Greece Updated On Wed, Aug 5th, 2020 by Saurenergy In its latest onshore wind auction, Greece has awarded 20-year contracts for more than 472 MW of onshore projects, including one at a new record low price. In its latest onshore wind auction, Greece has awarded 20-year contracts for more than 472 MW of onshore wind energy projects, including one at a new record low […] Read more
Voltalia Begins Setting Up 59 MW Brazil Wind Farm Updated On Wed, Aug 5th, 2020 by Saurenergy The VSM4 project is in Voltalia’s Serra Branca cluster, the world’s biggest wind-and-solar cluster Voltalia, an international player in renewable energy sector, started construction of its 59 MW VSM4 wind farm in the Serra Branca cluster, Brazil. Nordex Group is supplying the 17 wind turbines to be installed at the VSM4 site, each with a […] Read more
Siemens Gamesa Impacted by COVID, Reports Net Loss of €466 mn in Q3 Updated On Tue, Aug 4th, 2020 by Saurenergy Siemens Gamesa performance in Q3 of FY 2020 reflected the impact of COVID-19 on its operations as well as challenges in the Onshore business Siemens Gamesa performance in the third quarter (Q3) of FY 2020 (April-June) reflected the impact of COVID-19 on its operations as well as challenges in the Onshore business, due to the slowdown […] Read more
