South Africa to Turn to Renewable Energy Amid Power Cuts Updated On Fri, Feb 14th, 2020 by Saurenergy South African president Cyril Ramaphosa has said that the coal-dependent country will soon turn to renewable energy as one way to help ease power cuts South African president Cyril Ramaphosa has said that the coal-dependent country will soon turn to renewable energy as one way to help ease power cuts that have “severely set back” efforts to rebuild the […] Read more
Adani Transmission Q3 Net Profit Zooms 32% to Rs 204 Cr Updated On Thu, Feb 13th, 2020 by Saurenergy Adani Transmission Ltd (ATL), an arm of the Adani Group, has reported a jump of 32 per cent in its consolidated net profit after taxes (PAT) at Rs 204 crore for the third quarter ended December 31, 2019, strongly driven by superlative operational performance. “The consolidated net profit of the company stood at Rs 154 crore […] Read more
Q3 results. Sterling and Wilson Continues To Answer More Questions Updated On Thu, Feb 13th, 2020 by Saurenergy With the fracas over repayment of loans to promoters barely dying down, Sterling and Wilson’s rocky start to its relationship with the markets was supposed to become steadier. Instead, the firm found itself preparing for a barrage of questions, after underwhelming results. Readers might recall the punishment the firm’s stock price took, when it was […] Read more
Govt Asks Solar Manufacturers to Submit List of Items for Basic Custom Duty Exemption Updated On Thu, Feb 13th, 2020 by Saurenergy In a step towards providing further relief to domestic solar manufacturers in the country, the Government on Thursday has asked the solar photovoltaic (PV) manufacturers and related associations to submit their list of items to be included in the Basic Custom Duty (BCD) exemption list. In this regard, the Ministry of New and Renewable Energy […] Read more
Global Electric Vehicle Sales to Surge in 2020s: Wood Mackenzie Updated On Thu, Feb 13th, 2020 by Saurenergy The electric vehicle sector requires external support to become competitive and while its market share is small, WoodMac expects a decade of growth Despite the electrification movement growing in popularity, Electric Vehicles (EVs) accounted for 3 percent of all vehicle sales and represented only 0.5 percent of all vehicles on the road in 2019. The […] Read more
EDF Acquires 50% Stake in 1 GW Codling Offshore Wind Project in Ireland Updated On Thu, Feb 13th, 2020 by Saurenergy The EDF Group has acquired a 50 percent interest in the 1 GW Codling offshore wind farm project in Ireland from Hazel Shore. The EDF Group has acquired a 50 percent interest in the Codling offshore wind farm project in Ireland from Hazel Shore. Its subsidiary EDF Renewables, dedicated to wind and solar energy across […] Read more
Tariff of Renewable Plus Storage Tenders now Competing With Thermal Updated On Thu, Feb 13th, 2020 by Saurenergy In the last one year in India, there has been a growth spurt in storage tender issuance, however, only for a few small tenders, the auctions are successful. In most other tenders, the storage capacity was so high that it leads to infeasible tariffs, and eventually to cancellations of many of these tenders, JMK Research […] Read more
US Power Industry Sees a Drop of 4.1% in Deal Activity in December 2019 Updated On Thu, Feb 13th, 2020 by Saurenergy The US power industry saw a drop of 4.1 percent in overall deal activity during December 2019, when compared with the last 12-month average The US power industry saw a drop of 4.1 percent in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database. A total […] Read more
Avangrid to Develop Oregon’s Largest Solar Farm; Inks 15 Yr PPA with PGE Updated On Wed, Feb 12th, 2020 by Saurenergy Oregon-based fortune 1,000 public utility Portland General Electric (PGE) has entered into a power purchase agreement (PPA) with Avangrid Renewables, an arm of Avangrid Inc., to buy electricity generated through solar power. As per the 15 year deal, the company will purchase power generated from a new 162 MW solar facility. Avangrid Renewables will develop […] Read more
