PFC Records Growth in Both Topline and Bottomline in COVID Affected Q1 Updated On Fri, Aug 14th, 2020 by Saurenergy PFC has reported strong financial results for COVID affected Q1, recording growth both in its topline and bottomline for the quarter. Amid rising strain in the power sector with faltering demand and increasing indebtedness, state-owned power sector financing institution, Power Finance Corporation (PFC) has reported a strong outcome in its financial results for COVID affected April-June quarter […] Read more
NMAMIT Team Transforms ICE Vehicle to Electric Vehicle Updated On Thu, Aug 13th, 2020 by Saurenergy A team from the Department of Electrical & Electronics Engineering at the NMAMIT has transformed an ICE vehicle into an energy efficient Electric Vehicle. A team of students and teachers of the Department of Electrical & Electronics Engineering at the NMAM Institute of Technology (NMAMIT) in Karnataka have transformed a petrol-based internal combustion engine (ICE) […] Read more
Andhra Pradesh to set up Energy Conservation Cells in Government Departments Updated On Wed, Aug 12th, 2020 by Saurenergy The government of Andhra Pradesh is planning to set up Energy Conservation Cells in all its departments to promote efficient use of energy at all levels In a bid to promote energy conservation and efficiency, the state government of Andhra Pradesh is planning to set up Energy Conservation Cells (ECC) in all its departments to promote efficient use of […] Read more
EDPR Sells its 242 MW Wind Portfolio for EUR 426 Mn to Finerge Updated On Wed, Aug 12th, 2020 by Saurenergy EDPR has signed an agreement with Finerge to sell its entire stake in a 242 MW operational wind portfolio to the Portuguese firm for EUR 426 million. EDP Renewables, a global leader in the renewable energy sector and one of the largest wind energy producers in the world, has signed a Sale and Purchase Agreement […] Read more
Vestas Surpasses 1 GW Order Intake in China in 2020 With two new Orders Updated On Wed, Aug 12th, 2020 by Saurenergy Vestas has received two new orders in China, which has taken the manufacturers’ order intake in the country well over the 1 GW mark for the year 2020. Global wind major Vestas has announced that it has received two new orders for the supply of wind turbines for wind energy projects in China which have […] Read more
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
Brookfield Renewable to Issue Green Bonds Worth $318.75 Mn Updated On Wed, Aug 12th, 2020 by Saurenergy Brookfield Renewable Partners has agreed to issue USD 318.75 million aggregate principal amount of medium-term notes (green bonds). Brookfield Renewable Partners has announced that it has agreed to issue CDN$ 425 million (USD 318.75 million) aggregate principal amount of medium-term notes (green bonds), Series 14, due August 13, 2050, which will bear interest at a […] 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
PTC India Reports net Profit of Rs 100 Crore in April-June Quarter Updated On Wed, Aug 12th, 2020 by Saurenergy PTC India has posted a consolidated net profit of just over Rs 100 crore (100.6) for the April – June quarter, witnessing a 7 percent increase YoY. PTC India, a power trading solutions provider, has reported its financial results for the April – June quarter of the financial year 2020. The company has managed to […] Read more
