Bailout Package of Rs 90k Cr to Provide Only Temporary Relief to Discoms, Says Ind-Ra Updated On Tue, May 26th, 2020 by Saurenergy The bailout package of Rs 90,000 crore, announced recently by Finance Minister Nirmala Sitharaman, would only provide temporary relief to power distribution companies (Discoms), but not a long-term solution to their woes, said a leading credit rating agency India Ratings and Research (Ind-Ra). With an aim to infuse liquidity into the cash-strapped Discoms, the government […] Read more
Siemens Gamesa Wins 30-Yr Deal for O&M of 226 MW Wind Farm in Australia Updated On Sat, May 23rd, 2020 by Saurenergy Spanish wind turbine manufacturer Siemens Gamesa has secured a 30 year, full scope operation and maintenance (O&M) services contract to service Senvion’s 61 wind turbines at the Murra Warra wind farm in Victoria, Australia. Significantly, the company’s know-how of Senvion technology will ensure performance continuity of Senvion’s most advanced onshore wind turbines powered at 3.7 […] Read more
Inox Wind Arm Sells Entire 51% Stake in Sri Pavan Energy Updated On Sat, May 23rd, 2020 by Saurenergy Inox Wind, a leading wind energy solutions provider in India, said that its wholly-owned subsidiary, Inox Wind Infrastructure Services Ltd (IWISL), has sold its entire 51 per cent shareholding in Sri Pavan Energy for about Rs 5.1 lakh. The Kailash Lal Tarachandani-led company said in a regulatory filing that, “our wholly-owned subsidiary, Inox Wind Infrastructure […] Read more
Siemens Gamesa Launches the World’s Largest Offshore Turbine at 14 MW Updated On Fri, May 22nd, 2020 by Saurenergy Siemens Gamesa Renewable Energy has launched its new SG 14-222 DD offshore Direct Drive wind turbine with an unprecedented 14 MW capacity Offshore at its strongest! Featuring a capacity of up to 15 MW with Power Boost and a 39,000 m2 swept area, the new generation of our Direct Drive platform has an AEP increase […] Read more
Pandemic is Hurting but not Halting Global Renewable Growth: IEA Updated On Fri, May 22nd, 2020 by Saurenergy The COVID-19 Pandemic will force 2020 to witness the first annual decline in new renewable additions in 20 years, but their growth is expected to bounce back next year. The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the […] Read more
ONGC and NTPC to Form JV for Renewable Energy Business Updated On Fri, May 22nd, 2020 by Saurenergy ONGC and NTPC ltd are planning to set up a JV company to explore offshore wind projects amongst other renewable projects in India and abroad. #ONGC and @NTPClimited signed an MoU today to set up a Renewable Energy JV. It was signed by ONGC Director (Fin) In-charge Business Development & Joint Ventures Subhash Kumar and […] Read more
Vistra Energy to Expand its 300 MW BESS Facility in California Updated On Thu, May 21st, 2020 by Saurenergy Vistra Energy has announced that subject to approval by the CPUC, it will expand the size of the BESS at its Moss Landing site in Moss Landing, California. Vistra Energy has announced that subject to approval by the California Public Utilities Commission (CPUC), it will expand the size of the battery energy storage systems (BESS) […] Read more
Energy Storage Market to Rebound Strongly in 2021: Frost & Sullivan Updated On Thu, May 21st, 2020 by Saurenergy Despite the current COVID-19 pandemic, the medium-term future for energy storage remains bright according to a new analysis by Frost & Sullivan. Despite the current COVID-19 pandemic, the medium-term future for energy storage remains bright according to a new analysis by Frost & Sullivan. The “Outlook for the Global Energy Storage Industry, 2020,” predicts the market to decline, […] Read more
Tata Power Posts Financial Results; Boosted by Renewable Business Updated On Thu, May 21st, 2020 by Saurenergy Tata Power has announced its FY2019-20 financial results, reporting a strong end to the year in the Q4 and strong performance in the renewable business. Tata Power, India’s largest integrated power company, has announced its FY2019-20 financial results. The firm reported a strong end to the year in the fourth quarter with consolidated Profit After […] Read more
