Adani Power Posts 126% Growth in EBITDA for Q2 2020 Updated On Fri, Nov 6th, 2020 by Saurenergy Adani Power has reported a consolidated EBITDA of Rs 5,086 crore in Q2, a growth of around 126 percent over the same period last year. Adani Power, a part of the Adani Group, has reported its financial results for the second quarter (Q2) of the financial year 2020-21. The firm has reported a consolidated Earnings […] Read more
IOCL Signs MoU With IISc to Develop Hydrogen Generation Tech Updated On Mon, Nov 2nd, 2020 by Saurenergy IOCL has signed an MoU with IISc Bangalore to develop and demonstrate biomass gasification-based hydrogen generation technology. The Indian Oil Corporation (IOCL), the largest fuel retailer in India, has announced that it has signed a Memorandum of Understanding (MoU) with the Indian Institute of Science, Bangalore (IISc) to develop and demonstrate biomass gasification-based hydrogen generation […] Read more
Tata Power’s DSM Program Saves 6 GWh in Mumbai Distribution in FY20 Updated On Sat, Oct 31st, 2020 by Saurenergy Tata Power’s Demand Side Management (DSM) program in Mumbai is a multi-dimensional, holistic and technology-driven approach with a focus on capacity building of the consumers towards energy management. DSM initiatives have always been unique offerings from the Utility considering that they always work behind the meter i.e. for end-user energy management. The firm started in […] Read more
MCX, IEX Sign Licensing Agreement to Launch Electricity Derivatives Updated On Fri, Oct 30th, 2020 by Saurenergy The Multi-Commodity Exchange of India (MCX) has entered into a licensing agreement with Indian Energy Exchange (IEX) to launch Electricity derivatives. The Multi-Commodity Exchange of India (MCX) has said it has entered into a licensing agreement with Indian Energy Exchange (IEX) to launch Electricity derivatives. The derivatives will be linked to IEX spot electricity prices […] Read more
Vestas Makes Offshore Move, to Acquire MHI’s Share in MHI Vestas Updated On Fri, Oct 30th, 2020 by Saurenergy Vestas and MHI have signed an agreement which will see Vestas acquire MHI’s shares in the MHI Vestas Offshore Wind joint venture Vestas Wind Systems, a world leader in sustainable energy solutions, and Mitsubishi Heavy Industries (MHI), a leading global manufacturing and engineering firm, have signed an agreement to expand their partnership in sustainable energy. […] Read more
Government Measures Remain key to Boost EV Sales in India: Ind-Ra Updated On Tue, Oct 27th, 2020 by Saurenergy Ind-Ra in its latest market analysis covers the factors influencing electric vehicle (EV) sales in India during the pandemic and beyond. India Ratings and Research (Ind-Ra) in its latest market analysis has predicted (that driven by the economic slowdown induced by the Coronavirus pandemic) a delay in the penetration of electric vehicles (EVs) in the […] Read more
EDPR Reaches Agreement for Co-Development of 900 MW Wind Farms Updated On Fri, Oct 23rd, 2020 by Saurenergy EDPR has an agreement with Ellaktor, the largest infrastructure group in Greece, for the joint development of onshore wind opportunities in the country EDP Renováveis, S.A. (EDPR), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, has announced that it has reached an agreement with Ellaktor, the largest infrastructure group […] Read more
Andhra Pradesh Planning for 7 Storage Plants Worth Nearly 6300 MW Updated On Wed, Oct 21st, 2020 by Saurenergy The Andhra Pradesh Government is planning to set up seven Pumped Hydro Storage Power Projects (PSP) in the state, to balance renewable energy projects. The state government of Andhra Pradesh is planning to set up seven Pumped Hydro Storage Power Projects (PSP) as part of its decision to promote new renewable energy power plants in the […] Read more
Fluence Acquires Advanced Microgrid Solutions’ AI-Driven Software and Digital Intelligence Platform for Renewables and Energy Storage Updated On Sat, Oct 17th, 2020 by Saurenergy Fluence, a Siemens and AES company, today announced it has acquired the digital intelligence platform of AMS, the leading provider of A.I.-enabled optimized bidding software for utility-scale storage and generation assets. The combination of the two companies’ technologies will help utilities, developers, and commercial and industrial customers optimize energy storage and flexible assets to deliver […] Read more
