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Siemens Gamesa Conditionally Awarded 376 MW Offshore Wind Project in Taiwan

Siemens Gamesa has conditionally received an order for the supply of offshore wind turbines for the 376 MW Formosa 2 Offshore Wind Farm Project in Taiwan. Siemens Gamesa Renewable Energy (SGRE) has conditionally received an order for the supply of offshore wind turbines including a 20-year full-service agreement for the 376 megawatts (MW) Formosa 2 […]

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IRENA Report on Water Use in India’s Power Generation

This study analyses the prospective impact of renewable energy deployment, along with recently mandated changes to power plant cooling systems, on water use in India’s electricity sector. Looking at the expected freshwater intensity of non-hydro power generation under different scenarios, the analysis aims to quantify the impact of India’s energy transition on freshwater use. The […]

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Power Finance Corp More Than Doubled Q4 Profits

Power Finance Corp has reported in its Q4 2019 results that it has more than doubled its profits for the quarter over the same period last year. State-owned Power Finance Corp (PFC) has reported over a twofold rise in its standalone net profits to Rs 2,117.56 crore for the March 2019 quarter, mainly on the […]

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Huawei Launches its Latest 1500V String Inverter in India

Huawei, a leader in inverter shipments, has announced the launch of its latest utility scale 1500V smart string inverter, the SUN2000-185KTL-INH0 (“SUN2000-185KTL”) for the Indian solar market. The SUN2000-185KTL comes integrated with an AI algorithm, that makes a good case for the model to be the best choice for 1500V solar system, trackers and bifacial […]

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Rural Electrification Corporation Posts Q4 Profit Rise of 50%

The REC’s total income increased to Rs 6,685.90 crore in the March quarter, compared with Rs 5,948.09 crore a year ago. State-owned Rural Electrification Corporation (REC) posted around 50 percent jump in standalone net profit to Rs 1,256.13 crore in the March 2019 quarter, mainly on the back of higher income. The company’s standalone net […]

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Solar Prosumers in Goa Get Faulty Bills, Still Awaits Subsidy Payment

After spending lakhs of rupees on rooftop solar installations, solar prosumers (producers and consumers of solar power) are now distressed as the electricity department failed to account for the solar power that their plants have been supplying to the grid. Receiving their first bills after a period of six months since their solar installations were […]

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Tata Power’s Renewable Biz Shines Again; EBITDA Up 35% in Q4

During the quarter, the Mumbai-headquartered company’s profit after tax (PAT) before exceptional items stood at Rs 259 crore, as against Rs 118 crore. Utility giant Tata Power’s renewable energy business again unveiled a significant growth during the fourth quarter of FY19, as it’s consolidated EBITDA surged 35 per cent to Rs 1,879 crore, mainly driven by […]

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Partners in Progress: India Calls Out For Energy Security in Asia

India’s Minister of State for External Affairs V K Singh has called for concerted efforts across Asia to ensure energy security in the region for sustainable development and poverty eradication by pursuing non-polluting renewable sources such as solar power.  Speaking at the 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) in Doha, Qatar, the minister urged the Member States […]

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Indian Solar Sector Contracts in 2018-19

The Indian Solar sector saw only 6,529 MW addition during the last financial year while Wind energy Sector too recorded a slump in growth. According to the data supplied by the Central Electricity Authority, 2018-19 saw fresh capacity additions to a paltry 6,529 MW as against 9,010 MW in the previous year. The figures show […]

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