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investment

PM Emphasizes on Financial Sustainability of Power Sector, Make in India

Prime Minister Narendra Modi emphasized the need for improving the financial sustainability of the power sector in order to solve the issues prevailing in the sector especially the power distribution sector. He said during a detailed review meeting held on Thursday evening on the power sector with the Ministry of Power (MoP) and the Ministry […]

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IndiGrid Reports 92% Jump YoY in Revenue for Fourth Quarter

IndiGrid has reported consolidated revenue of Rs 328.4 crore for the quarter ended March 31, 2020, up 92 percent YoY from Rs 170.5 crore in Q4 2019. IndiGrid, India’s first power sector Infrastructure Investment trust (InvIT), has announced its results for the financial year ended March 31, 2020. The firm has reported consolidated revenue of […]

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GE to Sell its 130-Yr-Old Lighting Biz to Savant Systems

American multinational conglomerate General Electric (GE) on Wednesday said that it has signed a definitive agreement to sell its 130-year-old Lighting business, GE Lighting, to Savant Systems, a leading player in the smart home space. However, the financial details of the transaction were not disclosed by the company. For many years the company was looking […]

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R.K. Singh: The 5 Point Checklist for 2020

Union Power Minister R.K. Singh will complete 3 years of his association with the Power Ministry on September 3 this year. 2020 could be the year that defines his tenure. Ever since his appointment as the Minister of Power (Independent Charge) in Prime Minister Narendra Modi’s cabinet, he has found himself in the idle of […]

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Alliant Energy Planning for 6 Solar Projects Worth 675 MW in Wisconsin

Alliant Energy has announced its plans to acquire and advance 675 MW of solar projects in mostly rural areas in six counties of Wisconsin. Alliant Energy has announced its plans to acquire and advance 675 megawatts (MW) of solar projects in mostly rural areas in six Wisconsin counties: Grant, Jefferson, Richland, Rock, Sheboygan and Wood. […]

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ChargePoint Named Leading EV Charging Hardware Supplier

A new report examines the strategy and execution of 15 companies offering solutions to the global EV charging market, with ChargePoint ranked number one. A new Leaderboard Report from Guidehouse Insights examines the strategy and execution of 15 companies offering solutions to the global electric vehicle (EV) charging market, with ChargePoint ranked as the top market player. Climate […]

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15 GW Renewable In Two years In The EU to Recover From Pandemic

The European Commission or EU, is planning a massive 15GW push for renewable energy tenders in the next 2 years to pull the union out of the recession caused by the Covid-19 pandemic. The EU has suffered the highest mortality counts as of now, and countries across the continent have struggled to manage wide, extended […]

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Solar Has Huge Potential to Benefit Energy Extensive Sectors, says Gadkari

Solar sector has a huge potential and it can help in reducing the electricity cost significantly, said Nitin Gadkari, the Union Minister for Micro, Small and Medium Enterprises (MSME) and Road Transport and Highways (MORTH). The Minister said during a meeting with the members of Maha Solar Sangathan, via video conferencing, to understand the opportunities […]

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Siemens Gamesa Wins 30-Yr Deal for O&M of 226 MW Wind Farm in Australia

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 […]

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