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AFRY Wins 1.2 GW Pumped Storage Project from Greenko

AFRY India has won Letter of Award (LoA) from Greenko Energy Projects Ltd, a leading renewable energy independent power producer (IPP) in India, for providing detailed design engineering services for its 1.2 GW (or 1200 MW) pumped storage project. Greenko had earlier won the biggest storage project tender ever that was conducted, winning rights to […]

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MYSUN Raises $4.2 Mn; Plans for another $35 Mn Funding in Few Quarters

MYSUN, a Delhi based rooftop solar installer, on Wednesday said it has raised USD 4.2 million (or Rs 32 crore) from its existing investors in a structured equity deal as a part of its Pre-Series A round. Besides this USD 4.2 million funding, the rooftop solar installer is also looking to raise another round of […]

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Sungrow Revenue Grows 25.4% in 2019, Plans to Lift R&D Investment

With a minimal negative impact of coronavirus, Sungrow, a leading inverter solution supplier for renewables, has reported a growth of 25.4 percent to USD 1.864 billion in its revenue for 2019, against USD 1.572 billion in 2018. The inverter manufacturer shipped 17.1 GW of inverters in 2019 and touched its aggregate overseas shipments to 100 […]

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Wpd Enters 600 MW Offshore Wind JV to bid in Taiwanese Tender

wpd has formed a JV with Taiwanese LeaLea Group, to develop a 600 MW offshore wind farm which is expected to be part of the third tender round in Taiwan. With several contracts, wpd is strengthening its presence and activities in Taiwan and intensifying its focus on this emerging energy market. Ahead of future tender […]

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Growatt among Top 10 Global PV Inverter Suppliers in 2019: Report

With total shipments reached more than 126 GW (or 126,735 MW), the global photovoltaic (PV) inverter shipments grew by 18 percent in 2019 on a y-o-y basis, as said by the global energy research & consultancy firm. As per the new analysis done by Wood Mackenzie, or popularly known as WoodMac, the top 10 global […]

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Covid-19 Hurts ABB’s Q1 Results; Revenue Slips across Businesses

Tech giant ABB has reported a significant drop in its first-quarter results of 2020 as its net income declined by 30 percent to USD 376 million on the back of coronavirus pandemic. The company’s net income remained at USD 535 million during the same period a year ago, ABB said in a statement. Further, it’s […]

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Vattenfall Sells Rights to 240 MW Wind Farm in Scotland

Vattenfall has taken the FID to construct the 240 MW South Kyle Wind Farm in Scotland, which will be able to power approximately 170,000 UK homes on completion Vattenfall has taken the final investment decision to construct the 240 MW South Kyle Wind Farm, which will be able to power approximately 170,000 UK homes, saving […]

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Every Power Station Performed Optimally amid Covid-19 Crisis: NTPC

Amidst the ongoing crisis caused due to the spread of coronavirus pandemic, state-owned power giant NTPC, which was formerly known as National Thermal Power Corporation Ltd, said that its every power station has risen to the occasion and is performing at its optimum level. Maharatna NTPC is having a total installed capacity of 62,110 MW, […]

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Inox Wind Opens All Manufacturing Facilities with Permission from Local Authority

Inox wind, a leading Wind Energy Solutions provider in India, has reopened its manufacturing facilities across the country. After lockdown order issued by the government in the wake of containment of coronavirus pandemic, Kailash Tarachandani-led company had earlier on March 26, 2020 suspend operations at all its three manufacturing sites situated at Ahmedabad, Barwani and […]

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