Vestas Reports Operating Loss for Q1 2020 Despite Strong Sales Updated On Wed, May 6th, 2020 by Saurenergy Vestas has issued its interim financial report for Q1 2020, reporting increased order intake and a booming order backlog amid an operating loss of EUR 54 mn Global wind turbine manufacturer Vestas has issued its interim financial report for the first quarter (Q1) of 2020. The firm has reported that its revenue increased compared to […] Read more
Renewables Unaffected as Thermal Generation Suffered Amid Lockdown: India Ratings Updated On Wed, May 6th, 2020 by Saurenergy The decrease in demand has seen electricity generation from all sources (excluding renewables) take a hit in March 2020 with thermal generation at the front. According to a new analysis, the power demand in India declined for March and April amid the COVID-19 led lockdown, however, with the decrease in demand, electricity generation from all […] Read more
In Renewables Shadow, who Will Still Fund Coal in India? : Report Updated On Wed, May 6th, 2020 by Saurenergy Why would any debt/ equity capital providers fund a high emission & polluting new coal power plant at double the cost of deflationary, domestic renewables? The COVID-19 pandemic and the subsequent nationwide lockdown to curb its spread has highlighted the growing financial risks to India’s coal-fired power plant sector, a technology being superseded by international […] Read more
Solving Permission Issues key to Post Pandemic Green Recovery in Italy: WindEurope Updated On Tue, May 5th, 2020 by Saurenergy The European Union’s 2018 Renewable Energy Directive demands that the Member States simplify and shorten their permitting processes. Italy has the 5th largest amount of installed wind energy capacity in Europe. In its final 2030 National Energy and Climate Plan (NECP), the country aims at almost doubling its installed wind power capacity. The NECP plans […] Read more
22.75% Drop in Power Consumption in April due to Lockdown Updated On Tue, May 5th, 2020 by Saurenergy Power consumption in April dipped 22.75% to 85.05 BU compared to 110.11 BU in the same month a year ago, mainly due to low demand due to lockdown Power consumption in April dipped 22.75 percent to 85.05 billion units (BU) compared to 110.11 BU in the same month a year ago, mainly due to low demand amid the nationwide […] Read more
SCE Signs 7 Contracts for 770 MW of Battery Energy Storage Capacity Updated On Mon, May 4th, 2020 by Saurenergy SCE has signed seven contracts totaling 770 MW of battery-based energy storage resources to help enhance California’s electric system reliability needs. Southern California Edison (SCE) has announced that it has signed seven contracts totaling 770 megawatts (MW) of battery-based energy storage resources to help enhance the region’s electric system reliability needs. The recently conducted solicitation […] Read more
Peak Power Demand Still Down in May, Struggling at 134.7 GW Updated On Mon, May 4th, 2020 by Saurenergy The peak power demand in India has remained low at 134.7 GW, being down by over 26 percent so far in May despite the easing of the nationwide lockdown The peak power demand in India has remained low at 134.7 GW, being down by over 26 percent so far in May. The low has been […] Read more
ACC Okays Appointment of PK Das as CMD, IREDA Updated On Sat, May 2nd, 2020 by Saurenergy The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, has provided its consent for the appointment of Pradip Kumar Das as new Chairman and Managing Director (CMD) of Indian Renewable Energy Development Agency (IREDA), a central power financial institution, as per the sources. ACC committee is comprised of the Prime Minister […] Read more
Dominion Energy Quadruples RE and Storage in Resource Plan Updated On Sat, May 2nd, 2020 by Saurenergy Dominion Energy Virginia has quadrupled the amount of solar and wind generation in its 15-year, long-term integrated resource plan (IRP). In just one year, Dominion Energy Virginia has quadrupled the amount of solar and wind generation in its 15-year, long-term integrated resource plan (IRP). The increase is driven, in part, by Governor Ralph Northam’s executive order on […] Read more
