For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline Mumbai: Rating agency Moody’s on Monday upgraded the outlook on the power sector to stable from negative, citing the fifth consecutive month of generation growth in January. […]
Rooftop Solar Power Dream Seen Driving Australia Renewable Surge
The coronavirus pandemic has not deterred Australians from installing rooftop solar panels in ever-greater numbers, driving what is expected to be another record year for growth in green power generation. The increased number of people working from home, more spending on home improvement and low interest rates are encouraging households to install solar panels, […]
Sunrun’s Vivint buy aims to make home solar cheaper
The deal, announced late on Monday, combines two of the five biggest US residential solar companies at a time when the industry is struggling with sharply weaker demand due to the coronavirus pandemic With its $1.5 billion acquisition of smaller rival Vivint Solar Inc, Sunrun is creating a residential solar behemoth that it hopes will […]
BP to cut 15% job as part of shift to renewable energy
BP will cut about 15 percent of its workforce in response to the coronavirus crisis and as part of CEO Bernard Looney’s plan to shift the oil and gas major to renewable energy. Bernard Looney told employees in a global online call that the London-based company will cut 10,000 jobs from the current 70,100. “We […]
Lithium producers must wait as pandemic slows electric vehicle revolution
The holdup will result in a shortage of the white metal available for EV batteries when markets rebound, warned industry analysts, executives and consultants JOHANNESBURG/HOUSTON: The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry […]
BattRe Electric launches internet-connected scooter at Rs 64,990
The e-scooter has features such as remote immobilisation, geofencing, secure parking, etc. Setting a speed lock would push alerts whenever the speed limit is crossed, he said Mumbai: Technology-driven startup BattRE Electric Mobility on Friday announced the launch of its internet-connected electric scooter ‘gps:ie,’ priced at Rs 64,990 (ex-showroom). BattRE gps:ie scooter, which is a […]
Outlook bright as solar energy keeps Nigerian homeworkers powered up
Lumos is one of at least a dozen solar energy companies that have been competing to help fill Nigeria’s power gap, and COVID-19 has made the need for their services more acute LAGOS: In a hallway in Lagos, Gbemisola Olowokere taps contentedly on her laptop. The 23-year-old says the corner, underneath a sliver of window, […]
Global green energy growth to fall for first time in 20 years: IEA
The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year as energy demand has been reduced across commercial and industrial sectors LONDON: Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but […]
Power consumption of large commercial players has dropped sharply, says Tata Power MD Praveer Sinha
Despite the downturn in power demand, Tata Power has kept its 11 thermal and hydro generation plants across six states in the country operational, along with its distribution and transmission business The disruption in economic activities because of lockdown has resulted in a sharp drop in demand for power mainly from large consumers in the […]
Wind power firms call for nations to maintain green momentum amid pandemic
Some governments have set themselves goals of reaching net zero emissions by 2050 or sooner, as pressure to act against climate change grows LONDON: Wind power companies have called on governments to ensure efforts to encourage low-carbon energy are maintained amid the economic fallout from the coronavirus pandemic, according to a statement seen by Reuters. […]
