SECI, the nodal agency through which the new and renewable energy ministry (MNRE) conducts wind and solar auctions, has commissioned only 1961 MW of wind capacity, an official at the ministry said on condition of anonymity BENGALURU: Only about one-third of 6,000 megawatt wind power capacity auctioned by the Solar Energy Corporation of India in […]
Sarbananda Sonowal invites power companies to set up their businesses in Assam
Chairing a meeting to assess the impact of COVID 19 on Assam Power Distribution Company Limited, Assam Power Generation Corporation Limited and Assam Electricity Grid Corporation Limited, Sonowal said that the unrelenting endeavour of the government’s power companies has yielded into a power surplus of 350 MW (mega watt) GUWAHATI: Assam Chief Minister Sarbananda Sonowal […]
Moody’s reviews India’s negative rating, upgrade unlikely in near term
“The negative outlook reflects increasing risks that economic growth will remain significantly lower than in the past,” it said in research as part of its regular update. Hong Kong: Moody’s Investors Service said on Friday that an upgrade of its India’s rating at Baa2 negative is unlikely in the near term due to economic shock […]
Siemens sees strongest coronavirus impact in next quarter as second-quarter profit plunges
The trains to industrial software maker said it now expected a “moderate decline” in comparable full year revenue. Siemens had previously predicted moderate growth ZURICH: Siemens expects “even stronger impacts” from the coronavirus pandemic in the weeks ahead, it said on Friday as it ditched its 2020 guidance and posted an 18% drop in industrial […]
Trump administration agrees to help wind farms with subsidy tweak
In a letter to Senator Charles Grassley, Frederick Vaughn, principal deputy assistant secretary in the Treasury Department’s Office of Legislative Affairs, said the department “plans to modify the relevant rules in the near future” for the renewable energy tax credits The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, […]
US Treasury to Tweak Tax Credit Deadlines for Renewables Projects
A three-sentence letter issued by the Treasury Department on Thursday suggests relief may be on the way for a nervous renewables market. A concise three-sentence letter sent by the U.S. Treasury Department on Thursday suggests relief is on the way for a renewables industry concerned about meeting quickly approaching tax credit deadlines. The letter came […]
Siemens Gamesa warns coronavirus will keep squeezing 2020 finances
That profitability gauge had stood at 7.5 per cent a year earlier. The company’s bottom line also turned to a net loss in the quarter, but Chief Executive Marcus Tacke said he still believed it had good long-term prospects Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused […]
SoftBank Is Selling $40B of Assets but Stands Firm on Renewable Energy Plans
In an interview, the head of SoftBank’s global renewables arm says the company will have its first gigawatt of U.S. solar capacity in operation by next year. The head of SoftBank’s renewable energy subsidiary, SB Energy Global, says his firm is committed to growing its presence in international clean energy markets despite ongoing financial struggles […]
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. […]
Renewable investor ENKRAFT takes stake in Energiekontor
ENKRAFT, also a top-10 shareholder in wind farm developer PNE AG, pointed to the ongoing expansion of renewable energy sources around the world, a trend that has continued unabated in light of the coronavirus pandemic FRANKFURT: Energy investor ENKRAFT has taken a stake of close to 3 per cent in German solar and wind project […]
