The consolidated results include the results of GE Power India Ltd (GEPIL) and its subsidiary GE Power Boilers Services Ltd New Delhi: GE Power India on Wednesday reported a consolidated net profit of Rs 37.37 crore for the September 2020 quarter, mainly on the back of higher revenues. The company had registered a consolidated net […]
Record new renewable energy capacity this year and next – IEA
In its annual renewables outlook, the IEA said new additions of renewables capacity worldwide would increase by 4% from last year to a record 198 gigawatts (GW) this year. LONDON: Record levels of new renewable energy capacity are set to come on stream this year and next, while fossil fuel capacity will fall due to […]
Suzlon Energy reports Rs 670 crore net profit in September quarter
The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday Suzlon Energy has posted a consolidated net profit of around Rs 670 crore in the September quarter mainly due to lower expenses. The company had recorded […]
Azure Power Announces Results for Fiscal Second Quarter 2021
EBENE, Mauritius: Azure Power Global Limited (NYSE: AZRE), a leading independent solar power producer in India, today announced its consolidated results under United States Generally Accepted Accounting Principles (“GAAP”) for the fiscal second quarter 2021, period ended September 30, 2020. Fiscal Second Quarter 2021 Period Ended September 30, 2020 Operating Highlights: • Operating Megawatts (“MW”) were 1,834 MWs, as of […]
Tata Power Q2 net up 10 pc to Rs 371 cr
On a consolidated basis, Tata Power Group’s Q2 FY21 revenue was up by 15 per cent at Rs 8,413 crore as compared to Rs 7,329 crore last year New Delhi: Tata Power on Tuesday posted a 10 per cent increase in consolidated net profit at Rs 371 crore for the quarter ended September 2020. “Consolidated […]
Renewable power is defying the Covid crisis with record growth this year and next
Renewables will account for almost 90% of the increase in total power capacity worldwide in 2020 and will accelerate in 2021 to their fastest growth in the last six years, new IEA report says Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the Covid-19 crisis in […]
Despite Covid-19 India’s renewables to see largest upswing in 2021: IEA
India is expected to be the largest contributor to the renewables upswing in 2021, with the country’s annual additions doubling from 2020 Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the Covid-19 crisis in many other parts of the energy sector such as oil, gas and […]
ATI Agency supports Malawi’s USD67 million Nkhotakota Solar Power Plant
The Nkhotakota Solar Power Plant, one of Malawi’s first commercial scale-independent solar power projects, is expected to add a significant 37 MWac of clean energy to the national capacity, currently estimated at 362 MWac. COVID-19 has highlighted the extent of the critical energy gap in Africa, where diversification is needed to ensure more stable and […]
REFILE-Pandemic, energy transition to hasten peak in global oil demand -Rystad Energy
OSLO: The COVID-19 pandemic and a faster transition to renewable energy sources will have a permanent impact on global oil demand, Norway’s biggest independent energy consultancy Rystad predicted on Monday. Global demand will likely peak in 2028 at 102 million barrels of oil per day (bpd), down from a pre-pandemic forecast of a peak […]
Contribution of solar energy sector in the revival of Indian economy during ongoing pandemic Covid-19
COVID-19 pandemic has caused direct or indirect effects on every industry. It has brought the world to a standstill and has impacted our lives deeply. Solar energy sector has been highly affected in these unprecedented times. With the prevailing uncertainties in the industry, the solar energy sector is trying to bounce back in business to […]
