Argentine long steel producer ArcelorMittal Acindar, part of steel making multinational ArcelorMittal SA (AMS:MT), has agreed to make additional investments in wind power in San Luis Province, central Argentina, and build a new solar farm. The steel giant said on Wednesday that it will join forces with Argentine energy and cement company PCR to boost […]
PTC India Financial Skids On Reporting Q4 Net Loss At Rs 54 Cr
PTC India Financial Services (PFS) lost 5.87% to Rs 19.25 after the company reported consolidated net loss stood of Rs 53.66 crore in Q4 FY21 compared with net profit of Rs 7.05 crore in Q4 FY20. Total income dropped 17.5% to Rs 274.57 crore in Q4 FY21 over Q4 FY20. The company reported pre-tax loss […]
German storage system proves batteries ‘profitable without subsidy’
Three companies have inaugurated a 22MW battery energy storage system at Cremzow, in the German state of Brandenburg, in order to provide frequency regulation services to the country’s Primary Control Reserve (PCR) market. German wind developer Enertrag, Switzerland-based energy storage solutions company Leclanché and Enel Green Power (EGP) Germany, a subsidiary of Italian power giant […]
