Siemens’ stock jumped more than 4.5% on Wednesday after it announced the spin off of its gas-and-power division and transfer of its renewable-energy business to the new company. The German industrial giant will retain a stake of 25% to 50% in the new entity, which will have annual sales of 27 billion euros ($30 billion), […]
Tesla’s Vision Of An EV + Solar + Battery Storage Future Now Becoming Industry Norm
Part of investors’ fascination with Tesla has long been the company’s focus on the evolution of manufacturing hardware and software. The plan to integrate energy generation and storage — to “create stunning solar roofs with seamlessly integrated battery storage,” as described in Master Plan, Part Deux — has also provided allure. Sure, the Tesla acquisition […]
GE appoints Prashant Jain to lead GE Steam Power in South Asia
GE on Friday announced appointment of Prashant Jain to lead the global conglomerate’s steam power business in South Asia. Prashant will officially assume the role of Regional General Manager GE Steam Power South Asia and Managing Director GE Power India on April 17, 2019, a company statement said. He joins GE from Siemens where he […]
Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works
Clean energy solutions provider Siemens Gamesa Thursday said it has commissioned 10 MW solar power project for Lakshmi Machine Works (LMW) in Tamil Nadu. As part of the contract, Siemens Gamesa provided an EPC (engineering procurement and construction) solution that included engineering and design of the solar farm, procurement, erection and commissioning of the 10 […]
What Recent PV Inverter Headlines Say About the Evolving Market Landscape
Huawei, Kaco and Schneider—three of the top global PV inverter vendors—have all made news lately. The last week of February saw a flurry of news tied to three of the largest solar PV inverter vendors in the world. The week began with 11 senators penning a letter to Secretaries Rick Perry of the Department of […]
HH Sheikh Ahmed breaks ground on green hydrogen facility in Dubai
Project by Expo 2020 Dubai, Dewa, and Siemens to power fuel-cell vehicles between MBR Solar Park and the world expo’s site The Mena region’s first ‘green hydrogen’ energy facility has been unveiled within Dubai’s Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park). Driven by a collaboration between Expo 2020 Dubai, Siemens, and Dubai […]
Siemens Gamesa bags 567 MW wind turbine order from ReNew Power
Wind turbine major Siemens Gamesa Renewable Energy on Thursday said it has bagged a new order for 567 MW from ReNew Power, an independent power producer. A statement issued here said the scope of order includes supply of 270 units, out of which 127 units of SG 2.1-122 wind turbines will be installed at Bhuj, […]