Fortum’s Q1 Profits Hurt by Lower Hydro Volumes Updated On Sat, Apr 27th, 2019 by Saurenergy Finland’s utility Fortum reported its operating profit grew merely by 1 percent to EUR 408 million during the January-March quarter of 2019, on the back of positive effect of improved prices offset by lower hydro volumes. The company has reported an operating profit of EUR 405 million during the same quarter last year. Commenting on […] Read more
US Wind Pipeline Grew by 6.14 GW in the Q1 2019: Report Updated On Sat, Apr 27th, 2019 by Saurenergy A burst of new wind farm announcements in the first quarter of 2019 propelled the total volume of U.S. wind power construction and development activity to a record level according to the newly released U.S. Wind Industry First Quarter 2019 Market Report. The American Wind Energy Association’s (AWEA) report reveals that U.S. project developers announced new wind […] Read more
Siemens Gamesa to Supply 194 MW Turbines For Canadian Wind Project Updated On Sat, Apr 27th, 2019 by Saurenergy Once installed, the SG 4.5-145 will be the most powerful turbines with the largest rotor installed in the country. Siemens Gamesa Renewable Energy has announced that it has signed a contract to supply and commission 43 SG 4.5-145 wind turbines, with flexible rating up to 4.8 MW, for a wind project in Canada with an […] Read more
Trichy Airport Commissions 1 MW Solar Plant to Meet 25% Demand Updated On Sat, Apr 27th, 2019 by Saurenergy The Tiruchirapalli (Trichy) International Airport in Tamil Nadu recently commissioned a new 1 MW solar PV power plant on campus. Airports Authority of India (AAI) member Anuj Agarwal inaugurated the planet on the airport premises. The project was executed under the National Solar Mission. The ground-mounted solar power plant was developed under a capex model and […] Read more
SBI Cuts Loan Rates for Electric Vehicles Purchases Updated On Fri, Apr 26th, 2019 by Saurenergy In an effort to push the demand for electric vehicles, the State Bank of India (SBI) has reduced the rates of loans on purchase of electric vehicles. In an attempt to incentivize the consumers to shift towards green vehicles, SBI has cut rates on auto loans for the purchase of electric cars. Borrowers will get […] Read more
Shanghai Electric, ACWA Power to Co-develop Global Solar Projects Updated On Fri, Apr 26th, 2019 by Saurenergy Zheng further said that, his group plans to invest more in the region over the next several years. With an aim to further expand its footprints into Belt and Road initiative countries, Chinese firm Shanghai Electric has entered into a pact with Saudi Arabia’s ACWA Power for global clean energy projects. The move will also help Riyad-headquartered […] Read more
Dutch Engineers To Construct World’s Largest Sun-seeking Floating Solar Islands Updated On Fri, Apr 26th, 2019 by Saurenergy Dutch engineers are building what will be the world’s largest archipelago of islands made up of sun-tracking solar panels. The 15 floating solar islands will possess sunflower-like ability to turn to face the sun Currently, large islands of solar panels are under construction or already in place in reservoirs and lakes across the Netherlands, China, […] Read more
Funding from International Solar Alliance Termed Domestic Funding Updated On Fri, Apr 26th, 2019 by Saurenergy Projects through the International Solar Alliance, (ISA), now fast emerging as the most prestigious forum for India’s push for renewable influence and impact, has been exempted from being classified as foreign funding. The move by India’s home ministry to exempt the International Solar Alliance, from being classified as a foreign source of funding for non-governmental […] Read more
World Bank Approves $200 Mn Regional Off-Grid Electrification Project Updated On Fri, Apr 26th, 2019 by Saurenergy The World Bank Group has approved the Regional Off-Grid Electrification Project (ROGEP) to help expand off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region. The Board of the World Bank Group approved the Regional Off-Grid Electrification Project (ROGEP), which includes $150 million in the form of credit and […] Read more
