COVID Impact: Siemens Gamesa Incurs Loss; Challenges in India Business Updated On Fri, May 8th, 2020 by Saurenergy Siemens Gamesa has said its performance in the second quarter of FY 2020 reflected the impact of COVID-19 pandemic on its operations and commercial activity Siemens Gamesa Renewable Energy has reported that its performance in the second quarter of FY 2020 (January-March) reflected the unexpected effect of the COVID-19 pandemic on its operations and commercial […] Read more
Ideanomics’ MEG Finalises EV and Energy Business Units Updated On Thu, May 7th, 2020 by Saurenergy Ideanomics, Mobile Energy Global (MEG) division has announced that it has finalised its EV and Energy business units under the S2F2C model. Ideanomics, Mobile Energy Global (MEG) division has announced that it has finalised its EV and Energy business units under the S2F2C (Sales-to-Financing-to-Charging) model. Each business unit has been developed to focus on a […] Read more
IRENA, ESCAP Ramp Up Efforts to Improve Clean Energy Accessibility in APAC Region amid Covid-19 Updated On Wed, May 6th, 2020 by Saurenergy This is significant as the Asia-Pacific region is home to almost half of the world’s population, and is largely dependent on fossil fuels. With an aim to jointly work towards improving access to sustainable energy across the Asia-Pacific region, Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) and the United Nations Economic and Social Commission for […] Read more
Will India have greater success with manufacturing when it comes to energy storage? Updated On Tue, May 5th, 2020 by Saurenergy The ongoing global economic crisis due to the coronavirus pandemic has raised concerns about India’s dependence on imports and strongly put the case for encouraging domestic manufacturing in the country. Though, the government also aimed to support the industry but the road towards this is filled with lot of challenges, which needs to be sorted […] Read more
5th Extension for SECI’s 4 MW Floating Solar Plus BESS Tender Updated On Tue, May 5th, 2020 by Saurenergy Extension of the tender for 4 MW floating solar with 2 MW/ 1 MWh BESS in North Andaman. This is now the fifth such extension in SECI’s tender. The Solar Energy Corporation of India (SECI), in its latest notification, has extended the bid submission deadline for its tender for the selection of solar power developers […] Read more
PM Stresses on Attracting Private Investments for Power Sector Updated On Fri, May 1st, 2020 by Saurenergy Prime Minister Narendra Modi on Friday emphasized the need for enforcement of contracts effectively in order to attract private investments for the ailing power sector. He said during a detailed meeting held on the power sector with his team of Ministers. Prime Minister also took stock of the impact of the coronavirus. Narendra Modi also […] Read more
SECI Seeks Agency to Hire Professional Support Staff for its Pan India Sites Updated On Fri, May 1st, 2020 by Saurenergy The Solar Energy Corporation of India (SECI) has floated tender inviting bids for the engagement of Agency for the hiring of Professional Support Staff at SECI, New Delhi along with its sites across various locations in the country. The last date for online submission of bids is June 01, 2020, till 1400 hours and the […] Read more
SK Innovation Increases Investment in US EV Battery Business to $2.5 Bn Updated On Fri, May 1st, 2020 by Saurenergy SK Innovation has announced that it plans for additional investment in its US battery business, to fund the start of construction of a 2nd EV battery plant. South Korea-based SK Innovation has announced that it plans for additional investment in its US battery business, following approval by its Board of Directors to fund the start of construction of a […] Read more
Covid-19 Hurts ABB’s Q1 Results; Revenue Slips across Businesses Updated On Tue, Apr 28th, 2020 by Saurenergy Tech giant ABB has reported a significant drop in its first-quarter results of 2020 as its net income declined by 30 percent to USD 376 million on the back of coronavirus pandemic. The company’s net income remained at USD 535 million during the same period a year ago, ABB said in a statement. Further, it’s […] Read more
