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solar generation

Renewables Powering Through the Pandemic: IEA

Renewable electricity expanded at fastest pace in two decades, with huge additions of solar and wind becoming the ‘new normal’ going forward Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than […]

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Massachusetts Invites Bids for 1600 MW Offshore Wind Projects

Massachusetts electric utility companies have opened their third offshore wind solicitation, releasing a Request for Proposals (RFP) for up to 1,600 MW of offshore wind power, twice the capacity they contracted in the previous rounds. The Baker administration announced the RFP on Friday, for which confidential bids are due by September 16 and public proposal […]

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Repsol Starts Construction of Delta II, Its Largest Renewable Project at 860 MW

Repsol has begun construction of Delta II, the company’s largest renewable project to date. Once com-pleted, it will have a total capacity of 860 MW distributed over 26 wind farms located in the region of Ara-gon in northeastern Spain. In the first construction stage, Repsol has begun work on two wind farms, La Cometa I […]

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Toshiba Signs Agreement with GP Strategies to Acquire EtaPRO Business

Toshiba America Energy Systems Corporation (“TAES”), an affiliate of Kawasaki, Japan-based Toshiba Energy Systems & Solutions Corporation (“Toshiba ESS”), has reached agreement with GP Strategies Corporation (NYSE: GPX), a global provider of workforce transformation solutions, to acquire its EtaPRO® business. EtaPRO is a real-time digital platform for improving the efficiency and reliability of power generating assets through […]

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England To Favour Domestic Manufacturers For Wind Subsidies

The British Government will not allow subsidies for offshore wind development projects that do not use components made and supplied by UK based manufacturers. The new rules are likely for projects larger than 300 MW. Prime Minister Boris Johnson has announced plans to grow UK offshore wind generation to 40GW by 2030, with an additional […]

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SunPower Releases “Solid” Financial Results for Q1 2021

SunPower, a California-headquartered solar power generation and energy storage company, has released its financial results for the first quarter of 2021 ended April 4, 2021. The company’s GAAP revenue increased from $290.5 millions in Q1 2020 to $306.4 millions in Q1 2021. GAAP loss decreased by $57.6 million, including $44.7 million related to a mark-to-market loss […]

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India and the EU Commit to Energy Connectivity Partnership

Last Saturday, India and the European Union agreed to bring the EU-India Roadmap 2025 in action and foster new synergies to jointly contribute to a safer, greener, cleaner, more digital, resilient and stable world. The day saw two key events- ‘India-EU Leader’s Meeting’ and ‘India-EU Business Roundtable’- being held simultaneously so that alliances in climate, […]

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Vattenfall Collaborates with Eramet Norway to Support the Norwegian Electricity Grid

Through the collaboration between Vattenfall, Sympower and Statnett, ferro-alloy company Eramet Norway has gained access to FFR (Fast Frequency Reserve) between May and October 2021. This means that they can contribute to a stable power grid, not only in Norway, but throughout the entire Nordic electricity grid if a power failure occurs. Energy sources such as […]

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Enel Group Releases Financial Results; Q1 2021 Unprofitable

Enel Group, Italian multinational manufacturer and distributor of electricity and gas, has released the financial results of the first quarter of 2021. The company reports an 8.8% increase in investments and confirmation of yearly targets, among other data, but the quarter has not proved profitable for it. Revenues earned in this quarter were 17,107 million euros, […]

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