EBRD Grants €48 Mn Loan For 220 MW Wind Project in Poland Updated On Wed, May 1st, 2019 by Saurenergy The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm […] Read more
Siemens Wins Race to Rebuild and Modernise Iraq’s Electricity Grid Updated On Wed, May 1st, 2019 by Saurenergy Within the implementation agreement, the parties also agreed on the award of contracts valued at approximately 700 million euros for Phase 1 of the Roadmap. German Industrial Conglomerate Siemens has beaten US-based General Electric to rebuild and modernise Iraq’s electricity grid. The German firm has signed an agreement with the Ministry of Electricity paving way […] Read more
Stable Prices for Lithium Could be Good News for India’s EV dreams Updated On Tue, Apr 30th, 2019 by Saurenergy From predictions of prices that would slow down battery development in 2016, to the reality of an almost 50% price drop in 2018, Lithium has been too volatile for comfort. The good news is, the prized metal, on which many EV plans hinge, might just be settling in for a period of stability. Lithium, ever […] Read more
Denmark Identifies Areas for 12.4 GW of New Offshore Wind Updated On Tue, Apr 30th, 2019 by Saurenergy A study commissioned by the Danish government has identified good locations for 12.4 GW of additional offshore wind capacity, it was announced on last week. According to a statement by Denmark’s Energy, Utilities and Climate Ministry, the designated zones could accommodate between 12 and 15 wind farms, depending on their size. The study has found […] Read more
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
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
European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania Updated On Fri, Apr 26th, 2019 by Saurenergy The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […] Read more
India’s Renewable Push On Track Despite 2018/19 Blip Updated On Fri, Apr 26th, 2019 by Saurenergy IEEFA’s briefing note, India’s electricity sector transition still on track despite a weak FY2018/19, projects renewable additions through 2021/22 based on the auction and tender activities during the past 18 months. The 2018-19 financial year turned out to be a sluggish year for both the renewable as well as thermal sectors in India in terms of increased […] Read more
Iberdrola Posts First Quarter Profit Increase of 15 Percent Updated On Fri, Apr 26th, 2019 by Saurenergy The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […] Read more
