Wind Turbine Maker Vestas Feels the ‘COVID-19’ Heat; Suspends 2020 Guidance Updated On Wed, Apr 8th, 2020 by Saurenergy Danish wind turbine manufacturer Vestas is now feeling the heat of coronavirus pandemic and has suspended its guidance for the year 2020 amid disruptions faced in continuing its normal business operations. The company, recently, revealed that the spread of the virus globally and the national measures implemented to contain it have eventually, however, caused disruptions […] Read more
Will China’s Massive 500 GW Solar Manufacturing Expansion Happen? Updated On Wed, Apr 8th, 2020 by Saurenergy One of the toughest tasks for any journalist covering the solar manufacturing sector is sorting reality from mere announcements in the hub of the industry, China. From being an outlier till early 2000’s, China has emerged as the engine of growth for the sector, in more ways than one. For unlike some other sectors, in […] Read more
$600Bn to Be Spent on Wind Turbines Globally by 2028: WoodMac Updated On Tue, Apr 7th, 2020 by Saurenergy Despite demand fluctuations, the global wind turbine supply chain is racing towards a USD 600 billion cumulative opportunities by the end of 2028, as said by the global energy research & consultancy firm. However, annual average wind turbine supply is forecast to hit USD 60 billion between 2020 and 2028 – reflecting an increase of […] Read more
Sharp Increase in Renewable Investments Post COVID-19: Iberdrola CEO Updated On Tue, Apr 7th, 2020 by Saurenergy Iberdrola CEO Ignacio Galán has announced that the firm will speed up its renewable investments as soon as it is deemed safe to do so. Iberdrola CEO Ignacio Galán, while addressing the firms’ 600,000 shareholders in the recently held fully remote Annual General Meeting, has announced that in view of the current situation with the […] Read more
COVID-19 Could Derail Storage Growth, but 2020 to be Record Year Updated On Fri, Apr 3rd, 2020 by Saurenergy According to a new analysis, the COVID-19 containment could derail storage growth but 2020 will still be a record-breaking year with 12.6 GWh deployed. According to a new analysis, if the coronavirus (COVID-19) containment measures continue to curtail the movement of goods and people through Q2 this year, alongside an economic downturn, the market impact […] Read more
Middle East Renewables Braced for Turbulent Outlook: GlobalData Updated On Fri, Apr 3rd, 2020 by Saurenergy Recent reports have estimated that global solar demand will slow down for the first time in three decades, with the coronavirus (COVID-19) crisis potentially triggering a drop of between 6 percent and 10 percent in demand in 2020. The downgrade is largely due to strict limitations on movement and commercial activity in China, where the […] Read more
Siemens Gamesa Secures 312 MW Turbine Order in Brazil Updated On Thu, Apr 2nd, 2020 by Saurenergy Siemens Gamesa has secured its first order in Brazil for its next-generation 5.X platform, to supply 52 of its new turbines for the 312 MW Tucano wind farm. Siemens Gamesa Renewable Energy has announced that it has secured its first order in Brazil for its next-generation platform, the Siemens Gamesa 5.X. Following recent deals to […] Read more
Renesola, Zhongnan Group in $100 Million Investment Agreement Updated On Wed, Apr 1st, 2020 by Saurenergy Shanghai Headquartered ReneSola, which recebtly crossed the 20 GW milestone in cumulative module sales, has announced a USD 100 million strategic investment agreement with Zhongnan Industry (a subsidiary of Zhongnan Holding Group). The announcement was made on March 31st at the official signing ceremony of the Supply Chain Cooperation Agreement between ReneSola Yixing Co., Ltd. […] Read more
Covid Impact: 5 GW Solar Projects in US at Risk Updated On Wed, Apr 1st, 2020 by Saurenergy Energy Research and Analysis firm Wood Mackenzie has come out with its projections for the impact of Coronavirus on the US solar market. And it makes for grim reading. The worst case scenario in the report projects that 5 gigawatts (GW) of big US solar energy projects could suffer delays this year if construction is […] Read more
