In March, French President Emmanuel Macron went on national television from the Élysée Palace and told his countrymen that in the fight against the coronavirus, “We are at war.” Three days later, Patrick Pouyanné, chief executive of French oil giant Total, delivered to his roughly 100,000 employees a video message about the energy rout that […]
Coronavirus crisis threatens to cut off clean electricity lifeline for poor
The nascent industry fears being starved of new capital as investors shun risk amid an expected recession – a crunch that could force weak firms out of business and scupper progress on a global goal to provide modern energy to everyone by 2030 BARCELONA (Thomson Foundation): Companies that provide clean off-grid electricity to the poor […]
Renewables agency charts path to zero-carbon energy system by 2050
In its inaugural annual Global Renewables Outlook, the Abu Dhabi-based International Renewable Energy Agency (IRENA) said choices by governments would help decide whether the pandemic served to delay or accelerate a low-carbon transition Governments could chart a path to a fully decarbonised energy system by the middle of the century and revive economies hit by […]
Renewable energy companies unlikely to restart construction post April 20
Mobilising the team will be a challenge. If people have gone across the country, they are not going to come back, a solar developer said. BENGALURU: Construction of renewable energy projects is among the activities that the ministry of home affairs has permitted resumption of from April 20, but developers maintained it will be a […]
Coronavirus has accelerated energy transition by a decade: Wartsila
HIGHLIGHTS Wartsila says Europe coping with high RES share Fossil generation down sharply on demand crash ‘Invaluable knowledge’ for the transition London — European responses to the coronavirus have accelerated the electricity system transition by a decade, proving systems can cope with high levels of renewable energy generation, according to analysis Friday by Finnish power […]
Goa: Now, WhatsApp meter readings for power bills
“Meter readers will go to every house and establishment but if any house remains closed, the consumer can send the meter reading through WhatsApp,” chief electrical engineer Raghuvir Keni said Panaji: The electricity department has given consumers the option of sending meter readings via WhatsApp or SMS so they can generate bills during the lockdown. […]
Renewable Energy Way Up During COVID19 Shutdowns
The dramatic slowdown across Europe due to Coronavirus lockdowns has caused electricity demand to plumet by one-tenth in the first three months of 2020 – the biggest drop in demand since the Second World War. This has caused power generation across the continent to fall. But in a potentially positive sign for Europe’s energy transition, […]
RBI cuts Reverse Repo Rate by 25 bps to 3.75% to Address the Liquidity Stress During COVID-19 Lockdown
“During our darkest moment, we must focus on the light,” the RBI Governor said. The Reserve Bank of India (RBI) on Friday freed up more capital for banks to lend, announced a fresh Rs 50,000 crore targeted long-term repo operation (LTRO 2.0) to address the liquidity stress of shadow banks and microfinance institutions and hinted […]
Renault shifts to all-electric cars for China
The strategy shift comes after years of sluggish sales in China, where Renault hoped its 50-50 venture with Dongfeng, announced in 2013 and focused on a factory in Wuhan, would allow it to make inroads quickly Paris: French automaker Renault said Tuesday that it would start building only electric vehicles for China’s huge passenger car […]
Spain seizes virus tests bound for returning Siemens Gamesa workers: union
Siemens Gamesa began testing some staff last week and had agreed to extend this to the whole workforce, but told employees on Saturday it would not be able comply with its original timetable MADRID: Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have […]
