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Wind turbine firms close Spanish factories as coronavirus restrictions tighten

Denmark’s Vestas, the world No.1, has suspended production at its two Spanish plants, a spokesman told Reuters, adding that its service and maintenance business was still working. Vestas has also paused manufacturing and construction in India FRANKFURT: Europe’s largest wind turbine makers on Wednesday said they had shut down more factories in Spain, a major […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ

Mondragon Assembly to manufacture four machines that will produce 14 million surgical masks per month

Mondragon Assembly and Bexen Medical are combining their knowledge and resources to collaborate in the production of surgical masks at the national level. A week ago, Luis Mari Imaz, CEO of the Mondragon Assembly Group, and Carlos Arsuaga, CEO of Bexen Medical, received a call from María Jesús Lamas Díaz, the director of the Spanish […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ

Coronavirus could stall a third of new U.S. utility solar this year -report

About 5 gigawatts (GW) of big U.S. solar energy projects, enough to power nearly 1 million homes, could suffer delays this year if construction is halted for months due to the coronavirus pandemic, according to a report published on Wednesday. The forecast, a worst-case scenario laid out in an analysis by energy research firm Wood […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ

PE-VC companies invest $5.9 billion across 164 deals in the Q4FY20

The latest quarter witnessed 14 PE-VC investments worth $100 million or more, down from the 20 such transactions in the same period last year Privatee equity-venture capital (PE-VC) firms invested $5.9 billion across 164 deals in the quarter ended March 2020, 36 per cent lower than the $9.2 billion across 249 transactions during the same […]

Jupiter International to invest Rs 6,500 crore on capacity expansion – EQ

Covid-19 could stop new Australia wind and solar projects, wipe out global growth

The global Covid-19 pandemic is expected to hit planned wind and solar projects in Australia and other countries particularly hard, and wipe out any anticipated growth in renewables deployment in 2020, according to a new study. The Norway-based Rystad Energy says it had expected global solar additions to grow 15% to 140 gigawatts in 2020, […]

Role of prosumers in renewable energy adoption in India – EQ

Power Demand Coming Back in China After Unprecedented Drop During COVID-19 Lockdown

“Home Isolation” Surge Partly Compensated for Big Industrial Decline The first nation to implement a COVID-19 lockdown, China has experienced an unprecedented power demand drop during the first two months of the year as a result of the stagnation of industrial and commercial activities. Electricity consumption declined 7.8% year on year during January and February, […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ

NTPC, NHPC, REC & Other Power Ministry PSUs Donate Huge Rs 925 Cr To PM-CARES Covid Fund

On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES fund launched by Prime Minister […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ

Virus lockdown to dent electricity demand by around 25 pc, say analysts

The entire country was put under a three-week lockdown starting March 25 to arrest the spread of the coronavirus pandemic. A few states like Maharashtra had already been under a lockdown or preparing for one starting March 15 Mumbai: The ongoing lockdown is set to dent electricity demand by a fourth as economic activity sputters […]

IREDA Q3 Results: 36% Revenue Growth, 27% Rise in PAT – EQ