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 […]
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 […]
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 […]
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 […]
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, […]
“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, […]
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 […]
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 […]