Joe Kaeser, CEO of Siemens, said in early April that the company would not cut jobs due to the pandemic. However, the company is experiencing financial impact as a result of the lockdowns imposed because of the coronavirus.
The Asian Development Bank (ADB) has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).
Eskom of South Africa is seeking proposals on how to repurpose the Komati, Grootvlei, and Camden coal-fired power plants once they reach the end of their operational life.
GE Renewable Energy has announced that it was selected by DIF Capital Partners to provide a 10-year full-service agreement (FSA) for the 183MW Idaho Win Partners wind farms near Twin Fall, Idaho, USA.
The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the credit appeal of coal-fired power plants seems to be in terminal decline.
EDF Energy will review the future of its 2GW West Burton A coal-fired power plant in Nottinghamshire, England when its capacity market contracts expire in September 2021.
Bheki Nxumalo, Eskom’s head of power generation, has said that load shedding in South Africa will probably resume in May, once the lockdown has been lifted, and will continue until August 2021.
GE has signed a contract with Phuong Mai Wind Power JSC, a Special Purpose Vehicle entity jointly invested by Truong Thanh Development and Construction Investment Joint Stock Company (DECONNIN) and Hanoi Construction – Industrial Investment (HANOINCO) to provide 11 2.4MW-116 turbines and technical advisory service for Phuong Mai 1 wind farm.
Siemens Gamesa has secured its third deal in Sweden for its 5.X next generation platform.
Siemens Gas and Power has won a contract to provide three 33MW SHT-700B industrial gas turbines for a Long-Term Programme (LTP) with Ascend Performance Materials’ nylon intermediate and speciality chemicals facility in Decatur, Alabama, USA.