Siemens Gamesa Renewable Energy’s (SGRE) performance in the second quarter of FY2020 (January to March) reflected the unexpected effect of the COVID-19 pandemic on operations and commercial activity, with a direct impact of €56 million on the company’s profitability.
French renewables developer Neoen will build a 400MW solar farm in the Western Downs region of Queensland, Australia after securing a contract to sell most of the power to the state government-owned renewable energy generator CleanCo.
According to analysis by India Ratings and Research, the power demand in India declined for March and April amid the Covid-19 lockdown.
The US utility Dominion Energy is planning a major shift towards renewable energy and batteries as it looks to comply with Virginia’s new clean energy law.
Mitsubishi Hitachi Power Systems’ (MHPS) J-Series gas turbine installed fleet has achieved one million hours of commercial operation.
Dubai Electricity and Water Authority (DEWA) has signed a PPA for the 900MW fifth phase of Mohammed bin Rashid Al Maktoum solar park.
Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower), has delivered a read-out of five consortia’s technical and commercial bids for a 2GW Solar PV IPP project.
As a result of the coronavirus lockdown, energy use in the UK has fallen by around 20 per cent. This had led to a new record being set for how long the country has gone without using any energy produced from coal.
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).