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Daily Archives: July 27, 2017

Indian slowdown hits Siemens Gamesa fiscal Q3 revenue

According to reports, Siemens Gamesa Renewable Energy SA (BME:GAM) on Wednesday announced a 7% year-on-year revenue drop for its third quarter to June 30, blaming a “temporary downturn” on the Indian market. Revenues excluding India were up 1.6%. The Spanish-German wind farm equipment manufacturer booked revenues of EUR 2.69 billion (USD 3.15bn) and an underlying net profit of EUR 135 million for April-June 2017. Underlying earnings before interest and tax (EBIT) stood at EUR 211 million, down 21% on the ... Read More »

July witnessed 378,000 non-solar RECs traded on India Energy Exchange

According to reports, a total of 3.78 lakh non-solar renewable energy certificates (RECs) were traded at the India Energy Exchange (IEX) in July. All buy bids were cleared at a floor price of Rs 1,500, IEX said in a statement. “The session in July 2017 saw about 4 per cent increase in trade of non-solar RECs over April 2017 when 3,64,820 were traded and 172 per cent increase over July 2016 session when 1,39,250 traded,” it said. The distribution companies ... Read More »

Premier sets up 200MW solar module unit in Telangana

According to reports, city-based solar solutions provider Premier Solar on Wednesday announced that it has set up a 200MW solar module manufacturing facility in Sangareddy, taking its total installed capacity to 375MW. The company also announced its foray into the solar powered hybrid e-vehicles segment. “The new 200MW plant will be launched on July 29 and we will also be unveiling the solar powered hybrid e-vehicles on the same day. In the last two years, we have invested close to Rs 100 ... Read More »

Street vendors in India can soon tap into solar energy

According to reports, the National Association of Street Vendors of India estimates that there are around 30,000 street vendors in Bengaluru. Small businesses like these face innumerable challenges, given their make-shift existence. Availability of light in the evening is one of them. It is this challenge that non-profit Selco Foundation is hoping to address. The foundation has been finding sustainable solutions for marginalised communities. It called for entries to build sustainable, cost-effective energy kiosks that can be used by street vendors and ... Read More »

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