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Siemens Gamesa warns coronavirus will keep squeezing 2020 finances

By : Sustainability ..., May 7, 2020

Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused by the coronavirus outbreak would continue to drag on its earnings this year after squeezing profitability in the second quarter. Despite building up a record-breaking...

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COVID-19: Renewable power generation remains unaffected amid lockdown, says report

By : Sustainability ..., May 6, 2020

Amid the COVID-19 lockdown, renewable power generation remained unaffected due to their ‘must-run’ status while electricity from thermal sources were impacted most due to a decline in power demand in March and April 2020, according to a recent report by Indian Ratings. It...

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Moody's lowers forecast for green bond issuance this year

By : Sustainability ..., May 6, 2020

Moody's said on Tuesday it had lowered its estimate for green bond issuance this year to $175 billion to $225 billion, down from its previous forecast of $300 billion, due to the economic effects of the coronavirus pandemic. Green bonds are fixed-income securities that raise...

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Green recovery can revive virus-hit economies and tackle climate change: study

By : Sustainability ..., May 5, 2020

Massive programmes of green public investment would be the most cost-effective way both to revive virus-hit economies and strike a decisive blow against climate change, top U.S. and British economists said in a study published on Tuesday. With co-authors including Nobel...

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Electric vehicle makers see huge opportunity post Covid-19

By : Sustainability ..., May 5, 2020

With more and more Indians adopting the social distancing norms, the private vehicle sector is poised to witness a significant momentum in the country making way to a substantial increase in the adoption of electric vehicles as the idea of clean-energy alternatives are...

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COVID-19 impact: Green energy installation trips in February, March

By : Sustainability ..., May 4, 2020

Only 222 mw of solar capacity and 25 mw of wind capacity was installed in March as activities came to a halt following the Covid-19 outbreak, and installation would remain slow for another two months, said industry. Construction work began to slow down around the first week...

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EV companies tweak product strategy, defer capex to meet post-COVID scenario

By : Sustainability ..., May 1, 2020

The electric vehicle industry is preparing for life after lockdown by deferring capex and tweaking its product strategy to focus on new and emerging segments. EV manufacturers including Hero Electric, Kinetic, Mahindra Electric and others have indicated deferral of capex and...

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Leaders in an open letter call for solarisation of clinics in rural areas

By : Sustainability ..., May 1, 2020

Twenty leaders from across the country in an open letter released on Thursday have called for action to make all unelectrified healthcare clinics in rural areas solarised. The signatories were from various think-tanks, research groups, renewable energy firms, sustainable...

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COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors

By : Sustainability ..., May 1, 2020

The COVID-19 pandemic has pushed the country under an extended lockdown creating a cascading effect on economic growth but the labour migration caused by it is posing serious challenges for the power and renewable energy industries. The exodus of migrant labourers from major...

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Inox Wind resumes production at all three manufacturing plants

By : Sustainability ..., Apr 28, 2020

Wind turbine maker Inox Wind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). In a regulatory filing Inox Wind said it has resumed operations...

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