Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
/ / Finance and M&A, Wind
Daily News Wrap-Up Power Ministry Amends License Rules to Distribute Electricity

Daily News Wrap-Up: Power Ministry Amends License Rules to Distribute Electricity

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of Power recently amended the Distribution of Electricity License (Additional Requirements of Capital Adequacy, Creditworthiness, ...
/ / Other, Renewable Energy
Daily News Wrap-Up Tata Power-DDL Meets Renewable Purchase Obligation for FY22

Daily News Wrap-Up: Tata Power-DDL Meets Renewable Purchase Obligation for FY22

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Delhi Distribution Limited became a 100% RPO (renewable purchase obligation) compliant DISCOM for the second ...
/ / Other, Renewable Energy
Siemens Gamesa to Supply Wind Turbines to Vena Energy's 133 MW Project in Karnataka

Siemens Gamesa to Supply Wind Turbines to Vena Energy’s 133 MW Project in Karnataka

Wind turbine manufacturer Siemens Gamesa has signed a pact with clean energy company Vena Energy to supply its 3.X platform wind turbines for a 133 MW project in the Koppal ...
/ / Wind
Daily News Wrap-Up: Siemens to Construct 100 MW Battery Storage Facility in Germany

Daily News Wrap-Up: Siemens to Construct 100 MW Battery Storage Facility in Germany

Here are some noteworthy cleantech announcements of the day from around the world: Siemens Smart Infrastructure and Zukunftsenergie Nordostbayern GmbH signed a letter of intent to construct a 100 MW battery storage ...
/ / Other, Renewable Energy
Siemens Acquires C&S Electric for ₹21 Billion, Expands to Low-Voltage Power Market

Siemens Acquires C&S Electric for ₹21 Billion, Expands to Low-Voltage Power Market

Siemens has acquired an electrical equipment manufacturer C&S Electric after receiving the Competition Commission of India's approval. The company has completed the acquisition of 99.22% equity shares of C&S Electric ...
/ / Finance and M&A, Other
Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola Partners with Siemens to Build Advanced Electric Scooter Manufacturing Facility

Ola, one of India's leading mobility platforms, has announced that it has partnered with Siemens to build its upcoming electric vehicle manufacturing facility. The announcement comes on the heels of ...
/ / Electric Vehicles, Other
SECI Tenders 2 GW of ISTS-Connected Wind Projects under Tranche-V

Siemens Acquires 46% Equity in Greenko’s Poovani Wind Project in Tamil Nadu

Greenko Group has signed an agreement with Siemens Financial Services (Siemens) for 46 percent equity investment in its 200 MW Poovani wind power project in Tamil Nadu. This is the ...
/ / Other, Wind
Siemens Acquires KACO New Energy’s Solar String Inverter Business

Siemens Acquires KACO New Energy’s Solar String Inverter Business

German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
/ / Finance and M&A, Solar
Siemens and Drax Power Enter £40 Million Contract for Upgradation of Biomass Turbines

Siemens and Drax Power Enter £40 Million Contract for Upgradation of Biomass Turbines

Drax Power and Siemens have signed a £40 million ($52.47 million) contract for the upgrade of turbines on three of Drax Power’s biomass units over the next three years. The ...
/ / Other, Other Energy
Solar Auction Cancellations Need a Fix for Market Sentiment to Improve

Thai and Vietnamese Firms Come Together for a 420 MW Solar PV Project

Thailand’s B.Grimm Power and Vietnam’s Xuan Cau have signed a development cooperation agreement for a 420 MW solar photovoltaic (PV) project located in Tay Ninh, south-west of Vietnam. The project ...
Siemens to Provide Equipment for 258 MWp Solar Project in Vietnam

Siemens to Provide Equipment for 258 MWp Solar Project in Vietnam

Siemens, a Germany-based supplier of transmission, distribution and smart grid solutions, has won a contract with Trung Nam Group to supply equipment for Vietnam’s largest solar park in operation. Under the ...
/ / Markets & Policy, Solar
Siemens to Manufacture New Generation of Solar PV Inverters in India

Siemens to Manufacture New Generation of Solar PV Inverters in India

Siemens, a supplier of transmission, distribution and smart grid solutions, launched Sinacon PV a new generation of photovoltaic (PV) central inverters with an output up to 5,000 kVA. The inverter ...
/ / Inverters & BOS, Solar