Siemens AG will close its solar power unit after struggling to find a buyer following losses of at least 784 million euros ($1 billion) euros since 2011 amid Chief Executive Officer Peter Loescher’s failed push into that business to expand renewable energy offerings. The shutdown of the solar division will affect about 280 workers at Europe’s biggest engineering company. Siemens, based in Munich, will finis ...

Experts said China's photovoltaic (PV) sector may experience a new round of reshuffling amid fresh trade tensions with the European Union (EU). Zhang Shuai, an analyst with Sinolink Securities, said that if the EU ends up imposing high duties on Chinese solar products, the PV sector will face a new round of reshuffling and the elimination of excessive production capacity. "This will be conducive to the sect ...

3 GW of new solar photovoltaic power plants are now in the works in the Yunnan province of Southern China — thanks to an agreement between solar manufacturing giant Yingli, the Qujing city government, and the Honghe state government. During the recent announcement of the project, Yingli noted that the region possesses excellent potential for solar energy development. The company also noted that the region’s ...

Japan-based solar manufacturer Kyocera Corporation announced that it had landed an JPY 8.5 billion ($89 million, €67 million ) contract to supply and construct 30 MW of solar facilities for one of the largest solar projects being implemented by JAMC Solar Energy, a company run by the National Federation of Agricultural Cooperative Association (Zen-Noh) and Mitsubishi Corporation. Under the contract, signed ...

Himachal Pradesh's two major hydropower projects remained shut on Monday due to high silt level in the Sutlej river, sparking a power crisis in Punjab, Haryana and Delhi. The country's biggest hydropower plant, the Nathpa-Jhakri power project and Jaypee Karcham Hydro Corp Ltd's 1,000 MW Karcham Wangtoo Hydroelectric Project, both in Kinnaur district, have been closed since Sunday due to sudden rise in silt ...

The State Grid Corporation of China (SGCC), the country's biggest power distributor, said Saturday that electricity demand is expected to increase 8.4% year on year this summer in the regions it covers. The growth is 5.3 percentage points higher than that of last summer, said the company, which supplies power to 80% of China's territory. Seven provincial-level grids will see power demands grow by over 10%, ...

In typical networking businesses – telephone, internet, electricity – as networks expand out from population clusters and into rural areas, their economics deteriorate geometrically. Investments are difficult to justify, and therefore internet access, cellular coverage, and electricity availability are poor, or non-existent, in rural markets. For equity reasons, and because these services are seen as “publi ...

Welfare groups have accused electricity generators of using a wind failure as a smokescreen for a wholesale electricity price spike that will increase electricity bills. The incident happened last week when the price increased from the average below $100 per MwH to $12,199 MwH. An investigation by the Federal Government's Australian Energy Market Operator has found a number of the reasons can be traced back ...

In an Australian mass market first, Origin's Victorian customers will receive access to an innovative new in-home energy monitor that displays near real-time information about their energy use within seconds. Continuing its innovation with smart technology, Origin has today announced the release of the Origin Energy Monitor that is approximately the size of a smart phone, sits magnetically on a customer's f ...

The British Embassy in Manila has urged government agencies, businesses and households in the Philippines to reduce energy waste and cut power bills through investments in energy efficiency. Trevor Lewis, Chargé d’ Affaires at the British Embassy in Manila, also affirmed the United Kingdom’s willingness to share its experience in implementing energy efficiency measures, such as the Green Deal and Smart Mete ...