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Finnish engineering group Wartsila WRT1V.HE expects “considerably better” demand in the final three months of the year, it said on Tuesday, as recovery keeps up in the energy and marine markets. “While market conditions remain uncertain, we expect the demand environment for our offering in the fourth quarter to be considerably better than that of . ....
India can cut its overall cost of electricity in half and reach net zero before 2050 by developing a 100% renewable energy power system, according to modelling ....
The energy transition needs to be carefully sequenced to avoid the cost risks associated with a depleted conventional fossil fuel system, Wartsila’s new president and CEO, Hakan Agnevall, told S&P Global Platts. “Without sufficient balancing power, you will not achieve your goals,” Agnevall said of the necessary race to install wind and solar. Under Agnevall, . ....