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    Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj

    According to reports, Kumar Mangalam Birla-controlled Aditya Birla Nuvo Ltd will sell 49% stake in its wholly owned subsidiary Aditya Birla Renewables Ltd to a unit of international private equity firm Abraaj Group to build a renewable energy platform focused on developing solar power plants in India. Aditya Birla Nuvo did not disclose the financial details of the deal. In its filing to BSE on Tuesday, Aditya Birla Nuvo said it has entered into a definitive a share subscription and ... Read More »

    Germany offers euro 2 bn to develop India’s clean energy corridor

    According to reports, Germany on Monday offered euro 2 billion to the Indian government to develop solar projects and a clean energy corridor even as both sides agreed to resume talks for the India-European Union (EU) free trade pact. India also announced it would fast-track approvals for German firms present here. “I place great value on Germany’s assistance of over euro 1 billion for India’s green energy corridor and a new assistance package of over euro 1 billion for solar ... Read More »

    India gets 125 mn euro German loan for green energy projects

    According to reports, India and the German government-owned development bank KFW have signed two loan agreements worth euro 125 million for financing two projects under the Green Energy Corridor project, an official statement said on Tuesday. “Government of India and KFW signed here yesterday (Monday) two loan agreements worth euro 125 million for financing two projects under the Green Energy Projects programme – Himachal Pradesh (euro 57 million) and Andhra Pradesh (euro 68 million),” said an Indian finance ministry statement. ... Read More »

    State discom problems will be resolved soon: Goyal

    According to reports, resolution of the problems of financially stressed State electricity distribution utilities is “on the cards”, said Piyush Goyal, Power, Coal and New & Renewable Energy Minister, on Tuesday. At a panel discussion organised by the think tank Brookings India, Goyal said: “I have been having extensive meetings with State chief ministers and I am very confident that in the days to come you will see a significant amount of policy intervention to help distribution utilities get a ... Read More »

    Siemens bags Rs 79-cr order from Suzlon to supply gear boxes

    According to reports, Siemens Ltd today said it has won an order of Rs 79 crore from wind turbine maker Suzlon Energy Ltd to supply gear boxes. “The scope of work for the project includes supply of Winergy brand gear boxes of 2.1 MW capacity for wind turbines,” Siemens said in a statement. Read More »

    Inox Wind Bags 50 Megawatt Wind Power Project From GMDC

    According to reports, energy solutions provider Inox Wind on Wednesday said it has bagged a 50 MW wind power project in Gujarat from a major minerals and lignite mining company GMDC. “As part of the turnkey order, Inox will supply and install 25 units of its advanced 2MW DFIG 100 rotor dia Wind Turbine Generators (WTGs) for Gujarat Mineral Development Corp (GMDC),” the power utility firm said in a statement. The project is GMDC’s first order with Inox Wind and ... Read More »

    India has makings of becoming “clean energy world capital

    According to reports, Prime Minister Narendra Modi on Sunday chaired a roundtable meeting on renewable energy, with top energy CEOs and experts, in San Jose. Among the views expressed at the roundtable, was a clear assertion that India has the makings of becoming the “clean energy world capital.” Dr. Ernest Moniz, Secretary of Energy, United States; and Prof. Steven Chu, former US Secretary of Energy were present at the roundtable meeting. Top energy CEOs and investors, including Ahmad Chatila, CEO ... Read More »

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