Panchabuta-Renewable Energy & Cleantech in India
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Local content norms for solar projects ineffective: First Solar
According to reports, emphasising that local content requirements for solar projects are “ineffective”, solar gear maker First Solar has said creating a transparent market with significant demand is the best way to promote local industry. The comments from US-headquartered First Solar come against the backdrop of the US dragging India to the World Trade Organisation (WTO) … Continue reading
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China Ming Yang Wind Power Group Limited (NYSE: MY), a leading wind turbine manufacturer in China, reiterated recent statements by its Chairman and Chief Executive Officer, Chuanwei Zhang, that market prices of 1.5 megawatt (“MW”) and 2.0MW domestic wind turbine generators (“WTG”) are expected to increase up to as much as RMB4,000 per kilowatt (“KW”) … Continue reading
According to reports, the lowest financial bid for Tamil Nadu’s plan to set up 1000 mega watt of solar power, India’s single-biggest solar tender, has come in at Rs 5.97 per kilowatt hour, experts said. However, state utility Tamil Nadu Generation and Distribution Corporation Ltd will take a final decision on what will be a … Continue reading
According to reports, venture capital (VC) funding in the wind sector was slightly lower in 2012 as compared to 2011. The total amount was nearly $315 million in 22 deals, according to a report by Mercom Capital Group, llc, a global clean energy communications and consulting firm. While venture capital funding into new technology companies … Continue reading
According to reports, Gujarat Venture Finance Ltd (GVFL) has picked up equity stake in SPV (Special Purpose Vehicle) of UK-based SITAC group, formed to execute 50 MW wind farm project of Rs 252 crore in Gujarat, a top executive said. GVFL along with SITAC group recently signed a MoU with the state government to develop 50 … Continue reading
According to reports, the second phase of the national solar mission could get delayed due to lack of government finance for the upcoming projects. “Government investment is not flowing in, so execution of the next phase will get delayed,” said a top official at ministry of new and renewable energy. For the second phase of the … Continue reading
According to reports, the final draft of the 12th Five Year Plan provides two different estimates of share of renewable energy in electricity mix by 2017, creating an ambiguity over the government’s ambitious plan to increase the share of clean energy, according to a review released Monday. The ‘Review of India’s Progress in Achieving National Action … Continue reading
According to reports, in a pre-budget exercise, the Climate Parliament group of Members of Parliament asked the Finance Minister, P. Chidambaram to incorporate a series of financial measures for renewable energy in the Budget 2013-14, so that the targets set in the National Action Plan of Climate Change (NAPCC) and in the draft 12 Plan document, … Continue reading
Mr. G.B Pradhan, Secretary, Ministry of New and Renewable Energy talks to Panchabuta about the growth of Renewable Energy in India, the development of the sector and the way ahead for renewables in India.
According to reports, Reliance Power has raised external commercial borrowings of around Rs 1,588 crore ($302 million) to fund its 100 MW solar power project in Rajasthan. The company has achieved financial closure for the largest concentrated solar power (CSP) project at Dhursar in Rajasthan’s Jaisalmer district. The 100-MW plant is being built adjacent to India’s … Continue reading
First Solar, Inc. (Nasdaq: FSLR) has completed an agreement for the supply of First Solar’s advanced, thin-film solar modules for two solar photovoltaic (PV) power plants totalling 50 megawatts(MW) DC to , Kiran Energy Solar Power Pvt. Ltd. and Mahindra Solar One. The two adjacent projects, which together will be one of India’s largest PV … Continue reading
