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  • Latest Renewable Energy News

    Govt says $1.77 billion FDI equity came into Indian renewable sector

    According to reports, India witnessed a total of $1.77 billion equity investment in the form of foreign direct investment (FDI) in the non-conventional energy sector between April 2014 and September 2016, the Modi government said in an “Achievement Report” of its flagship Make in India initiative. As per the data available, a majority of the bigger investments have come from Mauritius, Malaysia, Philippines, Singapore, Japan, Germany, Spain, US and Seychelles. Under automatic route for projects of renewable power generation and distribution, ... Read More »

    Amplus plans acquisition of solar power firm Kiran Energy

    According to reports,  Amplus Energy Solutions Pvt. Ltd, which has offered to sell solar power at a record-low tariff, has evinced interest in acquiring Kiran Energy Solar Power Pvt. Ltd, said three people aware of the development. Amplus, backed by US private equity (PE) firm I Squared Capital, is interested in the acquisition given the high electricity tariffs awarded in some of the power purchase agreements (PPAs) signed by Kiran Energy. Mint couldn’t ascertain the value of the potential deal. ... Read More »

    ReNew Power secures $390 million debt funding from ADB

    According to reports, ReNew Power has a target to set up over 11GW of combined wind and solar capacity in the next four years. Clean energy company ReNew Power Ventures Pvt. Ltd said it has secured long-term $390 million debt funding from existing investor Asian Development Bank (ADB). ReNew will use the proceeds from the ADB investment to develop and expand capacities of 709 megawatts (MW) across Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana, the company said in a ... Read More »

    Competitive bidding in Wind: An idea whose time is now

    According to reports, for the first time Indian companies generating and selling electricity from wind turbines are facing the prospect of having the selling price determined by market forces. For many years, the price (called ‘feed-in tariff’) was fixed on the basis of negotiations with the buyer, viz., the electricity boards. In the recent years, though, the price is being fixed by the state’s electricity regulator, who would hear out both the wind company and the power distributor, and then ... Read More »

    ‘India, a hotbed for next solar revolution’

    According to reports, as India sets ambitious target for renewable energy sector growth, a number of opportunities have opened up. These include inverters, back up facilities, smart grids, net metering, distribution management systems for large solar parks, and Green Energy Corridors. Anil Chaudhry, Country President and Managing Director, Schneider Electric India, in an exclusive interaction with BusinessLine details the potential it holds for his Euro 27 billion revenue company. Excerpts: How do you see the unfolding opportunity in the renewable ... Read More »

    IIM–Tiruchi taps solar power

    According to reports, the Indian Institute of Management-Tiruchi plans to set up a 2 MW solar power plant on its new campus at Chinna Suriyur on Tiruchi-Pudukottai road. It will be installed at an estimate of Rs. 14.2 crore. The Rural Electrification Corporation Limited (REC), one of the navatrna enterprises of the Government of India, has agreed to fund the project as part of its Corporate Social Responsibility (CSR) initiative. A Memorandum of Understanding to that effect was signed between ... Read More »

    Tata Power becomes India’s largest renewable company with 3,060 MW operating capacity

    According to reports, integrated power company Tata Power Co Ltd today said the company has become the largest renewable energy company in India with its non-fossil operating capacity reaching 3,060 Megawatt. Tata Power said its non-fossil fuel portfolio comprises 693 MW hydro, 918 MW solar, 1,074 MW wind and 75 MW of waste gas-based generation. The company added that it the company has revised its share of non-fossil fuel based capacity up to 35-40 per cent by 2025. In FY16, ... Read More »

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