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    Why the US backs India’s great solar bet

    According to reports, with the US committing $4 billion (Rs 24,400 crore) to India’s renewable energy sector at a time when energy-starved India is under pressure to cut carbon emissions, Prime Minister Narendra Modi’s motto of “energy to all” could not have had a better boost. The $4 billion deal will mainly comprise loans from US banks and financial institutions. In addition, a memorandum of understanding was signed earlier this month between US-based Sun-Edison Inc and Adani Enterprises to invest ... Read More »

    Surya Roshni eyes Rs 500 cr revenue from LED over 3 yrs

    According to reports, lighting firm Surya Roshni is aiming for Rs 500 crore revenue from the light-emitting diode (LED) segment in the next three years. It entered the LED business last year by investing around Rs 50 crore, and is looking to invest more as it sees this segment as the future of lighting. “The company has already invested Rs 40-50 crore and is also planning to invest further. Surya shall strive to achieve a revenue of Rs 500 crore ... Read More »

    Patna can generate 277MW solar energy by 2025

    According to reports, the state capital can generate 277MW of solar energy by 2025. Patna can start producing solar energy up to 35MW in the initial phase by using the roofs on government and industrial buildings. This can bridge the ever-increasing gap between demand and supply of energy, says a report of the Centre for Environment and Energy Development (CEED) titled “Rooftop Revolution: Uncovering Patna’s Solar Potential”. The report was released by Bihar Electricity Regulatory Commission (BERC) chairman UN Panjiar ... Read More »

    Senvion deal has lenders’ support: Suzlon Chairman

    According to reports, Suzlon Chairman Tulsi Tanti is happy with the sale of his company’s German subsidiary Senvion for about €1.1 billion. Responding to queries from BusinessLine, Tanti spoke of his company’s plan to pare debt and turn itself into green next fiscal. Edited excerpts: How happy are you with the valuation of the Senvion sale? Are lenders appreciative of the valuations? Valuation is in line with current multiples. Lenders are appreciative of the steps we have taken to repay ... Read More »

    Govt plans to rope in 50k to man solar plants

    According to reports, the government is betting on 50,000 youths to implement a part of its ambitious plan of achieving 100 GW of solar capacity by 2022. The nodal ministry of new and renewable energy (MNRE) is drafting a Cabinet note that will lay down the contours of engaging a battery of young and unemployed population in maintaining and running solar plants of 25,000 MW capacity across the country. Government officials that FE spoke to said that the plan seeks ... Read More »

    Inox Wind gets 118 MW wind farm project from Tata Power subsidiary

    According to reports, Inox Wind Ltd, a unit of Gujarat Fluorochemicals Ltd, said on Tuesday that it has been awarded two wind farm projects of 54 megawatts (MW) and 118MW in Gujarat and Rajasthan, respectively, by Tata Power Renewable Energy Ltd, a subsidiary of Tata Power Ltd. The agreement requires Inox Wind to supply, erect and commission 86 units of its 2MW wind turbine generators. The Gujarat project, located near Rojmal village of Bhavnagar district, is to be completed by ... Read More »

    SunEdison joins US – India climate talks

      SunEdison, Inc. CEO,  Ahmad Chatila joined President Barack Obama and Prime Minister Narendra Modi of India in New Delhi, India, to discuss the ways that renewable energy can drive US-India trade, provide American jobs, and curb India’s greenhouse gas emissions.   “It’s a great honor to be invited to meet with President Obama and Prime Minister Modi to discuss how renewable energy can benefit the people of both India and America,” stated Ahmad Chatila, Chief Executive Officer of SunEdison. ... Read More »

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