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  • Latest Renewable Energy News

    Pradip K. Tripathi to replace Tarun Kapoor at Ministry of New and Renewable Energy as Joint Secretary

    Pradip K. Tripathi, IAS (JK:1987), as Joint Secretary, Ministry of New and Renewable Energy from the date of assumption of the charge of the post for a period of five years or until further orders, whichever is earlier, vice Shri Tarun Kapoor, IAS(HP:1987) Read More »

    Infosys produces solar power at ₹2.85/kWhr, plans expansion

    According to reports, the cost of solar power has dipped well below the ₹3-mark, if software major Infosys is any example. The company has 6.6 MW of ground mounted solar capacity (and another 600 kW on the roofs) at its Hyderabad facility. The cost of generation of electricity, averaged over 20 years, works out to ₹2.85, Infosys’ Executive Vice-President, U Ramadas Kamath, told BusinessLine recently. Encouraged, Infosys is now onto adding another 3.5 MW in the same area. Kamath said the ... Read More »

    Govt plans solar parks, ultra mega projects to overcome land problems

    According to reports, to overcome the scarcity of land for expansion of solar energy in the country, government is planning a number of initiatives like development of solar parks, ultra mega solar power projects and solar zones. “The government has planned to overcome the challenge by launching the schemes like development of solar parks and ultra mega solar power projects, development of solar zones in the country and roof top solar projects,” Minister for Power, Coal and New and Renewable ... Read More »

    Orient green breaks 3-yr streak of losses with Rs 829 crore pat in Q2

    According to reports, wind and biomass energy major Orient Green Power (OGPL) has broken its three-year run of losses by posting a profit after tax (PAT) of Rs 829 crore in the second quarter. The Shriram Group-promoted company incurred a net loss of Rs 227 crore in the corresponding quarter a year ago, while consolidated losses for 2015-16 had been Rs 340.3 crore. Though it had begun recovering in the first quarter of 2016-17, it was still in the red ... Read More »

    India’s 87 per cent solar cell imports from China in April-September: Piyush Goyal

    According to reports, India imported solar and photovoltaic cells worth about USD 826 million from China in the first six months of the current fiscal, which is over 87 per cent of the country’s total such imports. India’s total imports of these cells were worth USD 948.88 million, including USD 825.98 million from China, constituting 87.05 per cent, during the April-September period of 2016-17, New & Renewable Energy Minister Piyush Goyal stated in a written reply to Lok Sabha on Thursday. ... Read More »

    ABB well positioned for a clean energy future in India

    According to reports,  for ABB, India holds a lot of significance. In an interview with Sanjay Jog, ABB India MD & CEO Sanjeev Sharma shares the company’s strategy in India and how he plans to increase presence.  How is ABB  equipped to tap opportunities in the Indian railways? ABB has recently won an order from Alstom to supply 1,600 traction transformers for 800 new electric freight locomotives in India. The new locomotives will expand Indian Railways’ capacity, easing congestion. We are ... Read More »

    Spurt in solar capacities: is India prepared and what it means for conventional energy?

    According to reports, Mercom Capital Group estimates solar installations will double to around 8,700 megawatts (MW) in 2017 from around 4,200MW in the current year. That would be a record of sorts for the Indian energy sector, which added a total of 4,020MW of solar capacities in the previous three years. The surge in capacity additions underlines the strong policy push. But the pertinent question is whether the Indian energy sector is prepared to absorb such large renewable capacities. “Next ... Read More »

    India’s debt-laden power retailers seen scaring off global investors

    According to reports, India’s money-losing state power retailers may be scaring off power plant investors, according to Sembcorp Industries Ltd., compounding the industry’s woes that have left about 20 per cent of the country without electricity. Delayed payments by the distributors and their reluctance to sign long-term purchase contracts are risks for investors, said Vipul Tuli, chief executive officer at the Singapore-based company’s India unit. It joins Spanish wind power producer Acciona SA and Goldman Sachs Group Inc.-backed ReNew Power Ventures ... Read More »

    PTC India selected trader for 1000 MW wind power govt plans

    According to reports, PTC India   Ltd is the chosen trader for 1000 MW of wind power capacity that will be set up by private developers under a government scheme, an official familiar with the development told Moneycontrol. The government, through its nominated agency Solar Energy Corp of India Ltd, is currently in the process of inviting private developers to set up solar power units of capacities totalling 1000 MW. The projects will be awarded through a reverse bidding process to ... Read More »

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