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    Greenko adds 154 MW wind capacity in first nine months

    According to reports, renewable energy project developer Greenko has increased the power generation capacity by 46 per cent in the nine month period ended December 31, with 1,565 MW up from 1,072 MW. The company’s installed wind power capacity increased by 154 MW to 715 MW. Greenko has stated it remains on track for its operational portfolio to exceed 1,000 MW this year, with all projects currently under construction being fully financed within budget. Greenko has changed its financial year from December ... Read More »

    Mytrah Energy secures Rs. 853-cr loan for 150MW wind projects

    According to reports, independent power producer (IPP) focussing on wind energy projects, Mytrah Energy Ltd has signed an Rs. 852.78 crore ($137.50 million) long-term loan agreement with a leading Indian financial institution. The loan will be used as long-term project finance debt in building 150MW of wind power, which is now fully financed and expected to be on stream in the next 12 months, ahead of the country’s 2016 wind season. With the company’s current capacity at 543MW, this project ... Read More »

    Winds of change hit green energy sector

    According to reports, the government has done well so far. Easy finance and guaranteed demand from the utilities will go a long way. India met with huge success on the renewable energy agenda with the recently concluded RE-Invest. The event brought together political and business leaders from the Centre and the States.The Prime Minister put forth a grand vision of reaching the 200 gigawatt target. The huge presence of the Indian and global community at RE-Invest reaffirms that the world ... Read More »

    India says clean energy a $160 billion opportunity over five years

    According to reports, India’s renewable energy industry is likely to generate business opportunities worth $160 billion in the next five years, the Economic Survey said on Friday, the day before a budget that is set to boost clean energy funding. Prime Minister Narendra Modi is banking on renewables to fight climate change rather than committing to emission cuts like China. He has set ambitious clean-energy targets including raising solar capacity fivefold to 100 gigawatts (GW) by 2022. “It offers a ... Read More »

    Mahindra Reva to license electric tech to other car-makers

    According to reports, in what is seen as a first in the passenger car industry in the country, Mahindra Reva has said it is ready to license electric vehicle technology to other car-makers. The outgoing CEO of Mahindra Reva, Chetan Maini, told BusinessLine that the company has developed electric vehicle kits for this purpose. “We have developed EV ‘kits’ that comprise a full suite of integrated electric vehicle technology solutions, including the know-how for developing drivetrain, battery pack, HVAC (heating, ... Read More »

    Indian Railways Plans 1,000 Megawatts of Solar Energy Projects

    According to reports, Indian Railways plans to tap the sun for energy needs so that it can reduce its dependence on electricity generated by fossil fuels. The rail network plans 1,000 megawatts of solar-power projects in the next five years, Minister Suresh Prabhu said in parliament on Thursday. Developers can use the railway land and buildings to set up solar panels, he said. The minister was presenting the railway budget for the year beginning in April. Prime Minister Narendra Modi ... Read More »

    Ajay Goel set to move to Tata Power from solar arm

    According to reports, Ajay Goel, the Chief Executive Officer of Tata Power Solar Systems Ltd, is moving out of the company to a position in the parent company, Tata Power Ltd. BusinessLine has learnt, through credible sources, that Goel is likely to be replaced by Ashish Khanna, who currently serves as the Chief – Corporate Contract Organisation at Tata Power Ltd. Sources, who did not want to be identified, said Goel would be called upon at Tata Power Ltd to ... Read More »

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