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    GreenKo Group raises USD 550 million in overseas bond sale

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    According to reports, Hyderabad-based GreenKo Group plc, a leading independent clean energy power producer, has raised USD 550 million in a five-year overseas bond sale at a coupon rate of eight per cent at maturity. This is the largest debt sale by a domestic firm with low or sub-investment grade ratings, and the seventh such issue this fiscal. In this connection, it may be recalled that Rolta had raised USD 300 million earlier this month, while IL&FS International Transportation Network ... Read More »

    Infosys plans to invest in 200 megawatts of clean-power plants

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    According to reports, Infosys Ltd. plans to invest in 200 megawatts of clean-power plants by 2018 to meet the energy needs of India’s second-largest software services exporter. The company will spend Rs1,400 crore ($233 million) to set up solar, wind, biomass and hydropower plants, vice president Rohan M. Parikh said by phone from Bangalore on Friday. The plants will generate about 300 million kilowatt-hours of electricity a year, equivalent to consumption at its 11 Indian campuses. The power will be ... Read More »

    Myrtah Energy increases operating wind portfolio to above 500 MW

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    Mytrah Energy Ltd Friday said it has increased its portfolio of operating wind assets by 70% since the end of December, and it is performing well since the start of the monsoon season in India. The power producer said that following the installation of an additional 65 megawatts of assets, its portfolio of operating wind assets now stands at 524.9 megawatts, a 15% increase since March 17, when the company reported its annual results, and a 70% increase since the ... Read More »

    Suzlon’s Loss Narrows as India Wind Market Improves

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    According to reports, Suzlon Energy Ltd. (SUEL), India’s biggest wind-turbine maker, reported a narrower loss in the fiscal first quarter as it benefits from improving margins and policy decisions in its home market. The net loss shrank to 7.5 billion rupees ($125 million) in the three months through June from 10.6 billion rupees a year earlier, the Pune-based company said today in an e-mail. Total income rose 20 percent to 46.7 billion rupees. The manufacturer’s gross margins improved 4.4 percent ... Read More »

    Secunderabad Cantonment Board to set up 1 MW solar power plant in Hyderabad soon

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    According to reports, the Secunderabad Cantonment could be the first cantonment area to switch over to solar energy, with a Delhi-based firm (PEC Limited) getting ready to set up a solar power mini grid either at Balamrai pump house or Gun Rock pump house. Once functional, the plant would generate 1 MW (mega watt), enough to power some utilities in the SCB area. A survey to identify land suitable to set up the plant is in full swing. The Secunderabad ... Read More »

    India Plans Biggest Solar Auction of 1,500 Megawatts

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    According to reports, India plans to auction 1,500 megawatts of solar-power capacity in its biggest tender yet, saying photovoltaics may supply power as cheaply as coal five years earlier than it expected. “The government proposes to introduce a scheme for setting up 1,500 megawatts of grid-connected solar photovoltaic power projects,” Power Minister Piyush Goyal said in a written response to questions in parliament today. He also said solar electricity may become cost-competitive with fossil fuel-based grid power by 2017, instead ... Read More »

    Distributed solar power developer Fourth Partner Energy raises funding from Chennai Angels

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    According to reports, The Chennai Angels (TCA), a network of private angel investors, has invested an undisclosed amount in Hyderabad-based solar power products firm Fourth Partner Energy Pvt Ltd, according to a press release. The investment round was led by TCA investor members, Shankar V, Kayar Raghavan and Narayanan R. Founded in 2010 by Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti, Fourth Partner Energy has completed over 300 solar installations across the country with marquee public and private sector companies. ... Read More »

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