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    Gamesa Wins 172 Megawatts of Wind-Turbine Orders in India

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    According to reports, Gamesa Corp. (GAM) Tecnologica SA, Spain’s biggest wind-turbine maker, has won orders from five Indian wind farms to supply 172 megawatts of machines. The 86 turbines, to be made in India, will be delivered to projects in Madhya Pradesh, Gujarat, Karnataka, Rajasthan and Maharashtra states next year, the company said in an e-mailed statement. It didn’t disclose the buyers or value of the deals. India’s wind market is recovering from a downturn after the government restored a ... Read More »

    SunEdison, Azure, Welspun, win solar projects in Karnataka

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    According to reports, American solar companies, SunEdison and Azure Power, and India’s Welspun have bagged big solar projects in the 500 MW Karnataka tender. SunEdison has won the highest: 150 MW – for separate projects, quoting between ₹6.83 and ₹6.97 a kWhr. Azure Power has bagged 140 MW, quoting between ₹6.89 and ₹6.96 a kWhr. Confirming this, Azure Power’s CEO, Inderpreet Wadhwa, told Business Line that with these projects, and with another 50 MW project it won recently in Andhra ... Read More »

    Meghalaya govt to start micro grid systems in select villages

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    According to reports, the Meghalaya government will provide micro grid systems in some villages in the state where power will be generated using renewable resources and energy thus saved will be routed to industries, Chief Minister Mukul Sangma said today. “We have identified certain villages in the state where there is a possibility of them being delinked from the main grid after they are provided with renewable power,” Sangma said while addressing a national seminar on how power sector impacts ... Read More »

    Tata group undertakes investment in Swiss solar company

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    According to reports, Tata group has invested in a Swiss start-up solar company as several companies from the European country vie for a share in the Indian solar energy market which is seen as having a huge potential due to its growing energy needs. “Tata is an investor in Flisom and has a significant investment in the company,” Chief Operating Officer of Flisom Sudheer Kumar said speaking at the company’s research office in Dubendorf here. Asked about the Tata share ... Read More »

    Little over 36,000 RECs find buyers on IEX this month

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    According to reports, reflecting sluggish demand, just over 36,000 renewable energy certificates were sold this month on the Indian Energy Exchange whereas nearly 50 lakh such certificates were up for sale. During the session on IEX yesterday, as many as 36,411 non-solar RECs were traded while those in the solar segment touched just 232. Trading in RECs take place in the country’s power exchanges on the last Wednesday of every month. “In the non-solar segment, 36,411 buy bids and 47,66,941 ... Read More »

    Wind sector VC funding drops to $2.4 billion

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    According to reports, corporate funding activity in the wind sector globally dropped to $2.4 billion in the third quarter of 2014 from $4 billion in the second quarter of the year, according to a report by global clean energy communications and consulting firm Mercom Capital Group. Wind venture capital (VC) funding came in at $140 million in one deal, compared to $48 million in four deals in last quarter. The only VC deal this quarter was India-based ReNew Power Ventures’ ... Read More »

    Narendra Modi government pushes for walk the talk on solar energy

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    According to reports, Governments in India are often seen exhorting people to adopt renewable power and save energy but now the NDA government wants to walk the talk on the issue. The union ministry of new and renewable energy (MNRE) has asked all the union ministries and public sector units to adopt solar energy and install rooftop solar units to not just save energy but inspire the common man too. A letter in this regard was sent by MNRE secretary ... Read More »

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