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    India’s solar installations set to quadruple in two years

    According to reports, solar installations in India are set to double this year and as well as next year also, says the Central Government. According to the Ministry of New and Renewable Energy, India today has installed solar capacity of 4,262 MW, of which 518 MW were built in the current financial year. MNRE expects 4,345 MW of fresh capacity to come up in 2015-16 (including the 518 MW achieved so far.) Further, going by the bids on the anvil, ... Read More »

    Gujarat NRE Coke gets board approval to sell wind business for Rs 218.75 crore

    According to reports, Gujarat NRE Coke Ltd today said its board has approved the sale of its windmill business for a consideration of Rs 218.75 crore. “Gujarat NRE Coke Ltd has received approval from its shareholders for the sale of its 62 windmills in Gujarat for a total wind power energy production capacity of 87.5 MW,” the company said in a regulatory filing. The meeting of the board of directors of the company was held on Monday. “The company has ... Read More »

    Suzlon bags second project with Orange Renewable

    According to reports, Suzlon Group has won a repeat turnkey order for 100.8 MW from Orange Renewable, an independent power producer (IPP), to be installed in a wind park in Beluguppa, Andhra Pradesh. The Pune-based wind turbines maker will offer operation and maintenance service for an initial period of 12 years through an integrated service package. The project will be commissioned starting FY 2016-17. In a statement, Sudhir Nunes, CEO, Orange said: “This is our second project with Suzlon. This ... Read More »

    Six stretches in Gurgaon to get solar traffic signals

    According to reports, six city roads are all set to get solar- powered traffic signals in the next six months. HUDA will install these signals on the request of the traffic police at a cost of Rs 40 lakh. According to HUDA’s executive engineer Arun Dhankar the traffic signals will be installed at Sector 23/23A road, Palam Vihar Chowk, Sector 17/18 dividing road, HIPA T-point, Sector 39/46 dividing road, near Hong Kong market in Sector 56 and near Hilton Hotel ... Read More »

    Germany plans to sell next-gen PVs to India

    According to reports, Germany’s euro 1 billion package for solar projects in India coincides with research in its institutes to develop a new generation of semi-conductors to replace silicon. This can increase the conversion efficiency (from solar irradiation to electrical energy) of solar photovoltaic (PV) panels, reducing the land requirement in countries such as India. German business is also keen on exploring India as a market for LNG. Peter Hohaus, Policy Advisor, Political Affairs and Corporate Communications, E.ON, a gas ... Read More »

    Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj

    According to reports, Kumar Mangalam Birla-controlled Aditya Birla Nuvo Ltd will sell 49% stake in its wholly owned subsidiary Aditya Birla Renewables Ltd to a unit of international private equity firm Abraaj Group to build a renewable energy platform focused on developing solar power plants in India. Aditya Birla Nuvo did not disclose the financial details of the deal. In its filing to BSE on Tuesday, Aditya Birla Nuvo said it has entered into a definitive a share subscription and ... Read More »

    Germany offers euro 2 bn to develop India’s clean energy corridor

    According to reports, Germany on Monday offered euro 2 billion to the Indian government to develop solar projects and a clean energy corridor even as both sides agreed to resume talks for the India-European Union (EU) free trade pact. India also announced it would fast-track approvals for German firms present here. “I place great value on Germany’s assistance of over euro 1 billion for India’s green energy corridor and a new assistance package of over euro 1 billion for solar ... Read More »

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