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Monthly Archives: July 2011

Suzlon does a turnaround with Rs.600 million profit in Q1 FY12

Suzlon has reported strong Q1 FY12 numbers beating most of the earning forecasts by analysts. The company announced a 80% YoY growth in revenues to Rs. 4,326 crore / US$ 980 million. Further, the company maintained its guidance for FY12. The company reported a PAT  of Rs. 60 crore / US$ 14 million, against loss of Rs. 912 crore /US$ 206 million of Q1 FY11, the corresponding period previous year.  The EBITDA was  Rs. 490 crore / US$ 111 million, ... Read More »

Phoenix Solar Singapore extends reach to India with two 1MW contracts in Gujarat and Tamil Nadu

Zynergy Projects and Services Pvt Ltd (ZPSPL) recently announced that it intends to invest Rs 2,000 crore in a solar photovoltaics (PV) equipment manufacturing facility, and Rs 5,500 crore in developing a solar farm in Tamil Nadu. Apart from producing equipment and developing the solar farm, ZPSPL intends to offer EPC services to other solar farm developers for which it has a tie-up with Phoenix Solar of Singapore. Phoenix Solar Pte Ltd in Singapore, the Asia Pacific subsidiary of  Germany-based Phoenix ... Read More »

Gamesa beats first half forecast with solid growth in India and Latin America

Wind energy has witnessed a lot of activity in recent times in India. Panchabuta, has earlier talked about the  Generation Based Incentives (GBI) scheme for grid connected wind power projects with the objective of broadening the investors base by attracting FDI and independent power producers. India had 11,800 MW of wind power installed at the end of March 2010 according to the Indian Wind Energy Association, making it the world’s fifth largest wind power market. The  installation  in India being ... Read More »

CESC banks on renewable energy- targets 50MW solar capacity in Rajasthan

According to reports, after consolidating its position in the thermal and hydel power segments, CESC Ltd, the private power generation- cum-distribution major of the RP—Sanjiv Goenka Group, is now banking on the renewable energy segment. While work at the 90-MW hydel power project by CESC at Jarong in Arunachal Pradesh is in progress, two more sites in Rajasthan will have solar power units of 25-MW each, said Sanjiv Goenka, group chairman. “We will be focusing on the western part of India, ... Read More »

Selco targets 200,000 solar installations in next 3-4 years

Excellent interview with Harish Hande, managing director of Selco Solar Pvt. Ltd, a provider of solar power technology to the poor. Delhi mafia dominates solar energy policy I am a complete subsidy product, says H. Harish Hande​, managing director of Selco Solar Pvt. Ltd, a provider of solar power technology to the poor. “My IIT education was paid for by taxpayers in India and my masters was paid for by US taxpayers.” Hande, who co-founded Selco in 1995 to bring electricity ... Read More »

Praj Industries India Contracted a US$ 22 mln Ethanol Plant Order in Colombia

Praj Industries Limited, global biofuels technology and process engineering Company, has won a contract for a large Ethanol plant in Colombia from Isolux Corsan of Spain who are the main contractors for the project of Bioenergy S.A. Under the contract Praj will supply the main process plant for ethanol production including the concentration of vinasse for use as liquid fertilizer. Bioenergy S.A., who are developing the 480 m3/day sugar to ethanol project in the Los Llanos area of Colombia, is ... Read More »

Solar power is industry’s Plan B

According to reports, as a shortage of coal and sagging power production targets make industry experts look to alternative sources of power, solar energy is emerging as the likely best bet, though not yet in the league for heavy-duty industrial use. Understanding the potential, many corporate giants such as Tata group, Videocon, IBM, Godrej, Infosys, DLF, iGATE Patni, and public sector enterprises including Gail, Bhel and IOC have started using solar power. And most of them save over 10% on electricity ... Read More »

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