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Daily Archives: August 5, 2011

Tamil Nadu Chief Minister seeks investments in power sector

The Indian state of Tamil Nadu one of the pioneers in renewable energy and the leader in Wind Energy with about 43% of the installed capacity in India has released a Solar Road map for the state in December last year. Last month, Tamil Nadu Chief Minister J Jayalalithaa said that her government was proposing to bring out the “Vision Document 2025″ meeting the expectations of the industry leaders, she said. “This document will contain clear-cut policies for promoting investments in ... Read More »

Renewable energy is no longer ‘alternative energy’

According to reports, as the country embarks on planning for the 12th Plan (2012-17) period, a key question mark that hangs over the process is on the energy requirements. Growth is energy hungry, and the aspirations of growing at 9-10% will place huge demands on the energy resources of the country. In this energy jigsaw, renewable energy will feature like never before in the 12th Plan and after. By the rule of the thumb, India will require about 100 gigawatts ... Read More »

Suzlon Rotor Corp. Receives $490,000 Penalty for Pollution Violations

In a court settlement with the Minnesota Pollution Control Agency, Suzlon Rotor Corp. has agreed to resolve air quality, hazardous waste, solid waste, and stormwater violations at its wind turbine blade manufacturing plant in Pipestone. Under the terms of the consent decree, entered July 7 in Pipestone County District Court, Suzlon has completed corrective actions, and will pay a civil penalty of $490,000. A 2009 MPCA inspection revealed sandblasting operations far exceeded emissions standards for airborne particles.  In addition, the ... Read More »

TNERC amends renewable energy purchase obligation regulations

According to reports, the Tamil Nadu Electricity Regulatory Commission has amended the regulations relating to ‘renewable energy purchase obligation’, lowering the quantum of the obligation, but bringing in more ‘obligated entities’. “It is extremely good for renewable energy producers,” commented Mr T. Shivaraman, Vice-Chairman, Orient Green Power Ltd, which produces electricity from windmills and biomass plants. The ‘amendment regulations’ announced on Monday lowers the purchase obligation (to be fulfilled by the ‘obligated entities’) to 9 per cent from 14 per ... Read More »

Interest-free loans for e-bikes in Gujarat

According to reports, encouraged by the success of its educational initiative of ‘Flood-IT’ two years ago, the Gujarat Urban Co-operative Banks Federation (GUCBF) has now come up with another initiative, ‘Flood E-bike’, in which the State’s cooperative banks will provide interest-free loans to buyers of electric two-wheeler buyers as a measure to promote environment-friendly electric vehicles. Launching the campaign here on Tuesday, Mr Narayanbhai V. Patel, Flood E-bike Project Director, GUCBF, said the Flood-IT initiative was now being replicated at ... Read More »

Suzlon to ramp up Brazil, China & India operations

According to reports, Suzlon Energy plans to ramp up its market share this year, helped by growth in Europe, emerging markets such as India, Brazil and South Africa, and through orders for offshore turbines, its chairman said on Wednesday. Suzlon, the No. 5 global wind turbine maker, intends to grow market share to 9 or 10% from 7% last year, Tulsi Tanti, Suzlon Energy chairman and managing director, told Reuters in an interview. “India, China, Brazil — they need electrons ... Read More »

Green Infra Gets Rs 80Cr More From IDFC PE; Makes Leadership Changes

According to reports, IDFC Private Equity is investing Rs 80 crore more in Green Infra Ltd, a renewable energy company which it had incubated and sponsored in 2008. IDFC PE, through its funds, had earlier invested Rs 360 crore in the company, thereby taking the total commitment to Rs 440 crore. The monies will be invested in the company over a period of two months, across various renewable energy projects. The company acquired BP India’s wind farm assets with an installed ... Read More »

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