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Daily Archives: August 17, 2011

Chinese wind turbine major Sinovel to use Ghodawat facility for production in India

According to reports, Sinovel Wind Company, China’s largest wind turbine manufacturer, is close to tying up with the Maharashtra-based Ghodawat Energy for renting Ghodawat’s manufacturing facilities to produce Sinovel turbines. Confirming this to Business Line, Mr Ranjit Wadhokar, Executive Director, Ghodawat Energy said that the deal between his company and Sinovel, which is the world’s second largest wind turbine company (after Vestas of Denmark) could be signed soon. A press release of Sinovel issued in May said that the company’s ... Read More »

Swiss company Schaffner plans to set up manufacturing unit in India

According to reports, Schaffner, Swiss maker of energy-efficient electronic components such as magnetic components and harmonic filters, sees major opportunities in India. It plans to set up a manufacturing facility in the country. “We are yet to decide on the size and location of the proposed facility. It may take between 18 to 24 months to set up the facility,” Mr Sunil Kumar, Business Development Manager-India, told Business Line. The facility will manufacture the entire range of Schaffner products and ... Read More »

Kanoria Chemicals & Industries to commission 3-5MW Solar plant in Rajasthan by FY12

According to reports, Kanoria Chemicals & Industries recently sold the chloro-chemicals division of the company for about Rs 830 crore. R V Kanoria, chairman and managing director of Kanoria Chemicals in an interview CNBC-TV18 to highlight the path ahead for his company said that  the company is planning to enter the fine chemicals business next apart from the three to five megawatt solar power project in Rajasthan. He said, ” We are also getting into renewable energy, into solar power. We expect ... Read More »

Electric vehicles potential in India small: Deloitte Study

In a major announcement for the EV community in March this year, presenting the General Budget 2011-12, Shri Pranab Mukherjee, Finance Minister informed that to provide green and clean transportation for the masses, a National Mission for Hybrid and Electric Vehicles will be launched in collaboration with all stakeholders.  Leading global consultancy firm Booz & Company had been roped in to chart out a roadmap for promoting electric vehicles in India as part of a joint initiative by the Department ... Read More »

Dr. Farooq Abdullah Calls for Extensive Research to Reduce Cost of Renewable Energy

Union Minister of New and Renewable Energy Dr. Farooq Abdullah has said that the major challenge in the renewable energy sector is to reduce its per-unit cost. He was delivering the tenth Darbari Seth Memorial Lecture in New Delhi today. Emphasising the need for continuous innovation to increase efficiencies and bring down costs, he said research and development in renewable energy is an important area of action. Citing the example of the tariff discounting based bidding in the National Solar ... Read More »

Suzlon Energy receives 48.3 MW repeat order from Indian Oil Corporation

According to reports, Suzlon Energy Limited (SEL) has won a second order from the Indian Oil Corporation Ltd. – a ‘Maharatna’ PSU and Fortune 500 company – to set up, operate and maintain wind energy projects of 48.3 MW in the state of Andhra Pradesh, India. The order comprises of 23 units of Suzlon’s S88 – 2.1 MW wind turbines, and the power generated will be sold to the local power utility. Indian Oil is India’s flagship national oil company ... Read More »

Delta Electronics to invest $15 mn in Solar Plant in Chennai

According to reports, the $ 6.6-billion, Taiwan-based Delta Electronics is investing $15 million to set up a manufacturing facility for solar inverters at the SIPCOT Sriperumbudur Hi-Tech SEZ, near Chennai. The plant is expected to be operational by mid-2012. Close to 70 per cent of the output will be exported, while the balance will meet the rising demand for solar inverters in India. Says Dalip Sharma, MD, Delta India: “With global warming becoming a major issue across the world, this ... Read More »

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