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Daily Archives: August 18, 2011

India’s Karnataka invites solar bids worth 80 MW

According to reports, the Indian state of Karnataka is inviting bids for solar projects worth 80 megawatts (MW). A draft of the power purchase agreements (PPAs) offered under the policy has also been released. Criticism is aimed at both the lack of experience required for developers, and the benchmark tariffs set. Under its new solar policy introduced last month, 30 MW of solar thermal and 50 MW of photovoltaic projects will be selected on the basis of the discounts offered ... Read More »

Solar parks to get high priority in second phase of solar mission in India, could account for upto 1GW installed capacity

According to reports, The government plans to accord high priority to developing large “solar parks”, or clusters of units that can generate a total of up to 5,000 megawatts, to help cut costs, Renewable Energy Minister Farooq Abdullah said on Wednesday. Solar parks would be built in the second phase of the National Solar Mission. The mission aims to generate 20,000 mw of power from sunlight in the next decade. Speaking at The Energy and Resources Institute, Abdullah said that ... Read More »

Solar Semiconductor to acquire Solar Infra

As Panchabuta had mentioned earlier last week, according to reports, Solar Semiconductor Private Limited, a Hyderabad-based manufacturer of solar photovoltaic modules and system integrators, is in the process of acquiring US-based Solar Infra. The acquisition is likely to take place in the next two months. It is too early disclose the details now, Larry C Holmberg, the newly-appointed chief executive officer of Solar Semiconductor, told mediapersons here on Thursday. Holmberg was the co-founder and chief executive of Solar Infra. With ... Read More »

Nordic carbon fund buys 4.6 mn UN CO2 credits

According to reports, the Nordic Environment Finance Corporation Carbon Fund (NeCF) has closed deals to buy 4.6 million U.N.-backed carbon credits from 10 clean energy projects in India and southeast Asia, it said on Tuesday. “We are closing a large number of projects with a view to meeting the 12/12 registration deadline for EU ETS (emissions trading scheme) eligibility from projects not located in the least developed countries,” said Ash Sharma, NEFCO vice president and head of carbon finance and ... Read More »

KPR Mill to set up sugar mill with 34 MW cogen power plant at Rs. 3.25 bn

According to reports, Coimbatore-based KPR Mill plans to diversify into sugar sector by setting up a Rs 325­-crore integrated sugar mill in Bijapur district of Karnataka. The BSE-listed firm said the new mill would also have a 34 MW co-generation facility. KPR Mill Ltd managing director P Nataraj said that as part of diversification plan, the company was setting up a sugar mill in Karnataka with an investment of Rs 325 crore. The total capacity of the sugar mill would ... Read More »

Schneider Electric India bags order worth Rs. 1.1bn

According to reports, Schneider Electric India today announced that it has bagged orders worth Rs. 110 crore to supply turnkey power and automation solution for three photovoltaic solar power plants in India. All three photovoltaic solar power plants have a combined capacity of 22.3 megawatts (MWp). The orders comprise of two 5MWp photovoltaic (PV) solar power plants and one 12.3MWp photovoltaic (PV) solar power plant. On completion by end of December this year, these plants will have an annual generating ... Read More »

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