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Daily Archives: October 19, 2011

Green energy in India needs market push

According to reports, the bourses do not have an understanding of renewable energy certificates, as is reflected in the low stock prices of renewable energy firms. But as awareness increases, valuations will rise, enabling such companies to invest more. Would you mind paying one-and-a-half paise more for electricity that comes from windmills or solar plants? Most likely, you would not. But that is the burden, according to Dr Pramod Deo, Chairman of the Central Electricity Regulatory Commission, the ‘renewable energy ... Read More »

Energy efficiency in agriculture sector

According to reports, agricultural power use stands at about 20 per cent of India’s national consumption and is the third highest, after industry and household, as per the Power Ministry’s statistics for 2009-10. The proportion of the farm sector’s energy consumption has doubled since the 1970s while revenue realisation to the electricity utilities has declined, as the tariff for agriculture is well below the economic cost. The average agricultural tariff has remained stagnant (or declined) over the last two decades ... Read More »

Acciona to Boost Wind Energy Business in India

ACCIONA Energy recentlycommisioned its third wind park in India, the 56.1 MW Tuppadahalli facility, which represents an investment of 58 million euros. This development strengthens the company’s presence in India, where its total installed capacity is now 85.8 MW, putting it at the head of Spanish wind power developers with their own assets in that country. Tuppadahalli joins Arasinagundi (13.2 MW), installed in 2007, and Anabaru (16.5 MW), built in 2008. Both wind farms are the best performing ones in ... Read More »

Bihar should seek funds for generation of renewable energy

According to reports, international environmental NGO Greenpeace today urged the Bihar government to seek funds from the Centre under Rajiv Gandhi Gramin Vidyutikaran Yojana (RGGVY) scheme for generation of renewable energy.  Chief Minister Nitish Kumar should demand funds from the Centre under the RGGVY scheme for generation of renewable energy during the National Development Council (NDC) meeting in New Delhi to be held later this month, Greenpeace India campaigner Aparna Udupa told reporters. Stating that Bihar was among those states ... Read More »

SunBorne brings equity partner for solar project

According to reports, solar projects developer SunBorne Energy has roped in European company Eoxis Energy as a partner in its Gujarat project. With this, Eoxis owns 49 per cent equity in SunBorne’s 15 MW solar photovoltaic (PV) project in Gujarat. Mr Anil Nayar, Executive Director and CFO, SunBorne, told Business Line that “the equity requirement for the project is Rs 70-80 crore and the partner has put their share of the 49 per cent interest.” The overall project cost is ... Read More »

Private Equity investments in cleantech projects in India on the rise

According to reports, with Government policies and incentives in place for renewable energy, the number of private equity investments in the clean technologies sector is increasing. According to data from Venture Intelligence, a research service focused on private equity and merger and acquisitions , there were five deals in the clean technologies space in January-March 2011quarter; ten in the April-June 2011 quarter and 14 deals in the July-September 2011 quarter. The amount invested in the July-September quarter was $359 million ... Read More »

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