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Daily Archives: October 23, 2011

Strategic one day conference on financing renewable energy projects

Conducive government policies and incentives in place for renewable energy has led to the increase in  number of private equity investments in the clean technologies sector. 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 2011 quarter; 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 »

Hindustan Zinc, a Vedanta Group company on target to achieve 273MW installed Wind capacity by December,2011

In January this year, Suzlon, had signed an agreement with Hindustan Zinc Limited, a Vedanta Group company and the world’s largest producer of zinc, to set up, operate and maintain 150 megawatt (MW) of wind power projects across the states of Karnataka, Maharashtra, Rajasthan and Tamil Nadu. The project entails a total investment of approximately Rs. 865 crore (~USD 191 mn). The cumulative capacity of 150 MW was scheduled to be completed in two phases – the first 50 MW ... Read More »

India’s Suzlon Energy swings to profit

Suzlon Energy Ltd. Saturday swung to a second-quarter net profit, helped by better sales of its wind turbines and an exceptional gain on account of sale of its stake in Belgium’s Hansen Transmissions International N.V. . Net profit for the July-September period was INR480 million, compared with a loss of INR3.69 billion, a year ago. Revenue for the quarter rose 34.4% to INR50.71 billion. Total costs grew 28.5% to INR48.92 billion, while raw material costs, a major component of the ... Read More »

SunEdison Set to Double Capacity After Obtaining $250 Million Loan

According to reports, SunEdison, the solar project development unit of MEMC Electronic Materials Inc. (WFR), will more than double its installed capacity after receiving $250 million in financing to build 51 solar power plants in Thailand. The financing from the Overseas Private Investment Corp., an independent U.S. government agency, will allow SunEdison to set up 520 megawatts of photovoltaic plants, OPIC said in a statement. The plants will have capacities of one megawatt to 50 megawatts each and will supply ... Read More »

India likely to see 3,000 MW wind power addition in 2011

According to reports, helped by strong policy framework and better cost competitiveness compared to conventional power generation, India is expected to see wind energy installation of about 3,000 MW this year, says a report. The anticipated capacity addition would be 39% higher than that of 2,142 MW witnessed last year, according to a HSBC Global Research. Further, the country is projected to have wind capacity addition of nearly 7,500 MW between 2011-15 period. “The key drivers for growth are primarily ... Read More »

Suzlon Says German Unit Shielded From European Debt Crisis

According to reports, Suzlon Energy Ltd. (SUEL), Asia’s third- biggest maker of wind turbines, said orders at its German unit Repower Systems SE are shielded from the European debt crisis. Repower has $4 billion of orders, of which 80 percent come from Canada, Belgium, France and Germany, and there is “no evidence yet” that bank financing for wind projects is tightening in those countries, Chief Financial Officer Robin Banerjee said in a telephone interview today. Repower’s orders are mostly from ... Read More »

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