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Daily Archives: January 5, 2012

Texas based Trinity Files Litigation Against Suzlon Wind Energy Corporation Over $500mn Contract

Trinity Structural Towers, Inc. (“TSTI”), a subsidiary of Trinity Industries, Inc. (NYSE: TRN), announced today that it filed a breach of contract law suit against Suzlon Wind Energy Corporation (“Suzlon”) for failure to comply with its purchasing obligations for structural wind towers from TSTI pursuant to the 2008 Supply Agreement (“the Agreement”) between the two companies. The law suit was filed in the District Court of Dallas County. In accordance with the Agreement, Suzlon agreed to purchase approximately $377.3 million ... Read More »

Bureau of Energy Efficiency (BEE) and Tata Capital Limited sign an MoU for energy efficiency financing

According to reports, Bureau of Energy Efficiency (BEE) and Tata Capital Limited today signed a Memorandum of Understanding (MoU) to work closely on the former’s Energy Efficiency Financing Platform (EEFP). Present at the occasion were Dr. Ajay Mathur, Director General, BEE and Mr. Praveen P Kadle, Managing Director and CEO, Tata Capital Limited.   The EEFP, an initiative under National Mission for Enhanced Energy Efficiency (NMEEE), seeks to create a mechanism for enabling mainstream financing of energy efficiency projects. Read More »

Solar Developers in Gujarat Get Extension to Complete Projects

According to reports, developers of projects under construction in India’s largest solar program have been given a month’s extension to complete their plants without losing their preferential payment rates. The deadline for all projects has been extended until Jan. 28, after which the above-market rates to be paid for their power will no longer be applicable, S. B. Patil, executive director at the state-run Gujarat Energy Development Agency overseeing the solar program, said yesterday by phone. Read More »

Germany eyes tie-up with India in renewable energy

According to reports, even as India is grappling with protests over the Koodankulam nuclear power plant, Germany is working out a plan to attain self-sufficiency in renewable energy and is seeking India’s cooperation. In an exclusive interaction with Express on Wednesday, Cord Meier-Klodt, Charge d’Affaires of the German embassy said, “Germany has set the ambitious target to give up nuclear power by 2022, and there has been a lot of research on renewable energy. We hope to harness 80 per ... Read More »

Adani Group commissions 40MW solar project in Gujarat

According to reports, diversified Adani Group announced the commissioning of country’s largest 40 mw solar power plant in Kutch district Gujarat. For India’s largest private thermal power producer, the Solar Power Plant marks Adani’s first big foray in the renewable energy sector. Going forward, Adani Group is planning to expand the capacity of this plant to 100 mw. The group is claiming to have commissioned country’s largest solar power plant in record time of 150 days starting from foundation stone ... Read More »

Rajasthan accords customised package for wind energy manufacturing units

According to reports, the state cabinet which met under the chairmanship of Chief Minister Ashok Gehlot here today accorded approval to special package from the projects. As per the customized package being offered to the Regen Powertech Private Limited and L M Wind Power Blades (India) Private Limited–for establishing units for manufacturing wind energy generators, rotor blades–,both the companies would be provided facility of 75 per cent VAT/CST reimbursement (both on output and input VAT) over a period of five ... Read More »

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