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Daily Archives: January 29, 2012

Tata Capital to set up Private Equity fund for clean energy

According to reports, after floating a joint venture (JV) with International Finance Corporation (IFC) to lend Rs 5,000 crore for renewable energy projects, Tata Capital is planning to launch a PE fund with the international body to provide equity support for such projects. “Any project requires both equity and loan support. Our JV with IFC will provide loan support for renewable energy projects in solar and wind energy segments, while the PE fund will provide equity support. We will work ... Read More »

Welspun Energy plans Rs.30 billion investment over 3 years for 500 MW wind energy farms in Andhra Pradesh

According to reports, Welspun Energy Ltd (WEL), part of the diversified $3-billion Welspun Group, has inked an agreement with New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP), with a proposal to install 500 MW of wind energy capacity in the State. Apart from Welspun, Suzlon Energy and Mytrah Energy have entered into agreements independently expressing their interest for setting up of wind power projects in the State. WEL has a portfolio of 500 MW of renewable energy under ... Read More »

Wind turbine manufacturer RRB Energy to serve Latam markets through Chile

According to reports, RRB Energy Ltd, one of the largest players in the wind energy sector in India, is entering Chile. A high-level delegation headed by the President of the Senate of Chile, Mr Guido Girardi, visited the company’s manufacturing facility to explore the possibility of business association with the company. Commenting on the plans in Chile, Mr Rakesh Bakshi, Chairman and Managing Director of RRB Energy, said that the company was looking at delivering a diversified range of wind ... Read More »

Gujarat says no to time extension for solar power developers

According to reports, developers of solar power projects who wanted an extension of time beyond January 29 to avoid coming under a lower tariff regime (than they would have if they had completed their projects by January 29) have lost their case. The Gujarat Electricity Regulatory Commission has ruled against them. “We decide that the petitioners have not succeeded in making out a case for invoking the inherent power of the Commission to extend the control period determined by the ... Read More »

Chile seeks partnership with India in renewable energy, lithium

According to reports, Chile wants India to partner with it in the development of renewable energy industry on its soil. Mr Guido Girardi, President of the Senate of the Republic of Chile, today said that India would be welcome to set up power plants that generate energy from renewable sources. In an interaction with the members of the Confederation of Indian Industry – Southern Region, Mr Girardi pointed out that Chile had 4,000-km-long coastline that afforded possibilities of developing tidal ... Read More »

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