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Daily Archives: January 30, 2012

Indian Energy enters in to Framework Agreement for 1000 MW of Wind Projects with Trishe Developers

Indian Energy  announced that it has entered in to a Framework Agreement (“Agreement”) with Trishe Developers Private Limited (“Trishe”) for the development and acquisition of up to 1000 MW of wind farms in India. The Agreement provides for Trishe to undertake the development of the projects, which Indian Energy will acquire once certain development milestones have been reached. Indian Energy and Trishe envisage that approximately 300 MW of projects will be commissioned during 2013, a further 350 by 2014 and ... Read More »

IFC to provide $5 million debt financing to Mahindra Solar One’s 5MW plant in Rajasthan

IFC, a member of the World Bank Group, is providing $5 million in debt financing to Mahindra Solar One for a 5-megawatt solar power project in the Indian state of Rajasthan to expand access to clean energy in rural areas and address climate change. The new solar photovoltaic power plant will generate enough electricity to serve about 60,000 rural homes, and is expected to avoid some 8,000 tons of greenhouse gas emissions. Mahindra Solar One, a joint venture between the ... Read More »

BARC develops low-cost solar water purifier that can be used in rural India

According to reports, scientists at the Bhabha Atomic Research Centre (BARC), Mumbai, have developed a water purifying technology that can be driven either by solar or wind power and desalinates contaminated water while simultaneously removing toxic elements, pathogens and turbidity. “We have adapted an existing technology to the requirement of rural or remote areas where electricity is either not available at all or it is very erratic with voltage fluctuations,” said Saly T Panicker from BARC’s Desalination Division, who has ... Read More »

Delhi discom introduces solar-powered water pumping system

According to reports, In an eco-friendly initiative, Delhi’s leading power discom  BSES has come out with a  solar-powered water pumping system, aimed at cutting down on consumption of electricity. Renewal Energy Assisted Pump (REAP), claimed to be first of its kind in the country, has been developed by BSES Yamuna Power Ltd, a subsidiary of BSES, in collaboration with  IIT Delhi. A complete REAP system including the solar panels has been priced at Rs 4 lakh and a consumer can ... Read More »

Welspun Group plans to be among top three producers of solar power in India

According to reports, in sun-drenched India, the fledgling solar energy market is poised for a vertical take-off aided by falling solar panel prices, mirroring the now famous Indian telecom revolution, a senior  Welspun Group official said in an interview. The Welspun Group is lining up ambitious plans to be among the top three producers of  solar power in the country in the next two-three years by producing at least 500 MW of solar power by 2014. “Earlier, villages did not ... Read More »

Orient Green Power to pledge 23 % of shares in Beta Wind Farms to IL&FS for a bridge loan of Rs.900 million

According to reports, Beta Wind Farm Pvt Ltd, a subsidiary of the BSE-listed Orient Green Power Company Ltd (OGPCL), a Shriram Group company plans to set up a 300 mega watt (Mw) wind project in the southern states and Gujarat. For this, it is planning to pledge 23 per cent of the equity shares held in BETA towards IL&FS Financial Services Ltd (IFIN) and other lenders. It is being done for sanctioning of bridge loan of Rs 90 crore. The ... Read More »

Universal Solar Completes 2MW Project in India’s Gujarat State

According to reports, Universal Solar System, a developer of clean-energy projects in India, completed its first 2- megawatt plant in Gujarat state. The project, located at a solar park in Patan, used panels supplied by Miasole Inc. and inverters from SMA Solar Technology AG, Universal said in an e-mailed statement. The Ahmedabad-based company plans to develop power plants in the U.S. through its offices in Texas and California, it said. Read More »

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