Panchabuta-Renewable Energy & Cleantech in India
Archive for May 1, 2012
IFC To Lend $14M To Abengoa’s Indian arm Inabensa
According to reports, International Finance Corp (IFC) is part funding a steel fabrication plant being built in India by Spanish infrastructure conglomerate Abengoa S.A. Abengoa’s Indian arm Inabensa Bharat Pvt Ltd is setting up the plant which is expected to cost around Rs 100.2 crore (~$20 million). IFC will lend around $14 million for the … Continue reading
IFC to support 5MW of solar rooftop projects each in five Gujarat cities
IFC, a member of the World Bank Group, is supporting the Indian state of Gujarat to replicate in five cities a rooftop solar project first completed in Gandhinagar, improving access to power and reducing air pollution from the burning of wood and fossil fuels. The two pilot projects of 2.5 megawatt each demonstrated the viability … Continue reading
Azure Power to set up rooftop solar power project in Gujarat
According to reports, two days after the Chief Minister, Mr Narendra Modi, mooted a rooftop solar power generation policy, Azure Power, an independent power producer in the solar energy sector, has announced plans to develop India’s first megawatt (MW) scale rooftop project in the Gujarat capital. The company would set up a 2.5 MW plant … Continue reading
Tamil Nadu hikes transmission charges- likely to impact REC market
According to reports, the Tamil Nadu Electricity Regulatory Commission has recently permitted the state transmission utility to hike transmission charges, practically tripling them. This is likely to have a big effect on REC market, and consequently, on the investments into the State, experts say. The state has hiked long term open access transmission charges from … Continue reading
Orient Green sells 21,000 Renewable Energy Certificates
According to reports, the renewables industry received a pleasant surprise last week when 71,326 ‘renewable energy certificates’ were traded on the two exchanges, IEX (62,277) and PXIL (8,949). That volume in the very first month of the financial year was encouraging. But a major seller was only one company, Orient Green Power Ltd, which sold … Continue reading
India nears 100MW of rooftop solar capacity
According to reports, India has 98.05 MW of rooftop solar capacity coming up. Jharkhand tops the list of States with rooftop solar capacity with 16 MW under its belt. Rajasthan follows it with 12 MW and Andhra Pradesh has 10.5 MW. Of the 98.05-MW spread across 78 projects, 58.05 MW has been commissioned, while the … Continue reading
