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Daily Archives: May 14, 2012

India may auction offshore wind farms

According to reports, the government has initiated the process of putting in place a policy to auction, or award,  offshore wind farms in a way that could be similar to the auction of oil and gas blocks. The ministry of new and  renewable energy has constituted an  inter-ministerial panel of secretaries, which also includes heads of pertinent organizations such as Coast Guards, to frame policy guidelines, approve and oversee execution projects and identify private or public sector partners. The panel ... Read More »

Wind energy remains preferred investment proposition of renewable investors in India

According to reports, despite policy and regulatory uncertainties, tight credit situation and cautious market sentiment, wind energy remained a preferred investment proposition of renewable investors in India through 2011. Of the total investment of $10.2 billion in renewable energy, $4.6 billion was invested in wind energy. India had the third-most new installations in 2011, behind China and the US. Overall the country added a record 2,827 MW against 2,140 MW in 2010. An additional 2,500-3,200 MW of new wind power ... Read More »

Arun ice-cream maker Hatsun Agro eyes wind power

According to reports, Hatsun Agro Product, the Chennai-based dairy known for brands such as Arun ice-cream, is scouting for partners in wind power generation. The company has told stock exchanges that its board of directors have approved investment not less than 26% in a partnership firm, limited liability partnership or body corporate engaged either in windmill or any other mode of power generation. RG Chandramogan, Chairman and Managing Director of Hatsun, said the company has zeroed in on 3 players, ... Read More »

Andhra Pradesh has potential to add 1,000 MW of wind power

According to reports, Andhra Pradesh has potential to add 1,000 mw per annum of wind power projects but some local issues are holding up their implementation, according to Mr. K. Kasthoori Rangaian, Chairman of Indian Wind Power Association. The State has potential to develop about 15,000 mw of wind power but lower tariff structure; clearances and need for power purchase agreements are matters that the association and independent power developers are concerned about to harness the potential of this vital ... Read More »

Global meet to focus on Bihar’s decentralized renewable energy potential and investment scenario

According to reports, the International  renewable energy business conclave ” Energy Revolution Bihar” commencing here on Tuesday is expected to focus on  decentralized renewable energy (DRE) as a tool to remove energy deficit in the state. The meet would bring global perspectives on driving investment and policy frameworks for development of renewable energy in the country. The event will focus on ways and means by which Bihar can become a role model for India and the world if the investment ... Read More »

10,000 solar-based water systems to be installed in Naxal affected districts in India

The Centre today announced that 10,000 solar-based water systems will be installed in the 78 maoist-affected districts to meet the challenges of drinking water scarcity in these areas. Rural Development Minister Shri Jairam Ramesh said here that 540 crore rupees have been earmarked for this project and added that 200 such systems have already been set up in Gadchiroli district in Maharashtra. He was speaking at an international workshop on Greening Rural Development Programmes in India. He said, improving water ... Read More »

Delhi’s new tariff order to mandate use of 2% green energy

According to reports, alongside the revised  domestic tariff for financial year 2012-13,  Delhi Electricity Regulatory Commission (DERC) is all set to start the process for  green energy. In the upcoming tariff order, the regulator is going to announce a 2%  renewable energy obligation for  Delhi discoms, a move which has already been delayed considerably and has many consumers worried about the costs involved. It means that discoms will be obliged to procure a mandatory 2% power through renewable energy sources ... Read More »

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