Panchabuta-Renewable Energy & Cleantech in India
Archive for May 24, 2012
Solar Energy Industry Advisory Council of India meets for the first time
Union Minister of New & Renewable Energy Dr. Farooq Abdullah has called upon the industry leaders to invest in Solar Energy Projects in the country. He was addressing the first meeting of the Solar Energy Industry Advisory Council (SEIAC) in New Delhi today. Dr. Abdullah assured them of the full support of the Government in … Continue reading
AMSC Receives 100 MW Wind Turbine Electrical Control System Order From Inox Wind
AMSC, a global solutions provider serving wind and grid leaders, today announced that Inox Wind Limited, part of India’s Inox Group of Companies, placed a follow-on order for 50 of AMSC’s electrical control systems (ECS) for Inox’s 2 megawatt (MW) wind turbines. AMSC expects to ship all of these systems to Inox in 2012. This … Continue reading
Rural Electrification Corp of India plans to raise $750 million via ECBs
According to reports, REC Ltd on Thursday said it will raise $750 million via external commercial borrowings in 2012-13. Mr Rajiv Sharma, Chairman of REC, said the company would need approvals from the Ministry of Power and the Reserve Bank of India for the ECB. At the same time, REC targets to raise $1 billion … Continue reading
Fitch stops monitoring Wartsila India
According to reports, Fitch Ratings has “migrated” Wartsila India Ltd’s long-term rating to ‘non monitored category’ due to “lack of adequate information” from the company. This means Fitch will no longer provide ratings or analytical coverage of Wartsila India. The ratings will remain unmonitored for six months at the end of which the ratings will … Continue reading
For Gamesa, Indian arm to be manufacturing hub for 850kW wind turbines
According to reports, Gamesa India will soon become the manufacturing hub for the 850-kW wind turbines for its Spanish parent. The Indian subsidiary will also look to export the 850-kW turbines to North Africa and the UK. “We are working on it and we expect to sign an order soon,” says Mr Ramesh Kymal, Chairman … Continue reading
India’s first solar Renewable Energy Certificates issued, to M&B Switchgear
According to reports, the country’s first solar ‘Renewable Energy Certificates’ were issued today. NSE and BSE-listed M and B Switchgear Ltd was issued 249 RECs by the National Load Despatch Centre in New Delhi. RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those generating electricity from renewable sources such as wind, biomass, hydro … Continue reading
