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Daily Archives: September 3, 2012

Ministry of New and Renewable Energy to announce 10 MW rooftop policy shortly

According to reports, the Ministry of New and Renewable Energy will soon announce a policy to facilitate the setting up of 10 MW solar photovoltaic power plants on rooftops of buildings. This was disclosed by B. Venkateswara Rao, General Manager (Technical), Indian Renewable Energy Development Agency (IREDA). Rao was speaking at Solarcon 2012, a conference-cum-exhibition event of the solar industry. The details of the policy are being given final shape by the Ministry. But Rao said that it would be a ... Read More »

Rohit Modi joins Suzlon Group as CEO, India and Emerging Markets

Suzlon Group, the world’s fifth* leading and India’s largest wind turbine manufacturer, announced the appointment of Mr Rohit Modi as CEO – India and Emerging Markets. In his new role Mr Modi will focus on driving business growth in India, and oversee key emerging markets like Brazil, China and South Africa. Mr Modi returns to Suzlon with an extensive experience of 27 years in the both Union and State government services and a number of infrastructure companies. Speaking on his new role, Mr Rohit Modi ... Read More »

Why equity return on investment for wind sector in India is tempting by Robin Banerjee

According to reports, Praful Kumar is an investment consultant and a friend of mine. He was searching for medium-risk investment avenues in India that would give foreign investors 14-15% returns. Stephen Bream, also a friend, had a similar task in hand. Thanks to sluggish growth, investment advisers like them are a confused lot. I thought details of a few recent investments would help un-clutter their minds. Morgan Stanley has invested in Continuum Energy. Goldman Sachs has picked up stake in ReNew ... Read More »

President to flag off passenger solar car tomorrow

According to reports, president Pranab Mukherjee will flag off tomorrow a solar-powered passenger car developed by the Delhi Technological University. Described as ‘India’s most efficient passenger solar car’, it will represent India at the Sasol Solar Challenge to be held in South Africa between September 15-29, 2012. “Solar cars from across the world will participate in this Solar Challenge which will cover 4,200km along the coastline of South Africa,” a Rashtrapati Bhavan spokesman said in a statement today. The DTU Solar Car ... Read More »

Baring Private Equity Partners, Aditya Birla Private Equity eye 20 per cent stake in Anu Solar Power

According to reports, Baring Private Equity Partners and Aditya Birla Private Equity are in the running to buy a 20 per cent stake in Anu Solar Power in a transaction which could value the Bangalore-based company at Rs 500 crore. The deal to invest Rs 100 crore is expected to close by the end of September, a person with direct knowledge of the negotiations said. Anu Solar Power, which makes solar inverters, water heaters and provides off-grid power solutions, reported revenue ... Read More »

Suzlon Group signs contract for 131 MW Australian wind farm project at $A 260mn

Suzlon Group-subsidiary, REpower Systems SE, has signed a contract with Meridian Energy Limited to supply 64 MM92 wind turbines, each with 2.05 MW of rated power, to the Mt Mercer wind farm. The Mt Mercer wind farm project is based in Victoria, Australia, located approximately 30 km south of Ballarat. This is REpower’s first contract with Meridian Energy and the company’s largest ‘supply & install’ contract for its MM series turbines in Australia to date. “The project will have a total capital cost of around 260 ... Read More »

India offers help to Tajikistan on renewable energy

According to reports, India today offered to train Tajik personnel in the field of renewable energy and said it was willing to set up pilot projects in Tajikistan. Minister for New and Renewable Energy Farooq Abdullah said the Indian government was ready to help Tajikistan in the field on unconventional energy by training its people and set up pilot projects so that it can learn the benefits of alternative energy models. He was addressing industrialists from the two countries in the ... Read More »

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