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Daily Archives: September 4, 2012

Tata Power Solar changes focus from manufacturing modules to providing solutions

According to reports, following a change of ownership and a change of name, there has been a change of strategy at Tata Power Solar Systems Ltd. The company was for over a quarter century called Tata BP Solar. A few months back, Tata Power bought out British Petroleum’s stake in the joint venture and consequent upon that the company’s name changed, and is now a wholly owned subsidiary of Tata Power Ltd. “The focus has changed from a manufacturing modules to ... Read More »

Solid Solar signs MOU with Bank of India to facilitate financing of solar systems

According to reports, Solid Solar by Gautam Polymers, India’s largest solar lights manufacturer has signed a memorandum of understanding (MOU) with Bank of India for financing of solar systems through its network of banks across the country. This MOU would enable bank financing on solid solar home systems and solar power plants through bank of India’s extensive network and popularise the usage in rural and urban areas. The recent Northern Power Grid failure and rising diesel costs has given rise to ... Read More »

Karnataka will meet renewable energy target before 2016, says Shobha Karandlaje

According to reports, “The Union government has set us a target of generating 2,000 MW of renewable energy by 2016. But we will achieve it well within the deadline,” Minister for Energy Shobha Karandlaje said here on Sunday. “We have prepared plans for generating electricity through renewable sources such as solar and wind power,” she told journalists. She was here to inaugurate the 3 MW photovoltaic power generation station at Yapaladinni in Raichur district. “The largest amount of solar and wind ... Read More »

Delhi soon to join solar city club, calls for proposals

According to reports,  Delhi will soon join the list of solar cities. Recently, the New Delhi Municipal Council floated tenders inviting proposals from consultants for the solar city project. Officials say a consultant will be appointed soon. “We are in the process of appointing a consultant for the solar city project. For this project we have got all the necessary approvals from the ministry of new and renewable energy (MNRE). The consultant will get six months to prepare the master plan for the solar ... Read More »

Suzlon Plans First Global Wind Bond Since 2011: India Credit

According to reports, Suzlon Energy Ltd. (SUEL)plans the first international bond offering among wind-turbine makers in more than a year, testing investor appetite as the industry struggles with a supply glut and dwindling government support. India’s biggest maker of the equipment may sell as much as $500 million of debt in the third quarter, Chief Financial Officer Kirti Vagadia said Aug. 14. The yield on Suzlon’s 5 percent convertible note due 2016 touched an all-time high of 32 percent Aug. 30, ... Read More »

SIDBI inks pact with German Govt Development Bank KfW to support cleantech sectors in India

The Small Industries Development Bank of India (SIDBI) and the German Government`s Development Bank KfW, on Monday signed an agreement for financial assistance totaling EURO 54 million (approximately Rs 3.75 billion). The agreement is to support the development and diffusion of innovative technologies by micro, small and medium enterprises (MSMEs) operating in designated clean technology sectors. Under the agreement, KfW will provide concessional loan and technical assistance to support financing of MSMEs for developing new energy efficiency, renewable energy, waste ... Read More »

Karnataka sets solar energy target at 200MW

According to reports, to make the best use of renewable energy resources, the state government has decided to extend solar street lighting across the state. Speaking at the fourth edition of Solarcon India 2012 on Monday, chief minister Jagadish Shettar said the state government is eyeing the solar energy target of 200 MW by 2016. “Our government has made it mandatory for all new houses to install solar water heaters. Apart from that, the government and local authorities have taken the ... Read More »

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