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Monthly Archives: October 2012

REC oversupply depresses prices to floor

According to reports, oversupply of renewable energy certificates resulted in low volume of sales and depressed prices in the REC trading for the month of October, which took place today. Against a total of 10,12,660 non-solar RECs offered for sale, only 2,22,700 got sold, and that too, at the floor price of Rs 1,500 a certificate on both the power exchanges—IEX and PXIL. The traded volume was lower than September’s 2,64,446. (RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to ... Read More »

Helix Investments Invests In energy solutions provider M.E Energy

According to reports, Helix Investments has invested in M.E Energy Private Limited, a thermal engineering company for minority stake in the company. The funds will be used for capacity expansion and to fuel growth in thermal engineering solutions. Corporate Finance Associates India, was the exclusive financial advisor to ME Energy for this transaction. M.E Energy is the manufacturer of Energy Saving, Heating and Cooling Systems. It provides energy efficiency and waste heat recovery solutions to a wide range of industries for process ... Read More »

Thiruvananthapuram Solar City project back on track

According to reports, a Union government project to make Thiruvananthapuram a ‘Solar City’ is showing signs of revival. The project lay dormant for two years, until the last Corporation Council meeting. The Union Ministry of New and Renewable Energy had decided to make Thiruvananthapuram and Kochi ‘Solar Cities’ under the 11th Five Year Plan. The council meeting adopted a resolution to formulate a Solar City Cell and a Stakeholder Committee, essential prerequisites for the project as underlined in the Ministry guidelines. ... Read More »

Voltech, NanoPV to set up 100 MW solar module plant near Chennai

According to reports, the Voltech Group of Chennai and US-based NanoPV have joined hands to set up a 100 MW solar module manufacturing plant near Chennai and a solar park near Tuticorin. Voltech is a medium-sized group that manufactures transformers. Setting up a cell and module manufacturing plant may appear foolhardy at a time when global majors are being toppled by Chinese companies’ onslaught and the slowdown in the European economy. But NanoPV’s President and CTO, Dr Anna Selvan John, says ... Read More »

Indian, overseas power exchanges to discuss issues next month

According to reports, representatives from the Indian Energy Exchange and more than 30 power bourses worldwide, including those from the US and Germany, will deliberate on electricity trading and related issues here next month. IEX, which is co-hosting the annual conference of global power exchanges, today said the three-day programme would also discuss the impact of the shift towards renewable energy sources following the Fukushima nuclear disaster in Japan. “The conference of Association of Power Exchanges (APEx) will focus on various ... Read More »

Soon, subsidy for solar power generators for homes

According to reports, An easy option to escape from hackles of rising power bills is in the offing.  The Union government will provide 30% subsidy for installing home solar power generation systems. The ministry of new and renewable energy (MNRE) will be soon ready with a new national scheme that will allow house or flat owners to install solar panels on rooftops. This system will help them feed the power directly into the grid and keep bulky batteries at bay. The new ... Read More »

M and B Switchgears to set up 99.25 MW solar power plants in Madhya Pradesh under REC Mechanism

M AND B Switchgears Ltd has signed Agreement(s)  with Govt. of M.P. to set up 99.25 MW Solar Power Plants at various locations in State of Madhya Pradesh.These Solar Power PIants will be under REC mechanism. These agreement(s) are subject to various conditions & process as mentioned in RFP dated September 20, 2012 issued by Govt. of M. P. These agreement(s)  were signed on October 29, 2012 in Global Investor Summit held at Indore. Read More »

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