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Monthly Archives: November 2012

Oversupply, depressed demand dampens REC trading

According to reports, a 40 per cent drop in demand for renewable energy certificates (REC) in the trading session of November, over the previous month, has caused disappointment in the renewable power industry. Against the 12,30,061 non-solar RECs offered for sale, only 1,32,352 (10.7 per cent) were bought. These were also bought at the floor price of Rs 1,500 a REC. RECs are generation-based ‘certificates’ awarded (electronically, in demat form) to those who generate electricity from renewable sources such as wind, ... Read More »

L&T Solar Business wins Rs 2.8 billion Solar PV order

The Solar Business sector, L&T Construction – one of India’s largest player in solar power has bagged new EPC orders worth `Rs 2.8 billion for the construction of Solar PV systems in Rajasthan from multiple customers. In April this year, Larsen & Toubro had said that it was looking at grabbing sizeable orders for solar power projects driven by opportunity it sees in the sector and the company then had an order backlog of Rs 350 crore. Most recently, L&T has ... Read More »

Tamil Nadu power company to clear banked wind unit dues in 2 months: TASMA

According to reports, the Tamil Nadu Generation and Distribution Corporation Ltd. (TANGEDCO) Wednesday agreed to pay within two months its dues to the members of Tamil Nadu Spinning Mills Association (TASMA) who own wind mills in the state, an association official said. “The TANGEDCO Wednesday agreed before the Madras High Court that it would settle the entire dues to our members within two months from today (Wednesday). The dues are towards encashment of unutilised banked power units as on 31.3.2011 and ... Read More »

Cleaner Delhi: Dikshit pitches for renewable energy

According to reports, Delhi Chief Minister Sheila Dikshit today pitched for harnessing renewable energy to decrease pollution load and said citizens would be sensitised about their role in making the city more cleaner. Delhi does not have potential to harness wind energy and the only possible renewable energy options are solar and waste to energy projects, she said. “Harnessing renewable energy is a must for Delhi as it shall help in decreasing the pollution load. We shall sensitise the citizens towards ... Read More »

Tamil Nadu assures support to solar power producers

According to reports, grid connected solar power producers in Tamil Nadu can be confident of timely tariff payments and evacuation, assured the Electricity Minister, Natham R. Viswanathan. The State-owned utility, Tamil Nadu Generation and Distribution Company, will soon be calling for bids from solar power generators to enter into long-term power purchase agreements with it. The utility plans to tie-up 1,000 MW of solar power in line with the plans outlined in the Tamil Nadu Solar Energy Policy 2012 announced last ... Read More »

Suzlon Debt Revamp to Delay Bondholder Payment, Elara Says

According to reports, Suzlon Energy Ltd. (SUEL) bondholders will get paid after Indian lenders, which agreed to revamp about $2 billion of the wind-turbine makers debt this week, Elara Capital Plc said. “It is unlikely that Suzlon will be able to pay any cash upfront to the bondholders” of its 2012 convertible notes because lenders led by the State Bank of India reduced the value of Suzlon’s liabilities by $182 million, Rosita D’Souza, a Singapore-based credit analyst for Elara, said in ... Read More »

Wind energy sector may power up in 2013

According to reports, the wind energy sector in India will see a turnaround in 2013, whether or not the incentives the industry players are fighting for are approved by the finance ministry. The industry expects to add 3000 MW in 2013, compared with 840 MW in the first half of this year, a sharp fall from 3100 MW in 2011. “The Andhra Pradesh renewable energy policy is positive, Maharashtra continues to be good, and investments for abut 3000 MW can ... Read More »

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