Panchabuta-Renewable Energy & Cleantech in India
Archive for December 5, 2012
Tamil Nadu floats largest-ever solar tender in India
According to reports, the Tamil Nadu has come out with its tender for award of solar power projects in the State — the largest ever issued in India — even as the threat of anti-dumping duty on imported cells and modules from select countries looms large over the programme. The tender, issued today, is for the … Continue reading
India Proposes 9 Gigawatts Solar Capacity to 2017
According to reports, India released a draft policy with the goal of building 9,000 megawatts of grid-connected solar plants by 2017, more than eight times its current capacity. Plans include auctioning 1,650 megawatts of photovoltaic capacity by the central government in the next financial year, grants to cut project costs and loosening curbs on the … Continue reading
High interest rates, short-term loans add 24-32% to renewable energy costs in India
According to reports, Climate Policy Initiative (CPI), a global policy effectiveness analysis and advisory organisation, and the Centre for Emerging Markets Solutions (CEMS) at the Indian School of Business (ISB) have found that high interest rates and relatively short-term loans for renewable energy projects add 24-32% to the cost of renewable energy in India, as compared … Continue reading
Fonroche Energie SPV in India raises Rs 1 billion for 20 MW Solar PV project
According to reports, Mahindra EPC Services will set up two solar photovoltaic power projects in Rajasthan along with a French company, Fonroche Energie S.A.S through its special purpose vehicles in India worth Rs. 100 crore ($18 million). A consortium of lenders comprising of KKR India Financial Services, Tata Capital Financial Services and Aditya Birla Finance are … Continue reading
Munich Re offers serial loss cover for REpower’s offshore wind turbines
According to reports, global reinsurer Munich Re has signed a deal with wind energy turbine company REpower, a subsidiary of Suzlon Energy, to offer serial loss cover for the latter’s offshore units. A corresponding cover for a North Sea wind energy farm was signed between the two entities. Munich Re will pay for the repair or … Continue reading
Border villages to be illuminated with solar power
According to reports, the central government has approved the project to illuminate backward villages on the Indo-Nepal border with solar energy under the border area development scheme. The service would be free for the villagers and the responsibility of looking after the solar street lights would be entrusted to the villagers themselves. A large part of … Continue reading
