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Daily Archives: March 20, 2013

Suzlon announces SBI-backed dollar bond

According to reports, Indian wind-turbine producer Suzlon Energy has announced its credit-enhanced US dollar bond, confirming plans first reported by IFR earlier this month. The JP Morgan-led deal is set to be priced later this week. The five-year Reg S issue will have the backing of a standby letter of credit from joint lead manager State Bank of India, which, in turn, is backstopped by 11 other Indian banks with lending links to Suzlon. The 11 are Yes Bank, ICICI Bank, ... Read More »

India to install 1300-1400 MW solar power in 2013

According to reports, India is likely to see additional installation of 1300 MW to 1400 MW of solar power this year, clean energy consulting company Mercom Capital Group has said. According to Mercom Capital Group, India installed 980 MW in 2012, slightly lower than the forecast of 1,090 MW. “The difference was largely due to delays in Gujarat to commission 144.5 MW of PV projects. Moreover, most states missed their renewable portfolio obligations (RPO) goals as enforcement is almost non-existent,” Mercom ... Read More »

Solar Developer – EPC – Financier Meet for Solar PV Power Plants in Chennai on Friday

EAI is organizing a large networking meet between EPCs and Developers of solar PV power plants. There will be 400 delegates, comprising many prominent industry stakeholders, such as SunEdison, Moser Baer, Sterling & Wilson, Juwi, and L&T. There will also be financial institutions such as IDBI, ICICI, Olympus Capital, Tata Cleantech, SBI Capital & more. This is a facilitating/networking meet for three key stakeholder segments in solar – EPCs, Developers and Financial Investors (banks, PEs and other FIs). Given that ... Read More »

Project for heat-cooling applications for industries

According to reports, the Union Ministry of New and Renewable Energy (MNRE), with support from the United Nations Development Programme (UNDP), has initiated a project on promotion and market development of solar thermal in process heat applications in industries in India. The project is aimed at targeting low to medium temperature range to satisfy both heating as well as cooling demand for the sector. Assigned to Pricewaterhouse Coopers (PwC) for its execution, the overall objective of the MNRE-UNDP-GEF supported project ... Read More »

Use renewable sources of energy, says Abdullah

According to reports, Union Minister for New and Renewable Energy Farooq Abdullah Wednesday called for making extensive use of renewable sources of energy to reduce the country’s dependence on conventional sources. Speaking at the commissioning of the 40 kwp (kilowatts-peak) solar power project at Raj Bhavan, Abdullah said that making use of solar power and wind power will help reduce the country’s dependence on conventional sources of fuel such as coal, petroleum and gas. He also pointed out that the nation ... Read More »

Refusol eyes Asian markets with Euro 1.5m Pune plant

According to reports, German firm Refusol, one of the top five providers of solar inverters globally, has set up its solar power inverter production plant in Pune to cater to the Indian, South Asian and West Asia markets. “We have set up a green field facility to manufacture a range of 10 kw, 13 kw, 17 kw, 20 kw and 23 kw high efficiency three-phase string inverters for the Indian, Saarc countries and West Asian countries,” Norbert Frings, CEO at Refusal ... Read More »

Telcos to govt: Give subsidies, else forget ‘Green Towers’

According to reports, telecom operators have told the government that they will not be able to achieve the target for 2015 on using renewable energy in cellular towers unless they are provided subsidy or viability funding. At an inter-ministerial meeting with the telecom department, the operators said it would cost about Rs 33,000 crore to comply with the directive to run 50% of towers in rural areas and 20% in urban areas on hybrid power by 2015. According to the ... Read More »

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