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Daily Archives: May 5, 2013

Opportunities for solar power in Tamil Nadu

According to reports, even adverse situations create conditions for new opportunities. This appears to hold good for solar power in Tamil Nadu. With most parts of the State experiencing long hours of load-shedding, public attention has turned to obtaining some remedy or relief. Inverters, many a time and in many places, are no good, as their batteries require assured supply for some hours to get recharged. “Of late, there is greater demand for solar LED lights and fans, both ceiling and ... Read More »

Suzlon eyes to raise $400 mn by selling 15 non-core assets

According to reports, world’s fifth largest wind turbine- maker Suzlon Energy is planning to raise up to USD 400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said. Earlier, the company was planning to raise USD 100 million. “We have identified 15 non-core assets, mostly in overseas markets like China, US, etc, which we plan to sell in the next 12-18 months ... Read More »

Coimbatore industries evince interest in solar projects

According to reports, larger industries in Coimbatore region are exploring the possibility of going in for solar installations, especially in their wind farms. Chairman of the Southern India Mills’ Association S. Dinakaran told The Hindu on Saturday it would be easy to maintain the solar panels if they were installed in the wind farms. Evacuation of the energy generated would also not be a problem. Solar energy generation would be high in summer when wind energy generation would not be much. ... Read More »

Centre’s green energy support to Tamil Nadu at Rs 154-cr

According to reports,the Ministry of New and Renewable Energy has released around Rs 153.46 crore during the last five years targeted at various renewable energy programmes in Tamil Nadu. New and Renewable Energy minister, Farooq Abdullah, said in Rajya Sabha recently that the ministry had been supporting the Tamil Nadu Energy Development Agency for the deployment of renewable energy. In Tamil Nadu, 7,162 Megawatt (Mw) of wind power, 547 Mw of bio- power, 123 Mw small hydro and 17 Mw ... Read More »

Solar photo-voltaic projects in Andhra Pradesh face implementation hurdles

According to reports, solar photo-voltaic companies, setting up projects in Andhra Pradesh, are faced with implementation hurdles, due to the lack of clarity on banking and settlement issues. Even though more than 300 MW capacity will be ready and operational within a short time if these issues are sorted out, there are delays in addressing them, according to sector players. Gautham Nalamada, Executive Director of Photon Energy, told Business Line, “The Government is treating solar energy as power generated from fossil ... Read More »

TNAU’s environmental engg finds more takers over years

According to reports, at a time when the state is struggling to meet the energy requirements of people and industry, the Tamil Nadu Agricultural Univ­ersity (TNAU) has been quietly offering a specialised degree course in Energy and Enviro­nmental Engin­eering for the last eight years. The course has been conceived to churn out manpower trained in renewable energy and environment has attracted the attention of  youngsters, who till recently were forced to specialise in either energy or environment subject alone. Only TNAU ... Read More »

Global equity investors turn to India for green projects

According to reports, India is becoming an attractive destination for global private equity investors who are strengthening their funding strategies in the renewable energy space, particularly in emerging markets. This is because opportunities in other markets have plateaued in the past few years. Industry observers say India’s renewable energy space is witnessing significant uptake from quite a few big North American pension funds and Japanese postal funds. Raj Prabhu, CEO and Co-founder of Mercom Capital Group, said: “Most of the venture ... Read More »

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