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Daily Archives: May 16, 2013

Tamil Nadu to provide 80% subsidy to solar powered irrigation pump sets

According to reports, the Tamil Nadu Government will distribute 2,000 solar powered agriculture pump sets at subsidised rates to farmers in the current year, announced the Chief Minister, J. Jayalalithaa in the Assembly today. The Agriculture Department will distribute the 2,000 pump sets of 5hp fitted with solar tracking device during 2013-14. Each unit is estimated to cost about Rs 5 lakh and the State Government will provide 80 per cent subsidy – Rs 4 lakh. The farmers will bring in ... Read More »

Tata Power Renewable Energy may sell shares in unit next year

According to reports, Tata Power Co., the utility business of India’s largest business group, is considering an initial public offering of its clean-energy unit next financial year. The utility plans to increase wind and solar power capacity at Tata Power Renewable Energy Ltd. almost fivefold in the year to 31 March as the cost of renewable energy converges with fossil fuel-based grid power in India, Rahul Shah, chief of business development and renewables, said in an interview in Mumbai. Inducting an ... Read More »

Renewable energy firms explore listing in Singapore

According to reports, several Indian renewable energy firms are exploring the option of listing on the Singapore stock exchange (SGX) as they look for better valuations and also seek to benefit from the concept of “business trusts”. The companies include IL&FS Wind Power Trust, Mytrah Energy Ltd, ReNew Power, the Greenko Group and IDFC Ltd’s Green Infra Ltd. Unlike companies, business trusts aren’t required to show profits before distributing available cash funds. As a result, investors can get returns even before ... Read More »

The green entrepreneurs

According to reports, there have been many signs that green entrepreneurship is coming of age in India. A report published in this newspaper on Thursday says that several renewable energy firms are now trying to raise capital by listing on the Singapore Stock Exchange. Not all the new companies in renewable energy will succeed, as is inevitable when there is innovation at the global technology frontier. But the winners could get asymmetrical success, similar to what we saw in the early ... Read More »

Welspun Energy ties up loan for Jaisalmer wind power project

According to reports, Welspun Energy today said it has been sanctioned Rs 120 crore loan for its 20 MW wind power project at Jaisalmer in Rajasthan. “Welspun Energy has achieved financial closure of its 20 MW wind power project at Jaisalmer,” the company said in a statement. “The company has received a sanction exceeding Rs 120 crore as against a debt requirement of Rs 88 crore,” it said. The entire project cost has been funded on a 75:25 debt- equity ratio. ... Read More »

REpower Systems bags orders for 580-MW wind power

According to reports, wind turbine maker Suzlon today said its subsidiary REpower Systems has bagged orders for 580 MW capacity in the past three months from various countries. “Suzlon Group-subsidiary, REpower Systems SE, today announced cumulative orders of approximately 580 MW over a three month period,” the company said in a statement. These orders cover various orders secured between February 15, 2013 and May 15, 2013 across Belgium, Canada, France, Germany, India, Poland and Sweden, the statement said. “These orders underscore ... Read More »

UT Admn calls upon industry to make Chandigarh ‘model solar city’

According to reports, the UT Adviser KK Sharma, called on the industry to come forward and join hands with the Administration to make Chandigarh a model solar city, by creating innovative, economical and safe solar systems. “The industry’s role is key in harnessing solar energy to the fullest. It should come forward and manufacture the latest solar equipment, most advanced panels and latest systems,” said K K Sharma, adviser to the Administrator, while addressing a seminar on ‘Harvesting the Sun’, organised ... Read More »

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