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Daily Archives: May 30, 2013

Suzlon net loss widens to Rs 19.13 billion in March quarter

According to reports, wind turbine maker Suzlon Energy Ltd’s fourth-quarter net loss widened to Rs.1,912.72 crore from Rs.300.24 crore for the corresponding quarter of the previous year due to non-routine costs and the slowing economy. Total income fell 36.37% to Rs.4,336.44 crore from Rs.6,815.15 crore. For the full year, Suzlon reported a net loss of Rs.4,723.96 crore against a net loss of Rs.478.58 crore in the year ago. Annual earnings were impacted by non-routine costs, including foreign exchange losses, asset ... Read More »

Trading in renewable energy certificates crashes on IEX

According to reports, in a reflection of dwindling interest in them, the trading volume of Renewable Energy Certificates (RECs) plunged 87 per cent to 19,212 this month on the Indian Energy Exchange (IEX). The trading of RECs is conducted on the last Wednesday of every month. They are used as instruments to help entities meet the Renewable Purchase Obligation (RPO) set by states. “The total trading volumes in RECs registered a steep fall of 87 per cent to 19,212 from ... Read More »

India Solar-Credit Demand Sinks as Companies Snub Targets

According to reports, Indian demand for solar-power credits has dropped 43 percent this month as electricity producers and distributors sidestep clean-energy targets, according to REConnect Energy Solutions Pvt. Bids for credits, which power companies and industrial consumers need to meet renewable-energy goals, declined to 1,999 in May from 3,522 in April, REConnect said in an e-mail. The Indore-based trader records all the transactions on the Indian Electricity Exchange and the Power Exchange of India. Trading remains “dry” because authorities are ... Read More »

Gujarat’s wind power capacity grows highest in 4 years

According to reports, in yet another leap in renewable energy sector, Gujarat has registered highest growth in wind power generation during past four years. Installed wind power generation capacities in the state has increased by 36 per cent during 2011-12 to 2,966 megawatt (Mw), making the state second only to Tamil Nadu in India’s wind energy sector. As per the Indian Wind Energy Association (IWEA) data, growth in wind power generation capacity has been highest since 2008-09. The state has ... Read More »

Jakson Power bags 2 solar rooftop installation orders

According to reports, Jakson Power Solutions has bagged two new orders for installing solar rooftop systems at Bangalore and Pune. According to Sundeep Gupta, Joint Managing Director, Jakson Power Solutions, “the first order is to set up the 80 KWp solar rooftop unit with a facility of battery back-up at Karnataka State Disaster Management centre, Bangalore.” The Bangalore project is slated to be completed by July. The project will provide round-the-clock, uninterrupted power to the disaster management centre. Gupta said ... Read More »

JinkoSolar to Supply 5MW of Solar Modules to Sunkon Energy in India

JinkoSolar Holding Co., Ltd. (“JinkoSolar”), a leading global solar power product manufacturer, announced that it has completed the delivery to a Photovoltaic Solar project of total 5 MW in collaboration with Sunkon Energy (P) Ltd. in Ghespur, Gujarat, India. JinkoSolar has built a vertically integrated solar product value chain with an integrated annual capacity of approximately 1.2 GW each for silicon ingots and wafers, solar PV cells, and solar PV modules as of December 31, 2012. Sunkon Energy (P) Ltd. ... Read More »

Winds bring cheer on power supply front in Tamil Nadu

According to reports, the much-awaited winds have set in, bringing cheer to electricity consumers across the State. Daily load shedding, which lasted between 10 and 12 hours four months ago, has almost ended now. Thanks to the wind, which has resulted in higher wind energy generation, there was no load shedding on Sunday morning, 198 MW on Monday morning, and 918 MW on Tuesday morning. Wind energy generation on Tuesday morning was 2,657 MW. It was 3,245 MW on Monday ... Read More »

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