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Daily Archives: July 10, 2015

‘Wind power can attract Rs.1 lakh crore investments by 2020’

According to reports, the wind power sector has the potential to attract investments to the tune of Rs. 1 lakh crore by 2020, ratings agency Crisil has said. Wind-power capacity in India has grown an impressive five-fold in the last 10 years, touching 23000 megawatt (mw) in March 2015. Growth is being propelled by tariff—Rs. 4-5.5 per unit currently—inching towards grid parity. Crisil expects this trend to continue, supported by favourable government policy towards renewable energy. “Grid parity, along with ... Read More »

Solar power; sunny side down

According to reports, on March 20, the day a major solar eclipse was predicted, electricity grid managers in Germany weathered three extremely nervous hours — the duration of the eclipse. At 38.5 gigawatts of capacity (1 GW is equal to 1,000MW or mega watt), Germany has nearly half of Europe’s total of 89 gigawatts of solar capacity and accounts for more solar PV installed than any other nation. For a nation that, in theory, has solar capacity that is enough ... Read More »

Suzlon Energy set to win back 50% mkt share in wind power business

According to reports, Suzlon Energy (SUEL) is a potential turnaround story in the emerging wind power sector, where it has traditionally been a market leader due to its strong end-to-end EPC and O&M capability. From a position of strength, SUEL has gone through multiple crises over the past five years including debt default. However, it has since taken corrective steps to substantially repair its balance sheet by selling off its German offshore wind arm, Senvion (formerly REpower), for 1 billion ... Read More »

Aditya Birla Nuvo enters solar power business

According to reports, Kumar Mangalam Birla-controlled Aditya Birla Nuvo Ltd has decided to bid for solar power projects, starting with Telangana. The $4-billion company said in a filing to the BSE on Thursday that its board had approved participation in the bidding process for upcoming central, state and private sector solar power projects. “With the renewed focus of the Indian government on clean energy and in line with the vision of the company to invest in promising sectors, the company is ... Read More »

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