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Daily Archives: July 16, 2015

Hero Future Energies bags solar power project from MP govt

According to reports, Hero Future Energies (HFE) today said it has bagged a 38 MW solar PV project from the Madhya Pradesh government. Madhya Pradesh floated a 300 MW solar power bid this year. HFE was selected as the highest successful bidder in results announced today and has been allotted 38 MW, the company said in a statement. The difference in the tariff quoted by HFE in this bid and the lowest tariff is about Rs 0.59, it added. “Winning ... Read More »

Greenko to hit one giga watt generation by Aug-Sept

According to reports, renewable energy company Greenko Group, which currently has operational assets of about 900 MW in the country, is set to cross the magical 1000 MW (one giga watt) capacity by August-September with the commissioning of couple of projects. “The capacity by the end of the year is likely to go up to 1,100 MW if the new capacity addition is factored into from both wind and hydel power projects,” said Anil Kumar Chalamalasetty, CEO and Managing Director. ... Read More »

Thermax buy 33 per cent in First Energy with plans to buy up to 76 per cent

According to reports, Pune-headquartered Thermax has entered a pact to acquire 33% stake in First Energy Private Limited, an alternative energy solutions company, with an arrangement to increase the stake to 76% in the next four years. Engineering and capital goods company Themax aims to foray into consumer business with the acquisition that will be done in a phased manner over the next four years, Managing Director and Chief Executive Officer M. S. Unnikrishnan told ET. The company did not ... Read More »

Indian solar sector witnesses six major deals in second quarter

According to reports, there have been six significant financial transactions in the second quarter of the current fiscal in the Indian solar sector, including VC funding, M&A deals and project acquisition. This is notwithstanding the fact that the total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing and public market financing raised by solar companies decreased to $5.9 billion compared to $6.4 billion in Q1 2015, according to the latest report by Mercom Capital ... Read More »

There is a buzz, now let’s plug the holes

According to reports, there has been quite a buzz in India’s renewable energy industry in the last few weeks. The announcement that stands out is the $20-billion solar plan unveiled by Japan’s SoftBank, with partners Bharti and Foxconn. This has strengthened the belief that finding investors and investments to get to the targeted 175-gigawatts of renewable energy capacity by 2022 is not the challenge; it is rather the lack of supporting transmission infrastructure, the denial of access to land and ... Read More »

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