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Daily Archives: July 21, 2015

SunEdison yieldco’s IPO covers 1,292 MW of India assets

According to reports, it is the biggest IPO covering wind and solar assets in India, but neither will the IPO happen in India, nor will the company be listed on the Indian stock exchanges. Global renewable energy major, SunEdison, which has large operations in India, has put 1,292 MW of wind and solar assets in its yieldco, TerraForm Global, which is coming out with an IPO in the U.S. (An ‘yieldco’ is a company set up by a ‘sponsor’ or ... Read More »

National Renewable Energy Act to change landscape of RE

According to reports, aiming for consolidation of the renewable energy sector and give it an institutional structure, the NDA government has drafted the first ever ‘National Renewable Energy Act-2015’. The act would enable a National Renewable Energy Policy, Renewable Energy Corporation of India, an advisory group and a committee on the same. Renewable energy was till yet governed by the Electricity Act -2003 – which is also undergoing amendments. “Following the suggestions of the standing committee, a separate law for renewable ... Read More »

Tamil Nadu needs to improve infra for wind energy generation

According to reports, Tamil Nadu requires sufficient grid facilities to improve its wind energy generation capacity, a top official in the power industry said during a conference in the city on Saturday. According to Madhusudan Khemka, chairman, Indian Wind Turbine Manufacturers Association (IWTMA), more efficient evacuation of power and upgradation of infrastructure with new technology and better turbines is essential for people and companies to continue investing in wind power in the state. Presently, the state has a cumulative wind ... Read More »

Orient Green Power jumps on plans to divest stake in subsidiary

According to reports, Orient Green Power Company jumped 5.14% to Rs 14.92 at 12:32 IST on BSE after the company approved divestment of atleast 26% stake in wholly owned subsidiary Gayatri Green Power. The announcement was made on Saturday, 18 July 2015. Meanwhile, the S&P BSE Sensex was down 110.37 points, or 0.39%, to 28,352.94 On BSE, so far 1.57 lakh shares were traded in the counter, compared with an average volume of 51,817 shares in the past one quarter. ... Read More »

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