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Daily Archives: April 5, 2017

ReNew Power doubles installed capacity to over 2 GW with $1-bn investment

According to reports, Sumant Sinha-led ReNew Power Ventures doubled its power generation capacity in a year’s time to cross 2,000 MW. It achieved the target with Rs 6,700 crore (approximately $1 billion) investment adding 430 MW of solar and 626 MW of wind capacity. Over the past six years, the company has increased its capacity multifold — starting from 200 MW in the financial year (FY) 2011-2012 to 2 GW as on March 31, 2017.  “In April 2016, we were the ... Read More »

Tata Power Renewable Energy commissions 100 MW wind farm

According to reports, Tata Power Renewable Energy Ltd (TPREL) today announced the commissioning of its 100 MW wind farm project in Nimbagallu, Andhra Pradesh. The Tata Power arm had commissioned 36 MW wind capacity of the plant in December 2016. Announcing the commissioning of the balance 64 MW today, Tata Power said with this, the operating renewable portfolio of TPREL has grown to 1,959 MW, comprising 907 MW wind, 932 MW solar and 120 MW waste heat recovery capacity. The ... Read More »

Railways to add 1000 MW of solar, 200 MW of wind energy: Suresh Prabhu

According to reports, railways plans to use renewable energy in a “big” way and is looking to add 1,000 MW of solar and 200 MW of wind energy, Railway Minister Suresh Prabhu  said. Prabhu along with Power Minister Piyush Goyal also launched a new report, which said Railways can draw up to 25 per cent of its electric power needs from renewables and achieve the target of 5 GW of solar power by 2025. The study released by the Council ... Read More »

Suzlon chief expects strong growth momentum for renewable energy

According to reports, on the basis of strong business indicators, sector potential and investor interest in the renewable energy space, Suzlon Group Chief Tulsi Tanti expects strong growth momentum in the coming years. Indian wind energy sector witnessed a record installation of 5,400 MW in FY17, registering a 60 per cent growth over 3,400 MW in FY16. With this addition, the total installation of wind moved from 27 GW to 32 GW. “There was huge investor interest in the sector ... Read More »

Wind power bids seem unrealistic

According to reports, the recent bid by the Solar Energy Corporation of India (SECI) to set up 1000 MW wind power plants saw tariffs drop to ₹3.46 per unit. This has set a new benchmark for wind power in India, bringing the overall cost of power down in a rapidly growing economy. Despite being India’s first wind power project tender, SECI was oversubscribed 2.6 times. Bids were concentrated in three States; with Tamil Nadu receiving the highest share of 1794 ... Read More »

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