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Daily Archives: April 9, 2017

ReNew Power plans IPO to raise up to $600 million

According to reports, India’s largest clean energy producer ReNew Power is planning an initial public offering (IPO) of shares to raise up to $600 million after it closed the latest round of funding from Japan’s JERA, a joint venture between Tokyo Electric Co. and Chubu Electric Co that valued it at $2billion, said people directly aware of the plans. Investors such as Goldman Sachs, the largest shareholder in the company, Abu Dhabi Investment Authority, Asian Development Bank and Global Environment Fund ... Read More »

Archimedes Green Energys to manufacture rooftop wind turbine

According to reports, Archimedes Green Energys (P) Ltd is set to showcase a rooftop wind turbine at a renewable energy exposition to be hosted in the city later during the week. “The small wind turbine useful for small offices and homes will be manufactured in partnership with a Korean firm ESCO RTS and Dutch technology at Medchal near here,” Suryaprakash Gajjala, CEO of Archimedes Green Energys (P) Ltd, told BusinessLine. The product is an outcome of 20 years of research ... Read More »

Solar power to light up remote Arunachal Pradesh villages

According to reports, India will power close to 900 remote villages in Arunachal Pradesh bordering China using advanced off-grid renewable energy kits that will bring electricity to about 16,000 households, power minister Piyush Goyal said here. The government will later this week invite price bids from companies for the project which also involves installing more than 4,000 off-grid street lights. The falling cost of renewable energy makes this a better power supply option in far flung areas than laying transmission ... Read More »

Renewables surpass other energy sources in capacity addition in FY17

According to reports, capacity addition from renewable energy sources surpassed conventional sources for the first time in financial year 2017 as India added 12.5 gigawatt (GW) of renewable energy capacity compared to 10.2GW from conventional sources of fuel. “India added 12.5GW of renewable energy capacity during financial year 2017, surpassing capacity addition from conventional sources of fuel estimated at 10.2GW, in sync with global trends,” said a report by Elara Capital, which was released on Wednesday. Of the 10.2GW of ... Read More »

Renewable energy expo gets underway in Hyderabad

According to reports, the two-day Renewable Energy India Expo hosted by UBM India got underway today with the participation of a number of companies from India and China. Apart from display of some of the latest offerings in the renewable energy sector, the focus was on discussing industry trends, challenges and market insights. The show brought together over 130 exhibitors that include manufacturers, EPCs, distributors and service providers. The expo had a dedicated China Pavilion with Sunworld Tech Corp, Ningbo ... Read More »

Vedanta firms up clean energy plans for India

According to reports, Vedanta Resources Plc is firming up its clean energy plans for India, encouraged by the opportunities offered by the country’s growing green economy. As part of the strategy, the firm is looking at developing battery storage solutions, Ajay Kumar Dixit, chief executive officer, alumina and power business, Vedanta Ltd said on the sidelines of a conference on natural resources organised by Network 18 and the Confederation of Indian Industry. Vedanta Ltd, formerly known as Sesa Goa Ltd, ... Read More »

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