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Daily Archives: April 24, 2017

Vestas to increase Ahmadabad plant’s capacity to 600 MW

According to reports, wind power solutions provider Vestas will ramp up its equipment manufacturing capacity at Ahmadabad plant to 600 MW in 2-3 years from existing 200 MW to get a bigger share of over 5,000 MW annual market in India. “We will increase our equipment manufacturing capacity from around 200 MW to 600 MW in next 2-3 years mainly due to encouraging policy initiatives by the government,” Vestas Director, Marketing & Public Affairs, India & South East Asia, Amar ... Read More »

Solar energy to power Delhi Metro’s Phase III

According to reports, Delhi Metro’s Phase III is likely to be fully powered by solar energy.  Last week, Delhi Metro signed a purchase agreement for 25 years with Rewa Ultra Mega Solar Limited, a joint venture between Solar Energy Corporation of India and the Madhya Pradesh government.  Under this agreement, Delhi Metro will source 345 MUs annually from this project, “Effectively, the entire energy requirement of phase III of Delhi Metro project,” said a statement by the Delhi Metro Rail Corporation (DMRC). ... Read More »

MP govt to provide subsidised solar water pumps to farmers

According to reports, the Madhya Pradesh government would soon provide nearly 18,500 solar-powered water pumps to farmers in the state at subsidised rates. “We are going to make available solar borewell and surface pumps fitted with remote monitoring system to the farmers under the Madhya Pradesh Chief Minister Solar Pump Scheme shortly,” New and Renewable Energy Department Principal Secretary Manu Srivastava told PTI. “The rates of solar pumps already arrived at after the bidding are the lowest in the country. ... Read More »

Tata Cleantech Capital eyes Rs 5,500 cr asset book by FY19

According to reports, Tata Cleantech Capital (TCCL) is looking at growing its asset book to around Rs 5,500 crore by fiscal 2019, with nearly USD 120 billion debt funds expected to flow into the renewable energy space in the next five years. TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore. It has funded over 80 renewable energy projects, including wind, solar and small hydro and biomass, with ... Read More »

Removal of incentives to hit wind energy projects

According to reports, with incentives offered for wind energy investments having come down this financial year, installations by small investors — those who have less than 10 MW — is expected to drop drastically. Of the 32 GW of installed wind energy capacity in the country, 60% are by small investors. According to K. Kasthurirangaian, chairman of Indian Wind Power Association, the accelerated depreciation has gone down from 80% to 40%, after generation-based incentive and 10-year tax-free benefit for profits ... Read More »

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