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Daily Archives: April 26, 2017

Green Investment Bank may invest in Lightsource India

According to reports, in a sign of growing overseas investor interest in the Indian clean energy space, UK Green Investment Bank Plc. (GIB) plans to become an anchor investor in the Indian operations of UK-based Lightsource Renewable Energy. This comes in the backdrop of a Macquarie-led consortium agreed to acquire GIB from the UK government for £2.3 billion last week. Lightsource Renewable Energy is among the largest global solar power project developers and announced its plans to develop 1,000 megawatt ... Read More »

Hero Future Energies CEO expects tariffs to drop below ₹3

According to reports, the substantial drop in solar power tariff in recent times is unlikely to impact viability of the projects as the project and finance costs too have declined, says Hero Future Energies Pvt. Ltd. CEO Sunil Jain. “People have concerns whether lower tariffs are viable or not. I believe these tariffs are viable as the project and finance costs also have fallen substantially,” he said in an interaction with journalists at a CII conference on rooftop solar programme ... Read More »

Suzlon’s first 2.1 MW wind turbine generator in Gujarat achieves 42% PLF

According to reports, the Suzlon Group, a leading global renewable energy solutions provider, on Wednesday, said its S111 120m 2.1 MW wind turbine generator has achieved a nearly 42% Plant Load Factor (PLF) in its first 12 months of operation at the Jamanwada site in Kutch district of Gujarat. The prototype was commissioned in March 2016, a company release said here. The 42 percent PLF demonstrated is 20 per cent higher than the 35 percent PLF achieved by S97 120m ... Read More »

Wind power sector ready to work with govt to realize targets: Sarvesh Kumar

According to reports, the wind power sector is ready to work with the government to realize the target of 175 GW renewable power, of which 60GW is wind power, by 2022, but first wants a proper regulatory framework in place. Sarvesh Kumar, chairman of the Indian Wind Turbine Manufacturing Association (IWTMA), in an interview with Mint, discussed various issues plaguing the sector, including how goods and services tax (GST) rates could impact the wind sector and how offshore wind power ... Read More »

6 GW of wind capacity to be auctioned this year

According to reports, India will see 6 GW of wind power capacity auctioned in the current year, Rajeev Kapoor, Secretart, Ministry of New and Renewable Energy, said today. Speaking at Windergy 2017 conference here, Kapoor said that 2 MW will be tendered out by the govt company, SECI, in a month. Part of the other 4 GW would be bid out by the state governments, he said. The plan for 6 GW comes on the heels of the country’s first ... Read More »

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