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Daily Archives: May 3, 2017

Brookfield Renewable Sees Opportunities in Coal-Fueled India

According to reports, Brookfield Asset Management Inc., Canada’s largest alternative asset manager, will look for renewable energy opportunities in India as the country seeks to reduce its reliance on coal. “It’s looking for a way to create both domestic sources of power and reduce pollution,” Sachin Shah, chief executive officer of Brookfield Renewable Partners LP, said on a conference call Wednesday. “So you’ve got strong government support. All of that fits in with our thesis that it could be a ... Read More »

IREDA to raise $300 million

According to reports, The government’s principal clean energy financing arm, the Indian Renewable Energy Development Agency (IREDA) seeks to raise at least $150 million through Masala bonds. This issuance will have a Green shoe Option to retain over-subscription up to $150 million. In the request for proposal document, IREDA has invited bids for the appointment of Lead Managers for the proposed issue under Euro medium-term note (EMTN) Programme of $300 million for a tenor up to 5 years. The proceeds from ... Read More »

Railways looking to access 10 MW through the day from Rewa Ultra Mega Solar project

According to reports, the Indian Railways is working on an arrangement where it can use Rewa Ultra Mega Solar Ltd (RUMS) as a power bank so that it can access 10 mega watt solar power throughout the day. The solar power banking facility is being worked out to meet the traction requirement, or running trains, and the tariffs for the same are being negotiated. RUMS is a joint venture of Solar Energy Corporation of India and the Madhya Pradesh government. ... Read More »

KK Wind Solutions of Denmark enters India

According to reports, Danish company KK Wind Solutions, which specialises in control systems for wind turbines — electronics that go into controlling the operations of a wind turbine — has entered the Indian market. It will manufacture and sell ‘low voltage ride through’ (LVRT) devices, which are essential for maintaining grid stability. The company’s CTO-cum-COO, Rene Balle, sees a big opportunity in India because LVRT has been made mandatory. (LVRT are devices that ensure that a wind turbine, or even ... Read More »

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