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Daily Archives: May 15, 2017

Adani Group’s renewable energy arm may raise $200 million

According to reports, Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of the development said. The proposed fundraising could see Adani’s renewable arm—Adani Green Energy Ltd—raise as much as $200 million (about Rs1,300 crore), said one of the two people cited above, requesting anonymity, as the talks are private. “They have ... Read More »

Inox Wind declines after weak Q4 results

According to reports, Inox Wind slumped 16.98% to Rs 167.65 at 14:43 IST on BSE after consolidated net profit fell 36.6% to Rs 127.54 crore on 44.6% decrease in net sales to Rs 1019.22 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 12 May 2017.  Meanwhile, the S&P BSE Sensex was up 140.45 points, or 0.47% at 30,328.60. The S&P BSE Mid-cap index was up 143.43 points, 0.97% at 14,997.88. ... Read More »

Renewable energy deals decline on falling solar power tariffs

According to reports, declining solar power tariffs have resulted in fewer clean energy deals because of concerns that electricity offtake commitments at higher tariffs may not be honoured. Deal makers and experts say that the proposed transactions for the solar projects with high tariffs are increasingly being put on a back burner in the backdrop of record low tariffs of Rs2.44 per unit recorded last week at Bhadla in Rajasthan. This is due to concerns over whether the electricity distribution ... Read More »

Tata Power Solar, Dell India build vertical solar farm

According to reports,  Tata Power Solar and Dell International Services India have jointly put up India’s largest vertical solar farm of 120 kw. “The first-of-its-kind, 45-metre structure built on Dell’s Bengaluru campus provides the dual benefit of producing sustainable green energy and insulation of the building, thus helping reduce power consumption,” Tata Power Solar statement said. According to the statement, the south-facing vertical solar farm is a “very complex” project since it was to be integrated on the facade of ... Read More »

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