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Daily Archives: June 4, 2017

Tata Cleantech gets Rs200 crore from Tata Capital, World Bank’s IFC

According to reports, Tata Cleantech Capital Ltd (TCCL), a joint venture of Tata Capital Ltd and World Bank arm International Finance Corp. (IFC), has raised Rs200 crore (about $31 million) from its promoters to grow its loan book, a senior company executive said. Tata Cleantech is a non-banking finance company (NBFC) that funds renewable energy projects across assets such as solar, wind, small hydro and biomass, as well as other green businesses such as energy efficiency and water treatment. TCCL, ... Read More »

French company Engie likely to invest Rs 6,500 crore in solar energy in India

According to reports, Engie, the French power giant with a global installed capacity of 115.3 gigawatts across all forms of energy, expects to invest a minimum of $1 billion (about 6,500 crore) in the solar segment in India over the next five years. “$1 billion is the bare minimum,” said chief executive Isabelle Kocher said. “We intend to win 400 MW a year, which means an investment of almost half a billion annually. It is a highly capital-intensive business.” But it all ... Read More »

Tamil Nadu wafts to new wind power high

According to reports, State-run discom Tamil Nadu Generation and Distribution Corporation(Tangedco), on Tuesday evening touched an all-time high in wind power evacuation. Against an installed wind energy generation capacity of 8,300MW in TN, Tangedco evacuated 4,600MW. Total wind power consumption in the state on Tuesday was 99.46 million units. This is the highest wind energy evacuation and consumption since the state started installing windmills in the 1980s. Along with solar power, the state on Tuesday consumed 105 million units of renewable ... Read More »

India to be first in world to run all government ports on green energy

According to reports, all 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running on solar and wind energy. The government plans to install almost 200 megawatt solar and wind power generation capacity at the ports by 2019, officials said. Almost 150 mw of this will be solar power and 50 mw wind power generation capacity. The capacity could be ramped up to ... Read More »

German wind-turbine major Enercon plans second coming into India

According to reports, German wind turbine major Enercon is all set to ‘come back’ to India, this time on its own. Earlier, Enercon India was a joint venture with the Mumbai-based Mehra family, which ended up in the courts, with each partner accusing the other of wrongdoing. Even as the final word is yet to be said about the fate of Enercon India, since renamed Wind World (India) Ltd, Enercon GmbH plans to re-enter India. Many industry sources told BusinessLine ... Read More »

States may auction under-construction wind power projects, further lowering tariffs

According to reports, the disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase. In a report, Crisil said that under-construction projects, as part of the feed-in tariff (FiT) regime, may be put up for auction by the states to further lower tariffs. While these projects didn’t have a power purchase agreement, work had started on them on the basis of the licences awarded by ... Read More »

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