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Yearly Archives: 2017

Towards the next Milestone

According to reports,  the Indian renewable energy industry seems to have kicked off the new year on a positive note, with the announcement of an ₹850-crore investment by IFC, the PE arm of the World Bank, in Hero Future Energies, a company floated by the promoters of the Hero group. IFC pumped in $125 million for an undisclosed equity stake, making the investment a statement of investor confidence in the Indian clean energy sector at a time when the industry ... Read More »

Gamesa opens India blade plant

According to reports, Gamesa has opened a wind blade manufacturing facility in India, its second in the country. The factory at Nellore in Andhra Pradesh state will produce blades for Gamesa’s G114-2.0MW class S turbine, the Spanish company said. Gamesa plans to invest over €100 million this year to reinforce its manufacturing presence in India. The facility currently employs 500 people and is expected to double the headcount within three years. The company owns another blade manufacturing plant at Halol in Gujarat as ... Read More »

Tata Power becomes first Indian firm to ship out 1 GW solar modules

According to reports, Tata Power Solar has successfully shipped 1 GW solar modules worldwide, a first for any Indian solar manufacturer. The company claims to have one of the largest solar manufacturing facilities in India, with modules as well as cell manufacturing capacities. The company has witnessed a steady rise in the number of modules in the past 27 years, with over 60 percent of its modules shipped over the last five years. Tata Power has shipped modules worldwide to over ... Read More »

Bandra-Worli Sea Link will switch to solar energy from April 2017

According to reports, the 5.6 km long Bandra-Worli Sea Link will soon be harnessed to solar energy with a bid to pave way for green energy and to save on electricity bills. Maharashtra State Road Development Corporation (MSRDC) has already floated bids for the appointment of new toll operator who will also be responsible for the installation of solar panels. The solar panels are expected to be installed by March and the system is expected to be functional by April. ... Read More »

Govt slashes IREDA’s borrowing target for 2017-18

According to reports, the government has lowered the estimated borrowing target of Indian Renewable Energy Development Agency (IREDA) — the key lender to clean energy sector and also called India’s green bank — by a massive 34 per cent to ₹8,043.31 crore in Budget 2017. The Revised Budgetary borrowing for financial year 2016-17 stood at ₹ 12,212.60 crore. The target for financial year 2017-18 is even lower than the ₹9,118.85-crore borrowing target set under Budget 2016-17. Vishal Jain, Chief Financial ... Read More »

IWTMA welcomes the Union Budget 2017: Sarvesh Kumar

According to reports, “Indian Wind Turbine Manufacturers Association (IWTMA) would like to welcome the budget presented by the honorable Finance Minister Arun Jaitely. As a professional stakeholder body, we are not too happy with the budget 2017 as there is nothing concrete on the renewable energy sector, considering it is one of the growing sectors in the country. The Government has completely overlooked the wind energy division. The sector is in a developing phase and needs attention from the government as ... Read More »

India’s solar power capacity crosses 9 GW

According to reports,  country’s solar power generation capacity stood at over 9 GW as on December 31, 2016 with Tamil Nadu having the largest output capability followed by Rajasthan and Gujarat, Parliament was informed today. Total power generation capacity was 9,012 MW as on December 31, 2016. Tamil Nadu led the chart followed by Rajasthan and Gujarat, Power Minister Piyush Goyal informed the Rajya Sabha. “As on December 31, 2016, Gujarat (1.16 GW), Rajasthan (1.32 GW), and Tamil Nadu (1.6 GW) ... Read More »

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