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Winds of change or mere passing clouds

According to reports, coming as it did after the lukewarm response to the issues of Adlabs Entertainment Ltd. and Ortel Communications, the initial public offering of Inox Wind Ltd. was supposed to be a test of the market’s appetite in general. It has passed the test with flying colours, what with a subscription of 18 times. And in doing so, it has also given a hint about how investors may be viewing the renewable energy sector. Is this enough clue ... Read More »

Solar rooftops need financing, not sops

According to reports, the solar industry believes access to finance, not sops, will be key for rooftop installations to take off, as it remains unruffled by the government’s recent proposal to cut subsidy. Despite the provision of subsidies, solar rooftop installations have performed way below targets. Of the 358 MW rooftop solar projects sanctioned by Ministry of New and Renewable Energy (MNRE), only 42 MW of rooftops have been installed so far. The subsidy mechanism is seen as highly ineffective ... Read More »

‘We are a long term player in India’s Solar Dream Run’

According to reports, SunEdison inked the largest deal in solar cell manufacturing in India with the country’s largest private power producer Adani Enterprises in January this year with an investment of $4 billion. And this was just the beginning of this NYSE listed global solar solutions company in India. It went on to commit the highest 15 gigawatts (Gw) of solar power production in the RE-Invest 2015. The man at helm, Pashupathy Gopalan, President, SunEdison – Asia Pacific is excited ... Read More »

Govt in talks with lending agencies to raise $3 bn for solar power projects

According to reports, India is in talks with more than half-a-dozen leading multilateral funding and lending agencies to try and raise at least $3 billion for solar power projects that will help meet its ambitious renewable energy target, cut the oil import bill and bolster the nation’s position at climate change talks later this year. The National Democratic Alliance (NDA) government is in talks with lenders such as the Asian Development Bank (ADB), the World Bank, Germany-based KfW Bankengruppe, the ... Read More »

Greenko Profits Rise As Revenue Surpasses USD100 Million

Greenko Group PLC Monday said it outperformed the whole of its previous financial year in the last nine-months of 2014, as its reported a significant rise in profit, earnings and revenue and continued to build up its capacity through acquisitions. The owner and operator of clean energy projects Monday released its financial figures for the nine-month period ending December 31 after it changed its financial year to align it with a calendar year. Still, Greenko reported a rise in profits, ... Read More »

India can save $7 billion per annum by use of LED bulbs: Goyal

According to reports, India can save up to $7 billion (about Rs 43,750 crore) annually by replacing incandescent lamps with energy efficient LED bulbs, power minister Piyush Goyal said on Friday. “We have set challenging targets to save energy as energy conservation has an equally important role to play with generation. We are looking at savings of nearly 100 billion units of power, by the use of LED lights, translating into $7 billion annually,” he said at ‘Urja Sangam’ here ... Read More »

Modi Tops Obama Solar Pledge With First India Green Dollar Bond

According to reports, as Indian Prime Minister Narendra Modi was winning headlines garnering U.S. support for a $160 billion solar-power push, the bond market was putting together more concrete funding plans. Export-Import Bank of India, which has lent to solar and wind programs, sold the country’s first green dollar bonds in a $500 million issue of 2.75 percent notes March 24. India’s issuance of overseas securities meeting environmental criteria overseen by the Zurich-based International Capital Market Association could surge to ... Read More »

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