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India to become major wind energy hub: Suzlon Chairman Tulsi Tanti

According to reports, falling tariff is not the only trend that renewable energy is witnessing. Suzlon, the domestic market leader in wind equipment manufacturing, expects global vendors to come to India to tap 60 gigawatts (Gw) of additional wind capacity that the government is aiming to achieve by 2020. In an interview to Business Standard, Tulsi Tanti, chairman and managing director, Suzlon, said, “India will be a large hub for wind manufacturing in five years on the strength of its ... Read More »

‘Better payment guarantee can bring down wind power tariffs further’

According to reports, assurances of timely payments from power distribution companies will push wind power tariffs down further, according to industry watchers. Chairman at the Indian Wind Turbine Manufacturers Association, Sarvesh Kumar, said, “A better payment guarantee mechanism will push tariffs down further.” He was speaking at a press conference on the sidelines of Windergy India 2017. Power prices crashed to ₹3.46 a unit in the country’s first ever auction of wind energy projects this year. The association released its ... Read More »

Green Investment Bank may invest in Lightsource India

According to reports, in a sign of growing overseas investor interest in the Indian clean energy space, UK Green Investment Bank Plc. (GIB) plans to become an anchor investor in the Indian operations of UK-based Lightsource Renewable Energy. This comes in the backdrop of a Macquarie-led consortium agreed to acquire GIB from the UK government for £2.3 billion last week. Lightsource Renewable Energy is among the largest global solar power project developers and announced its plans to develop 1,000 megawatt ... Read More »

Hero Future Energies CEO expects tariffs to drop below ₹3

According to reports, the substantial drop in solar power tariff in recent times is unlikely to impact viability of the projects as the project and finance costs too have declined, says Hero Future Energies Pvt. Ltd. CEO Sunil Jain. “People have concerns whether lower tariffs are viable or not. I believe these tariffs are viable as the project and finance costs also have fallen substantially,” he said in an interaction with journalists at a CII conference on rooftop solar programme ... Read More »

Solar energy to power Delhi Metro’s Phase III

According to reports, Delhi Metro’s Phase III is likely to be fully powered by solar energy.  Last week, Delhi Metro signed a purchase agreement for 25 years with Rewa Ultra Mega Solar Limited, a joint venture between Solar Energy Corporation of India and the Madhya Pradesh government.  Under this agreement, Delhi Metro will source 345 MUs annually from this project, “Effectively, the entire energy requirement of phase III of Delhi Metro project,” said a statement by the Delhi Metro Rail Corporation (DMRC). ... Read More »

Tata Cleantech Capital eyes Rs 5,500 cr asset book by FY19

According to reports, Tata Cleantech Capital (TCCL) is looking at growing its asset book to around Rs 5,500 crore by fiscal 2019, with nearly USD 120 billion debt funds expected to flow into the renewable energy space in the next five years. TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore. It has funded over 80 renewable energy projects, including wind, solar and small hydro and biomass, with ... Read More »

Removal of incentives to hit wind energy projects

According to reports, with incentives offered for wind energy investments having come down this financial year, installations by small investors — those who have less than 10 MW — is expected to drop drastically. Of the 32 GW of installed wind energy capacity in the country, 60% are by small investors. According to K. Kasthurirangaian, chairman of Indian Wind Power Association, the accelerated depreciation has gone down from 80% to 40%, after generation-based incentive and 10-year tax-free benefit for profits ... Read More »

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