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Suzlon’s offshore wind pilot in Gujarat to cost Rs 6,000 crore

According to reports, wind turbine manufacturer Suzlon Energy Limited is planning to invest about Rs 6,000 crore on India’s first offshore windmill project in bay of Kutch in Gujarat. The work on the 600-Mw project, to be set up on a pilot basis, will start early next year. Suzlon is already conducting a techno-commercial feasibility study for the offshore project. However, the company is taking regulatory hurdles and policy framework into consideration, even as it plans to complete the pilot ... Read More »

Brookfield plans India move, looks at Mytrah, Leap Green

According to reports, NYSE-listed Brookfield Asset Management is taking its second bet on the Indian green energy sector and is evaluating a potential investment in companies such as Mytrah Energy Ltd and Leap Green Energy Pvt. Ltd. Brookfield Renewable Energy Partners, controlled by Brookfield Asset Management and with around $200 billion in assets, operates one of the largest publicly-traded green energy platforms globally with 7,300 megawatts (MW) of installed capacity. “Brookfield has been firming up its India plans and has ... Read More »

Energy efficiency is low hanging fruit, says Bosch chief

According to reports, Bosch India sees ‘energy efficiency’ as a ‘low hanging fruit’ and expects to have a major play in that area. In the two years that Bosch has been in that business — an entity owned by it is registered as an ‘energy saving company’ (ESCO) by the Bureau of Energy Efficiency —the company has seen a attitudinal change in its customers, says Dr Steffen Berns, President and Country Head, Bosch India & Managing Director, Bosch Ltd. An ... Read More »

I Squared Capital announces investment in Amplus Energy Solutions

According to reports, infrastructure investment manager I Squared Capital through its ISQ Global Infrastructure Fund on Monday announced its investment in Amplus Energy Solutions Pvt. Ltd. I Squared Capital is a private equity firm focused on energy, utilities and transport in North America and Europe, and selects investments in high-growth economies. The firm, whose founders include ex-Morgan Stanley banker Gautam Bhandari, has been evaluating infrastructure projects in India. Amplus is headed by Sanjeev Aggarwal, former director, business development, AES (India) ... Read More »

Get dividends from renewable energy assets

According to reports, recently, TerraForm Global, a YieldCo sponsored by the US renewable energy major, SunEdison, raised $742 million through its IPO. A notable feature of TerraForm Global is that all of its assets — operational wind and solar plants — are in the emerging markets of India, China, Brazil and South Africa. Nasdaq-listed TerraForm Global owns 1,292 MW of wind and solar plants created or acquired by SunEdison in India. YieldCos, companies created by hiving off operating assets with ... Read More »

Hon Hai in talks with Softbank, Adani on solar energy plan

According to reports, Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world’s largest contract electronics maker, has been in talks with Japan’s telecom services supplier Softbank Corp. and Indian conglomerate Adani Group over solar energy investments, according to a Reuters report. The Reuters report cited sources familiar with the negotiations as saying that the three have been discussing the possibility of investing US$3 billion to manufacture solar cells and panels in India. The report said the three companies aim to ... Read More »

US pledges $2 million for India’s green tech start-ups

According to reports, US Ambassador to India Richard Verma announced that up to $2 million in grants will be made available to each innovative, early-stage clean energy project selected. These grants will be the first round of the PACEsetter Fund, a joint $7.9 million fund established in June by the governments of India and the United States to push the pedal on commercialising off-grid clean energy solutions. The US Ambassador also launched a new public-private partnership to marshal $41 million ... Read More »

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