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JBM Group to invest Rs 1,600 cr in solar energy

According to reports, Delhi-based auto component manufacturer today announced its foray into the solar energy sector with a committed investment of Rs 1,600 crore over the next three years. The group plans to have a combined capacity of 300MW under the newly formed entity – JBM Solar (P) Ltd. JBM Solar plans to be an independent power producer (IPP) with focus on both, ground mounted and solar rooftop projects. JBM Solar has already commissioned a rooftop solar installation at the ... Read More »

Mytrah Energy could diversify into solar: Chairman Ravi Kailas

According to reports, Mytrah Energy Limited, a renewable energy company focussing on wind energy projects, says it could soon diversify into solar power generation, given the potential and also the complementary nature of the latter with wind projects. The company, listed on the London Stock Exchange’s AIM (formerly Alternative Investment Market), has thus far set up 543 MW of wind power capacity across six States in the country. It expects to inch closer to the one gigawatt capacity by early ... Read More »

The clean energy opportunity

According to reports, in the last six months, Prime Minister Narendra Modi and US President Barack Obama have held historic meetings, brought India and the US closer together, and created a partnership to jointly seize the enormous economic and environmental opportunities, driving both countries towards a clean energy future. Addressing climate change will be challenging for each country in different ways, as we transition away from economies based on fossil fuels. But the clean energy future promises opportunities that dwarf ... Read More »

India Inc may turn to green bonds to fund sustainable projects

According to reports, in an emerging class of debt, India is set to see a flush of green bond issues in the months to come. YES Bank and Export Import Bank of India (Exim Bank) were among the first to kick-start the green infrastructure bond market in India this year. Private sector lender YES Bank has raised ₹1,000 crore ($160 million) through its green infrastructure bonds with a tenure of 10 years to fund renewable energy projects such as solar, ... Read More »

Mytrah Energy reports strong full-year earnings

According to reports, Indian wind power group Mytrah Energy saw its shares jump on Tuesday after posting strong full-year revenues. The company’s revenues rose 36.5% to $69.55m and earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 23% to $57.17m. However, profits before tax fell 73% to $2.28m as finance costs increased from $29m to $43.5m. Mytrah increased its operating capacity from 309.9MW to 543MW in 2014 and expects to enter 2016 wind season with 740MW operating and a further ... Read More »

Govt to kickstart its 100,000-Mw solar energy plan soon

According to reports, the Narendra Modi-led government at the Centre is considering starting its plan to build a 100,000-Mw solar energy capacity by 2022 through award of 10,000-Mw projects in the coming three months. The plan includes close to 6,000 Mw of capacity to be set up by NTPC alone, 2,500 Mw by Solar Energy Corporation, around 2,500 Mw in Madhya Pradesh and the rest as solar energy parks in several other states. Officials in the ministry of new and ... Read More »

Solar power: Sunny side up

According to reports, the number of buildings on solar power will only grow now. It is inevitable,” says renewable energy consultant Adarsh Vansay, founder of Aeon Green Power Solutions, a small firm that offers consultancy and project implementation support for solar projects. In his own JP Nagar home, Vansay has had solar panels and a wind turbine since 2011, which produce enough energy to meet his small family’s needs. But he is turning energy entrepreneur by installing a solar system ... Read More »

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