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JP Associates to Consider Sale of 49 MW Wind Power Projects

According to reports, Jaiprakash Associates Ltd said its board will consider tomorrow a proposal to sell its wind power plants with aggregate capacity of 49 MW. “A meeting of the Board of Directors of the company will be held on September 30, 2015, inter alia, to consider sale of wind power plants of the company having aggregate capacity of 49 MW,” Jaiprakash Associates Ltd informed BSE on Tuesday. Jaiprakash Associates is the flagship company of the Jaypee group, which is ... Read More »

Renewable energy sector has potential to grow: PTC India

According to reports, PTC India Financial Services has sanctioned loans worth Rs 1000 crore in its board meeting last week. The loan is sanctioned in the renewable growth sector, Ashok Haldia, Managing Director (MD) & Chief Executive Officer (CEO) of the company told CNBC-TV18. Haldia said the renewable energy sector – wind and solar – is most efficient and will grow further. Of the total loan book, 45 percent plus loans has been sanctioned on 50 renewable energy projects, he ... Read More »

Swelect Systems to enter global markets this year

According to reports, Swelect Energy Systems plans to enter global markets including the UK and USA this year. The company hopes to earn at least 20 per cent of its revenues from exports from next year, senior official said. Swelect is the former Numeric Power Systems, one of the leading manufacturers of UPS and inverters in India. The company transferred its UPS business to Legrand in 2012 for Rs 800 crore. Since then, it has been operating in the solar ... Read More »

Power producers say fees levied on solar parks behind price hike

According to reports, power producers have said the fees levied by the government on solar parks under various heads has forced them to increase prices by at least 10 per cent at a time when the trend is towards declining cost of clean energy. The fees levied by the government on the solar parks announced in Andhra Pradesh, Rajasthan, Gujarat and Karnataka includes that for development, operation and maintenance, lease rentals, solar power development, processing, security deposits and additional taxes. ... Read More »

Rush of foreign investments into renewable sector turns industry cautious

According to reports, Italian renewable major ENEL Green’s $33 million buy-out of a majority stake in BLP Energy has come close on the heels of US-based SunEdison acquiring Continuum Wind Energy at an enterprise value of an estimated $650 million. The latter deal happened three months ago, but these developments signal a rush of foreign strategic investors into India’s renewable energy sector, following Narendra Modi-led government’s ambition to add 175 GW renewable capacity by 2022 to the exising 36.3 GW ... Read More »

India to announce climate commitments on Gandhi Jayanti

According to reports, India will announce on October 2 its Intended Nationally Determined Contributions (INDCs) in the lead up to the Paris climate summit in December, the government indicated on Friday, hours after Prime Minister Narendra Modi told the U.N. General Assembly that the country’s development goals and the U.N. Sustainable Development Goals (UNSDGs) were the same. “October 2 is the birth anniversary of a great Indian and a great world leader, Mahatma Gandhi, who passionately believed in sustainable development. ... Read More »

Want to Harness Solar Energy? Your Fourth Partner is Here

According to reports, sensing the underlying business potential in solar energy, first generation entrepreneurs Vivek Subramanian, Saif Dhorajiwala and Vikas Saluguti, founded Fourth Partner Energy in 2010. With pan-India presence, it allows industrial and commercial customers to leverage solar energy to reduce power costs via tailor-made financing models. It offers end-to-end solutions including financial structuring, design, turnkey execution, servicing of captive solar assets. “The financial viability of rooftop solar projects has been proven. We are creating a sustainable business with ... Read More »

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