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Modi visit to give Indian green energy $1-bn push


According to reports, the clean energy sector in India will be one of the first sectors that would benefit during Prime Minister Narendra Modi’s US trip. The sector awaits investments worth about $1 billion from US companies. To finance sourcing of components from the US for Indian renewable power project developers, IREDA (Indian Renewable Energy Development Agency) and the US Exim Bank would sign an agreement. The financing would span over 18 years. Officials close to the development said the agreement ... Read More »

First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015


According to reports, as a follow-up to the ‘Make in India’ initiative launched by the Prime Minister, the Ministry of New and Renewable Energy ( MNRE) has announced organisation of the First Renewable Energy Global Investors Meet & Expo (RE – INVEST) on 15-17 February, 2015 in New Delhi. The central theme of the meet is to attract large scale investments in the renewable energy sector in India. The event is proposed to be inaugurated by the Prime Minister Shri. ... Read More »

GMDC plans 50 MW wind power project for Rs 300 cr


According to reports, state-run Gujarat Mineral Development Corporation (GMDC) will set up a 50 Mega Watt (MW) wind power project in a bid to harness green energy potential, said, a senior GMDC official. The fresh addition will take the total capacity of wind power installation by GMDC in the state to 200 MW. “GMDC will set up a 50 MW wind power project in the state to harness green energy potential,” said M Chattopadhyay, general manager (power), GMDC. The total ... Read More »

SunEdison Files Confidential S-1 for Emerging Markets Yield Vehicle including India


SunEdison, Inc. today announced that it confidentially submitted a draft registration statement on Form S-1 to the United States Securities and Exchange Commission (SEC) relating to the proposed initial public offering of the common stock of a yieldco vehicle focused on contracted clean power generation assets in attractive, high growth, emerging markets, primarily in Asia (excluding Japan) and Africa. The number of shares of common stock to be sold and the price range for the proposed offering has not yet ... Read More »

Renewable energy firms pin hopes on Tribunal as REC market collapses


According to reports, what do you call a market where 93 lakh instruments are offered for sale but only 22,000 are bought? A dead market. The trading that took place in ‘renewable energy certificates’ on the country’s two energy exchanges on Wednesday is a sharp reminder of how a well-meant legislation can be rendered useless by poor enforcement. Electricity produced by renewable sources, such as wind, solar, biomass and hydro, is usually costly and RECs are market tradable instruments given ... Read More »

Suzlon Energy slumps nearly 37% in six sessions


According to reports, Suzlon Energy was locked at 5% lower circuit at Rs 14.30 at 14:56 IST on BSE, with the stock extending recent slide. Meanwhile, the BSE Sensex was up 202.78 points, or 0.77%, to 26,671.14. On BSE, so far 3.78 lakh shares were traded in the counter, compared with an average volume of 18.59 lakh shares in the past one quarter. The stock opened with a downward gap, falling by the maximum 5% daily circuit and remained locked ... Read More »

Gamesa India signs wind power pact with Hero Future Energies


According to reports, wind turbine manufacturer and wind farm developer Gamesa Wind Turbines has signed a 90 megawatt (MW) wind power project order with Hero Future Energies – a new venture of The Hero Group. Under this contract, Gamesa will supply 25 units of 2 MW turbines at Kavital, Karnataka, and 20 units of 2 MW turbines at Gunga, Rajasthan. The project is scheduled for completion by March 2015. Gamesa would be responsible for the complete scope of site development, ... Read More »

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