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A wind of opportunity for Suzlon in AP

According to reports, a new wind of opportunity is blowing in Andhra Pradesh in the renewable energy (RE) sector and one of the country’s largest wind energy players Suzlon Energy Ltd’s chairman Tulsi Tanti is gung ho about riding it. Though the company’s 400 MW (200 units per annum) rotor blade manufacturing unit at Anantapur is yet to be officially inaugurated, Tanti says its capacity will have to be doubled in one to two years to keep pace with the ... Read More »

Competition for Rewa mega solar park hots up with 20 in fray

According to reports, the Madhya Pradesh government’s ambitious ultra mega solar park at Rewa has attracted 20 companies for 10 times the required capacity of 750 MW. ReNew Power and SoftBank promoted SBG Cleantech have bid for all the three units of 250 MW each. Hero Future Energies and Mahindra Renewables have put in bids for 500 MW each. Shapoorji Pallonji Infrastructure, Torrent Power and Aditya Birla Renewables among others have put in bids for one unit of 250 MW. ... Read More »

Shareholders should reap benefits starting next year: Tulsi Tanti, CMD, Suzlon

According to reports, Suzlon, the renewable energy company that suffered severe setbacks in the recent past forcing it to sell large global assets, is in a turnaround and predicts its growth to outpace the industry this year. The Indian multinational is investing in improving efficiencies and Chairman Tulsi Tanti tells ET that he expects shareholders to start reaping the benefits from next year. Edited excerpts: What is the progress of turnaround after suffering setbacks owing to ill-advised overseas expansions? The best ... Read More »

Actis in talks to promote new renewable energy platform, after Ostro success

According to reports, inspired by the success of its existing Indian renewable energy platform, Ostro Energy, global private equity fund Actis Llp now plans to promote another green energy platform. Accordingly, it has initiated talks with SolarArise India Projects Pvt. Ltd. In the process the global private equity fund is signalling that it sees enormous opportunity in the emerging green economy in the country. Ostro Energy is among the energy platforms that Actis has created globally, following Globeleq Meso America ... Read More »

Madhya Pradesh woos global investors with mega solar project

According to reports, the world’s largest solar power plant, coming up in Madhya Pradesh, has caught the interest of clean energy companies from around the world. Twenty leading firms, including Italy’s Enel Green Power SpA, SoftBank-promoted SBG Cleantech Ltd, Canadian Solar Energy Holding, Singapore3 Pte Ltd and Green Infra Wind Power Project Ltd, promoted by Sembcorp Industries Ltd, have expressed interest. “The 20 firms will bid for three units of 250 megawatts (MW) each that make up the project in ... Read More »

12.88 lakh RECs traded in January: IEX

According to reports, power exchange IEX today said that a total of 12.88 lakh renewable energy certificates (RECs) were traded in January. “A total of 12.88 lakh RECs were traded in the REC trading session held on January 25, 2017 at IEX,” it said in a statement. Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions. RECs are aimed at providing ... Read More »

Orient Green Power enters into SPA

According to reports, Orient Green Power Company,  has entered into a Share Purchase Agreement with Sindicatum Captive Energy Singapore Pte., at a consideration of Rs 81 crore. The stock of the company in the last one year has fallen by 21.63%. Four Mutual Fund houses have invested in the stock of the company, which are Reliance, Edelweiss, Escorts and Sahara Mutual Fund. The company is the largest operator and developer of renewable energy power plants in India, which are based on ... Read More »

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