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Powerica to market Vestas wind turbines

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According to reports, in its new avatar in India, Danish wind turbine major Vestas has turned to its Indian customer, Powerica, for marketing. The pact with the Mumbai-based Cummins diesel genset manufacturer is close to finalisation, sources in the know say. Powerica will sell Vestas turbines in India and also take care of servicing the machines. Vestas will only make and sell the wind-power turbines. In September 2012, Vestas had said it would “scale down its sales efforts in India”, ... Read More »

Power sector reforms gridlocked

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According to reports, this July, Prime Minister Narendra Modi asked scientists from the Department of Atomic Energy (DAE) to make sure that India’s nuclear power capacity by 2024 is tripled from the present capacity of 5,780 MW. This was bolstered by a press statement issued by the Government saying the Prime Minister believed in clean and reliable sources of energy that could drive India’s energy strategy; given the scale of demand for power in India, nuclear energy could play a ... Read More »

‘Low-cost funds needed to scale renewable energy market’

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According to reports, innovative financing solutions is needed in order to scale India’s renewable energy markets and widespread job creation, according to an analysis by the Natural Resources Defence Council and the Council on energy, Environment and Water. Access to low-cost finance needs to be improved using diverse financial mechanisms such as infrastructure debt funds, priority sector lending and tax incentives. These may include accelerated depreciation and tradable tax certificates, says the analysis. Investor confidence may be enhanced by strict ... Read More »

UK shows interest in investing in renewable energy sector

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According to reports, the United Kingdom has evinced keenness in investing in renewable energy sector in the State. A delegation led by UK Secretary of State for Energy and Climate Change Edward Davey called on Chief Minister N. Chandrababu Naidu in Hyderabad on Wednesday and interacted with him about the potential for investments in the renewable energy sector. Expressing interest in clean and green energy sources, Mr. Davey said his country was interested in investing in solar and wind power ... Read More »

AIIMS challenge for solar expert

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According to reports, union health minister Harsh Vardhan has approached solar expert SP Gon Chowdhury to make the half-century-old All India Institute of Medical Sciences (AIIMS) campus in Delhi climate-responsive. In addition, Gon Chowdhury is also advising the ministry to ensure that the new AIIMS units proposed in different states — including West Bengal — become ‘green buildings’. Speaking to TOI, Gon Chowdhury—a pioneer in solar energy use in India—said he was delighted to head the unique initiative. “AIIMS is ... Read More »

India Court Dismisses Gujarat’s Appeal for Solar Rate Cut

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According to reports, an Indian court threw out an attempt by a government utility in Prime Minister Narendra Modi’s home state to backtrack on contracts by cutting the rate paid to solar plants for their power. India’s Appellate Tribunal for Electricity dismissed an appeal by Gujarat Urja Vikas Nigam Ltd. to reduce the solar-power tariff as “devoid of merits,” according to a copy of the judgment. That upholds an August 2013 decision by the Gujarat Electricity Regulatory Commission. “In effect, ... Read More »

Industry leaders to gather at Renewable Energy Expo

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The eighth edition of the Renewable Energy India Expo set to take place between September 3-5 will bring together industry leaders from all segments of renewable energy industry. The three day program, apart from being the largest renewable expo in the country is also likely to witness intense discussions and focus group meetings apart from workshops and panel discussions, the outcomes of which could play a significant role and provide valuable inputs and thoughts as India charts its renewable energy ... Read More »

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