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Power Ministry Proposes Compensation For Grid Curtailment; Positive For Renewables

According to reports, The government has proposed a compensation mechanism for existing renewable energy projects, which will protect the cash flows to an extent from grid curtailments says India Ratings and Research. India Ratings believes that, if the proposal is adopted this will also ensure a favourable operational environment for renewable energy projects and will be positive for wind and solar energy developers. The absence of clarity on two possible reasons for grid curtailment – “low system demand” and “grid ... Read More »

Shell wants to build renewable energy portfolio in India

According to reports, Royal Dutch Shell is looking at opportunities in India to build its renewable energy portfolio, especially in light of the country’s renewable energy targets to be achieved over the next decade, according to Mark Gainsborough, executive vice- president, New Energies, Royal Dutch Shell. “India has a very ambitious target for the growth of the renewable sector,” Mr. Gainsborough told The Hindu during a clean energy forum organised by Shell during its ‘Make the Future Singapore’ event. “I ... Read More »

Hatsun Agro commissions 24 MW wind power plant

According to reports, aiming to use power from renewable energy for its business, private dairy firm Hatsun Agro Product today said it has commissioned wind power plants with 24 megawatt (MW) capacity in Tuticorin district in Tamil Nadu. Besides, the company is also likely to commission a solar power plant with 550 kilowatt (KW) capacity this month in Dindigul district in Tamil Nadu. The green energy projects will help Hatsun Agro meet 75 per cent of its power requirements. “The ... Read More »

Abraaj Cap, Engie to set up $1 bn wind power JV: Sources

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IT parks, schools, hospitals opt out of grid, embrace green energy for power

According to reports, from Infosys, SAP Labs to St Joseph’s College and Sri Sathya Sai Medical Hospital, big energy consumers are switching to renewable energy sources, primarily solar. There are many plus points of embracing green energy -reduces dependency on grid by 50%, saves revenue on fat electricity bills and cuts carbon footprint of a consumer. Solar uptake in Karnataka has helped the state achieve its target of 3% of solar consumption (1,600 MW) within three years of the launch ... Read More »

Wind sector shrugs off note ban, Q3 capacity addition up

According to reports, the wind power industry seems to have managed the effects of the demonetisation well, judging by the fact that the capacity additions in November and December have only risen — though not sharply — compared with performance in the corresponding months of last year. In the third quarter of the current financial year, India added wind capacity of 617.55 MW, compared with 711.93 MW in the corresponding period of last year. However, in the post-demonetisation months of ... Read More »

ACME appoints Harish Kapoor as Group President

ACME has brought on board Harish Kapoor to head and lead the Corporate Affairs as Group President-Corporate Affairs. He will be responsible for further strengthening ACME’s leadership position in the Indian Solar Industry and achieving its goal to develop 7500 Mega Watt (MW) of Renewable Energy Projects by 2019. He will report to Mr. Manoj Kumar Upadhyay, Founder & Chairman, ACME Group. He has over three decades of rich experience in the areas of relationship building and leading the Policy, ... Read More »

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