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India to Build First Offshore Wind Power Project

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According to reports, India’s federal government signed an agreement with state-run agencies to build the nation’s first offshore wind power project off the coast of Gujarat, Prime Minister Narendra Modi’s home state. The 100-megawatt project will receive financial support from the government, including for studies and environmental evaluations. Power transmission will also be subsidized, the Press Information Bureau said in a statement today. It didn’t give a time frame for when the studies and project will be completed. Modi plans ... Read More »

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

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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

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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 »

Nalco plans wind, solar power projects

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According to reports, the National Aluminium Company (Nalco) plans to set up a 100 mega watt (MW) wind power plant with an investment of Rs 660 crore. The company plans to set up the project shortly in India, said chairman-cum-managing director, Nalco, Ansuman Das on Saturday, addressing the 33rd annual general body meeting. The Navratna PSU is also planning to establish a solar power facility in the country. It is further contemplating setting up a 14 MW wind power unit ... Read More »

Andhra Pradesh to announce Solar, Wind policy soon

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According to reports, with a view to giving a focussed approach to renewable energy sources, the Andhra Pradesh Government will soon come out with a Solar and Wind Policy soon. This is expected to create a congenial atmosphere for better utilisation of solar and wind power. “The Government has pegged the wind power potential at 10,000 MW. The power utilities in the State will draw an action plan to tap this opportunity with the help of the Union Government,” K. ... Read More »

Suzlon Energy slumps nearly 37% in six sessions

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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 »

Andhra Pradesh mulls policy for wind power

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According to reports, with the AP government focusing on renewable sources of energy and planning massive increase in wind power capacity, the latest APERC order has not allowed a tariff hike as contested by developers. In fact, wind power generation has been riddled with issues like developers not maintaining separate accounts and showing very little plant load factor (PLF). To deal with such issues, the government is working out a separate wind power policy. Wind power developers too have shown ... Read More »

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