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GE unveils digital wind farms in power push

According to reports, US-based General Electric today rolled out digital wind farms (DWFs) that can boost power production by up to 20 per cent and help generate about USD 50 billion of value for the wind industry. To achieve that, according to company statement, the technology needs to be applied to all 50 gigawatts (GW) of wind mills being installed this year. “GE announced the launch of its Digital Wind Farm (DWF), a dynamic, connected and adaptable wind energy ecosystem ... Read More »

Inox well placed to ride the rally in wind sector; we see 20% upside in 1 year: BofA-ML

According to reports, BofA-ML, in its latest report, has initiated coverage on Inox Wind (IWL) with a buy rating and a target price of Rs 562, which translates into an upside of 20 per cent from Friday’s closing price of Rs 468.20 on the BSE. The global investment bank sees growth in India’s wind power sector at an inflection point, and forecasts 25% wind capacity CAGR in FY15-18. IWL will be a key beneficiary given its ability to provide turnkey ... Read More »

Suzlon gets order for 98 mw wind turbine from Mytrah Energy

According to reports, Suzlon Energy has bagged an order to supply wind turbines totalling 98 mw from Mytrah Energy, the companies said in a joint release. The order is part of the Business Partnership Agreement signed with Mytrah in May 2010 to purchase 1 GW of turbines from Suzlon Group. Suzlon will supply 47 wind turbine generators of 2.1 mw each for Mytrah Energy’s wind farm in Telangana. Ravi Kailas, chairman and chief executive officer, Mytrah Energy said, “We are ... Read More »

Current order book stands at over 1,400 mw: Inox Wind

According to reports, Inox Wind has posted a decent set of numbers in its fourth quarter with a 7 percent rise in its total income at Rs 930 crore as against Rs 869 crore year on year. Discussing the details, Devansh Jain, Director, Inox Wind, said the fourth quarter is typically focused on executing existing orders. The company’s current order book, bulk of which has been built over Q1 and Q2, stands at over 1,400 mw, Jain said. Below is ... Read More »

Techno Electric jumps after subsidiary sells wind power assets

According to reports, Techno Electric & Engineering Company rose 4.20% to Rs 406.80 at 13:07 IST on BSE after the company said its subsidiary sold wind power assets in Tamil Nadu for Rs 215 crore. The announcement was made during trading hours today, 14 May 2015. Techno Electric & Engineering Company announced that Simran Wind Project (SWPL), a 96.62% subsidiary of the company, has sold 44.45 megawatts (MW) wind power assets situated in Tamil Nadu at an effective valuation of ... Read More »

Suzlon gets turnkey project job from ReNew Power

According to reports, wind turbine maker Suzlon Group today said that it has got a new order for 90 megawatt (MW) turnkey project from its existing customer, ReNew Power. “The new order of 90 Mw from ReNew Power being a repeat order reaffirms industry’s faith in Suzlon’s product portfolio and service capabilities. Suzlon has commissioned 98.70 MW for ReNew Power so far and 100.80 MW is currently under execution in Rajasthan,” the company said in a statement. ReNew Power is ... Read More »

Enzen Global Solutions acquires wind turbine maker Luminous for Rs 12.6 cr

According to reports, Enzen Global Solutions, an energy-utility systems integrator and advisory, has acquired Pune-based wind turbine manufacturer Luminous Renewable Energy Solutions for about Rs 12.6 crore ($2 million), eyeing a huge potential market in India’s many villages that still do not have regular access to electricity. Luminous makes small wind and solar hybrid electricity systems, adopted from a USpatented technology that can be installed on roof tops as well as in irregular terrain such as coastal areas. This is ... Read More »

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