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Gamesa Wins 172 Megawatts of Wind-Turbine Orders in India

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According to reports, Gamesa Corp. (GAM) Tecnologica SA, Spain’s biggest wind-turbine maker, has won orders from five Indian wind farms to supply 172 megawatts of machines. The 86 turbines, to be made in India, will be delivered to projects in Madhya Pradesh, Gujarat, Karnataka, Rajasthan and Maharashtra states next year, the company said in an e-mailed statement. It didn’t disclose the buyers or value of the deals. India’s wind market is recovering from a downturn after the government restored a ... Read More »

Wind sector VC funding drops to $2.4 billion

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According to reports, corporate funding activity in the wind sector globally dropped to $2.4 billion in the third quarter of 2014 from $4 billion in the second quarter of the year, according to a report by global clean energy communications and consulting firm Mercom Capital Group. Wind venture capital (VC) funding came in at $140 million in one deal, compared to $48 million in four deals in last quarter. The only VC deal this quarter was India-based ReNew Power Ventures’ ... Read More »

ReGen Powertech launches made-for-India wind turbine

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According to reports, Chennai-based ReGen Powertech has come up with a made-for-India wind turbine with a capacity of 2.8 MW. The machine’s blades will sweep a circle of a diameter of 109 metres. The wind turbine has been developed by ReGen’s wholly-owned R&D subsidiary in Germany, Wind Direct GmbH, and the company intends to make the machine available for sale by the end of next year. A prototype of the turbine is currently undergoing testing at ReGen’s test site near ... Read More »

Greenko raises $125 mn investment from EIG

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According to reports, renewable energy company Greenko, through its subsidiary Greenko Mauritius, has secured commitment for $125-million investment from EIG Global Energy Partners, Washington D.C. The company, which trades on AIM market of London Stock Exchange, plans to deploy the proceeds from this recent investment to refinance the Standard Chartered facility of $70 million, due in January 2015 and support the development of renewable power projects in Greenko’s development portfolio of 2.2 GW dominated by hydro and wind assets. Anil ... Read More »

India will become another export hub for us: Gamesa chief

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According to reports, Spanish wind turbine company, Gamesa, is bullish on India’s wind energy sector. The 2.4-billion euro company expects to sell turbines adding up to 650 MW this year in India which is already its biggest market. In a recent interview with a group of visiting Indian journalists at the company’s headquarters in Pamplona, Spain, Gamesa’s Executive Chairman Ignacio Martin said that the local unit in India could not produce enough to meet domestic demand. Mr. Martin joined Gamesa ... Read More »

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 »

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