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Brookfield plans India move, looks at Mytrah, Leap Green

According to reports, NYSE-listed Brookfield Asset Management is taking its second bet on the Indian green energy sector and is evaluating a potential investment in companies such as Mytrah Energy Ltd and Leap Green Energy Pvt. Ltd. Brookfield Renewable Energy Partners, controlled by Brookfield Asset Management and with around $200 billion in assets, operates one of the largest publicly-traded green energy platforms globally with 7,300 megawatts (MW) of installed capacity. “Brookfield has been firming up its India plans and has ... Read More »

Vestas Wind Systems gets 40 MW order in India

According to reports, Danish wind turbine manufacturer Vestas Wind Systems said on Wednesday it had received a 40 megawatt turbine order for a wind project in India. The order was for 20 units of the V110-2.0 MW turbine for the Khambaliya Wind Farm project in India, Vestas said in a press release on its website. The contract includes delivery, installation and commissioning of the wind turbines, as well as a five year service agreement, Vestas said. Installation of the turbines ... Read More »

Suzlon commissions 6.25 MW-wind power project for National Stock Exchange

According to reports, wind turbine maker Suzlon today announced the completion of 6.25 MW wind power project for country’s leading bourse National Stock Exchange (NSE). Suzlon Group was the technical partner for supply and commissioning of the project. “National Stock Exchange of India Ltd (NSE) completed 6.25 MW wind power project… The project completion is a milestone achievement for NSE and Suzlon since it is India’s first Stock Exchange to deploy wind energy to off-set its captive power usage,” the ... Read More »

JP Morgan in talks to sell stake in Leap Green Energy for $200 million

According to reports, JP Morgan Asset Management Holdings Inc., the investment arm of JPMorgan Chase and Co., plans to sell half its stake in Chennai-based wind power company Leap Green Energy Pvt. Ltd, two people familiar with the transaction said. The deal could be in range of $200-225 million, they said, requesting anonymity. JP Morgan holds about a 75% stake in Leap Green Energy, acquired in tranches since 2010. Leap Green Energy, founded in 2006, is promoted by former Formula ... Read More »

GIC plans to buy assets of Greenko for Rs 1,650 crore

According to reports, Singapore’s sovereign wealth fund GIC plans to acquire the trading activities and assets of Hyderabad-based clean energy producer Greenko for about Rs 1,650 crore in one of the largest transactions in the Indian reneweable energy space. The fund, previously known as the Government of Singapore Investment, has signed non-binding agreement with the London-listed company to buy shares in its affiliated, firm Greenko Mauritius. The deal if completed would result in the sale of Greenko Mauritius’ assets and ... Read More »

Second wind

According to reports, India’s renewable energy journey, which had a humble start in the 1970s, has been nothing if not eventful. During these four decades, the country has covered many milestones and the sector has set its sight on a goal of 175 GW renewables-based electricity by 2022. Still, the sector faces several challenges, chief among are the conventional ones — power evacuation, power absorption, and land provision. Power evacuation, or lack of it, affects renewable energy power generation in ... Read More »

Getting wind energy to work in India

According to reports, India is the fifth largest producer and consumer of electricity after the US, China, Japan and Russia. But our per capita consumption (957 kWh) is among the lowest. China’s is 4,000 kWh, while in developed countries it is close to 15,000 kWh. India needs faster economic growth for improving quality of life and increasing opportunities for development. As of May, 19,706 villages did not have access to power and about 700 million people use biomass as their ... Read More »

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