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CLP inaugurates 99 MW Theni Wind Farm

CLP Group that started its India innings by acquiring a stake in the 655 MW gas powered Gujarat Paguthan Energy Corporation (GPEC) in Bharuch, Gujarat in 2002 has since expanded to bring into operation two 50.4MW wind projects in Gujarat and  Maharashtra. CLP India, the largest foreign investor in the wind power sector in India, has entered into an agreement with Vestas Wind Technology India Pvt Ltd, the world’s largest wind turbine manufacturer, to develop this green-field project. The 99MW ... Read More »

India’s Carbon Credit Market to triple by 2012 to Rs 4000 Crore : CRISIL Research

A surge in renewable energy investments could drive a tripling of U.N.-backed carbon offsets issued to emission reduction projects in India by end-2012, a report said on Thursday. And a jump in issuance of carbon credits to renewable energy projects alone could be worth Rs 4,000 crore ($890 million) by end-2012, leading Indian research house CRISIL said in the study. The study said ambitious renewable energy policies will lead to greater wind and biomass investments and lure more project developers ... Read More »

Indian Weather Market Could See Dramatic Growth : Agriculture, Renewable Energy, Travel to benefit

INDIAN WEATHER MARKET COULD SEE DRAMATIC GROWTH, SAYS WEATHER RISK MANAGEMENT ASSOCIATION The Weather Risk Management Association (WRMA) released an industry survey of the Indian Weather Market today at its 12th Annual Meeting in Miami, Florida. The survey finds that the Indian weather risk management market could see major growth in several sectors with a total potential notional value of US$2.35-billion (Rs. 105-billion) over the next two to three years. The survey was conducted for WRMA by Weather Risk Management ... Read More »

Suzlon sees a down year for Wind

Suzlon Says European Companies Delay Turbine Orders May 12 (Bloomberg) — Suzlon Energy Ltd., India’s largest wind-turbine maker, said companies in Europe are postponing orders as the debt crisis makes it difficult to raise funds for renewable-energy projects. “A lot of projects are being deferred,” Chairman Tulsi Tanti said in an interview recorded with Bloomberg TV in Brussels yesterday. “Small and medium customers are heavily affected by the financial crisis,” he said without naming companies. “2010 will be a moderate ... Read More »

Finland’s Wartsila says it has no JV with Caparo Group

Suzlon was rumored to have been in advance talks with Caparo group to develop wind farms of 3000MW  of wind farms for them most of them in India. The report further mentioned that Caparo Energy was a joint venture company between Caparo and Wartsila (WRT1V.HE: Quote, Profile, Research). Wartsila has now denyed the report. Panchabuta had indicated that Suzlon was believed to have been in discussions recently with Wartsila to develop hybrid solutions to provide  infirm power to the grid. ... Read More »

Suzlon second after Google to use clean energy to power its IT server

According to an article in The Indian Express, Suzlon Group, the wind energy major, has become the second company globally after Google Inc to power its IT server using renewable energy. Out of the 150 KW that it produces out of the wind turbine, solar and photovoltaic panels at the global headquarters of Suzlon Group at Hadapsar here, 30 per cent is used to power its IT server. Suzlon second after Google to use clean energy to power its IT ... Read More »

Suzlon restructures FCCB, conversion price around Rs 100/sh

Suzlon restructures FCCB, conversion price around Rs 100/sh Wind-power company, Suzlon has restructured its foreign currency convertible bonds, sources told CNBC-TV18’s Pankaj Poddar. The conversion price is between Rs 95 and Rs 100 per share. CNBC-TV18 learns that the covenants have been relaxed for the entire tenure. Suzlon will pay 1% fees to bondholders for the waiver. Sources said the new price is likely to result in a dilution of 9.5% for the company. India’s largest wind turbine supplier has ... Read More »

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