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    Tamil Nadu wafts to new wind power high

    According to reports, State-run discom Tamil Nadu Generation and Distribution Corporation(Tangedco), on Tuesday evening touched an all-time high in wind power evacuation. Against an installed wind energy generation capacity of 8,300MW in TN, Tangedco evacuated 4,600MW. Total wind power consumption in the state on Tuesday was 99.46 million units. This is the highest wind energy evacuation and consumption since the state started installing windmills in the 1980s. Along with solar power, the state on Tuesday consumed 105 million units of renewable ... Read More »

    India to be first in world to run all government ports on green energy

    According to reports, all 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running on solar and wind energy. The government plans to install almost 200 megawatt solar and wind power generation capacity at the ports by 2019, officials said. Almost 150 mw of this will be solar power and 50 mw wind power generation capacity. The capacity could be ramped up to ... Read More »

    German wind-turbine major Enercon plans second coming into India

    According to reports, German wind turbine major Enercon is all set to ‘come back’ to India, this time on its own. Earlier, Enercon India was a joint venture with the Mumbai-based Mehra family, which ended up in the courts, with each partner accusing the other of wrongdoing. Even as the final word is yet to be said about the fate of Enercon India, since renamed Wind World (India) Ltd, Enercon GmbH plans to re-enter India. Many industry sources told BusinessLine ... Read More »

    States may auction under-construction wind power projects, further lowering tariffs

    According to reports, the disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase. In a report, Crisil said that under-construction projects, as part of the feed-in tariff (FiT) regime, may be put up for auction by the states to further lower tariffs. While these projects didn’t have a power purchase agreement, work had started on them on the basis of the licences awarded by ... Read More »

    Hitachi enters Indian solar market with CleanMax Solar

    According to reports, Japanese electronics and instrumentation major Hitachi High-Technologies Corporation has announced its entry into the Indian solar market, in collaboration with Mumbai-headquartered CleanMax Solar India. The two companies will “jointly offer high-end rooftop solar solutions to Japanese companies across India.” CleanMax Solar’s Managing Director, Kuldeep Jain, told BusinessLine today that the MoU is “the first step towards a long term partnership structure”. At this point in time, the two companies are operating on a “pre-agreed profit sharing model,” Jain ... Read More »

    Orient Green Power: Posts strong FY17 financials; Climbs over 3%

    According to reports, Orient Green Power stock marched over 3% on the first half of Thursday’s intraday trade on BSE at Rs 8.84 per share. The company reported its FY17 financials today which reported, Revenues higher by 13%, EBITDA grows 37% to Rs. 293 crore EBIT increases 15.5 times to Rs.125 crore EBITDA at Rs. 293 crore in FY17 The stock in today’s intraday trade attracted a trading volume of 1,64,976 shares and a traded value of Rs 14.90 lakhs on ... Read More »

    Chinese solar panels to face quality control barrier

    According to reports, the Centre is looking to restrict the influx of low-quality, cheap solar panels, a major component in the industry that is experiencing a fall in tariffs, from China. The government is designing standards for solar panels, which would also help it identify domestic and overseas suppliers. “We are looking at tighter quality control so that we get good quality equipments for our solar programme. There will be a process to maintain tighter standards to maintain efficiency,” said ... Read More »

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