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    India’s power minister says Energy Conservation to be top priority for government

    As Panchabuta has earlier mentioned, Dr. Manmohan Singh- Prime Minister-India has said that the Twelfth Five Year Plan will give energy efficiency and renewable energy special emphasis. The Plan will focus on specific initiatives needed to put our development on a path consistent with low carbon growth. Energy efficiency and exploitation of renewable energy sources will receive a special emphasis. Leading cleantech-clean energy investors in India including Raja Parthasarathy, Managing Director, IDFC PE, have often said that a unit of energy converved is ... Read More »

    Suzlon Energy to Acquire 100% of Repower Systems

    As Panchabuta has earlier said, Suzlon announced a very impressive record order book of $7.3bn equal to about 5000MW of Wind capacity last quarter. Suzlon in the last couple of months has been on a trail blazing order booking spree. Some of the significant wins have been covered by Panchabuta. A few days ago, Suzlon Energy announced plans to shortly start making REpower wind turbines at its plant near Mangalore. Further, the offshore wind business is set to take off in India and Suzlon ... Read More »

    Uttar Pradesh invites EOI for supply of 100MW of solar power to fulfill Renewable Purchase Obligation

    Panchabuta had mentioned in February that the Uttar Pradesh government would soon float bid document to attract private investment in the solar energy space. The government would invite bids from parties willing to supply energy below the tariff of Rs 4.70 per unit quoted by National Thermal Power Corporation (NTPC) for bundled power. According to UP Power Corporation Limited (UPPCL) the bulk supplier of power to its five state distribution companies in Uttar Pradesh, having an obligation to purchase solar energy for their distribution ... Read More »

    PLG Power 40MW Solar PV plant in Gujarat to be completed this financial year

    PLG power was one of the first companies to be alloted capacity by the Gujarat government under its state policy. As Panchabuta had mentioned last year, PLG was one of the companies shortlisted when the state of Gujarat announced that  Gujarat Urja Vikas Nigam Ltd had  finalized 17 PPAs for 235MW of generated Solar PV and Solar Thermal for 25 years in May last year. Since, the progress made by a lot of these developers have not been as expected ... Read More »

    Ganeshvani Merchandise to build 5MW solar power plant in Gujarat-consulting provided by Crisil Risk & Infrastructure Solutions

    Gujarat has released a state specific  solar policy with an ambitious target of installing 1,000 Mw solar power capacity by the end of 2012 and 3,000 Mw in next five years. The state has already signed PPAs for about 934MW. The tariffs have been fixed in the case of Gujarat. Bloomberg has reported earlier this month that delayed solar-power plants face fines as Gujarat sets precedent. A common complaint among various players in the ecosystem including EPC players, vendors, inverter manufacturers etc.,  is that ... Read More »

    meeco enters JV with Soma Enterprises and PV Energy to provide turnkey EPC for solar projects

    As Panchabuta has earlier reported, there have been international reports that have started saying that “India the top target for being the new Germany for Solar“. There have also been discussions about German firms coming up empty-handed in India in 2010 and Panchabuta has analyzed this in detail in an earlier essay. Recently, the meeco Group through meeco India Private Limited, will expand its offers of clean energy turnkey solutions, clean advisory services and cellcubeTM storage solutions, to this growing Indian solar market and will ... Read More »

    Japan Bank for International Cooperation signs $200mn loan with ICICI India to finance renewable energy, energy efficiency projects in India

    Panchabuta had mentioned in December last year that, Japan Bank for International Cooperation (JBIC) is looking at providing equity funding to private sector projects in India instead of debt support for public sector entities. The principal Japanese overseas funding agency is also shifting its focus on the Indian market from China following political tensions with its Asian neighbour. Earlier in February this year, Panchabuta had mentioned that the Japan Bank for International Cooperation (JBIC) that is looking at providing equity ... Read More »

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