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    General Atlantic PE to pick up minority stake in Chennai based Wind Turbine Manufacturer ReGen Powertech for $35Mn

    As Panchabuta had earlier in the week published in twitter, according to reports in the media, General Atlantic PE is  to pick up minority stake in Chennai based Wind Turbine Manufacturer ReGen Powertech for $35Mn. General Atlantic eyes stake in wind turbine co ReGen Private equity giant General Atlantic Partners is holding discussions to invest over Rs 150 crore, or at least $35 million, for a minority stake in wind turbine maker ReGen Powertech. The marque investor may subscribe to ... Read More »

    All 37 developers shortlisted in the first phase of National Solar Mission sign PPA totalling 620 MW

    Panchabuta was the first to report that the Solar PV and thermal developers were shortlisted for the first phase of the Solar Mission the day after the developers had to submit their revised bid to the government (NTPC Vidyut Vyapar Nigam Ltd. (NVVN) ) for the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM). The planned capacity of SolarPV is about 150MW and Solar Thermal about 470 MW for the first phase and the submission of RfP along ... Read More »

    Suzlon Group signs memorandum of understanding (MoU) with the Government of Gujarat -Develop 1,000 MW of new wind power capacity in three years

    Suzlon Group, the world’s third leading wind power company, announced a memorandum of understanding (MoU) with the Government of Gujarat to develop 1,000 megawatt (MW) of new wind power capacity in the state over the next three years. It is expected that the development could deliver investments of Rs. 6,000 crore (~USD 1.3 bn) in the state of Gujarat and will double Suzlon’s installations of 1,100 MW in Gujarat. The MoU covers the development of new capacity in windfarms across ... Read More »

    Solar and Renewable Energy Systems have tremendous potential in the Industrial Sector

    Shri Deepak Gupta, Secretary, Ministry of New & Renewable Energy has stated that while the industry is playing a major role for production of renewable energy equipments and major manufacturing capabilities have been built up, some of the Indian companies have also achieved global leadership in some of the renewable energy areas. While the industry is aggressively involved in the development of renewable energy particularly in wind power, bio-mass power, bagasse co-generation and small hydro power, some of the large ... Read More »

    Punj Lloyd Solar Power Limited signs Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd. (NVVN) for its 5 MW Solar PV project in Rajasthan under Jawaharlal Nehru National Solar Mission-India

    “Punj Lloyd Ltd has informed stock exchanges that Punj Lloyd Group, the diversified global engineering,procurement and construction conglomerate has signed a 25 year Power Purchase Agreement with NTPC Vidyut Vyapar Nigam Ltd (NVVN) for sale of power from a 5 MW PV based Solar Power plant to be built at Phalodi area of Jodhpur district in Rajasthan. This project is being set up as part of Jawaharlal Nehru National Solar Mission (JNNSM). This Solar power plant is being developed by ... Read More »

    Biomass startup AllGreen Energy raises Series A from Reliance Venture Asset Management and General Electric affiliate

    According to a report in the media today, Anil Ambani Group’s venture capital arm Reliance Venture Asset Management (RVAM) has forayed into the strategic cleantech sector and announced an investment in the biomass energy start-up AllGreen Energy. Along with an affiliate of General Electric (GE), RVAM has completed the Series A funding for the Bangalore- headquartered AllGreen Energy , a release issued here by RVAM said, adding this is the first investment by the fund in the strategic cleantech space ... Read More »

    Competitive Tariff Bidding in the First Phase of the National Solar Mission will lead to failed projects:K Subramanya, CEO, Tata BP Solar

    In  an interview to the Business Standard, K Subramanya, CEO, Tata BP Solar, shares his perspectives on how growth can be achieved in the renewable energy sector. How has Tata BP Solar been approaching this sector and what do you feel will be the road ahead? We have played a role in developing the Indian solar market over the last 20 years during the phase when only off-grid products such as solar lanterns and home lightings systems and solar street lights ... Read More »

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