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  • Latest Renewable Energy News

    Renewable regulatory fund to promote wind energy projects says Dr. Pramod Deo-Chairman, Central Electricity Regulatory Commission (CERC)

    According to reports, The government will create a corpus out of penalties paid by state-run power distribution utilities to promote wind energy projects of 10 MW or more capacity. The Central Electricity Regulatory Commission (CERC) has approved the fund, its chairman Pramod Deo said. The renewable regulatory fund would bear charges imposed on states hosting wind projects that fail to comply with their energy supply commitments to the electricity grid, he said. At presently, wind projects without power sale arrangements ... Read More »

    Solairedirect Energy India is in talks with the Gujarat government to set up a 20 MW plant at the Solar Energy Park in Kutch

    As Panchabuta had earlier reported, Solairedirect, France’s second largest solar power company, plans to raise around Rs 3 billion in rupee denominated loans over the next six months to fund its project target of roughly 25 mega watt (mw) of solar power projects in India in the financial year 2011-12. Thierry Lepercq, chairman of Solairedirect,had earlier said, “We are in talks with various banks in France such as Rabobank apart from a few private equity players to participate in the fund ... Read More »

    International Finance Corporation (IFC) to invest $30mn in Andhra Pradesh-based Shalivahana Green Energy

    According to reports, the International Finance Corporation (IFC) has announced corporate equity financing of up to $15 million (around Rs 69 crore) to Andhra Pradesh-based Shalivahana Green Energy Limited (SGEL), a privately owned entity producing power based on biomass. The fund would be used by the company for its projects. IFC would also provide up to $15 million in project debt financing to Rake Power Ltd (RPL), a fully owned subsidiary of SGEM, for its 2×23 Mw biomass project. The ... Read More »

    Hind High Vacuum Solar aims to reach 500MW production in the next five years

    HHV Solar  is a subsidiary company of Hind High Vacuum Private Limited (HHV). HHV is a 45-year- old multi-technology company, which started its operations in the year 1965. It focuses on activities like R & D and manufacturing, with highly developed process know-how in both vacuum and solar technology. HHV offers a complete production line of reliable turnkey equipments for the production of a-Si solar PV module with semi automatic and fully automatic options. HHV Solar offers technologically advanced Crystalline ... Read More »

    Abu Dhabi Investment Company to set apart $1 billion for India-target power and renewable energy

    As Panchabuta has earlier discussed, most of the fund-raising in Renewable Energy and Cleantech in India is happening in mega project developments.  There again, there are two different trends that are emerging. One is the funding of green power developers like Orient Green Power Limited, AuroMira Energy etc. There are also domain specific IPP’s emerging like Azure Power in Solar, Wind farm IPP developers like Caparo Energy and a number of Small Hydro focused developers. Panchabuta has talked about this trend in detail ... Read More »

    Ministry of Renewable energy plans to seek rollback of excise duty on imported silicon wafers

    As Panchabuta has reported a couple of months back, the U.S. was aggressively trying to push  India to lift solar import restrictions on Jawaharlal Nehru National Solar Mission. The mandatory use of domestic content for utility scale grid connected solar power  is a topic that has witnessed a lot of debate and there have been strong views on both for and against the same sometimes from two group companies each on one side of the same corporate house like Tata BP Solar for ... Read More »

    Rs 3.6 billion allocated for Jawaharlal Nehru National Solar Mission by Ministry of New and Renewable Energy during 2010-11

    Government has launched the Jawaharlal Nehru National Solar Mission to encourage large scale use of solar energy technologies in the country. Government has approved a target to set up 1,100 MW grid connected solar plants, including 100 MW capacity plants as rooftop and other small solar power for the first phase of the Mission till March 2013. In addition, a target of 200 MW capacity equivalent off-grid solar applications and 7 million square meter solar thermal collector area were also ... Read More »

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