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  • Latest Renewable Energy News

    Renewable Energy developer Entegra announces plans to raise Rs.15bn

    Entegra claims to be a pioneer in the global arena with an integrated approach to Renewable Energy Development, Solutions, Products and Services harnessing resources such as Water, Wind, Sun and Earth. With a portfolio that spans the entire gamut of renewable energy solutions. Entegra is one of the first private sector companies to foray into hydro power development in India, way back in 1995, according to the company, though there is not much indication on the installed capacity to date. The ... Read More »

    RRB Energy Limited pursues expansion plan-to manufacture 1.8MW turbine-targets turnover of Rs. 35 billion in FY11-12

     As readers of Panchabuta are aware, India had 11,800 MW of wind power installed at the end of March 2010 according to the Indian Wind Energy Association, making it the world’s fifth largest wind power market. The  installation  in India being range bound  between 1470-1750MW  a year over the last five years and the installed capacity for 2009-10 was around 1565MW. This year the expected capacity is close to around 2200MW according to officials. According to research by RNCOS, favorable ... Read More »

    IFC and Gujarat Energy Research and Management Institute to design and structure a distributed-rooftop solar-power project

    IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries.  As Panchabuta had mentioned last month, IFC is planning to provide $50 Mn loan to PTC India Financial Services Ltd (PFS), which will be used for lending to companies and projects in the renewable energy space in India. IFC hasbacked a number of IPPs in India including Auro Mira Energy,  Husk Power Systems, Azure Power and Shalivahana Green ... Read More »

    Power Exchange India Ltd (PXIL) will start trading in Renewable Energy Certificates (RECs) from March 30,2011

    The Electricity Act 2003 (EA 2003) stimulated the development of RE based power generation by mandating State Electricity Regulatory Commissions (SERC) with the function of RE promotion within the State. Under EA 2003, the SERCs set targets for distribution companies to purchase certain percentage of their total power requirement from renewable energy sources. This target is termed as Renewable Purchase Obligation (RPO).  REC mechanism was -proposed to enable and recognize the inter-State RE transactions is critically required for further promotion and ... Read More »

    Power Finance Corporation to create wholly-owned subsidiary for the renewable energy sector-boost to National Solar Mission

    As Panchabuta had reported earlier,Power Finance Corporation (PFC) of India announced the formation of a  subsidiary to focus on renewable energy projects and their funding in November last year.  Power Trading Corporation( PTC) has entered into PPA with a number of biomass project developers including Clenergen for their 18MW biomass project and Lakshmi Energy and Foods (LEF) for their 30MW rice husk project in Punjab. As Panchabuta had mentioned last month, IFC is planning to provide $50 Mn loan to ... Read More »

    Hybrid Solar cell phone tower-success of India-US clean technology partnership-says Lael Brainard, US Under Secretary of Treasury for International Affairs

    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 »

    Chromatin licenses sorghum germplasm from Advanta- to enter Cleantech space

    Advanta is an India based global seed company that combines the benefits of agricultural biotechnology with the proprietary crop genetics and excellent breeding capabilities of the company to offer world class high quality seed products and solutions to the farmers in different parts of the world.  It markets a broad range grain and forage sorghum products throughout the Indian sub continent, Asia, Australia, Africa, Europe and Latin America. Advanta US has hybrid grain and forage sorghum research, production, conditioning and ... Read More »

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