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    ADB loan of $208mn for ‘Himachal Pradesh Clean Energy Development Investment Program’

    The Government of India yesterday signed a loan agreement with the Asian Development Bank (ADB) for $208 million for Tranche 3 of this Investment programme titled ‘Himachal Pradesh Clean Energy Development Investment Program’. This Facility is for a series of loans to provide funding for four run-of-river hydropower projects totaling 856 MW in Himachal Pradesh, for an amount of $ 800 Million from ADB. This particular loan provides partial funding for stages II & III of the Integrated Kashang Hydroelectric Project ... Read More »

    Consolidation likely in renewable energy sector in India: E&Y

    In  this interview with CNBC-TV18, Sanjay Chakrabarti, Partner and National Leader – Cleantech, E&Y gave his views on the renewable energy sector in India and his thoughts on Suzlon being on the block. Q: The first question that I want to put to you is about the overall macro environment for the renewable energy, the clean energy sector? Should people sort of look at this story as one of an exit by a company which has seen the overall environment ... Read More »

    Suzlon wins 18.55MW order from Sterling Argo for its projects in Karnataka and Madhya Pradesh

    According to reports in the media, Sterling Agro Industries has placed an order with Suzlon to buy wind energy equipment that will raise its renewable energy production capacity to 18.55 mega watt (MW). “Encouraged by the experience of our recently commissioned wind power project, we have again trusted the expertise of Suzlon for the new project,” Kuldeep Saluja, managing director of Sterling Agro Industries, said in a statement. Suzlon, India’s largest wind turbine manufacturer, has also supplied equipment to Sterling ... Read More »

    Gujarat to have Asia’s first tidal power plant-50MW project to be developed by UK based Atlantis Resources Corporation

    Atlantis Resources Corporation is an international developer of tidal current turbines with offices in United Kingdom, Singapore and Australia.  Atlantis is an ‘end to end’ marine power project Company offering the tidal turbine technologies and resource assessment services to utilities and power companies worldwide. Indian State of Gujarat has approved a 50MW tidal power project to be constructed in the Gulf of Kutch. The MoU was signed as part of the Vibrant Gujarat Summit 2011 and a total of 250MW ... Read More »

    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 »

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