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    Moser Baer plans to expand its capacity from 200MW in photo voltaic (PV) cells and 50 mw in thin films to 1GW in the next few years in Chennai

    Moser Baer  announced today that it plans to expand its capacity from 200MW  in photo voltaic (PV) cells and 50 MW in thin films to 1GW in the next few years in Chennai (Read more here). Mr. Deepak Puri, chairman and managing director has raised an interesting point about the financing of such projects that will play out to be a big challenge to a lot of first time developers and those without non-recourse  support to raise debt  for such ... Read More »

    Suzlon Energy Q4 loss at INR 1.88 Billion; COO Sumant Sinha quits to follow entrepreneurial interests

    Suzlon, had recently restructured its  FCCB (Foreign Currency Convertible Bonds)  at a conversion price of around Rs 100/sh. Since, they have gone on record stating that they expect this year to be a down year for wind, as companies in Europe are postponing orders, as the debt crisis makes it difficult to raise funds for renewable-energy projects. This is also primarily due to reluctance by developers to move on new wind projects amid diminished demand. Suzlon Energy has  reported a consolidated ... Read More »

    Indian Oil Corporation diversifies into Bio-Fuels and Wind; Commissions 21MW Wind Farm

    Indian Oil Corporation Ltd. (IndianOil) the nation’s largest corporate and its highest ranked Fortune ‘Global 500’ company reported its performance for the year 2009-10 a couple of days back. During the year 2009-10, in which the company celebrated its Golden Jubilee, IndianOil’s ranking improved from 116th to 105th in the prestigious Fortune Global 500 listing. The highlight has been a new vision that  was adopted by the Corporation with an aspiration to emerge as the Energy of India and realign ... Read More »

    Neyveli Lignite Corporation (NLC) plans diversifcation in Wind, solar: Plans 50MW Wind farm at Rs. 325 Crore and 25MW Solar Power Project

    Neyveli Lignite Corporation Limited, a “Mini Ratna” Public Sector Enterprise, under the administrative control of Ministry of Coal (MOC) is a pioneer among the public sector undertakings in Mine cum energy sector. The company has a cumulative capacity of 30.6 MTPA of lignite and 2490MW of installed capacity generation. In the latest announcement the company, has announced that it will diversify  into new areas of power production including projects based on renewable energy (wind power,  solar power and hydro power). ... Read More »

    Haryana government to tap solar power potential

    Haryana now seems to have jumped on to the solar bandwagon. The Haryana Power Generation Corporation Limited (HPGCL) has decided to tap the vast solar energy potential of the country by venturing into the field of solar power generation. Haryana govt to tap solar power potential The Haryana Power Generation Corporation Limited (HPGCL) has decided to tap the vast solar energy potential of the country by venturing into the field of solar power generation. ..Madhusudan Prasad, financial commissioner & principal ... Read More »

    MIC Electronics signs Rs66 Crore agreement to supply 330,000 Solar LED Lanterns to rural Bihar

    MIC Electronics started off as an  R&D driven  organization 23 years ago as an embedded technology company and deliver embedded product solutions. Since, the company has moved into LED Displays. MIC’s flagship product, the LED Video Displays has been widely used in public places and by the number of new OOH(Out of Home) media companies in theme parks, advertisements and public information displays in railways and airports. MIC Electronics has a long standing and special techno commercial relationship with Nichia ... Read More »

    First Climate to launch Euro 200MN clean energy fund to invest in India, China, SE Asia

    First Climate to launch 200 mln eur clean energy fund COLOGNE, May 27 (Reuters) – Carbon asset management firm First Climate plans to launch a 200 million euro ($245.6 million) equity fund to invest in clean energy projects in India, China and Southeast Asia, the firm said on Thursday. The Asia Clean Energy Fund is scheduled to launch in the third quarter with a target first soft close in the second quarter of 2011, First Climate said. The new fund ... Read More »

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