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    Abengoa signs agreement with Bharat Heavy Electricals Limited to develop Concentrating Solar Power projects in India

    Abengoa (MCE: ABG), an international company that applies innovative technology solutions to sustainable development in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste, has signed an agreement with Bharat Heavy Electricals Limited (BHEL) and formalized a strategic partnership to jointly undertake Concentrating Solar Power (CSP) projects in India. This agreement is wide-ranging, covering joint supply and implementation of CSP plants through EPC contracts (Engineering, Procurement and Construction). It also ... Read More »

    Solar could take off in India in the next year:Jigar Shah:CEO-The Carbon War Room

    As Panchabuta has often mentioned and believes, Solar in India is at a very interesting stage. 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 ... Read More »

    Microtelecom Solar powered towers to provide mobile coverage to billions of people in rural areas

    As regular readers of Panchabuta know,we have often talked about the huge potential that off-grid solar offers. We believe that big potential exists in the Telecom infrastructure, Railways, Defence sector apart from numerous domestic and industrial applications in the low and medium temperature solar collectors. The department of telecom (DoT) plans to provide subsidies and incentives to operators using renewable energy. Some of the incentives include 30 per cent subsidy on the total cost of making 200 towers eco-friendly in ... Read More »

    Foreign Direct Investment (FDI)-Renewable Energy-India witnesses 105% rise in 2010:India attractiveness survery by Ernst & Young

    As Panchabuta has earlier indicated, the government had said in November last year that Foreign Direct Investment (FDI) in renewable energy sector has shown an upward trend and investment in the sector in 2009-10 has been very attractive. During 2006-07, 2007-08, 2008-09 and 2009-10, the investment into the sector was USD 2.11 million, USD 43.15 million, USD 85.27 million and USD 497.91 million respectively. According to a recent study on India attractiveness survey by Ernst&Young  Foreign Direct Investment (FDI) in Renewable Energy in ... Read More »

    Kiran Energy- Solar Developer raises about $30mn in Private Equity-200MW capacity in three years

    According to this report, Kiran Energy–a Mumbai-based solar power company founded by Ardeshir Contractor, formerly  head of KPMG’s Investment Banking business in India, and Alan Rosling, a former Executive Director of Tata Sons–is said to have received a  funding of about $30 million from three prominent private equity players New Silk Route, Bessemer Ventures and Argonaut Ventures for a majority stake. According to the report, when contacted, Alan Rosling, founder and Chairman of Kiran Enery, confirmed the fundraise but declined ... Read More »

    Epoch Power Group introduces new fast-charging Lithium Composite Phosphate (LCP) battery technology in India for Electric Vehicle (EV)

    Epoch Power Group is a wholly owned subsidiary of Epoch Capital Group LLC, a private equity firm that focuses heavily on the renewable energy space. Epoch has established itself as a premier firm specializing in the acquisition and development of projects and technologies that directly contribute to setting standards in their respective industries. In addition to electric vehicle technologies, Epoch is also currently developing Biomass and Solar projects in North America, Europe, and Asia. Epoch Power Group, a global developer ... Read More »

    Inox Wind – India places $9 Million Follow-on Order for Wind Turbine Electrical Control Systems with American Superconductor Corporation (AMSC)

    American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, today announced that it has received a $9 million follow-on order for the supply of wind turbine electrical control systems from Inox Wind Limited (IWL), part of India’s Inox Group of Companies. In August of 2010, Inox placed an initial order for 17 of AMSC’s wind turbine electrical control systems, which, as the “brains” of the wind turbine, monitor and control its operation and the flow of zero-emission electricity to ... Read More »

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