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    TN wind power tariff Rs 3.42|unit, lowest in country

    According to reports, the cost of wind power in Tamil Nadu has fallen to `3.42 per unit, the lowest in the country . The price now is 4 paise lower than that quoted in the Union renewable power ministry’s wind power tender bid. On Monday , when the wind power price bids were opened, Tangedco found ReGen Power Tech Company had bid `3.42 per unit for a capacity of 200MW . “Wind power companies had gone to court on the ... Read More »

    ABB India Reaches 5 Gigawatt Milestone For Solar Inverters

    According to reports, ABB India has surpassed the 5 GW milestone for the supply of solar inverters in India. From schools to airports, canal tops and mega solar plants, ABB’s solar inverters with global technology made In India power various solar Installations across the country. As per market reports, India is set to become the third largest solar market in the world in 2017, expected to touch about 5 percent of the global solar capacity and ABB India is ready to support ... Read More »

    Mitsui set to pick up stake in OMC Power

    According to reports, in perhaps the first such deal in India’s mini-grid space, Japan’s Mitsui and Co. will acquire a stake in OMC Power Pvt. Ltd, two people aware of the development said. The 1 billion Japanese yen (about Rs59 crore) investment is also a first by one of Japan’s largest companies in India’s renewable energy sector. Mint couldn’t ascertain the size of Mitsui’s stake in OMC. Mitsui has been present in India in sectors such as steel, agri-processing and pharma. ... Read More »

    India’s dodgy record on contracts risks turning away investors

    According to reports, falling renewable energy tariffs in India have prompted some state governments to tell generators that they can’t buy the energy at prices agreed upon, exposing the businesses to risks due to poor enforcement of contracts in Asia’s third-largest economy. Investors panicked earlier this year when the southern states of Andhra Pradesh and Karnataka, which account for a quarter of the country’s wind installations, backtracked on many purchase agreements to lower prices. Reason: cost per unit of power ... Read More »

    Centre’s must-run path at odds with Madhya Pradesh’s price out strategy

    According to reports, the Centre and states are working at cross-purposes in the renewable energy sector. Close on the heels of a move by states such as Rajasthan and Tamil Nadu to stonewall solar and wind power generation by randomly-issued backing down instructions, Madhya Pradesh’s electricity regulatory commission has now floated a proposal that would, in essence, take away the “must run” status of renewable energy and subject it to “merit order dispatch” by the state grid operator. The move ... Read More »

    Adani order puts wind in Inox sails

    According to reports, Inox Wind Ltd, one of India’s largest wind power equipment makers, has won an order to supply wind turbine generators to a unit of Adani Group for its 100-MW project in Kutch, Gujarat, helping the company stay afloat in a difficult market. The order involves supply of 50 units of 2MW wind turbine generators of 120 meters hub height and 113 rotor diameter over the next six-nine months, Inox Wind said in an announcement to the exchanges. Inox ... Read More »

    The sleeping giant is waking up

    According to reports, Bhoo Thirumalai, the Chief Executive Officer of Aspiration Energy and a solar aficionado, is a busy man these days. For years, the man who co-founded the successful IT company had been trying to rev it up with limited success. But suddenly things seem to be falling in place. In the last seven years, Aspiration has done about 20 solar installations, which add up to 2.5 MW. And now, there is so much business on hand, that Thirumalai ... Read More »

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