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    Orient Green jumps on pact with IL&FS

    According to reports, Orient Green Power Company rose 3.68% to Rs 10.14 at 14:17 IST on BSE after the company extended exclusivity pact with IL&FS for merger of wind businesses. The announcement was made during trading hours today, 13 April 2017. Meanwhile, the S&P BSE Sensex was down 108.14 points, or 0.36% to 29,535.34. On the BSE, 1.11 lakh shares were traded in the counter so far, compared with average daily volumes of 1.38 lakh shares in the past one ... Read More »

    Govt should call for 5,000-6,000 MW tenders for wind power sector: IWTMA

    According to reports, rather than inviting competitive bids for 1,000 megawatt (MW) wind power projects, the Central government should call for 5,000-6,000 MW tenders to give a clear direction to the wind power sector, the Indian Wind Turbine Manufacturing Association (IWTMA) said. “The government wants everything to be procured through competitive bidding. We are for it. In their first initiative, they started with competitive bidding for 1,000 MW. But we feel that 1,000 MW is not enough… you come with ... Read More »

    GST, a big blow to clean energy financing

    According to reports, it was India’s carbon tax; it was thought to be a source of funding clean energy projects, to combat climate change. Now it is being thrown out of the window. In the last six years, government of India has collected around Rs. 54,000 crore by levying a cess on every tonne of coal mined or imported. When it was introduced in 2010 by the then finance minister, Pranab Mukherjee, it was Rs. 50 a tonne. It was ... Read More »

    Metro’s roof-top solar project gets registered with UN climate framework

    According to reports, the Delhi Metro’s initiative to install roof-top solar power plants at its premises has become the “first-ever” green project to be registered with a UN framework on climate change for any metro or railway system in the world. The clean development mechanism project has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) under the ‘small scale category’ for facilities with an installed solar capacity of less than 15 MW, the Delhi Metro Rail ... Read More »

    French company Solairedirect makes history, again

    According to reports, French company Solairedirect, which won the rights to put up 250 MW of solar plants and sell power to NTPC Ltd at a record-low tariff of Rs. 3.15 a kWhr in the auction process that concluded on Tuesday, has created history in India for the second time. On December 2, 2011, Solairedirect had hit the headlines by winning 5 MW of capacity rights by quoting a then record low tariff of Rs. 7.49 a kWhr – a ... Read More »

    Energy efficiency 2.0

    According to reports, the bygone financial year has left behind a trail of milestones —10 GW of solar installations, 30 GW of wind and 50 GW of all renewable energy (which includes small hydro and biomass). These milestones have been duly recognised and celebrated. However, there is one more, which has gone unnoticed. Towards the end of 2016-17, India had saved enough through its energy efficiency measures to free up 10 GW of capacity during peak hours — there is ... Read More »

    India may add 6,000 MW wind power capacity in FY’18: IWTMA

    According to reports,  India may add around 6,000 megawatts (MW) of wind power capacity in the ongoing fiscal, an industry body has said. “The government’s target (for the 2017-18) I think is 4,500 MW. We know that we have number of challenges in front of us, but we will try our best to give around 6,000 (MW) in the current financial year,” Indian Wind Turbine Manufacturing Association (IWTMA) Chairman Sarvesh Kumar said here. “Like last year, the target was 4,000 ... Read More »

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