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    Mytrah Energy, BITS Pilani to collaborate on R&D

    According to reports, independent power producer in the renewable energy space Mytrah Energy has entered into a memorandum of understanding with Birla Institute of Technological Sciences (BITS) Pilani, Hyderabad for collaborative R&D initiatives. The partnership will focus on areas of product development, research, technical support as well as training and development. The memorandum includes software and hardware development, faculty consultancy projects and fellowship for students working on the joint projects. As part of this collaboration, joint initiatives on big data ... Read More »

    Shareholders should reap benefits starting next year: Tulsi Tanti, CMD, Suzlon

    According to reports, Suzlon, the renewable energy company that suffered severe setbacks in the recent past forcing it to sell large global assets, is in a turnaround and predicts its growth to outpace the industry this year. The Indian multinational is investing in improving efficiencies and Chairman Tulsi Tanti tells ET that he expects shareholders to start reaping the benefits from next year. Edited excerpts: What is the progress of turnaround after suffering setbacks owing to ill-advised overseas expansions? The best ... Read More »

    Actis in talks to promote new renewable energy platform, after Ostro success

    According to reports, inspired by the success of its existing Indian renewable energy platform, Ostro Energy, global private equity fund Actis Llp now plans to promote another green energy platform. Accordingly, it has initiated talks with SolarArise India Projects Pvt. Ltd. In the process the global private equity fund is signalling that it sees enormous opportunity in the emerging green economy in the country. Ostro Energy is among the energy platforms that Actis has created globally, following Globeleq Meso America ... Read More »

    Madhya Pradesh woos global investors with mega solar project

    According to reports, the world’s largest solar power plant, coming up in Madhya Pradesh, has caught the interest of clean energy companies from around the world. Twenty leading firms, including Italy’s Enel Green Power SpA, SoftBank-promoted SBG Cleantech Ltd, Canadian Solar Energy Holding, Singapore3 Pte Ltd and Green Infra Wind Power Project Ltd, promoted by Sembcorp Industries Ltd, have expressed interest. “The 20 firms will bid for three units of 250 megawatts (MW) each that make up the project in ... Read More »

    ‘States need to align policy to meet renewable energy targets’

    According to reports, state governments need to align their policies to meet the country’s ambitious renewable energy targets, according to Rajeev Kapoor, Secretary, Ministry of New and Renewable Energy. Speaking at the award ceremony for good performance under the Off Grid clean energy programme, he said, “the mechanism for compliance of Renewable Purchase Obligations (RPO) needs to be strengthened. There is a need for standardised guidelines across States for renewable energy. While minor deviations can be there to suit the ... Read More »

    12.88 lakh RECs traded in January: IEX

    According to reports, power exchange IEX today said that a total of 12.88 lakh renewable energy certificates (RECs) were traded in January. “A total of 12.88 lakh RECs were traded in the REC trading session held on January 25, 2017 at IEX,” it said in a statement. Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under RPO mandated by central/state regulatory commissions. RECs are aimed at providing ... Read More »

    NEXTracker to invest $4-5 m to set up manufacturing facility

    According to reports, US-based solar tracker and energy storage giant NEXTracker will be setting up a 500 MW manufacturing facility in North India, according to top company representatives. Speaking to BusinessLine, Vice President, Emerging Markets, NEXTracker, Nava Akkeneni, said: “The project plan is in the final stages of completion. We envisage an investment of $4-5 million for the project.” The company will be making solar trackers for the domestic as well as export markets. These trackers are critical in solar ... Read More »

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