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    Wind power has seen steady growth in India: Official

    According to reports, obscured somewhat by developments in the solar space, wind energy in India has experienced steady development in the last 7-8 years as the government plans a major ‘green corridor’ project to transport surplus renewable energy to deficient states, a top official has said. “In fact, wind has had a faster development.. one may call it steady development over the last 7-8 years. Many global leaders in the field have set up base in India,” New and Renewable ... Read More »

    Suzlon Energy hits 52-week high on heavy volumes post Q4 results

    According to reports, Suzlon Energy hit a 52-week high of Rs 22.25, up 8% on BSE in intra-day trade, after the company reported profit for the third quarter in a row. The company posted profit of Rs 427 crore in the quarter ended March 2017 (Q4FY17) as against net loss of Rs 141 crore during the same quarter of last fiscal year. Operational income of the company during the quarter under review grew 55% to Rs 4,993 crore as compared to ... Read More »

    NTPC’s auxiliary power may be sourced from domestic solar equipment

    According to reports, despite facing flak at the World Trade Organisation (WTO) for the domestic content requirement clause in the National Solar Mission, the government is still looking at means to aid the solar equipment manufacturing industry. Towards this end, the NTPC may be mandated to meet its entire auxiliary power requirement through domestically manufactured solar equipment, a top government official told BusinessLine. The US had dragged India to the WTO three years ago for the domestic content requirements under ... Read More »

    Work begins on India’s first green energy corridor project

    According to reports, India today conducted the ground-breaking ceremony for its first green energy corridor project with an ultra high-voltage direct current (UHVDC) link over 1,800km with the aim to bring power to 80 million people. The project by state-run Power Grid Corporation of India (PGCIL) is being executed by ABB Group in partnership with Bharat Heavy Electricals Limited (BHEL). “This link is a key element of integrating renewable energy with the main grid. It will integrate thermal and wind energy ... Read More »

    Green energy target tough to achieve, say officials

    According to reports, the government is unlikely to meet its much publicised target of 175 GW (gigawatt = 1,000 megawatt) of renewable energy by 2022 due to the poor progress of the rooftop solar programme, according to officials in the Ministry of New and Renewable Energy. The Ministry was considering increasing the contribution of other sources such as biogas and small hydro to make up the difference, they said. “You see, there are several issues with rooftop solar,” an official ... Read More »

    A tricky path to India’s solar-powered future

    According to reports, a new tariff war is playing out in the Indian solar power space. Tariffs plunged to a new low of Rs2.44 per kilowatt-hour (kWh) last week during an auction for 500 megawatt (MW) capacity at the Bhadla solar park in Rajasthan. Tariffs in the solar space have declined significantly over the years and have come down from levels in excess of Rs 10 per kWh at the beginning of this decade to the present record lows, as capacity ... Read More »

    Suzlon Energy swings back to profit; Posts Rs 543 crore PAT

    According to reports, wind turbine manufacturer and solar developer Suzlon Energy Ltd consolidated the turnaround it had shown in its December quarter by posting a profit after tax (PAT) of Rs 543 crore in 2016-17 against a loss of Rs 268 crore in 2015-16. In the March quarter, it had a profit of Rs 268 crore against a mere Rs 15 crore in the corresponding quarter a year ago. In the December 2016 quarter too, it had achieved a PAT ... Read More »

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