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    Power minister Piyush Goyal announces 1,000 Megawatt wind energy auction scheme

    According to reports, in a major step to enhance India’s renewable energy capacity, power, coal, renewable energy and mines minister Piyush Goyal today announced a scheme for auction of wind power projects of 1,000 Megawatt (MW) capacity that will kick off soon. The announcement came following the two day conference of State Power Ministers here. “A major decision we came up with is to install another 1,000 MW wind bidding by the end of the month,” Goyal said. The ministry ... Read More »

    Govt signs MoAs to purchase 1,000 MW wind power

    According to reports, the government today announced signing of Memorandum of Agreements (MoAs) for purchase of 1,000 MW wind power under its first wind auction scheme. “MoAs for purchase of 1000 MW wind power under MNRE’s first wind auction scheme were signed here today between PTC India, the trading company, and discoms of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha and Assam,” Ministry of New and Renewable Energy (MNRE) said in a statement. The signing ceremony took place during the two-day ... Read More »

    Capacity additions in renewable energy on par with thermal power in 2016-17

    According to reports, for the first time in the country, capacity additions in the renewable energy sector were close to those of the thermal power segment in 2016-17. The renewable energy sector has ended 2016-17 with a record capacity addition of 11,320 MW, though it fell short of its target (16,660 MW) for the year. Capacity additions in thermal power segment stood at 11,551 MW during the fiscal. The fiscal 2016-17 witnessed many milestones in the clean energy segment – ... Read More »

    LM Wind Power likely set up third plant in India

    According to reports, barely a year after it commissioned its second manufacturing facility, in Vadodara, Gujarat, LM Wind Power, which makes blades for windmills, says it will need one more. The Danish wind blade major set up its first plant in India in Hosakote, Karnataka, back in 1991 – its first plant outside Denmark – but in set up another one in Dabaspet in the State and gradually shut down Hosakote. Now, between Dabaspet and Vadodara, LM has capacity to ... Read More »

    Brookfield Renewable Sees Opportunities in Coal-Fueled India

    According to reports, Brookfield Asset Management Inc., Canada’s largest alternative asset manager, will look for renewable energy opportunities in India as the country seeks to reduce its reliance on coal. “It’s looking for a way to create both domestic sources of power and reduce pollution,” Sachin Shah, chief executive officer of Brookfield Renewable Partners LP, said on a conference call Wednesday. “So you’ve got strong government support. All of that fits in with our thesis that it could be a ... Read More »

    IREDA to raise $300 million

    According to reports, The government’s principal clean energy financing arm, the Indian Renewable Energy Development Agency (IREDA) seeks to raise at least $150 million through Masala bonds. This issuance will have a Green shoe Option to retain over-subscription up to $150 million. In the request for proposal document, IREDA has invited bids for the appointment of Lead Managers for the proposed issue under Euro medium-term note (EMTN) Programme of $300 million for a tenor up to 5 years. The proceeds from ... Read More »

    Railways looking to access 10 MW through the day from Rewa Ultra Mega Solar project

    According to reports, the Indian Railways is working on an arrangement where it can use Rewa Ultra Mega Solar Ltd (RUMS) as a power bank so that it can access 10 mega watt solar power throughout the day. The solar power banking facility is being worked out to meet the traction requirement, or running trains, and the tariffs for the same are being negotiated. RUMS is a joint venture of Solar Energy Corporation of India and the Madhya Pradesh government. ... Read More »

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