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    US-based Evergreen Power in talks to raise $100 mn for India

    According to reports, US-based Evergreen Power is in talks with investors, including private equity, infrastructure funds and strategic investors, to raise up to $100 million in equity to ramp up its wind energy projects in India, its top executive told ET. The company wants to bring 280 megawatts (MW) of wind energy online in the next 12 months in the states of Tamil Nadu, Karnataka and Madhya Pradesh. Eventually, it aims to scale up wind energy production capacity to 1 gigawatts ... Read More »

    Renewable energy companies in Tamil Nadu in a spot

    According to reports, about 200 MW of wind and solar power plants in Tamil Nadu are in the danger of losing incentives because the State government has been unable to appoint a person to the post of Chief Electrical Inspector to Government (CEIG). Power projects set up in the State cannot begin to operate unless the CEIG gives the Safety Certificate. After V Jayavel superannuated from service on February 28, the post fell vacant. The problem wind and solar developers ... Read More »

    Govt frames solar scheme to promote powerloom sector

    According to reports, the government today said it has formulated a scheme to provide incentives and concessions to loom weavers to utilise solar energy to increase production. Minister of State for Textiles Ajay Tamta said that for the development of the powerloom sector, the government has formulated the Solar Energy Scheme. “The scheme will come into force from April 1,” he said in a written reply to the Lok Sabha. Under the scheme, the government will provide financial assistance and ... Read More »

    Telangana will shine bright with solar power: Power Minister

    According to reports, Minister for Power G Jagadish Reddy on Saturday slammed the Opposition for trying to malign the image of the government. The Opposition accused the government of not taking steps for increasing power generation. During the question hour in the Assembly, Jagadish Reddy strongly criticised the Opposition’s remarks and said that state had set a target to generate 2,000 MW solar power by December this year. He said the Telangana state, which holds second place with 1,300 MW after ... Read More »

    TEDA bids for 50 MW solar power

    According to reports, Tamil Nadu Energy Development Agency (TEDA), the State nodal agency for promoting renewable energy, is bidding in Tangedco’s tender for procuring 500 MW of solar power. TEDA has bid for 50 MW capacity in the tender at a price of ₹4.44 per kilo watt hour, making it the second highest in terms of capacity. Rays Power Infra Pvt. Ltd had bid for ₹4.40/kwh for setting up 100 MW capacity, which was the lowest bid against its benchmark ... Read More »

    Karnataka mulls competitive bidding for wind power

    According to reports, after the success of the recent central government-sponsored auction of wind power capacity, Karnataka is looking to do the same. Wind power companies have always sold energy at rates fixed by the respective State electricity regulatory commissions, and these feed-in tariffs have ruled around ₹4.50 a kWhr. Tamil Nadu, the windiest state, pays ₹4.16 a kWhr.However, in the country’s first tariff-based auctions, held last month, the market-determined tariffs slid to as low as ₹3.46 a kWhr. This ... Read More »

    First Solar may sell about 200MW of assets in India

    According to reports, American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said. First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems and has supplied solar panels worth over 17 gigawatts (GW), globally, according to the company’s website. “First Solar India has been contemplating to monetize its solar power assets of around 190-200 MW and they are ... Read More »

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