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    Scale economics drive smaller firms to the margins in solar power

    According to reports, solar power, which once fostered small enterprises, is transforming into a scale-based opportunity. As tariffs hit record lows crimping returns, smaller firms are either scaling down or selling out. Vinay Rustagi, managing director of Bridge to India, a consulting firm, sums it up pithily: “There are many companies which became active in solar project development three-five years ago and have slowly decided to exit or slow this business because of the scale factor (mainly difficulties in raising ... Read More »

    Aditya Birla Group, Lotus Renewables to launch $100m clean energy fund

    According to reports, Aditya Birla Group along with Lotus Renewables is set to launch a $100 million Global Clean Energy Fund targeted at developing countries in Asia, including India, as well as Australia. “Currently we are looking Asia and Australia as a market to start with . We have identified markets like India , Srilanka , Australia , Indonesia , Thailand , Philippines , Vietnam etc,” K Gowri Shankar, Director, Lotus Renewables told DEALSTREETASIA. The Global Clean Energy Fund, which will be managed ... Read More »

    Madurai Corporation to promote solar energy in a big way

    According to reports, the civic body that has installed 44 kW capacity solar panels atop the roof of Anna Maaligai, its office, at a cost of Rs 55 lakh in 2016, a first-of-its-kind in Tamil Nadu, is reaping the benefits now handsomely. In the last 10 months, its power bill has come down steeply. Every month, the Corporation saved almost 50 % in power bill as each kW capacity of solar panel generated 3 to 4 units of electricity, said ... Read More »

    BEML inaugurates 200 KW rooftop solar project in Mysore

    According to reports, State-run BEML today announced inauguration of a 200 KW grid-connected rooftop solar project in Mysore. “With the installation and commissioning of the rooftop solar project, BEML inches towards achieving the target of utilising 100 per cent renewable energy for captive consumption,” the company said in a statement. As part of its renewable energy drive, BEML had set up a 5 mw windmill project in Karnataka which is generating power since 2007. In addition, it also set up ... Read More »

    Bangalore-based energy start-ups shine in Shell’s Accelerator India 2017

    According to reports, Bengaluru-based start-ups feature prominently in Shell’s #makethefuture Accelerator India 2017. Carbon Masters India (Bangalore), Graviky Labs (Bangalore) and Smart Joules (New Delhi) are the top three shortlisted finalists. The national level competition received over 50 bright energy start-ups and they were were evaluated by a jury comprising senior leaders from Shell on parameters such as innovation, sustainability, disruptive nature of entry and impact to India. The shortlisted finalists are: Carbon Masters India (Bangalore) – Builds a lower ... Read More »

    ABB India crosses 4.5 GW mark with over 2,000 wind power generators

    According to reports, in an important milestone for India’s journey towards 24×7 power for all based on green energy, ABB India on Thursday said it has surpassed the 4.5GW mark with the delivery of over 2,000 wind power generators across the country. Currently, India has installed capacity of 28 GW of wind-generated electricity. Around 10 percent of this was installed in 2015. Several policy and regulatory incentives are spurring growth in the sector. The Narendra Modi-led government has set ambitious ... Read More »

    Exploring Acquisitions in Renewable Energy : Tata Power

    According to reports, with an installed capacity of over 10,500 MW, a non fossil fuel capacity of 3,060 MW and an aim to increase capacity up to 20,000 MW by 2025, Tata Power Limited, the country’s leading Independent Power Producer has a lot on its plate. After its several acquisitions, including the renewable portfolio of Welspun, it continues to hunt within and outside the country for business opportunities. In an interaction with BusinessLine, Anil Sardana, MD & CEO, Tata Power ... Read More »

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