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    IIM–Tiruchi taps solar power

    According to reports, the Indian Institute of Management-Tiruchi plans to set up a 2 MW solar power plant on its new campus at Chinna Suriyur on Tiruchi-Pudukottai road. It will be installed at an estimate of Rs. 14.2 crore. The Rural Electrification Corporation Limited (REC), one of the navatrna enterprises of the Government of India, has agreed to fund the project as part of its Corporate Social Responsibility (CSR) initiative. A Memorandum of Understanding to that effect was signed between ... Read More »

    Tata Power becomes India’s largest renewable company with 3,060 MW operating capacity

    According to reports, integrated power company Tata Power Co Ltd today said the company has become the largest renewable energy company in India with its non-fossil operating capacity reaching 3,060 Megawatt. Tata Power said its non-fossil fuel portfolio comprises 693 MW hydro, 918 MW solar, 1,074 MW wind and 75 MW of waste gas-based generation. The company added that it the company has revised its share of non-fossil fuel based capacity up to 35-40 per cent by 2025. In FY16, ... Read More »

    Suzlon Energy gains after achieving 10,000 MW installed wind energy milestone

    According to reports, Suzlon Energy rose 2.96% to Rs 15.65 at 10:18 IST on BSE after the company said it achieved 10,000 megawatts installed wind energy milestone in India. The announcement was made after trading hours yesterday, 16 January 2017. Meanwhile, the BSE Sensex was up 13.96 points, or 0.05%, to 27,302.13. On the BSE, so far 44.04 lakh shares were traded in the counter, compared with average daily volumes of 41.76 lakh shares in the past one quarter. The ... Read More »

    Believing in India’s solar mission takes a leap of faith

    According to reports, the sun’s energy is free, but the capital required to harness it must earn a fair return. Try telling that to the gung-ho bidders for India’s utility-scale solar power projects. Auction prices will fall below Rs4 per kilowatt-hour this year, Bloomberg News reports. The record low 2016 bid was Rs4.34. A 60% drop since 2010 is partly a result of overcapacity in Chinese-made panels. But according to some industry insiders, at 6 cents per kilowatt-hour, the Indian ... Read More »

    Renewables infrastructure deals seen rising in 2017

    According to reports, deals in the infrastructure space are set to increase as companies put dozens of assets across roads and renewable energy sectors on sale, according to analysts and investment bankers. A number of such deals have either been announced or are in the due-diligence stage and will likely be completed in 2017. A number of infrastructure-focused funds and overseas pension funds have announced plans to invest in India’s roads and renewable energy projects. Also, while deals in the ... Read More »

    SECI’s 1GW wind power tender sees high interest

    According to reports, in what may help reduce wind energy tariffs in the country, the 1 gigawatt (GW) tender floated by state-run Solar Energy Corp. of India (SECI) has received 2.6 times the quantum of bids offered for the grid linked capacity. Experts say this may potentially bring down wind energy tariffs which currently ranges from Rs3.9 per unit to Rs5.9 per unit. “The industry is eagerly awaiting the outcome,” said a wind energy developer participating in the auction process, ... Read More »

    Suzlon, Gamesa achieve milestones in wind-power capacity installation

    According to reports, at the end of one year and the beginning of another, wind turbine manufacturers Suzlon and Gamesa have crossed certain milestones. Suzlon today said it had achieved 10,000 MW of wind power capacity installations in India. Gamesa, it is learnt, sold over 1,500 MW of turbines in calendar year 2016. Because a MW of capacity sells for ₹7 crore, Gamesa’s sales means that the company’s turnover in 2016 crossed the ₹10,000-crore mark. Suzlon has said in a ... Read More »

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