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    Greenko Group eyes Bhoruka Power’s clean energy portfolio

    According to reports, Greenko Group is looking to acquire hydro and wind power producer Bhoruka Power Corp. Ltd’s renewable energy portfolio of 310 megawatts (MW). L&T Infrastructure Finance Co. Ltd holds an equity stake worth Rs350 crore in Bhoruka Power, which currently operates 110MW of hydropower capacity, 170MW of wind capacity and 30MW of solar capacity in Karnataka, Rajasthan and Haryana, and is building a 200MW wind farm in Karnataka. This comes against the backdrop of Greenko Energies Pvt. Ltd, ... Read More »

    IIT Madras Solar Tech aims to go commercial

    According to reports, after taking electricity to remote villages in various corners of the country, IIT Madras is gearing up for a pan-India commercial launch of its solar-powered microgrid technology by this year-end. Microgrids are small power supply networks set up in remote villages, which obviate the massive investment needed to provide electricity to inaccessible and difficult terrains. This first-of-its-kind grid supplies direct current (DC), improves the energy efficiency of household appliances threefold, claimed its makers. The technology developed by ... Read More »

    Cochin International Airport Limited’s solar capacity increases by 6MW

    According to reports, the solar initiatives of Cochin International Airport Ltd (Cial) was a matter of pride for the entire nation, remarked chief minister Pinarayi Vijayan on Saturday after inaugurating the solar power expansion capacity of the airport. The power increment – from 15.5 MW to 21.5 MW – is attributed to the energy requirement of Cial’s new terminal (T3) and is expected to double the airport’s operational capacity. The new plants, to generate the additional 6MW, have been installed ... Read More »

    Tangedco buildings to be made green to reduce power usage

    According to reports, Tangedco would work closely with Indian Green Building Council (IGBC) in making their existing as well as upcoming offices as green buildings to reduce consumption of electricity, said a senior Tangedco official. Appreciating the efforts of IGBC at a workshop on ‘Building Efficiency Accelerator (BEA)’ in Coimbatore on Thursday, chief engineer of Tangedco, Coimbatore, T Haldorai said the greening of Tangedco offices would be taken up across the state. He said making every structure a green building ... Read More »

    Falling tariff fillip to solar power

    According to reports, with solar power tariffs expected to fall below the current average of Rs 3.30 per unit in the next fiscal, the generation capacity is expected to grow at a fast pace, as the government pushes for renewable energy sources to meet galloping demand. Solar power generation crossed 10,000 megawatts, more than three-fold jump in less than three years. “Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less ... Read More »

    Actis sets aside $500 million for renewable energy projects in India

    According to reports, private equity fund Actis Capital, which has just completed raising $2.75 billion, has earmarked $500 million for investing in India’s wind and solar projects, according to industry sources. Actis completed its fourth energy fund a couple of days back. It had targeted $2 billion, but ended up with $2.75 billion upon oversubscription. In a press release, Actis’s Partner and Co-head of energy business, Mikael Karlsson, notes that “as the leading growth market investor in the energy sector, ... Read More »

    India’s solar capacity grows over 3 folds to 10,000 Megawatt in three years

    According to reports, India’s solar power generation capacity has crossed 10,000 megawatt (MW), a more than three-time jump in less than three years as government pushes for renewable energy sources to meet galloping demand. The milestone came as NTPC Ltd, India’s largest power producer, commissioned a 45 MW solar power project at Bhadla in Jodhpur, Rajasthan. “Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less than 3 years,” Power, Coal, ... Read More »

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