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    Turbine companies to see how the wind blows

    According to reports, as the Union government added a chunky 1,000 MW of capacity to the wind power market through the auction held last month, the fight for a share is playing out like a ball of meat tossed into a crocodile pond. Four companies — Sembcorp, Ostro, Mytrah and Inox — won mandates to set up 250 MW each and sell power to the public sector Power Trading Corporation, at a record low tariff of ₹3.46 a kWhr, in the ... Read More »

    Renewable energy firm Bhoruka Power in talks to raise $120m

    According to reports, Hydro and wind power producer Bhoruka Power Corp. Ltd is looking to raise about $120 million in equity investment and use the money to increase renewable energy capacity to 1 gigawatt (GW) by 2020, said managing director S. Chandrasekhar. Bengaluru-based Bhoruka Power, which currently has 310MW of hydro, wind and solar power capacity, has hired an investment bank, and negotiations with potential investors are at an advanced stage, Chandrasekhar said over the phone on Tuesday. He declined to ... Read More »

    SunEdison to sell stakes in TerraForm yielcos to Canada’s Brookfield

    According to reports, SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51%, acquiring the additional shares at $11.46 each, according to a statement on Tuesday. That would give the yieldco a market value of $1.7 billion. The ... Read More »

    NTPC commissions 45 MW capacity at Rajasthan solar project

    According to reports, State-run power giant NTPC today announced commissioning of 45 MW solar capacity at Bhadla in Rajasthan taking the total installed capacity of the project to 160 MW. “The 45 MW of Bhadla solar power project of NTPC in Rajasthan has been commissioned today. With this, the installed capacity of Bhadla solar power project has become 160 MW and that of NTPC’s solar power projects has become 520 MW,” a senior official said. Last month, NTPC had commissioned ... Read More »

    Solar power plant to be installed at Shimla Town Hall building

    According to reports, Shimla Municipal Corporation’s (SMC) office will install solar power plants in the town in which one will be installed on the rooftop of iconic 109-year-old Town Hall building of British era, located at the Mall Road, Shimla, where SMC will be housed again by March end. Monetary help for the plants will be provided by Asian Development Bank. The original office of SMC used to be in the Town Hall building which was shifted temporarily to a ... Read More »

    More green energy shrinks transmission projects’ timeline

    According to reports, in less than a year, the country’s renewable energy capacity has grown 29 per cent, to 50 gigawatt (Gw). Expansion here and the focus on developing wind and solar power is also shrinking the time frame to set up related transmission networks. At present, thermal power contributes 69 per cent to India’s total installed capacity.  As the country planned capacity additions in the thermal and hydropower segment, it also allowed transmission companies a longer time frame. This ... Read More »

    Inox Group sells operating wind farms to Leap Green Energy

    According to reports, Inox Group firms have entered into agreements to sell their operating wind farms to Leap Green Energy and its subsidiaries, on a slump sale basis, for an undisclosed amount. “Inox Renewables (IRL), a wholly owned subsidiary of Gujarat Fluorochemicals and Inox Renewables(Jaisalmer) (IRJL), a wholly-owned subsidiary of IRL, both a part of Inox Group, entered into definitive agreements for sale of substantially all of their operating wind farms to Leap Green Energy (LGE) and its subsidiaries, on ... Read More »

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