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    Ireda to give Rs 13,000 crore loans for renewable sources, including solar

    According to reports, Clean energy projects in the country can look forward to  loans to the tune of Rs 13,000 crore from Indian Renewable Energy Development Agency (Ireda) in the next financial year. With the government planning to add 15-16 GW of clean energy projects, including solar and wind, there would be total credit market size of around Rs 65,000 crore. According to Ireda Chairman K S Popli, Ireda would be able to release around Rs 8,000 crore for these clean energy ... Read More »

    Fortum India to add 250MW solar power capacity every year

    According to reports, Finnish state-run utility Fortum Oyj’s India unit, which last year drove down solar power tariff to a new low, will set up at least 250 megawatts (MW) of solar capacity in the country every year, managing director Sanjay Aggarwal said. The local unit of Fortum will also enter the waste-to-energy sector and launch charging stations for electric vehicles to gain a larger hold in India’s renewable energy sector, Aggarwal said. Exactly a year ago, Fortum said it ... Read More »

    Suzlon bags 50.4 MW order in Karnataka

    According to reports, wind turbine manufacturer Suzlon Group today said it has bagged an order of 50.4 MW to supply 24 units of its S111 turbines of 120 meters from a power producer for its project in Karnataka. Suzlon has won a repeat order from the firm for 24 units of S111 120 meter hybrid wind turbine, each with a rated capacity of 2.1 MW, the company said in a statement issued here. The company will execute the entire project ... Read More »

    Sembcorp’s renewable energy arm wins 250 MW wind power project in India

    According to reports, Energy and infrastructure company Sembcorp today said its renewable energy business has won a bid for a new wind power project with close to 250 Megwatt capacity. The company said Sembcorp Green Infra has received a letter of award for the project following India’s first national wind power tender conducted by Solar Energy Corporation of India. The project will be located in Tamil Nadu and connected to India’s central transmission utility. The project’s entire output will be sold ... Read More »

    ReNew Power plans IPO to raise up to $600 million

    According to reports, India’s largest clean energy producer ReNew Power is planning an initial public offering (IPO) of shares to raise up to $600 million after it closed the latest round of funding from Japan’s JERA, a joint venture between Tokyo Electric Co. and Chubu Electric Co that valued it at $2billion, said people directly aware of the plans. Investors such as Goldman Sachs, the largest shareholder in the company, Abu Dhabi Investment Authority, Asian Development Bank and Global Environment Fund ... Read More »

    Archimedes Green Energys to manufacture rooftop wind turbine

    According to reports, Archimedes Green Energys (P) Ltd is set to showcase a rooftop wind turbine at a renewable energy exposition to be hosted in the city later during the week. “The small wind turbine useful for small offices and homes will be manufactured in partnership with a Korean firm ESCO RTS and Dutch technology at Medchal near here,” Suryaprakash Gajjala, CEO of Archimedes Green Energys (P) Ltd, told BusinessLine. The product is an outcome of 20 years of research ... Read More »

    Solar power to light up remote Arunachal Pradesh villages

    According to reports, India will power close to 900 remote villages in Arunachal Pradesh bordering China using advanced off-grid renewable energy kits that will bring electricity to about 16,000 households, power minister Piyush Goyal said here. The government will later this week invite price bids from companies for the project which also involves installing more than 4,000 off-grid street lights. The falling cost of renewable energy makes this a better power supply option in far flung areas than laying transmission ... Read More »

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