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CLP inaugurates 99 MW Theni Wind Farm

CLP Group that started its India innings by acquiring a stake in the 655 MW gas powered Gujarat Paguthan Energy Corporation (GPEC) in Bharuch, Gujarat in 2002 has since expanded to bring into operation two 50.4MW wind projects in Gujarat and  Maharashtra. CLP India, the largest foreign investor in the wind power sector in India, has entered into an agreement with Vestas Wind Technology India Pvt Ltd, the world’s largest wind turbine manufacturer, to develop this green-field project. The 99MW ... Read More »

India’s Carbon Credit Market to triple by 2012 to Rs 4000 Crore : CRISIL Research

A surge in renewable energy investments could drive a tripling of U.N.-backed carbon offsets issued to emission reduction projects in India by end-2012, a report said on Thursday. And a jump in issuance of carbon credits to renewable energy projects alone could be worth Rs 4,000 crore ($890 million) by end-2012, leading Indian research house CRISIL said in the study. The study said ambitious renewable energy policies will lead to greater wind and biomass investments and lure more project developers ... Read More »

Suzlon sees a down year for Wind

Suzlon Says European Companies Delay Turbine Orders May 12 (Bloomberg) — Suzlon Energy Ltd., India’s largest wind-turbine maker, said companies in Europe are postponing orders as the debt crisis makes it difficult to raise funds for renewable-energy projects. “A lot of projects are being deferred,” Chairman Tulsi Tanti said in an interview recorded with Bloomberg TV in Brussels yesterday. “Small and medium customers are heavily affected by the financial crisis,” he said without naming companies. “2010 will be a moderate ... Read More »

Finland’s Wartsila says it has no JV with Caparo Group

Suzlon was rumored to have been in advance talks with Caparo group to develop wind farms of 3000MW  of wind farms for them most of them in India. The report further mentioned that Caparo Energy was a joint venture company between Caparo and Wartsila (WRT1V.HE: Quote, Profile, Research). Wartsila has now denyed the report. Panchabuta had indicated that Suzlon was believed to have been in discussions recently with Wartsila to develop hybrid solutions to provide  infirm power to the grid. ... Read More »

Suzlon restructures FCCB, conversion price around Rs 100/sh

Suzlon restructures FCCB, conversion price around Rs 100/sh Wind-power company, Suzlon has restructured its foreign currency convertible bonds, sources told CNBC-TV18’s Pankaj Poddar. The conversion price is between Rs 95 and Rs 100 per share. CNBC-TV18 learns that the covenants have been relaxed for the entire tenure. Suzlon will pay 1% fees to bondholders for the waiver. Sources said the new price is likely to result in a dilution of 9.5% for the company. India’s largest wind turbine supplier has ... Read More »

Former President Sri. A P J Abdul Kalam commissions India’s first carbon fibre factory

Kalam commissions India’s first carbon fibre factory Vadodara, May 9 (PTI) India’s first carbon fibre manufacturing facility to produce light weight material for use in sectors as diverse as aerospace to infrastructure was commissioned here today. Former President A P J Abdul Kalam inaugurated the carbon fibre plant set up by Kemrock Industries at their sprawling premises on the outskirts of this bustling industrial township. The Rs 250 crore facility begins manufacture of carbon fibre under technology transfer from the ... Read More »

Offshore wind farm in India…when?

With the first offshore wind farm in the US getting approved off the coast of Massachusetts after a lot of opposition and legal challenges wonder if offshore wind farms will become a reality in India and if a policy for the same has been devised. First offshore US wind farm in Massachusetts 01 de mayo de 2010 AWEA applauds Secretary Salazar for approving the Cape Wind project. Such forward-thinking decisions are necessary for the U.S. to realize the many environmental ... Read More »

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