Interesting and dynamic times for the energy markets. Wind energy back in the game with the last night reverse budding conducted for SECI Wind Tender. Leading developers like Mytrah, IDFC & Sembcorp backed Green Infra, Inox Wind, Actis backed Ostro & Adani all quoted Rs.3.46 per kWh for 250MW Wind Power… read more →
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India’s first reverse auction for wind power by state-run Solar Energy Corp. of India (SECI) on Thursday is likely to see aggressive bidding from wind power firms for the 1 gigawatt (GW) tender, according to companies and consultants. ReNew Power Ventures Pvt. Ltd, one of India’s largest independent… read more →
Suzlon Energy, an integrated wind energy solutions provider, last month announced that it now controls 10 gigawatts of operational wind energy capacity in India. This capacity gives Suzlon an overall share of 35% in India’s total wind energy capacity and 22% of India’s renewable energy capacity.… read more →
Chairman of Indian Wind Turbine Manufacturers’ Association is confident that wind power installations in India will cross the 5,000-MW-mark. The previous high was 3,472 MW of fresh capacity set up in 2015-16. The Association’s General Secretary, D V Giri, is a shade less optimistic. While 5,000… read more →
At a time when the demand for solar projects is dwindling, the Gujarat Energy Research and Management Institute (GERMI) is developing a hybrid technology using solar and wind energy to generate power. According to GERMI, this will not only improve land utilisation, but also reduce the cost of transmission… read more →
Wind installations in India are expected to cross 4000 MW this financial year ending March 31, says Indian Wind Turbine Manufacturer's Association (IWTMA). The states of Rajasthan, Gujarat, Karnataka and Andhra Pradesh were the major contributors in the total wind installations in 2016. Together they… read more →
Spanish wind turbine manufacturing company Gamesa has secured new orders to deliver 278MW of turbines at seven wind developments across India. These orders have been received from several customers in India and Gamesa has been commissioned to deploy a total of 139 G114-2.0MW and G97-2.0MW wind turbine… read more →
Castrol announced the creation of a joint venture with Romax Technology’s InSight business, a pioneer in predictive maintenance solutions. With over 30 years’ experience working in the wind sector, this deal will combine Castrol’s global reach and knowledge of wind turbine lubrication with Romax… read more →
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Japan’s JERA has picked up a 10 per cent stake in ReNew Power Ventures. The deal size is estimated to be $200 million, through subscription of newly issued shares. This investment — taking ReNew’s value to $2 billion (Rs 13,400 crore) — marks the entry of Japanese strategic investors in the… read more →
Sumant Sinha, the founder and chief executive officer of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd, is in talks to raise up to $100 million in promoter financing to increase his stake in the company ahead of a proposed share sale, said two people aware of the development.… read more →