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Latest Wind Energy News, Updates & Insights - from EAI

Latest Wind Energy News, Updates & Insights - from EAI

 

Suzlon to Sell SE Forge, Other Assets

Tulsi Tanti-led Suzlon Group plans to raise Rs 2,500 crore by selling its Vadodra-based forging unit, SE Forge, and other assets, as the world's fifth largest wind turbine maker looks to reduce its debt. Suzlon, which has hired SBI Capital Markets to find buyers for its assets, is close to sealing a… read more →

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Inox Wind Prices IPO at Top

Indian stock wind energy company, Inox Wind, priced its initial public offering at the very top of its indicative range raising Rs. 10.2 billion, becoming the latest company in India to tap equity capital markets. The combination of a forward government sector and the recent outperformance of India's… read more →

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Chhattisgarh to Aggressively tap Wind Power

After achieving a significantly large solar power footprint across the State, the Chhattisgarh Government is gearing up to tap wind power in several parts of the State. The Chhattisgarh Renewable Energy Development Agency (CREDA) has invited offers from reputed Wind Farm owners, IPPs, wind farm developers… read more →

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India’s Inox Wind Attracts $2 Billion Through IPO

Equity markets and domestic investors are optimistic about India’s renewable energy story being sold by the central government. As a result, the first initial public offering by a core renewable energy company has received a massive response, with Inox Wind raising $2.2 billion. Inox Wind had offered… read more →

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Inox Wind IPO Charges Up Suzlon Stock

As Inox Wind's initial public offer (IPO) opened for subscription investors lapped up peer Suzlon Energy, driving the stock up by 10.9% to a nine-month high of Rs 29.50. The rise in the unofficial grey market premium for Inox has boosted sentiment in Suzlon too. Suzlon Energy stock is rising due to… read more →

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Inox Wind to Raise Rs 7 Billion to Double Capacity in India

Inox Wind Ltd., an Indian wind turbine manufacturer, plans to raise Rs.7 billion ($111 million) from a share sale as the nation seeks to quadruple renewable power installations. Inox, a unit of Gujarat Fluorochemicals Ltd., will use the proceeds to double its manufacturing capacity and fund working… read more →

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Suzlon Energy up 4%, HDFC Sec Initiates Coverage with Buy

Shares of Suzlon Energy gained 4.4 percent intraday after brokerage house HDFC Securities initiated coverage with a buy on the stock and set a target price of Rs 34 apiece These developments will enable the company to not only reduce debt but also provide much needed working capital to ramp up business… read more →

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Flying Wind Turbine Delivers Power to Remote Areas

Altaeros Energies' Buoyant Airborne Turbine (BAT) is designed to go where no wind turbine has gone before: up to 2,000 feet in the air, where it can capture steady winds, turn them into electricity, and transmit power to the ground. The BAT consists of a industrial fabric shell that's filled with 1,000… read more →

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Inox to Invest Further in Indian wind Market

Inox Wind plans to invest Rs 200 crore by the end of next financial year, with an aim to double its manufacturing capacity to 1,600 MW. The capacity will be expanded from 800 MW at present to 1600 MW in phases over the next financial year. In addition, Inox Wind will hit the market soon with an initial… read more →

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India's Inox Wind Sets IPO Terms

Inox Wind, an Indian wind energy company, has set the terms for an initial public offering of shares that could net the company and its principle shareholder more than Rs. 10 billion ($ 163 million). The wind-turbine manufacturer wants to sell some 22 million primary shares and 10 million secondary… read more →

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