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Inox Wind gets ‘AA-’ rating for long-term bank facilities

Wind energy solutions provider Inox Wind on Wednesday said that rating agency Crisil has reaffirmed the ‘AA-’ rating for its long-term bank facilities. The rating agency has also reaffirmed ‘A1+’ rating for the company’s short-term bank loan facilities, it said in a BSE filing. “AA rating… read more →

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Capacity surge boosts revenues for India-based renewable energy group Mytrah

India–based renewable energy group Mytrah Energy Ltd continues to run hard in deploying new capacity and has ambitious plans for the current year, says house broker Cantor Fitzgerald. The additional capacity meant a jump in reported underlying earnings to US$128.1mln in 2016 from US$65.9mln, while… read more →

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China’s Envision Energy to set up operations in India

Envision Energy, the second largest wind turbine manufacturer in China, intends to bring its products to India, the company’s Founder and Managing Director, Lei Zhang, said on Thursday. “We will set up manufacturing facilities for sure,” Zhang told BusinessLine here, on the sidelines of the 8th… read more →

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Eastspring to invest in Continuum Wind Energy unit

Eastspring Investments, the Asian asset management arm of Prudential Plc, has agreed to invest in a subsidiary of Morgan Stanley-backed Continuum Wind Energy Ltd, as it seeks more opportunities for such investments across Asia. The investment in Watsun Infrabuild Pvt. Ltd will be Eastspring’s first… read more →

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India’s Busiest Port Plans For 200 Megawatt Solar & Wind Energy Park

India’s largest port (by volume handled) could soon be powered by renewable energy, the Minister for Shipping and Transport Nitin Gadkari recently stated. Government officials are assessing the possibility of setting up a solar-wind energy park to power the seaport of Kandla, located in the west Indian… read more →

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States may auction under-construction wind power projects, further lowering tariffs

The disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase. In a report, Crisil said that under-construction projects, as part of the feed-in tariff (FiT) regime, may be put up for auction by the… read more →

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Wind power has seen steady growth in India

Obscured somewhat by developments in the solar space, wind energy in India has experienced a steady development in the last 7-8 years as the government plans a major 'green corridor' project to transport surplus renewable energy to deficient states, MNRE secretary said. Many global leaders in the field… read more →

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Removal of incentives to hit wind energy projects

With incentives offered for wind energy investments having come down this financial year, installations by small investors — those who have less than 10 MW — is expected to drop drastically. Of the 32 GW of installed wind energy capacity in the country, 60% are by small investors. According to K.… read more →

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The Wind Beneath India’s Renewable Energy Wings

The mood was buoyant at the recently held Windergy India 2017 conference in New Delhi. Industry leaders, regulators and government officials were unanimous in predicting a bright outlook for the wind power sector that has been growing at a breakneck speed in recent times. Already accounting for 9% of… read more →

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US Energy Dept. To Trump: Lalalalala We Can’t Hear You, Wind Power Rocks!

In the U.S., Energy Secretary Rick Perry has been steadily undercutting the Trump Administration’s pro-coal messaging with a flood of press releases, tweets and articles touting clean tech and renewables. In the latest development, the agency’s National Renewable Energy Laboratory is out with a… read more →

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