Here's our next edition of EAI Newsletter. For more news items and updates, visit our blog @ http://www.eai.in/blog and our forum @ http://www.eai.in/forum
EAI India Solar PV Report
If you are an entrepreneur or investor exploring the fast growing solar energy opportunities in India, this report is for you. More from here - http://www.eai.in/ref/reports/solar.html
While I am compiling a long story on an interesting renewable energy topic to be sent later this week, I have put down a compilation of news items and updates related to Indian renewable energy.
Hope you find these useful.
Your feedback on the newsletter is always welcome.
EAI - Energy Alternatives India @ www.eai.in
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India Renewable Energy News and Updates
M&M buys majority stake in Reva - This is some interesting news! Mahindra and Mahindra (M&M) has bought a majority stake in electric car company, Reva. The commercial vehicle major would now hold 55.2% in Reva via the stake sale and fresh equity infusion. M&M would invest USD 10 million in the electric car major and would rename the company as Mahindra Reva Electric. More - http://www.moneycontrol.com/news/business/mm-buys-majority-stakereva_460283.html
Anantapur favourite for solar, wind units - The drought-prone district is attracting many national and multinational companies (MNC) to set up non-conventional energy plants due to its unique topography and climate. More than 10 MNCs are making efforts to establish solar and wind energy plants across the district due to favourable conditions such as temperature and wind. The average temperature recorded in the district was 44 degree Celsius and winds blow with a speed of 40 kilometres per hour. More - http://www.deccanchronicle.com/anantapur/anantapur-favourite-solar-wind-units-619
Small hydro plants planned for Assam, India - State owned power company Assam Power Project Development Corporation has signed agreements with Brahmaputra Infrapower and Agnipa Energo for the development of two small hydro power plants to be commissioned in April 2012. More - http://www.waterpowermagazine.com/story.asp?sectioncode=130&storyCode=2056453
LED lighting on Sujana’s radar - Sujana Energy, a part of $1.3 billion Sujana Group, is gearing up for increased action in renewable energy space. Introduction of LED lighting products, renewable energy power generation including biomass with solar, solar thermal power generation and solar photovoltaic lighting applications are on the company’s radar. Sujana Energy is also developing energy management software that will help in monitoring the usage of energy. More - http://www.mydigitalfc.com/entrepreneurship/led-lighting-sujana%E2%80%99s-radar-817
Solar projects worth Rs 20k cr set for govt nod - The government is close to approving 15 to 20 solar energy projects under the Jawaharlal Nehru National Solar Mission that will entail an investment of about Rs 20,000 crore in two to three years. Proposals have been submitted by companies such as Tata BP, Moser Baer, KSK Surya Photovoltaic Ventures, Lanco Solar and Titan, according to people familiar with the development. More - http://economictimes.indiatimes.com/news/economy/policy/Solar-projects-worth-Rs-20k-cr-set-for-govt-nod/articleshow/5983165.cms
Unleashing the Wind Tiger - India has featured as one of the world's top five countries for wind power development for years. Will new policy initiatives open up India's wind sector? - More - http://www.renewableenergyworld.com/rea/news/article/2010/05/unleashing-the-wind-tiger
IOC sees India fuel reforms soon - State-run Indian Oil Corp expects the government to soon reform the country's fuel pricing system and has a budget of $1 billion to acquire oil and gas assets abroad. More - http://www.reuters.com/article/idUSTRE64P2IP20100526
India proposes renewable energy certificate scheme - The Indian government is reportedly working on plans for a new renewable energy certificate (REC) scheme designed to drive investment in low-carbon energy projects. According to local reports, the country's power regulator last week announced new rules that would allow generators of renewable energy to obtain RECs that could be bought by companies and government bodies to count towards renewable energy targets. More - http://www.businessgreen.com/business-green/news/2263607/india-proposes-renewable-energy
First Climate to launch 200 million euro clean energy fund - Carbon asset management firm First Climate plans to launch a 200 million euro ($245.6 million) equity fund to invest in clean energy projects in India, China and Southeast Asia. More - http://in.reuters.com/article/idINLDE64Q1MJ20100527
India finalises two new projects on Chenab - India has given final shape to two new projects on the River Chenab with combined production capacity of about 2,000 MW, while one of them will have the ability to store water. Karthai Dam is being developed in two phases on a tributary of Chenab. Besides, having storage component, it will generate 1,240 Megawatts, which is more than the capacity of Pakistan’s second biggest reservoir Mangla Dam that produces 1150 MW. More - http://www.thenews.com.pk/daily_detail.asp?id=241564
India fast-tracks work on Jhelum river hydroelectric power project - As per a treaty with Pakistan, whoever builds a hydropower project first will get first rights to the river water. More - http://www.livemint.com/2010/05/25214132/India-fasttracks-work-on-Jhel.html
Market Entry Strategy for Indian Renewable Energy Industry
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