In what can be termed as the largest investment in India's renewable energy sector, ReNew Wind Power, a renewable energy independent power producer (IPP), has announced that it had secured an equity investment of Rs.1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology.
The railways is going for its first public-private partnership (PPP) in a windmill energy project. The national transporter will be calling tenders for a 25-MW wind energy plant near Jaisalmer in Rajasthan soon. The railways is expecting companies such as Suzlon, GE, Siemens, Goldwind and Encore to come forward for the project. The cost of the project is expected to be around R220-250 crore
<p>Lowering greenhouse gas emissions is not only good for environment, but it also may benefit an entity’s bottom line. India has a huge potential for carbon financing, which is an emerging business opportunity for Indian companies.
To offer M. Tech programme in renewable energy engineering
Progressive Maharashtra has rushed to install wind energy plants. But, ask <font class="UCASE"><b>nidhi jamwal</b></font> and <font class="UCASE"><b>shikha lakhanpal</b></font>, reporting from Mumbai and Dhule, why so little electricity is actually generated? Is there an other purpose to private interest in wind?
Mumbai: Morgan Stanley Infrastructure Partners has struck a deal to invest Rs 1,200 crore in Continuum Wind Energy, developing 500MW assets. The private equity arm of Morgan Stanley will hold majority
Bangalore2-day GIM targets investment of R6L cr in key sectors like energy & infrastructure Tata Steel on Thursday announced plans to set up a R30,000 crore steel plant in Karnataka at the government-sponsored Global Investors’ Meet (GIM) 2012. The six million tonne per annum capacity plant would come up up Haveri district, Tata steel vice-chairman B Muthuraman said at the inaugural GIM function. Earlier, the Global Investors Meet (GIM) 2012, aimed at attracting investors to the state,
New Delhi India has offered key incentives to exporters to tap the growing demand for clean energy equipment and non-polluting electric vehicles in overseas market, which would help it overcome the rising trade deficit. The commerce ministry has identified a total of 16 green products including solar power equipment for export promotion after a mid-term review of its 2009-14 foreign trade policy. The list also includes equipment like windmills, bio-mass gassifier, waste boiler as well as electric vehicles.
MUMBAI: The renewable energy ministry is planning to re-introduce incentives for the wind energy sector to allay fears that capacity addition could fall after the sops were withdrawn from April 1. The
Creating a sustainable business is hard enough in the developed world. But in important emerging markets it can be more difficult still. When Harish Hande set up India’s Solar Electric Light Company
German company Enercon has expressed interest in putting up a 500-MW wind farm in Karnataka. Confirming this to Business Line, Mr N.S. Prasanna Kumar, Managing Director, Karnataka Renewable Energy Development
Seven Indian companies have made it to a carbon-clean list of 200 largest companies worldwide ranked by their total clean-energy revenues. The list is topped by Japan's Toyota Motor followed by Germany's
Piyush Pandey & M V Ramsurya MUMBAI
<p> JAISALMER: Jaisalmer has the potential to generate one lakh mega watt of solar and wind power, which can fulfil the demand of the entire nation, Union minister Farooq Abdullah has said.</p> <p>
Ending a federal tax break for wind farms in India, the largest market for turbines after China and the US, would cause a $540 million drop in demand just as suppliers including General Electric (GE) expand local capacity. Wind park installations may fall 15% in the financial year starting April 2012 from the 2,600 mw projected for this year should the benefit be discontinued, said an analyst.
Pressing ahead with its diversification plans, Navratna PSU National Aluminium Company Limited (Nalco) plans to set up a 50.4-MW wind power project at a cost of . 274 crore in Gandikota, in Kadapa district of Andhra Pradesh. The wind power project will be executed through Suzlon Energy Limited.
<div> <span style="font-size:12px;"><span style="font-family:arial,helvetica,sans-serif;"> Onshore wind turbine REpower 3.0M122 with a rated power of 3.0 megawatts and a rotor diameter of 122 metres</span></span></div>
CASHING IN ON NATURAL RESOURCES Investments in clean technologies are riding a green wave into India. In 2007, Green India Inc raised $1.4 billion through convertible bonds from the international market even as it picked up $628 million from the domestic stock market.
The renewable energy sector in India, led by the wind energy segment, is seeing a rebound in investment with around five deals worth $500 million (approximately . 3,000 crore) being sealed in 2013. In contrast, there has not been a single deal in the conventional energy segment. “Investors are shying away from conventional energy due to policy uncertainties and lack of fuel linkage. While the government has been flat-footed on thermal energy, it is encouraging renewable energy, making the sector attractive for investors,” said Vish Narain, partner at global private investment firm TPG.
