Category: Alternative/Renewable

June 27, 2017

A US-based company has expressed its ire over the excessive delay on the part of the Uttar Pradesh (UP) government, with regards to setting up of the multi-crore-rupee waste-to-energy (WTE) project. Expressing his disappointment over the lackluster attitude of the incumbent UP government, the President of the American company, Renewable Energy Alternatives, Bernard Schmidt, said that his people were dejected as the Akhilesh Yadav-led UP government failed to pay heed to their offer of funding the project 100%, as well as operating and maintaining the cost of the project for the first five to ten years. He added that despite making lucrative offers to the UP government, with regards to the setting up of a small pilot plant of 25 MW, which would have become operational by the end of 2014, there was indifference on the part of the former. It was in the month of June that the company had made a presentation before the State’s Urban Development Minister, Azam Khan and at that point of time the government had shown positive signs about the project and had said that it would give them permission to survey different sites for building the plant. Speaking in defense of the government, Special Secretary, Urban development, Sri Parkash Singh said that the project was in a lurch, as the company failed to cooperate with the State government. It was in January that the UP government had fir

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January 14, 2016

Suzlon Group  has announced that it  received an additional credit facility of Rs 2,300 crore above the existing working capital lines to meet its requirements for execution of projects.

In a BSE filing the company stated  “Suzlon has received an additional sanction of working capital lines of Rs 2,300 crore to meet its requirement for execution of sizable order backlog and pipeline… the additional working capital sanctions are above the existing working capital facilities of Rs 4,300 crore.”

Suzlon Group CFO Kirti Vagadia said: “The additional working capital facilities sanctioned by our bankers will help fuel Suzlon’s business grwoth and enable us to ramp up volumes rapidly…it will also enable us to capitalise on opportunities in renewable sector in India.”

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January 13, 2016

The Puducherry government sponsored Renewable Energy Agency Puducherry (REAP) has launched a drive`LED Village Campaign`intended to achieve energy conservation,  to replace incandescent bulbs used by people in many villages here with LED bulbs free of cost under the ‘one hut one bulb’ scheme.

According to a release,  scheme has been implemented in cooperation with the Department of Electricity and with support of the Bureau of Energy Efficiency of the Power Ministry.

Electricity and Education Minister T Thiagarajan distributed LED bulbs to each of 1,850 families and beneficiaries hailing from Irulanchanthai, Kuruvinathampet and Bahoorpet in the Bahoor commune panchayat limits. 

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January 13, 2016

According to knowledgeable sources, Welspun Group is in advanced stages of discussions to divest select assets of its solar and wind energy portfolio in a mega deal which has attracted the attention of overseas investors, Singapore-based Sembcorp and Finnish energy giant Fortum, which have  signed term sheets for the potential deal. The two overseas investors are said to be  keen only on the operational assets of the deal .

Welspun Group has an enterprise valuation  of around Rs 5,000-Rs 5,500 crore .Its renewable energy assets fall under its unlisted arm Welspun Renewables with a 680 MW capacity and the   entity is looking to set up up 5,000 MW capacities in the next few years.

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October 31, 2015

Enthused by the rapid progress made by Punjab in the field of renewable energy, the Indian Renewable Energy Development Agency (IREDA) has decided to set up its first-ever sub-office at the Punjab Energy Development Agency (PEDA) building here, for helping finance solar power schemes.

IREDA, which was granted the status of Mini Ratna by the Government of India earlier this year, has also lauded the state government’s efforts in promoting not just solar power, but also the use of biomass for generating renewable energy. Besides attracting huge investment in the solar power sector, the state is also drawing considerable interest in biomass-based power generation.

Posted in Alternative/Renewable by admin
October 31, 2015

Country’s renewable energy sector has reported significant growth in new capacity addition during the first half of this fiscal. The sector added 1,629 MW of new capacity from various sources during April-September 2015 as against 1,094 MW in the same period previous year, posting a rise of about 49 per cent. Besides, 58 MW of off-grid/ captive power generation capacity was also added during the period. 

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October 29, 2015

The loan is the first tranche of a $500 million multitranche financing facility (MFF) to IREDA for the Clean Energy Finance Investment Program. The Program aims to leverage public sector resources to catalyze private sector investments in renewable energy subprojects including wind, biomass, hydropower, solar, and cogeneration technologies, according to ADB.

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October 28, 2015

Renewables are powering the job sector. Record hiring in solar, wind and hydro sectors partly offset the biggest round of job cuts in the oil and gas sector in almost two decades. The boom is led by Asia as countries such as China and India embark on massive renewable-energy programmes

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October 26, 2015

India’s energy landscape is poised for a dramatic change as fresh investments in wind and solar projects will overtake those in fossil fuel-based plants, and the government is confident of wiping out state distribution companies’ losses by 2019, removing the power sector’s most stubborn bottleneck.

Goyal said renewable costs are falling steeply and tariffs from such projects remain constant for quarter of a century unlike fossil fuels, which have seen dramatic increase in costs in recent decades. Further, renewables add to the country’s energy security and help in keeping the environment clean.

Posted in Alternative/Renewable by admin
October 26, 2015

Renewables are powering a rare bright spot in the energy industry, with record job hiring in solar, wind and hydro partly offsetting the biggest round of job losses in the oil and gas sector in almost two decades. The boom in new green jobs is being led by Asia where governments in countries such as China and India are embarking on massive programmes to use more renewable energy.
 

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