Orix to buy seven 874 MW wind energy plants of IL&FS

Debt-ridden IL&FS on Sunday said Japan’s Orix Corporation, which owns 49 per cent share each in its seven operating wind power plants, has expressed intent to buy the remaining stake in those assets. The seven wind power plants, in the form of special purpose vehicles (SPVs) and owned by IL&FS Wind Energy Limited (IWEL), are […]

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Prysmian Secures €200 Million Offshore Wind Energy Project in the US

Prysmian Group has been awarded a contract worth approximately €200 million by Vineyard Wind, LLC, a US offshore wind development company 50% owned by funds of Copenhagen Infrastructure Partners and 50% by Avangrid Renewables , to provide a submarine power cable system which will deliver clean energy to the mainland power grid in the US. […]

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Brookfield set to acquire Axis Energy’s two wind farms: Report

Canada based firm Brookfield Asset Management Inc is gearing up to acquire Hyderabad-based Axis Energy’ two wind farms for INR 500 crore, reports ET citing sources. When acquired this will be Brookfield’s first direct acquisition in the renewable energy space in India. The firm back in 2017 acquired SunEdison’s solar yieldco TerraForm Global Inc, which […]

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Renewable energy is taking strides towards a subsidy-free era: EY report

EY in its 53rdRenewable Energy Country Attractiveness Index (RECAI) revealed that the renewable energy sector is entering a new phase of subsidy-free growth across the world. Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a […]

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Global energy investment stabilised above USD 1.8 trillion in 2018: IEA

Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables, according to the International Energy Agency’s latest annual review. The findings of the World Energy Investment 2019 report signal a growing mismatch between current trends and […]

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Energy investment has risen most rapidly in India: IEA

Aloha! India now carries the much awaited tag of the fastest growing energy market in the world. According to the International Energy Agency (IEA) investment in the energy sector in the country grew at a rate of 12 per cent in 2018 — the highest growth rate as compared to any other country. “Energy investment […]

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Winning tariff at Gujarat wind auction remains at Rs 2.80 per unit: Report

Winning tariff at the Gujarat wind auction remained unchanged at Rs 2.80 per unit in the 745 MW of capacity awarded by the state’s utility on Monday. In February the Wind auction conducted by the renewable energy ministry had tariff in the range of Rs 2.82 to Rs 2.83 per unit. Enerfra bagged 40 MW […]

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India to add 80 GW of renewable energy capacity in next 5 yrs: Survey

India is expected to add about 80 gigawatts (GW) of renewable energy capacity in the next five years, according to a survey. About 47 GW will be from utility scale solar, 21 GW from wind, 8 from rooftop solar and 3 GW from floating solar projects, the survey by consultancy Bridge To India, in which […]

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Piramal Group to buy renewable power projects of Mytrah Energy: Report

Piramal Group is reportedly planning to buy operational renewable power projects of Mytrah Energy. When acquired it will be the first set of assets in the newly launched private InvIT that is co-owned by the Piramal Group and CPPIB reports ET. One of two sources aware of the development speaking to the publication said both […]

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