Tags: wind energy India news

AP govt to get additional revenue of Rs 3,495 cr from IREP, renegotiates contract with Greenko

Andhra Pradesh government on Friday said it would get an additional revenue of Rs 3,495 crore from the proposed Integrated Renewable Energy Project (IREP) after it renegotiated the contract terms with the implementing firm Greenko Group. As part of the IREP, the Hyderabad headquartered Greenko Group is currently setting up a 550 megawatt (MW) wind […]

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GE Renewable wins 102.6 MW wind turbine project in Gujarat from Powerica

GE Renewable Energy has won a 102.6 MW wind turbine supply deal from Powerica Ltd for projects in Gujarat. The company in a statement said “GE Renewable Energy has been selected by Powerica Ltd to supply 38 of its 2.7-132 onshore wind turbines to be installed at the Rajkot and Khambaliya wind farms in Gujarat, […]

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India needs policy reforms to revive wind growth beyond 50 GW by 2022: Report

According to a new report released by the Global Wind Energy Council (GWEC) and MEC+ (MEC Intelligence), India’s wind energy capacity can only realistically reach 50 GW by 2022. India Wind Outlook Towards 2022: Looking beyond the headwinds objectively analyses the factors which have led to a drag on market growth for India’s wind energy industry over the past two years, […]

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Inox Wind initiates execution of 1st phase of wind power projects in Gujarat

Inox Wind on Monday said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the receipt of certain advances. The first phase of the projects is scheduled to be commissioned in the third quarter of the ongoing fiscal, Inox Wind said in a filing to BSE. “Post receipt of […]

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Inox Wind resumes operations at all three manufacturing plants in India

Wind turbine maker Inox Wind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh). In a regulatory filing Inox Wind said it has resumed operations at its three plants. “… after obtaining requisite permission from concerned district […]

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Coronavirus Crisis: Suzlon Energy cancels shareholders’ meet

Suzlon Energy on Wednesday said it has cancelled the extra ordinary general meeting of its shareholders scheduled to be held during the day in view of the extension of nationwide lockdown till May 3, to contain the spread of coronavirus pandemic. The extra ordinary general meeting (EGM) was originally scheduled to be held on March […]

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Wind energy capacity addition likely to be subdued this FY: ICRA Report

ICRA in its new report said that wind energy capacity addition will likely be subdued this financial year amid challenges like payment delays from discoms and a tight financing environment. Though on a year-on-year basis, capacity addition is likely to improve to about 2.5 GW in FY2020, from 1.6 GW in FY2019, achieving the 60 […]

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Navin Dewaji appointed by Siemens Gamesa as India CEO

Wind energy solution provider Siemens Gamesa announced appointment of Navin Dewaji as new country CEO. Dewaji will take over the CEO position from Ramesh Kymal who will step down and pursue new professional challenges, a company statement said. Kymal will stay in Siemens Gamesa until the end of April to support Dewaji, ensuring a smooth […]

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Suzlon defaults on loans worth over Rs 7,200 cr

Suzlon Energy on Tuesday said that it has defaulted on loans amounting to Rs 7,256.38 crore. The total default amount includes a principal of Rs 6,717.44 crore and interest of Rs 538.94 crore, the company said in a regulatory filing. The loans were given by a consortium of 18 banks led by the State Bank […]

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Tata Power looking to sell stake in renewable energy portfolio to global investors: Report

Tata Power is reportedly looking to sell stake in its renewable energy portfolio to global investors. The Chief executive of Tata Power- Praveer Sinha speaking to Reuters said that the company is examining the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, he added the funds would help […]

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