Tags: wind energy news

Debt-laden Suzlon Energy completes its debt restructuring process

Wind energy solutions provider Suzlon Energy has completed its debt restructuring process. Under the restructuring plan, promoters and key shareholders have infused Rs 392 crore. In a regulatory filing, the company said that the debt restructuring completed with unanimous approval of secured lenders. Post the announcement, shares of the company on the BSE hit the […]

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US offshore wind power sector could deliver up to 25GW in 2029: Wood Mackenzie

The US offshore wind industry is set to power up over the coming decade. New research from Wood Mackenzie shows that as the sector ramps up from near-zero today, it could deliver as much as 25 gigawatts (GW) in 2029, capturing almost half of the US market for new wind power installations. However, a number […]

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Hindustan Zinc likely to sell its wind energy assets: report

Hindustan Zinc is reportedly looking to sell its wind energy assets. ET citing sources reports that the company has put its wind energy assets on the block. The company’s wind energy assets are valued at around Rs 1,500 crore. The publication citing sources reports that wo renewable energy players backed by multilateral financial institutions are […]

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Wind-solar hybrid capacity of around 15 GW to come up in 5 years: Crisil

Ratings agency Crisil in a statement said as the government continues to focus on increasing the share of renewable energy in the country, nearly 15 GW of wind-solar hybrid capacity is expected to come up over the next five years. Out of this 15,000 MW, works on nearly 10,000 MW are already either under construction […]

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Wind turbine sizes keep growing as industry consolidation continues: GWEC

 The Global Wind Energy Council in its second edition of its annual Supply Side Analysis 2019 report on its market intelligence platform noted that 22,893 wind turbines were installed globally in 2019 produced from 33 suppliers and accounting for over 63 GW of capacity, a new supply side record in terms of capacity for the industry. Vestas continues to […]

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Inox Wind Infrastructure sells entire 51 pc stake in Sri Pavan Energy

Wind turbine maker Inox Wind on Friday said its arm Inox Wind Infrastructure Services has sold its entire 51 per cent stake in Sri Pavan Energy for Rs 5.1 lakh. “Our wholly owned subsidiary, Inox Wind Infrastructure Services Ltd (IWISL) has sold its entire 51 per cent shareholding held in Sri Pavan Energy Private Ltd […]

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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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Only one third of wind power project auctioned by SECI commissioned : Report

According to a report only one third of the of 6,000 MW wind power project auctioned by the Solar Energy Corporation of India (SECI) have been commissioned SECI, the nodal agency that conducts wind and solar auctions, has reportedly commissioned only 1961 MW of wind capacity. An office of the ministry speaking to ET on […]

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Siemens Gamesa Q2 performance impacted by the pandemic

Siemens Gamesa’s performance in the second quarter of FY 2020 (January-March) reflected the unexpected effect of the COVID-19 pandemic on its operations and commercial activity, with a direct impact of €56mn on the company’s profitability. This complicated situation further intensified the challenges in the onshore business, mainly in the Indian market and the execution of […]

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Wind turbine maker-Vestas posts first quarter operating loss

Vestas on Tuesday posted an unexpected first-quarter operating loss despite strong sales and a booming order book. The Danish firm reported an operating loss before special items of 54 million euros ($58.9 million) versus the 91 million euro operating profit forecast by analysts, while its EBIT margin fell to -2.4 per cent. Quarterly sales topped […]

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