Tags: wind energy

JERA to Acquire 49% stake in Taiwan’s offshore wind project

Japan’s power generator JERA Co said on Wednesday it will buy a 49% stake in the Formosa 2 offshore wind project in Taiwan from Macquarie Capital for an undisclosed sum, in a bid to expand its renewable energy portfolio. JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric Power Co, already […]

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India, US to launch new clean energy initiative to propel economic growth

India and America will launch a new initiative for clean energy to fuel economic growth in the strategically-important Indo-Pacific region where China has been trying to expand its sphere of influence, the US State Department has said. The US has been pushing for a broader role by India in the Indo-Pacific region in the backdrop […]

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GE’s Haliade-X turbines to be used by Dogger Bank Wind Farms

Dogger Bank Wind Farms, which is developing what will become the world’s largest offshore wind farm when built, has unveiled GE Renewable Energy as its preferred turbine supplier. Under the new deal, GE Renewable Energy will supply Dogger Bank with its next generation of offshore technology, the ground-breaking Haliade-X turbine, bringing the world’s most powerful […]

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ReNew Power raises USD 300 million selling bonds overseas

ReNew Power has reportedly raised USD 300 million by selling bonds overseas. The company will use the proceeds for capacity expansion. The sale of these bonds, with three-year maturity, opened for subscription on Thursday. According to ET the dollar-denominated securities were priced at 6.45%, the initial target rate. It is said to have obtained subscriptions […]

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The University of Aberdeen moves to embrace energy transition opportunities

The University of Aberdeen will showcase its expertise in energy research at this year’s SPE Offshore Europe, as it announces its ambition to create a new Centre for Energy Transition. The Centre – which aims to build on the University’s status as a global leader in energy research and teaching – will align research and […]

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NCLT allows IL&FS to sell 7 wind assets to Orix for Rs 4,800 crore

The National Company Law Tribunal Wednesday cleared the sale of IL&FS’s seven wind energy assets to Japan’s Orix Corporation for Rs 4,800 crore, which will partially help reduce its debt burden of over Rs 99,000 crore. The tribunal comprising of VP Singh and Rajesh Sharma allowed the government-appointed board’s plea to approve sale of 51 […]

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IL&FS board seeks NCLT nod to sell 7 wind power units to Orix for Rs 4,800 cr

The IL&FS board on Tuesday sought the approval of the National Company Law Tribunal (NCLT) to sell seven wind assets to Japan’s Orix Corporation for Rs 4,800 crore, which will help reduce its debt burden of Rs 94,000 crore. Orix Corporation of Japan is already an equity partner in the group and owns 49 percent […]

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Sembcorp commissions 200 MW wind power project in Bhuj

The Indian arm of Singapore-based Sembcorp Industries on Friday said it has commissioned 200 megawatt of wind power project at Bhuj in Gujarat, taking its total generating capacity to 450 MW to become the largest producer of electricity from wind energy in the country. Sembcorp Energy India Ltd reported an 8 per cent rise in […]

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IL&FS proposes to NCLT sale of wind energy assets to ORIX of Japan

Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore. Infrastructure Leasing and Financial Services (IL&FS) said in a statement it has filed the proposal to complete the sale […]

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