Tags: wind energy

Suzlon posts consolidated net loss of Rs 834.22 cr in March quarter

Suzlon Energy has posted a consolidated net loss of Rs 834.22 crore for the March quarter mainly due to lower revenues and high finance cost. The consolidated net loss of the company was Rs 294.64 crore in the quarter ended on March 31, 2019, a regulatory filing said. Total income from operations of the company […]

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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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JERA, ADEME INVESTISSEMENT and IDEOL team up to form floating wind farm JV

Japan’s JERA , ADEME INVESTISSEMENT (a 100% French State-owned investment company ) and IDEOL ( leader in floating offshore wind) have agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development phase of at least 2 GW of projects using IDEOL’s patented Damping Pool technology. Upcoming tenders […]

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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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Staying on Course: Renewable Energy in the Time of COVID-19

Statement by Francesco La Camera, IRENA Director-General In a short few weeks, much of the world has been shut down due to the novel coronavirus, COVID-19, which has crossed borders and oceans, rapidly devastating communities and livelihoods. Decisions being taken now to address the social and economic impacts of the crisis come amid profound uncertainty […]

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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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Alfanar to sell 300 MW wind energy India assets: Report

Saudi Arabia’s Alfanar Group is reportedly planning to sell 300 megawatt (MW) wind energy assets in India. It is said to be one of the largest wind energy deals in India. In India’s green economy deal activity is gradually gaining pace, and this comes after country lifted many of the curbs on businesses following a […]

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