The Competition Commission has dismissed a complaint alleging unfair business practices against wind turbine manufacturer Vestas Wind Technology India with regard to service conditions of the equipments supplied by the firm. In an order dated August 7, the fair trade regulator said no prima facie case of contravention of the provisions of either Section 3 […]
R.K Singh Union Minister for State (I/C) Power and New and Renewable Resources informed the Lok Sabha on Thursday that the Central Government in the proposed draft amendments to the National tariff policy, 2016 has included the provision for imposition of penalties on the Distribution companies for power cuts other than force majeure conditions or […]
The installed power generation capacity in India has risen to 344 GigaWatts (GW) and its energy deficit, which stood at over 4 per cent in 2014, has shrunk to less than one per cent in 2018, an official release said on Wednesday. NITI Aayog CEO Amitabh Kant made a presentation at a review meeting held […]
Andhra Pradesh CM Chandrababu Naidu inaugurated World’s first high energy storage device The thermal battery is a revolutionary and disruptive technology patented by Dr. Patrick Glynn in 2016 in India. Manufactured by the best, the first-of-its-kind cell is aimed at boosting up renewable sources of energy production. best also aims to set up a […]
Andhra Pradesh Chief Minister Chandrababu Naidu said around 100-150 acres of land has been allocated to develop energy storage facilities in the state. The announcement came at the inauguration of the world’s first-ever high energy storage device developed by Bharat Energy storage technology (BEST) earlier in the day. Speaking on the occasion, Naidu said that […]
Clean energy firm Mytrah Energy said today that Ind-Ra has upgraded its long-term credit rating by two notches from ‘BBB’ to ‘A-‘. It said that the short-term rating has also been upgraded from A3 to A2+. Mytrah Energy Vice-Chairman and MD Vikram Kailas said in a company statement: “This development reinforces the fact that we […]
Leading wind turbine maker Suzlon is looking to capture about 30 per cent of the 20,000 megawatt (MW) of wind capacity likely to be commissioned by financial year 2020-21, a senior company executive said. According to industry estimates, with the thumb rule of Rs 6.5 crore per MW, the 30 per cent share translates into […]
The consortium of Siemens Gamesa Renewable Energy and Van Oord has been selected by Windpark Fryslân B.V. as the preferred contractor for the construction of the Fryslân nearshore wind farm. The wind farm will contain 89 wind turbines with a capacity of 4.3 MW each in the Frisian section of the IJsselmeer Lake, next to […]
EDF Renewables North America announced the signing of two Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. Combined capacity of the projects is 332 megawatts (MW). Completion of the transaction is subject to regulatory approval and […]
Invest India has joined hands with energy sector companies to offer a unique lab-to-market opportunity for Indian startups through the Integrate to Innovate Programme. Integrate to Innovate is a 3-month corporate acceleration programme for energy startups housed at the corporate premises. The application for the programme is hosted on Startup India Hub – an online […]
