Nexant, a global provider of software enabled solutions to the utility and energy industries, has announced the opening of its new office in Pune, India. The new office opened on July 16th and will accommodate the company’s rapid development in the energy sector. The company currently has 25 offices across the U.S., Europe, the Middle […]
Adani Green Energy has set up a wholly-owned subsidiary to generate wind energy. Adani Wind Energy (GJ) Ltd (AWEGL) has been incorporated as Adani Green’s 100 per cent subsidiary on August 21, and is yet to commence its business operations. as per a BSE filing. The company has been created at a cost of Rs […]
Siemens Gamesa has announced the commissioning of 3.375 MW of wind-solar hybrid power pilot project for NTPC. This being smart grid based renewable energy’s (SGRE’s) first hybrid project for the thermal power giant. The Wind Solar Hybrid project consists of an SG 2.0-114 wind turbine in hybrid with 1.375 MW High Efficiency HiT solar panels, […]
Mytrah Energy has emerged as one of the winners of the 1200MW bid conducted by National Thermal Power Corporation Limited (NTPC). Mytrah Energy quoted a tariff of INR 2.79 per unit under the reverse e-Auction and won the bid for a capacity of 300 MW in the first ISTS (Inter-State Transmission System) wind bids conducted […]
With a potential to add about 8,000 MW to 10,000 MW annually, India managed to add about 1,750 MW last year, due to implementation challenges and regulatory issues, according to a senior executive engaged in the wind energy sector. Backing the Solar Energy Corporation and State discoms’ move to encourage new projects, the wind power […]
Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector. The small companies’ difficulty in raising cash is keeping them away from government power project auctions, restricting […]
SIMEC ZEN Energy – part of India-born British billionaire Sanjeev Gupta’s global GFG Alliance – has launched its landmark US$1 billion, one‐gigawatt dispatchable renewable energy program in the Upper Spencer Gulf. In the first of a number of projects slated for the upper Spencer Gulf region, will include a 120 mw lithium-ion battery bigger than […]
China’s investment in foreign wind energy electricity markets has surpassed $12 billion in Europe and Australia alone as private and state-owned Chinese companies move aggressively to capitalise on fast-growing renewable energy markets, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday. Most of the wind investment activity has been in Europe. “China […]
Chennai Metro Rail Limited (CMRL) is reportedly planning to purchase renewable energy. CMRL will use this to power 80% of its daily operations including running of trains. As part of its efforts to operate an environment-friendly transit system CMRL recently floated a tender looking for a consultant who can help them in acquiring both solar […]
Rural Electrification Corporation (REC), the state owned power sector financier, signed a 200 million Euro loan with the German bank KfW in Frankfurt on 13th August 2018. This is REC’s fourth line of credit under Indo-German development cooperation which REC will utilize to finance renewable energy projects in India. “This is yet another step towards […]
