The news out of India concerning wind and solar power has been bipolar, to say the least. India set an ambitious target of 175 gigawatts (GW) of new wind and solar power to be completed by 2022. India certainly is not meeting that goal on a linear timeline.
Danish wind energy giant Vestas is ranked as the world’s leading wind turbine manufacturer, in a new assessment from Navigant Research. According to the new Navigant Research Leaderboard Report: Global Wind Turbine Vendors, Vestas leads GE Energy, Siemens, and Gamesa, as the world’s leading wind turbine manufacturers in terms of strategy … [continued]
On Monday, Telangana announced the final results for its 2,000 MW solar tender, the single largest solar power allocation in India till date. The state-owned utility, Telangana State Southern Power Distribution Company Limited (TSSPDCL), was responsible for floating the 2 GW solar tender. Telangana had offered prospective developers projects through competitive … [continued]
Once one of the world’s leading wind turbine manufacturers, Suzlon Energy announced this week poor quarterly earnings ending March 31, nearly doubling its net loss on the same time a year earlier. Suzlon Energy experienced another net loss in this quarter, its fourth financial quarter, ending March 31. The loss amounted to Rs 1,212 crore, nearly … [continued]
In an attempt to align itself with the policy priorities of the Indian government, the Reserve Bank of India has revised the priority sector lending norms, and has accorded priority sector lending status for renewable energy. Other categories included under priority sector lending are agriculture; micro, small, and medium enterprises; export credit; education; social infrastructure and … [continued]
2012 was a good year for renewable energy installations, and a new report from Bloomberg New Energy Finance shows that it was a very good year for the wind energy sector, installing a record 48.4 GW of new capacity. This report comes just days after the report from Pew Charitable Trusts was … [continued]
Brazil’s working to integrate more clean, renewable wind power and renewable energy sources into the national grid, and Eolcias do Sul is turning to ABB for supporting infrastructure. The contract award follows in the wake of Brazil’s development bank effectively locking out five of the world’s largest wind turbine manufacturers from the market for failing to meet local content requirements.
Mexico’s emerging as a key driver of growth in the international wind power market and industry, and India’s Suzlon has plans of playing a major role in contributing to the realization of Mexico’s renewable energy and carbon emissions reduction goals.
Wind and renewable energy have been growing rapidly worldwide, but for industry leaders, including India’s Suzlon, financial sustainability remains elusive. Encouraged by its recent results, a large group of banks has pledged to loan Suzlon enough money for it to cover looming bond redemptions.
Suzlon Group recently announced that its Jaisalmer wind farm, the largest in India, crossed 1,000 MW (or 1 GW) of capacity. It actually crossed that number on April 1 of this year (reaching 1,064 MW of capacity at that time). “We credit this success to the support from the Government of … [continued]
