After nearly four years, Indian wind energy developer Continuum Wind Energy is back on the acquisition radar of international power companies. European power majors Shell and Statkraft are looking to acquire Continuum Wind Energy. Additionally CLP India, a subsidiary of China’s CLP Group, is also reported to be interested in the deal.
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers.
Uber’s competitor in India — Ola Cabs — is all set to add an electric version of the world’s cheapest car in its fleet as it plans to expand into the electric mobility on the back of supportive policies of the government.
Results of India’s second national-level solar-wind hybrid auction are in. While capacity allocated to project developers has declined, there remains a silver lining for the Solar Energy Corporation of India (SECI) in terms of price bids.
A new renewable energy power generation company is reportedly taking shape in India with Singapore’s state investment firm Temasek Holdings Pte. and Swedish private-equity firm EQT Partners as potential investors.
India has asked states to identify land to set up large-scale wind energy projects as project developers continue to stay away from state and central government agencies.
In the face of lingering issues of land acquisition, uncertainty over taxes and import duties and slowdown in overall economic growth India has reduced its solar power capacity addition target to the lowest level in four years.
Lack of adequate and low-priced bids for large-scale solar and wind energy tenders has led the south Indian state of Tamil Nadu to decide not to issue any more tenders. This is a significant decision by one of the largest states in India by installed renewable energy capacity.
German wind turbine manufacturer Senvion is once again on the acquisition radar with fresh buyers weeks after the company filed for bankruptcy.
EDF and Masdar have hit a home run with a huge win under Morocco’s ambitious and aggressive renewable energy program.
