Indian State Earns Nearly $1 Million Selling Excess Wind Power In 14 Days
The record wind energy generation that India witnessed brought in record revenue (and profit!) for the state of Tamil Nadu, the leading producer of wind power in the country.
India wind power
Indian Wind Prices Reach Record Low In 1 Gigawatt Auction
Four developers have secured rights to develop a cumulative of 1,000 megawatts in the first-ever wind energy auction held in India.
Indian Ministry For Renewable Energy Seeks $1.5 Billion In Budget Allocation
The Indian Ministry of New & Renewable Energy will seek a budgetary allocation of more than twice the amount it received in last year’s budget. According to Indian media reports, the Ministry of New & Renewable Energy has sought allocation of Rs 10,000 crore (around $1.5 billion) in the budget … [continued]
India Aims For 350 GW Renewable Energy Capacity By 2030
The Indian Government is planning to significantly boost the renewable energy capacity addition target for the medium term as part of its national climate change policy. According to media reports, the government may soon announce a target to have 40% power generation capacity based on renewable energy technologies by 2030. … [continued]
India Expects 52% Jump In Annual Wind Energy Capacity Addition
Bullish on the changed economic and regulatory environment, the Indian Wind Turbine Manufacturers Association expects a 52% jump in capacity addition this year. The association expects that 3.5 GW worth of wind energy capacity will be added in the 12 months between April 2015 and March 2016. If the capacity addition … [continued]
Enel Green Mulls $140 Million Investment In India’s Bharat Light & Power
Enel Green Power is reportedly planning to invest around $140 million in Indian renewable energy independent power producer Bharat Light & Power. According to business daily Economic Times, Enel Green Power is in negotiations with Bharat Light & Power to make equity investment worth Rs 900 crore (~ $140 million) … [continued]
India’s ReNew Power Plans To Raise $100 To $150 Million
One of India’s leading renewable energy independent power producers, ReNew Power Ventures, plans to raise fresh capital of $100 to $150 million. The Goldman Sachs-backed ReNew Power has announced plans to raise fresh capital to expand its generation capacity. The funds, expected to be up to $150 million, will be … [continued]
India’s Essel Group Commits To 12 GW Renewable Energy Capacity
Another Indian company has proposed to set up large-scale renewable energy capacity over the next few years. Essel Group, a leading conglomerate in India, has announced that it will set up 12 GW of renewable energy capacity over the next 5 years across several states. The entire exercise will require … [continued]
Inox Wind Announces $750 Million Wind Energy Investment In India
Yet another company has announced a big investment in the Indian renewable energy sector for the resource-rich state of Gujarat. One of the fast-emerging wind energy solutions providers, Inox Wind, has announced that it will invest $750 million in the state of Gujarat to set up 700 MW capacity across … [continued]
SunEdison Commits To 15 GW Renewable Energy Capacity Addition In India
SunEdison has significantly increased its planned capacity addition in India’s renewable energy sector. The US-based company has announced that it will set up 15.2 GW of solar and wind energy capacity in India over the next 5 years. The company is expected to develop solar as well as wind energy … [continued]
