The world’s largest solar engineering, procurement, and construction firm has selected Nextracker to supply trackers for a mega solar power project in India. According to media reports, Sterling and Wilson Renewable Energy will procure trackers for a 1.56 gigawatt solar power project in the state of Gujarat. The company is … [continued]
Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country. Cleantech Investments Borosil Renewables Acquires Majority Stake In European Solar Glass Maker India’s largest solar glass … [continued]
Debt-laden Indian wind energy solutions provider Suzlon Energy has finally received two critical lifelines from its lenders and bondholders.
Months after German wind turbine maker Senvion announced the sale of some assets to competitor Siemens Gamesa, it has found a strategic investor for one of its subsidiaries as well.
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
Senvion recently reported that it entered an agreement with Siemens Gamesa to discuss the sale of some assets. The agreement is part of insolvency plans agreed upon by Senvion with its creditors. The company is reportedly looking to sell some wind energy projects to Siemens Gamesa, which would be an attractive venture for the latter.
Large renewable energy companies in India continue to face difficult times as yet another wind energy major reports poor financial results in the second quarter.
One of the worst fears of the leading wind energy company in India has come true. For years, Suzlon Energy had been flirting with financial turmoil and recently the company witnessed a rather unfortunate milestone which could define the company’s future.
Yet another renewable energy major in India is facing a huge financial challenge and has attracted interest from foreign investors.
One of India’s leading wind energy solutions providers, Suzlon Energy, has claimed that it had the highest market share in India in the financial year 2018-19.
