Suzlon Energy Quarterly Losses Deepen

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]

Reserve Bank Of India Notifies Renewable Energy Under Priority Sector Lending

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]

ABB Lands $55 Million Eolicas do Sul Contract for Substation, Equipment Infrastructure

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.