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EIB to give 200 m for renewable energy projects
March 2014
Renewable energy and energy efficiency projects in India are set to get a push with a Rs 200 million line of credit from the European Investment Bank given to the Indian Renewable Energy Development Agency (IREDA). IREDA, the financing arm of the MNRE, has financed over 2,000 projects worth about Rs 22,500 crore.
China Sunergy achieves major milestone of international development
February 2014
China Sunergy announced that it has completed the sale of a solar farm project to Lightsource Renewable Energy Ltd, which is UK's leading solar energy generator. The project, located in the southwest of Cornwall in the United Kingdom (UK) was connected to the grid at the end of March of this year and now generates enough local green electricity to power over 1,500 households.
WAAREE Energies to foray into Leh
February 2014
WAAREE Energies, one of the most diversified players in the Indian solar sector, is installing a 25,000-LPD capacity solar water heater for Ladakh Renewable Energy Development Agency at Leh, Ladakh. With this project, the company is penetrating the solar thermal market with installations at areas with challenging topography depicting its wide reach and also contributing to reduce carbon emissions in the environment, it said in a statement.
Growth in solar energy to be enabled through collective RPOs
February 2014
The overall sentiment of solar project installation is very upbeat, however, on the manufacturing front, it is still slightly down. Going ahead, with rise in solar capacity addition, local procurement and sourcing is expected to grow, says Rajaram Pai, Business Leader, DuPont Electronics and Communications and Photovoltaic (PV) Solutions, South Asia, in an interaction with Pradeep Pandey.
Renewable energy projects worth Rs.30,000 crore being implemented in MP
February 2014
Renewable energy projects worth Rs 30,000 crore are being implemented in Madhya Pradesh, which have quietly reached out to companies and attracted GE, Reliance Power, Spanish wind major Gamesa and others, giving tough competition to Gujarat in the sector.
India and UAE agree to promote cooperation in renewable energy
February 2014
India and UAE have agreed to promote cooperation in renewable energy, especially in the areas of solar energy and wind power. A MoU was signed in Abu Dhabi on 18t January. The MoU was signed by Dr Farooq Abdullah, Minister of New and Renewable Energy of India and Dr Sultan Ahmed Al Jaber, Minister ofState of UAE. Both the countries also agreed to form a Joint Working Group for better coordination through joint research on subjects of mutual interest, exchange and training, etc.
Tamil Nadu tops electricity generation through wind farms
January 2014
Tamil Nadu ranks first in electricity generation in the country through wind farming with just 74 wind monitoring stations. Minister for New and Renewable Energy Farooq Abdullah said the country generated about 19,934 MW of electricity through wind farming and has over 746 wind monitoring stations across 31 states.
Andhra Pradesh to have 2 solar cities
January 2014
Andhra Pradesh will have two solar cities one each in Telangana and coastal Andhra regions. They will be developed as part of the national plan unveiled by the Union Ministry of Renewable Energy.
Warren Buffett orders for wind turbines
January 2014
Renowned investor Warren Buffett's Berkshire Hathaway Inc company has decided to order about $1 billion of wind turbines for projects in Iowa and it tells how a drop in equipment costs is making renewable energy more competitive with power from fossil fuels. Worldwide, turbine prices have fallen 26 per cent since the first half of 2009, bringing wind power within 5.5 per cent of the cost of electricity from coal.
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