Search Result for : Renewable Energy Sector

The Dollar Business Bureau India and the UK on Tuesday agreed to set up clean energy projects with combined investments of £500 million. On Tuesday, UK Chancellor of the Exchequer Philip Hammond who is leading a high-profile trade delegation to India, met Finance Minister Arun Jaitely and expressed commitment to invest in India’s clean energy needs. In the first phase, the two countries will invest £120 million each in the joint fund. They, however, vow to raise about £500 million. According to Jaitley, “The Green Growth Equity Fund will be a sub-fund of NIIF. “We have established the NIIF. Our first major step in the fund has been taken and there is going to be a sub-fund. With the NIIF participating in it, ...

The Dollar Business Bureau Interview of Dr. Kazuhiro Imaie, MD of Hitachi Hi-Rel., India Q.1: How did Hitachi make Hitachi Hi-Rel Power Electronics (HHPE) in India a Wholly-Owned Subsidiary of Hitachi. The demand for power electronics products is expected to increase in keeping with the development of various industries in India and Southeast Asia as well as the recent rapid growth of renewable energy market worldwide. With this background, Hitachi has decided to take direct control of Hitachi Hi-Rel operations by acquiring 100% stake in Oct 2015, after gaining a major stake way back in 2011. This was done mainly to reinforce the power electronics business through increasing product competitiveness and expanding application fields by enhancing Hitachi Hi-Rel’s R&D, design, and manufacturing structures by ...

The Dollar Business Bureau   India will file as many as 16 cases against the US at the World Trade Organization (WTO) as some US programmes in the renewable energy sector are not in accordance with WTO norms, Commerce and Industry Minister Nirmala Sitharaman told Parliament on Wednesday. She said that India believes certain renewable energy programmes of the US at the sub-federal level are inconsistent with WTO provisions, particularly with respect to the obligation under GATT (General Agreement on Tariff and Trade) 1994, Agreement on Subsidies and Countervailing Measures and/or TRIMS (Trade-Related Investment Measures) Agreement. The US had earlier won a case against India at the WTO in February after questioning the rules on the origin of solar cells and solar modules used ...

Several renewable energy agreements were signed between state-owned enterprises, Indian power companies, and global renewable energy firms The Dollar Business Bureau India is executing one of the most radical energy sector transformations ever undertaken, and this year (2015) has shown that the flow of finance is matching the ambition   Indias renewable energy sector has undergone a paradigm shift as a result of investments worth more than $100 billion over the last eight months in 2015, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report titled Indias Electricity Sector Transformation says there has been an influx of global capitals into India as the country moves toward its goal of installing 175 gigawatts of renewable energy by ...

Sai Nikesh | The Dollar Business In a major boost to the government’s initiative to encourage the use of renewable energy, state-run oil companies are keen on promoting such projects in the country. Several state-run fuel retailers were said to be ready to extend easy loans to petrol pump owners to help them in setting up solar power plants as part of the ‘go green’ initiative. Speaking to The Dollar Business, Pranav Mehta, chairman, National Solar Energy Federation of India (NSEFI), said, “Such move by state-run oil firms is definitely a positive move and this will greatly reduce load on the state utility.” This will also be a step ahead towards decentralization of power generation, which is the prior need of ...