Search Result for : Wind Power

The Dollar Business Bureau It has been a little over one year since the Paris deal on Climate change was signed in December 2015, and only a few months since it came into effect after being ratified by around 130 nations. The UN Secretary General, Antonio Guterres, drew attention to the fast expanding clean energy revolution at a UN General Assembly event on March 25, 2017. The international peace-keeping mission leader emphasized India's long strides in augmenting renewable energy capacity, as he spoke about India's target to almost double renewable power capacity to 18GW in 2017. He mentioned that more than half of the new capacity in energy generation worldwide was being created in the green fuel sector. In Europe, the share is more than 90%. While there are ...

The Dollar Business Bureau India and Norway have a joint call to target companies for innovation projects in the area of renewable energy. “A joint call was launched between the Department of Science and Technology (DST) of India and Research Council of Norway during a matchmaking workshop at the Norwegian Embassy on renewable energy,” according to an official statement. “The call is for $1 million, targeting innovation projects in companies collaborating with research institutions in the field of renewable energy,” it said. Nearly 80 participants from both the countries had a prosperous and comprehensive discussion on the area. The representatives from both the sides also had a discussion on a broad range of topics such as solar power, wind power, hydro energy, energy storage, artificial ...

Sheela Mamidenna J. Jayalalithaa, the able and charismatic Chief Minister of Tamil Nadu, passed away on December 5 while undergoing treatment at Chennai. Known for her acumen as a keen administrator, shrewd politician and an erudite speaker, Jayalalithaa took on the development of the state of Tamil Nadu on a war footing with an iron hand. She realised early on in her career that people wanted an able administrator who would take care of all their needs and she listened to them. By offering freebies and massive subsidies, Jayalalithaa or 'Amma' as she was fondly called became the darling of her people. Among the most ambitious of her projects was the power generation and supply project. Power generation and supply Tamil Nadu, once power-surplus, literally ...

The Dollar Business Bureau The board of NTPC, India's biggest energy conglomerate, has cleared Rs.323.35 crore investment in the public sector unit’s (PSU) first wind power project of 50 MW in Rojmal, Gujarat. In its BSE filing, the company said, “The Board of Directors of NTPC in its meeting held on November 30, 2016 has accorded investment approval for Rojmal Wind Energy Project (50 MW) in Gujarat at an appraised estimated cost of Rs.323.35 crore subject to signing of Power Project Agreement.” This will be NTPC’s first wind energy project, the statement said. The state-run power company has drafted its business strategy of adding capacity through renewable resources to about 1,000 MW by 2017. To achieve this endeavour, the PSU has so far ...

The Dollar Business Bureau India’s wind energy solution provider Inox Wind Ltd has secured an order for 50 MW wind power project from Atria Wind Power on Monday. This project will be commissioned by March next year in the state of Gujarat, the company said in a statement. According to Inox Wind, the order comprises the supply as well as the installation of 25 units of 113 metre rotor diametre turbine combined with the 120 metre hub height tower. The combination of technologically advanced wind turbine variant together with the higher hub height enables it to maximise the wind resources at the site.    Inox Wind will provide end to end solutions to Atria Wind Power as part of this turnkey order. The wind energy ...

The Dollar Business Bureau Global power generation may attract around $11.4 trillion investment in the next 25 years, Bloomberg New Energy Finance (BNEF) forecasted in its New Energy Outlook 2016. Though the prices of coal and gas are likely to remain low, electricity system all over the world could gravitate towards renewable sources in the next few decades, it said. Emerging countries would dominate in gaining huge investments in power generation through coal and gas. Over $1.2 trillion will be invested in new coal-based power plants, while $892 billion will be spent on new gas-based power plants. More than $7.8 trillion will be invested in renewable power with wind power attracting $3.1 trillion, solar power $3.4 trillion, and hydro-electric power $911 billion, ...

The Dollar Business Bureau  Tata Power announced that it will acquire Welspun Renewable Energy Pvt (WREPL) for an undisclosed amount. Welspun Renewable Energy Pvt is a subsidiary of Welspun Energy. In a statement released, it was announced that the subsidiary of Tata Power, Tata Power Renewable Energy will acquire WREPL through share purchase agreements. WREPL has the largest operating solar portfolios and is spread across 10 states. It has 1,140 MW of renewable power project works consisting of about 990 MW solar power projects and 150 MW of wind power projects. Sources from the market have said that the deal size could range between Rs.6000 to 7000 crore.  Of the total 1,140 MW of the renewable portfolio, nearly 1000 MW of the capacity is ...

The Dollar Business Bureau LM Wind Power, the world's largest independent supplier of wind turbine rotor blades, announced the inauguration of its second plant in India on Wednesday. The first announcement was made in November 2015. The Denmark-based company said in a release  that the manufacturing unit situated in Vadodara, Gujarat has begun production of wind turbine blades almost a month ahead of its schedule,. The release quoted Marc de Jong, CEO, LM Wind Power as saying that the addition of a new plant in our manufacturing operations allows us to serve our growing base of customers in India. “With this new manufacturing plant, we are able to create employment, provide advanced training and develop technical skills in Gujarat as well as help to ...