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Round-the-clock renewable energy tenders worry developers

By : Sustainability ..., May 27, 2020

Renewable energy developers are uneasy about the government’s recent focus on round-the-clock solar and wind tenders, as they feel this may not be workable in practice. The ministry of new and renewable energy conducted a round-the-clock (RTC) auction earlier this month for...

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Tata Power’s Renewable Portfolio Grows 7% to 3,883 MW in Q4 FY20

By : Sustainability ..., May 27, 2020

Utility giant Tata Power on Wednesday reported a 7 percent surge in its renewable energy portfolio, which includes clean and green energy projects, and stood at 3,883 MW from the corresponding quarter in FY19. The country’s one of the largest integrated power company said...

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Inox Wind arm sells 51 pc stake in Sri Pavan Energy

By : Sustainability ..., May 26, 2020

Wind turbine maker Inox Wind on Friday said its arm Inox Wind Infrastructure Services has sold its entire 51 per cent stake in Sri Pavan Energy for Rs 5.1 lakh. "Our wholly owned subsidiary, Inox Wind Infrastructure Services Ltd (IWISL) has sold its entire 51 per cent...

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India Must Intensify Policy Reforms to hit 60 GW Wind Target by 2022: Report

By : Sustainability ..., May 14, 2020

According to a new report, wind energy capacity in India can only realistically reach 50 GW by 2022. And, efforts by the government to lower barriers around market design, grid infrastructure and land allocation must be intensified, in order to revive auction appetite and...

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Inox Wind begins execution of 1st phase of wind power projects in Gujarat

By : Sustainability ..., May 11, 2020

Wind energy solutions provider Inox Wind on Monday said it has begun executing the first phase of 250-megawatt wind power projects in Gujarat following the receipt of certain advances. The first phase of the projects is scheduled to be commissioned in the third quarter of the...

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Siemens Gamesa warns coronavirus will keep squeezing 2020 finances

By : Sustainability ..., May 7, 2020

Wind turbine maker Siemens Gamesa said on Wednesday that project delays and supply chain disruptions caused by the coronavirus outbreak would continue to drag on its earnings this year after squeezing profitability in the second quarter. Despite building up a record-breaking...

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COVID-19 impact: Green energy installation trips in February, March

By : Sustainability ..., May 4, 2020

Only 222 mw of solar capacity and 25 mw of wind capacity was installed in March as activities came to a halt following the Covid-19 outbreak, and installation would remain slow for another two months, said industry. Construction work began to slow down around the first week...

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Dropping Prices of Solar, Wind and Storage a Risk for Existing Coal, Gas: BNEF

By : Sustainability ..., Apr 30, 2020

The latest analysis by research company BloombergNEF (BNEF) shows that the global benchmark levelised cost of electricity, or LCOE, for onshore wind and utility-scale PV, has fallen 9 percent and 4 percent since the second half of 2019 – to USD 44 and USD 50/MWh, respectively...

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IL&FS completes sale of IL&FS Wind Power Services amid lockdown

By : Sustainability ..., Apr 17, 2020

IL&FS has completed the sale of IL&FS Wind Power Services (IWSPL), a wholly owned subsidiary of IL&FS Energy Development Company Limited (IEDCL), to ORIX Corporation, Japan. IWSPL is engaged in providing supervisory and management support services to seven...

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Vestas Wind A/S : Wind turbine maker Vestas suspends 2020 outlook amid coronavirus

By : Sustainability ..., Apr 8, 2020

Vestas, the world's largest maker of wind turbines, suspended its 2020 outlook on Tuesday as measures to curb the spread of the coronavirus disrupted its manufacturing, supply chain and installations at wind parks. The suspension comes at a time when demand for renewable...

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