National

dlf

DLF confident of divesting stake in wind business by FY13

In July this year, DLF obtained an approval from its shareholders to sell the company’s wind energy business. Shareholders approved the resolution through a postal ballot. On 18 June, the company had sought shareholders’ approval … More →

GE

GE Wins Indian Wind Share as Suzlon, Vestas Suffer Market Shift

A shift in India’s wind market toward bigger, more efficient projects is benefiting General Electric Co. (GE) as dominant turbine suppliers Suzlon Energy Ltd. (SUEL) and Vestas Wind Systems A/S (VWS) see cash dwindle. “The … More →

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Suzlon reports disappointing numbers-consolidated net loss at Rs 8.08 billion in Q2

Wind turbine supplier Suzlon Energy  has posted a consolidated net loss of Rs 808 crore in the July-September quarter of FY13 as against profit of Rs 48 crore in the corresponding quarter of last fiscal. … More →

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Suzlon in talks with lenders for restructuring plans

Suzlon Energy Ltd., India’s biggest and the world’s fifth largest wind turbine company, has initiated talks with its lenders to restructure its debt. The major issues that the company is facing are the liquidity to … More →

tata power

Tata Power Eyes Renewable Energy for Growth

Tata Power Co.  plans to expand its renewable power capacity to 6,000 megawatts by 2020, a senior company executive said. India’s top private power utility by capacity is also in talks to acquire renewable assets … More →

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Wind industry upbeat over restoration of accelerated depreciation

Since the beginning of the current financial year the wind power industry has had much to despair about. With the removal of both ‘accelerated depreciation’ (AD) and generation-based incentive’ (GBI) the interest level among the … More →

Gamesa

GAMESA India Bags Star Performer Award from GAIL

The Public Sector Undertaking, GAIL (India), has conferred its “Best Performance Award for wind  to GAMESA, India. The award was given away by the Executive Director (Projects), Dr. Ashutosh Karnatak, to GAMESA India for 2011-12 … More →

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Suzlon in talks with lenders on revamping debt

Suzlon Energy Ltd, the world’s fifth largest wind turbine maker, has initiated discussions with lenders to restructure its debt. Suzlon, which had a debt of Rs.13,017 crore at end-June, also decided to suspend its guidance … More →

ReGen Powertech

Global venture capital funding in wind sector touches $17 million in Q2, driven by India’s ReGen Powertech

The global Venture Capital (VC) funding in the wind sector reached $17 million in the second quarter this year, driven by India’s ReGen Powertech which raised nearly half of the total kitty. According to Mercom … More →

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NuPower Renewables gets Rs.750 cr PNB funding

 NuPower Renewables Ltd , a Mumbai-based wind energy firm, has raised Rs. 750 crore via a 12-year term loan from Punjab National Bank ( PNB ), according to two persons with direct knowledge of the … More →