Page 7 - Wind Energy

Inox Wind, Inox Green Energy Services reduce debt by Rs 411 crore

Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore. Inox Wind Ltd and its subsidiary Inox Green Energy Services Ltd, as part of the strategic initiative to deleverage their respective balance sheets, have recently paid Rs 250 crore and Rs 161 crore (aggregating to Rs. 411 crore) towards reducing their debt, an exchange filing said. Consequently, the corporate guarantees given by Gujarat Fluorochemicals Ltd have also got reduced to that extent. Both the companies are in the process of further reducing their debt in due course, it added. Inox Wind Ltd is India's leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors. Inox Wind is a fully integrated player in the wind energy market with three stateof-the-art manufacturing Plants in Gujarat, Himachal Pradesh and Madhya Pradesh. Inox Wind's manufacturing capacity stands at 1,600 MW per annum. Inox Green Energy

Adani New Industries installs wind turbine, taller than Statue of Unity

A wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd as part of its renewable energy expansion plans. "Adani New Industries Limited (ANIL) on Thursday announced the installation of country's largest Wind Turbine Generator (WTG) in Mundra, Gujarat," a company statement said. The turbine has been installed by Mundra Windtech Ltd (MWL), a wholly-owned subsidiary incorporated by Adani Enterprises Ltd (AEL). This prototype is also the first addition to the portfolio of Adani New Industries Ltd (ANIL) and has laid the foundation for installation of even bigger wind turbine generators, it stated. Milind Kulkarni, Chief Operating Officer (COO), MWL, said, "The proto assembly was completed in a record of 19 days. It is installed, commissioned, and we shall soon go for a type certification now." "This prototype has laid a foundation stone for us to go for

Climate change as business: Crisis, opportunity and everything in between

As the world changes with changing realities, some businesses will suffer. But in any case India has an unplanned advantage: It has to destroy less of the old to make way for the new, writes T N Ninan

Rajasthan to tap solar energy to fulfil electricity demand in agri sector

Rajasthan's solar generation potential has been assessed at 142 Gw. The state government plans to harness this potential systematically and has set an ambitious target of 30 Gw capacity by 2024-25

Suzlon bags 180.6 MW energy project from Sembcorp's Green Infra Wind Energy

Renewable energy solution provider Suzlon Energy on Tuesday said that it has won an order to set up 180.6 MW wind energy project from Sembcorp's arm Green Infra Wind Energy Ltd. "Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 180.6 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Limited," a BSE filing said. Suzlon will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at Kanakagiribad, Bagalkot in Karnataka, and is expected to be commissioned in 2024. Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also provide comprehensive operation and maintenance services after commissioning of the project. This order is part of the bid won under the SECI (Solar Energy Corporation of India) tranche XI auctions

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

India's solar, wind energy potential likely to dip due to climate change

Solar and wind potential in India are likely to face a negative trend in the future due to climate change, according to a new study by Pune-based Indian Institute of Tropical Meteorology. The researchers used state-of-the-art climate models devised by the Intergovernmental Panel on Climate Change (IPCC) to analyse the wind and solar projections for the renewable energy sector over the Indian subcontinent. The seasonal and annual wind speed is likely to decrease over North India and increase along South India. The southern coast of Odisha and the southern Indian states of Andhra Pradesh and Tamil Nadu show promising potential for wind energy in the climate change scenario, said the study titled 'Analysis of future wind and solar potential over India using climate models'. The study was published in the peer-reviewed journal Current Science recently. Regional analysis of wind potential indicates that the frequency of high energy producing wind speeds will decrease, whereas low energy

Wind energy charts new course with policy clarity, new bidding model

Buffeted by ten years of policy flip flops, the sector is hoping a new bidding model will introduce a breath of fresh air

Centre set to abolish reverse auction bidding in wind energy sector

"The lowest tariff, or L1, would be averaged for these states. The power from these projects will be bundled and sold by SECI," said a source

Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI

Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing

JSW Energy subsidiary gets order for 300 MW wind capacity from Solar Energy

The company bagged the project in a tariff-based competitive bids invited by SECI for setting up of 1,200 MW ISTS-connected wind power projects (Tranche - XII), it said.

World energy crisis would be even worse without China's rainy season

Hydro is still China's biggest carbon-free energy resource, accounting for about as much power as solar, wind and nuclear combined, although growth has flattened as topography limits expansion

China aims to build 450 GW of solar, wind power on Gobi desert

President Xi Jinping has pledged to bring China's total wind and solar capacity to at least 1,200 GW and to cap its carbon emission to a peak by 2030

Green energy capex on a charged-up rebound, says CRISIL analysis

Credit profiles seen stable, given strong accruals and investor interest

High cost, challenges: Why offshore wind energy potential remains untapped

High initial costs, and a lack of government financial support means progress has been slow

Inox Group to split between two Jain brothers in 'amicable settlement'

Pavan gets Inox Leisure, India's second-largest multiplex company; Vivek to control speciality chemicals and green energy businesses.

Inter-ministerial coordination needed for higher RE investments: Experts

India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector

Adani Green Energy subsidiary bags 450 MW wind energy project

Adani Renewable Energy Holding Fifteen has received a letter of award (LOA) for setting up the project.

World's shift to renewable energy could pay the price for fuel crisis

Low prices, until recently, for energy of all types might have left consumers with too-rosy a picture of how much they will pay for fuel.

India adds 6,530 MW solar, wind capacities during July 2020-June 2021: Rpt

India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, a report said on Wednesday