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1. voda 1 maart 2015 16:57

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   Greenko's wind power capacity increases by 154MW in 9 month
   
   Business Line reported that renewable energy project developer Greenko has increased the power generation capacity by 46% in the nine month period ended December 31st, with 1,565 MW up from 1,072 MW.
   
   The company's installed wind power capacity increased by 154 MW to 715 MW. Greenko has stated it remains on track for its operational portfolio to exceed 1,000 MW this year, with all projects currently under construction being fully financed within budget.
   
   Greenko has changed its financial year from December 31st 2014 to March 31st 2015. Accordingly, the company plans to announce its audited results for 9 months during March 2015.
   
   Mr Anil Chalamalasetty, CEO and MD of Greenko, said that “In the nine months we have added 154 MW of new wind capacity and achieved a 46% increase in total power generation. Our ongoing initiatives to reduce cost of debt, through USD 550 million Bond issue in August and the USD 125 million long term loan from EIG in October, should enhance our profitability.”
   
   Power generation increased by 83% to 1,565 GWh as of December 2014 and by 46% over previous twelve months. The Group's wind portfolio contributed 660 GWh of this, with 640 GWh coming from the hydro portfolio.
   
   Three wind projects at Ratnagiri, Rayala and Basavanabagewadi would have a total combined capacity of 540 MW when fully commissioned. These have made significant progress during the period.
   
   A capacity of 338 MW of wind projects are under advanced construction, including three new wind farms at Tanot 120 MW, Vyshali 100 MW and Animala 60 MW. These projects are expected to be completed during the 2015 wind generation season.
   
   Greenko currently has 6 hydro projects under construction, with a total capacity of 188.6 MW. The largest of these is the 96 MW Dikshu project in Sikkim, which is over 80% complete is on track to commence operations during 2015 hydro generation season. 5 other hydro projects are at various states of implementation.
   
   In the June 2014, the company had acquired 70 MW Budhil hydro project in Himachal Pradesh from Lanco Infratech Limited.
   
   Source - Business Line
   
2. voda 9 april 2015 20:48

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   India's wind power capacity increases in 2014-15 by 2,297 MW
   
   Business Line reported that India’s wind power capacity increased in 2014 to 2015 by 2,297 MW, marginally higher than its achievement of 2,146 MW in the previous year. Wind turbine manufacturers Gamesa, ReGen Powertech and Inox performed better, seizing market shares from GE, Vestas, Leitner Shriram and Kenersys. Suzlon was almost flat.
   
   These numbers are lower than what the industry had hoped at the beginning of the year.
   
   However, Mr Madhusudhan Khemka, Chairman of the Indian Wind Turbine Manufacturers’ Association, said that the industry missed about 400 MW because of delays in signing power purchase agreements in a few states, notably Maharashtra and Rajasthan.
   
   Mr Khemka, who is also the CMD of the wind turbine manufacturer ReGen Powertech, said that he was confident that the current year’s installation would cross the 3,000 MW-mark.
   
   Mr Ramesh Kymal, CMD of Gamesa India, attributed the company topping the sales list to good wind research and robust products. Gamesa, a subsidiary of the Spanish wind major of the same name, expects to add 1,000 MW in the current year.
   
   Mr Kymal, a past-President of the Association, said that policy framework and implementation was key to India breaking out of the 2,500 MW to 3,000 MW level.
   
   He said that issues such as long term policy framework, assured supply of debt, enforcement of the mandatory green power purchases by the ‘obligated entities’ need to be addressed.
   
   Source : BUSINESS LINE
3. voda 21 april 2015 16:39

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   60 GW wind energy target by 2022 is easily achievable - Report
   
   According to a new report from Climate Policy Initiative and the Indian School of Business titled 'Reaching India’s renewable energy targets cost-effectively', with the appropriate policies, the Budget 2015 target of 60 GW of wind power by 2022 can easily be met with minimal government financial support, thus providing a cost-effective path for meeting India’s renewable energy targets.
   
   In the report, CPI found that, in absence of any subsidies, wind power is already cheaper than the total cost of power from a new build imported coal plant, at INR 5.87 per KWh for electricity from wind power and INR 6.81 per KWh for electricity from imported coal. The comparison with imported coal is key because this is the fuel that additional renewable energy will likely replace, rather than domestic coal or natural gas, which are limited in supply. The analysis also finds that wind power will continue to remain competitive beyond 2022.
   
   Because the government has a constrained budget, a cost-effective policy path to achieving its renewable energy targets is crucial. These findings suggest that wind power can provide a cost-effective path to meeting targets, and that the government should encourage rapid deployment of wind power through policy measures that address non-cost related barriers to wind power, for example challenges in land acquisition and delays in environmental clearances.
   
   CPI also found that, as the costs of installing solar power continue to decrease; solar power will become competitive with power from imported coal by 2019, and will require some government support from 2015 to 2019. In order to achieve the target of 20 GW of solar power by 2022, the total cost of government support would be INR 46.97 billion or INR 2.71/W, under the current federal policy of accelerated depreciation.
   
   However, this government support could be significantly reduced by 96%, by replacing the current federal policy with reduced cost, extended tenor debt. Under reduced cost, extended tenor debt, the cost of support would fall to INR 1.81 billion or INR 0.1/W. To accelerate solar power sooner to meet the Budget 2015 goal of 100 GW of solar, revised upwards from 20 GW, it would need to provide more financial support.
   
   Mr Gireesh Shrimali, fellow at Climate Policy Initiative and lead author of the study, said that “India has ambitious targets for renewable energy, however, with a limited budget, it’s important that the Government of India take the most cost-effective policy path. Wind presents a clear win-win. Adjusting current policy to more effectively deploy solar would also help lower costs.”
   
   Source : BUSINESS STANDARD
   
   
4. voda 30 april 2015 16:49

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   TATA Power crosses operating wind assets of 500 MW with Rojmal commissioning
   
   Tata Power announced the successful commissioning of 24 MW wind farm at Rojmal in Gujarat through its subsidiary, Tata Power Renewable Energy. The total capacity of the project is 54 MW and with this commissioning, Tata Power attains the landmark milestone of 511 MW through wind energy. Tata Power's total installed capacity, today, stands at 8750 MW and the clean and renewable energy capacity at 1383 MW.
   
   Source : Strategic Research Institute
5. voda 30 april 2015 16:53

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   TATA Power commissions 24 MW wind farm in Gujarat
   
   Business Standard reported that TATA Power on Wednesday commissioned 24 MW wind farm at Rojmal in Bhavnagar district through its subsidiary TATA Power Renewable Energy Limited. The total capacity of the project is 54 MW.
   
   This 24 Mw wind capacity is expected to generate around 52 million units of energy per year. With the commissioning of 24 MW wind energy, TATA Power now has a portfolio of 511 MW wind energy across the country.
   
   Mr Anil Sardana, MD and CEO of TATA Power, said that "The clean energy project is well in line with our core business value of sustainable growth, and will further enhance and increase our clean energy footprint."
   
   TATA Power's total installed capacity, today, stands at 8,750 MW and the clean and renewable energy capacity at 1,383 MW.
   
   TPREL's Rojmal wind farm utilises wind turbines from Inox Wind Ltd and sells the power to Gujarat Urja Vikas Nigam Limited under the Gujarat Wind Policy of 2013. The company also has projects under development in Rajasthan and Maharashtra.
   
   Mr Sardana said that "This is one of the many key milestones in our endeavor to generate 20% to 25% of TATA Power's total generation capacity from clean energy sources."
   
   The company has six of its renewable energy projects registered under the Clean Development Mechanism programme of the United Nations Framework Convention on Climate Change.
   
   Source : Business Standard
   

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6. voda 4 mei 2015 14:47

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   Gamesa to supply turbines of 194 MW to 6 Indian wind farms
   
   Gamesa, a global technology leader in wind energy, is to build two wind farms in India, of 50 MW and 108 MW, under turnkey arrangements1 for one of the country's leading independent power producers. Moreover, the company has secured several orders1 for the supply of another 36 MW at 4 wind farms in India.
   
   Source : Strategic Research Institute
7. voda 15 mei 2015 16:42

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   Suzlon Energy wins 90 MW order from ReNew Power
   
   Suzlon Energy, the world's 5th largest wind turbine supplier, announced that it has won new order for 90 MW turnkey project from its existing customer, ReNew Power. ReNew Power is one of the independent power producers (IPPs), with clean energy assets of more than 1000 MW of commissioned and under-construction projects.
   
   Suzlon will install its revolutionary S97 120 meter Hybrid tower WTGs with rated capacity of 2.1 MW in Ratlam district, Madhya Pradesh. Suzlon will install 29 WTGs at the site Kode and 14 WTGs at Limbwas site in Ratlam district. The project is scheduled for commissioning by March 2016.
   
   The new order of 90 MW from renew Power being a repeat order reaffirms industry's faith in Suzlon's product portfolio and service capabilities. Suzlon has commissioned 98.70 MW for ReNew Power so far and 100.80 MW is currently under execution in Rajastan.
   
   Speaking on the occasion, Mr Sumant Sinha, chairman & CEO of ReNew Power, said that “As a leading energy company, our goal is to rapidly expand our business and we wanted to partner with a company that has the right capabilities and experience to understand our business nuances and requirements. The reason Suzlon is our preferred partner of choice is the synergy in our mission to deliver clean energy solutions to meet India's rapidly expanding energy requirements as well as pave the way for a greener and more sustainable future.”
   
   Source : My Iris
   
8. voda 15 mei 2015 16:43

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   Techno Electric subsidiary sells 44.45 MW wind power assets
   
   My Iris reported that Techno Electric and Engineering Company, a provider of engineering, procurement and construction services, the company's 96.62% subsidiary Simran Wind Project, has sold 44.45 MW Wind Power Assets situated in the State of Tamil Nadu at an effective valuation of INR 2.15 billion.
   
   Post this transaction, SWPL continues to hold 117.9 MW of wind power assets.
   
   Techno Electric along with its subsidiary SWPL will have a portfolio of 162.9 MW of wind power asset post above transaction.
   
   Source : My Iris
   
9. voda 18 mei 2015 19:07

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   Thailand's RATCH to co-invest in Australian wind farm project
   
   Deal Street Asia reported that Ratchaburi Electricity Generating Holding PCL has officially got the approval from Australian regulatory agencies to set up its 180-megawatt Mount Emerald wind farm project, which is a joint venture made through its subsidiary RATCH-Australia Corporation, in Queensland.
   
   This wind farm is worth around AUD 380 million. RATCH-Australia Corp has invested in 50% equity stake in the project but it declined to disclose its partners for the other 50%.
   
   Mr Pongdith Potchana, CEO of RATCH, said that the development approval for the Mount Emerald wind farm would be another important step in expanding the company’s renewable energy business in Australia, in response to the corporate goal and strategy.
   
   It is now seeking negotiation with potential electricity buyers for the project, he said. Once finalised, the construction will be started and is estimated to be completed within 2 years.
   
   The Mount Emerald project is RATCH’s fourth wind farm in Australia, which will enable it to create an additional THB 6.2 billion enterprise value to the company.
   
   He said that “Australia is one of our established operation base creating enterprise value of THB 15 billion. Based on RATCH’s long-term strategic plan, our focus in Australia is mainly on renewable energy business especially wind farms that are abundant, attractive and potential opportunities due to the government’s promotion policy.”
   
   Currently, RAC operates three wind farms, with total installed capacity of 54 MW. If the Mount Emerald project is completed, its wind power capacity, as per equity holding in Australia, will reach 144 MW.
   
   Mr Pongdith said that in addition, RAC is developing another 200 MW project.
   
   In the Q1 of 2015, the company recognised total revenues of 16.03 billion baht. Around 15.3 billion baht was generated from domestic IPPs and SPPs, 130.43 million baht from renewable power operations in Thailand, THB 487.24 million from international power production and the remaining 114.08 million from other businesses.
   
   The profit of the quarter was posted THB 1.16 billion. RATCH targets its enterprise value to increase by 10% from 2014 to THB 133 billion this year.
   
   Source : Deal Street Asia
   
10. voda 2 juni 2015 20:28

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    Iran plans to purchase 80 wind turbines - Mr Harsini
    
    Mr Iraj Harsini, director for engineering affairs of Renewable Energies Organization, said that Iran's Renewable Energies Organization plans to purchase 80 wind turbines to be installed mainly in the southeastern Sistan Balouchestan province.
    
    Mr Harsini said that Iran, enjoying a unique strategic position, could use win as a secure source of energy for generating electricity.
    
    He said that Sistan Balouchestan, East Azerbaijan, West Azerbaijan, Qazvin, Semnan and Khorasan are good places for the installation of wind turbines.
    
    Mr Harsini said that the wind turbines could not be installed in northern and southern coasts due to irregular winds.
    
    He said that "Using wind energy brings about energy security and will contribute to curbing fossil fuel consumption because that would reduce the country's dependence on the electricity generated by power plants which are mainly fed by gas and petroleum products."
    
    According to Mr Harsini, more than 200 wind turbines are operating in Iran.
    
    Source : IRNA
    
11. voda 5 juni 2015 17:03

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    Suzlon wins turnkey project from ReNew Power in AP
    
    Published on Fri, 05 Jun 2015 35 times viewed
    
    Wind turbine manufacturer Suzlon said that it has bagged a 90.30 MW turnkey project from ReNew Power.
    
    The company said in a statement that “Suzlon Group has won another order for a 90.30 MW turnkey project from its existing customer, ReNew Power, an independent power producer. It will install its S97 90m WTGs with rated capacity of 2.1 MW in Ananthapur district, Andhra Pradesh.”
    
    The project will be jointly developed by ReNew Power and Suzlon, where the latter will act as the turnkey EPC partner.
    
    It is expected to provide electricity to 56,000 households and help check 0.195 million tonnes of CO2 emission annually.
    
    Mr Tulsi Tanti, Suzlon Group Chairman, said that “Suzlon & ReNew share a common resolve to enhance India’s renewable energy portfolio and have successfully collaborated in the past few years. We are glad to once again partner with ReNew for this project in Andhra Pradesh.”
    
    Mr Sumant Sinha, Chairman and CEO of ReNew Power, said that “Our mission is to play a pivotal role in meeting India’s growing energy needs, which requires us to partner with companies such as Suzlon that have a strong foothold in the Indian market.”
    
    Source : PTI
    
12. voda 26 juni 2015 15:42

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    GE to develop AUD 450 mln wind farm project in Australia
    
    Greentech Lead reported that General Electric will help develop a AUD 450 million wind farm in Australia. The project also involves partners Renewable Energy Systems, Partners Group and OPTrust, who will participate in financing the project.
    
    Wind turbines of GE will be used at the 240 MW Ararat wind farm in the state of Victoria, Bloomberg has reported. The wind farm is expected to be the third largest in Australia when completed.
    
    According to an estimate provided by Bloomberg New Energy Finance, with the recent passage of legislation to revise the renewable energy target of Australia, new investment to the tune of more than AUD 14 billion is expected in large wind and solar projects in that country.
    
    GE’s venture is the first contract since the policy resolution.
    
    The government of Australian Capital Territory has signed a power purchase agreement under which it will evacuate about 40% of power generated by the wind farm.
    
    According to the report, Downer EDI has been chosen to build the project.
    
    GE has in recent times been developing systems that would improve the efficiency of wind power generation. Last month it announced the development of a system that promises savings for wind project developers both in planning and installation costs and time.
    
    The Wind Collector Optimisation Service was claimed to hold the potential to save 20% of design cost and reduce design cycle times by 60%. The system has been developed by GE’s digital energy business.
    
    The company said that WCOS helps utilities, developers and contractors to create better projections of grids and to find the optimal layout for a project.
    
    Earlier this month, GE also announced the beginning of trials of ecoROTR, an experimental wind turbine design, at Tehachapi on the edge of the Mojave Desert in California.
    
    The ecoROTR has a silver aluminium dome fixed to the rotor which is expected to improve wind power generation efficiency of the turbines even in low potential areas.
    
    Source : Greentech Lead
    
13. voda 13 juli 2015 16:59

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    Australia orders AUD 10 bln energy fund to Shun Wind Power
    
    Bloomberg reported that wind farming in Australia suffered another setback with the government banning its AUD 10 billion renewable energy fund from investing in the industry.
    
    Mr Andrew Robb, Trade and Investment Minister, said in an interview that “The government sent a letter to the Clean Energy Finance Corporation outlining proposed new investment priorities, including a shift away from wind power.”
    
    Mr Tony Abbott, PM, later said reporters in Darwin that “The fund should be investing in new and emerging technologies and certainly not existing wind farms.” He said that his government’s policy is to eventually abolish the fund.
    
    Last month, the government outlined plans to appoint a commissioner to oversee wind farms and is backing research into whether they damage people’s health. Mr Abbott has labeled wind farms as ugly and noisy.
    
    Mr Andrew Bray, Australian Wind Alliance National Coordinator, said in an e-mailed statement that “The decision to prohibit new wind investment is an extraordinary and prolonged attack on a viable industry. Abbott is hammering in the final nail to the coffin of wind-energy investment himself.”
    
    Mr Robb said that “The fund has a mandate to focus on innovation in the renewable energy space, and not on mature technologies like wind, which can source funds in the commercial market.” Plans to change the fund’s investment mandate were first reported earlier by The Age newspaper.
    
    Mr Abbott has shown limited enthusiasm to join the US and China in broader global efforts to address climate change. Australia, the biggest coal exporter, has been urged by France to set an ambitious target to curb greenhouse gas emissions before a global deal to be signed in Paris in December.
    
    An announcement by Australia last month of a new renewable energy target will unlock investments of more than AUD 10 billion in new renewable projects, according to General Electric Co. The country will seek to produce 33,000 gigawatt hours of electricity from large-scale renewable energy projects by 2020.
    
    Source : Bloomberg
    
14. voda 25 juli 2015 15:28

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    Wind turbine manufacturers aim for the sky
    
    Business Line reported that wind turbine manufacturer Suzlon is wrapping up the last patch of paperwork before launching its latest turbine, the S-111. Rival Gamesa has just begun selling its latest wind turbine, the G-114, and says it will begin serial production later this year. The supply chain is being established.
    
    Both firms have said their products will generate 20% more power than their predecessors, at the same wind sites.
    
    The S-111 and G-114 are instances of windmills soaring to new “heights”. The higher you go, the more the wind you capture and the more the power you generate.
    
    In India, as the sites with the best and second-best wind speeds have all been taken up, turbine manufacturers have to make products for low wind sites.
    
    To compensate for low winds, the turbine makers opt for greater tower heights. The S-111 now comes at 95 metres. On the anvil is another version at 120 metres, which will generate 29% more electricity than the S-97 turbine with a 90-metre configuration.
    
    Gamesa’s G-114 windmill is 106 metres high. Company sources said one has been commissioned for a leading international power company in Anantapur district of Andhra Pradesh.
    
    The second is under construction in Chandgarh, Madhya Pradesh.
    
    An S-111 is yet to be sold but Mr Duncan Koerbel, Suzlon Group Chief Technology Officer, said that the company has received some orders.
    
    Other wind turbine companies are not far behind. ReGen Powertech, for instance, has said it will launch a 2 MW machine with a hub height of 115 metres in April 2016.
    
    Currently, India has installed wind power capacity of 23,590 MW, and the government’s target is to reach 60,000 MW by 2022.
    
    That’s a tall order, and it calls for tall machines.
    
    Source : Business Line
    

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15. voda 28 juli 2015 17:01

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    China's Shenhua Group plans USD 1 bln wind farm IPO in HK
    
    Reuters reported that China's biggest coal producer, Shenhua Group, plans to list its wind farm assets in an initial public offering in Hong Kong valued at up to USD 1 billion.
    
    The IPO is expected for the first half of 2016. The company has invited banks to pitch for the deal, though no mandates have yet been assigned.
    
    Source : Reuters
    

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16. voda 3 augustus 2015 19:44

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    Suzlon Energy narrows loss to INR 97 crore in Q1
    
    Business Line reported that on a standalone basis, wind energy major Suzlon Energy has cut its loss significantly and posted net loss after taxes of INR 97.4 crore for the quarter ended June 30th 2015, against a net loss of INR 433 crore for the same quarter of 2014.
    
    Total income increased to INR 1,258 crore from INR 868 crore, signifying a growth of nearly 45% YoY.
    
    On a consolidated basis, the group has turned around, posting a net profit after share in minority interest of INR 1,047 crore, against a net loss of INR 751 crore in the previous year period.
    
    Total income stood at INR 2,643 crore.
    
    In a statement, Mr Tulsi Tanti, Chairman of Suzlon, said that “Our first quarter performance reflects our turnaround journey.”
    
    The group’s consolidated net debt was down to INR 7,010 crore from INR 14,821 crore. It has an order book of 1107 MW valued at INR 6,839 crore.
    
    On January 22nd 2015, AE Rotor Holding BV, a step-down wholly owned subsidiary of the company, and its subsidiaries signed a binding agreement with US-based Centerbridge Partners LP to sell a 100% stake in Senvion SE.
    
    Source : The Business Line
    
17. voda 7 augustus 2015 19:41

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    Wind Atlas maps sites for wind energy projects
    
    
    The Public Authority for Electricity and Water, which is overseeing the formulation of a national strategy for renewable energy development in the Sultanate, has so far identified 15 sites around the country deemed optimal for wind power projects.
    
    The mapping of sites is a key objective of the Oman Wind Atlas Project, an initiative launched by the Authority to help encourage investment in wind-based renewable energy schemes in the Sultanate.
    
    The project, according to a senior official is now at an advanced stage, with the Authority preparing to erect wind masts at key locations to help in the gathering of bankable wind data, an essential prerequisite for the commercial exploitation of this resource.
    
    Mr Khalil al Zidi, Senior Engineer of Renewable Energy, PAEW, said that "The aim is to identify and rank the best sites based not only on modelling and satellite data but also on the ground characteristics. To this end, we will install wind masts at 80 metres above ground at the best sites in order to collect bankable data."
    
    Mr Al Zidi said that the Wind Atlas project, part of a string of feasibility study and pilot initiatives launched by PAEW over the last several years, has made significant headway since it was rolled out a couple of years ago.
    
    He said that the first stage of the study, focusing on the identification and ranking of the best sites for wind farms, was scheduled for completion by around the middle of this year. The focus has since shifted to stage two of the study: the installation of 80-metre-high wind masts equipped with data measuring equipment.
    
    The official characterised the lack of bankable data as a significant "challenge" for the development of renewable energy resources in the Sultanate.
    
    Source : Oman Daily Observer
    
18. voda 11 augustus 2015 16:46

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    Mytrah Energy secures additional funding for new projects
    
    Renewable energy company Mytrah Energy Limited has secured sanction for loans of INR 595 crore, supporting an additional 100 MW of wind capacity.
    
    This takes the independent power producer’s fully funded wind construction pipeline to 250 MW, it said in an update after its AGM.
    
    The year 2015 has seen the commissioning of 14.5 MW to take the operating wind capacity to 543 MW, progress on new projects in construction and the company’s entry into the solar business.
    
    The company's projects in construction are developing well, with sub-stations largely finished, civil works underway and wind turbines currently in manufacturing.
    
    In line with the company's previous guidance, it aims to bring 200 MW online before the wind season in 2016.
    
    As part of the company's capacity expansion plan, it has formed new relationships with wind turbine manufacturers General Electric and Inox Wind. Joining 3 existing suppliers, GE and Inox Wind would provide further diversification in turbine technology and security of supply for the wind construction pipeline.
    
    The Hyderabad-based company, listed on AIM of the London Stock Exchange, has said it has also raised USD 130 million since November 2014. Goldman Sachs has joined it as one of the investors, the others being Apollo Funds and Merrill Lynch International in the most recent tranche of this financing earlier in the year.
    
    The company said 543 MW of operating portfolio is performing well, with some plants exceeding 99% mechanical availability.
    
    The current wind season started more slowly than expected, but the company has seen improvement in July and expects this will continue through the remainder of the year.
    
    Source : Business Line
    
19. voda 26 augustus 2015 17:11

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    India’s National Stock Exchange switches to wind power
    
    Clean Technica reported that one of the leading stock exchanges in India, the National Stock Exchange, has invested in a wind energy project for captive power consumption. The stock exchange, the largest in India in terms of daily volume traded, will fulfil 65% of its power demand from the wind energy project.
    
    NSE partnered with one of India’s largest wind energy solutions provider, Suzlon Energy, to set up the 6.25 MW project, which is expected to offset greenhouse gas emissions equivalent to 12,730 tonne of carbon dioxide every year.
    
    NSE has taken several measures to boost energy efficiency and increase consumption of renewable energy at the Exchange Plaza, the headquarters of the NSE. The exchange conducted an audit on the water and carbon footprint of the Exchange Plaza, experimented with demand response program with the local power utility; implemented thermal energy storage for air-conditioning systems during peak hours; and uses solar-powered lighting systems.
    
    Through the changes in the laws and regulations over the last few years, Indian companies are now required to pay more emphasis to their corporate social responsibility, with amendments made to the Companies Act now requiring companies to invest more in environmental and social causes.
    
    Several large companies are now looking to increase the share of electricity they procure from renewable energy sources. Infosys, one of the leading IT companies in India, and the world, has announced plans to switch to 100% renewable energy by 2018. Other companies are also looking to replace diesel-based power generators with small-scale solar power projects or have invested in group captive wind energy projects that feed to several consumers.
    
    Source : Clean Technica
    
20. voda 28 augustus 2015 16:14

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    European banks supporting Australian wind power
    
    We all know renewable power is the fastest growing market in energy, but did you know that wind, of all the renewable energy sources, was the most popular among them?
    
    We've talked previously about Australia’s wind power ambitions, and the opposition it faced. Now, as more supporters emerge, the South Australian Canberra is taking that ambition to a new level.
    
    Already Canberra and the Australian Capital Territory Government are poised Australia Wind Powerto be running on 90% renewable electricity by 2020. Now, they want to go the extra mile and achieve 100% renewable energy by 2025.
    
    And one French company has stepped up to help.
    
    Neoen, a solely renewable energy developer, builder, and financer, has joined with the ACT Government in a $250 million venture to build Europe’s largest wind farm.
    
    The project will include 32 wind turbines installed across the South Australian hills. Neoen already owns Australia’s Hornsdale wind project, which it plans to expand after this venture with another round of public funding. An estimated $500 million more will be used to add wind turbines to the Australian national grid.
    
    The wind energy market is becoming more and more competitive as the popularity of the technology grows. But Neoen has an advantage over many other similar companies: it has several European Banks funding it.
    
    The vote of support and investment from Europe is set to be long term, with some contracts already signed for the next 20 years.
    
    Neoen, and wind power companies like it, will need that kind of funding to keep renewable energy commercially available. Already, renewable sources account for 14% of Australian electricity, and 4% of that is wind according to Origin Energy, Australia’s leading integrated energy company.
    
    And as the technology gets better, wind power is even becoming competitive with conventional fossil fuels on the electricity market.
    
    Mr Frank Woitiez, Managing Director of Neoen Australia, said these ventures would not have been possible without the financial support of the ACT Government and European Banks; and future projects will need similar support to stay valuable to the public.
    
    Source : Energy and Capital