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News Archive

Enel Secured 285 MW Wind Power Project in India

It is learnt that Enel's Indian renewable subsidiary BLP Energy secured the right to supply contract for a 285 MW windfarm in Gujarat.
The project was awarded to BPL Energy under the 2000 MW national wind tender, which was issued by government-owned company Solar Energy Corporation of India (SECI).

Tamil Nadu floats tender very soon for Solar and Wind Projects

It is learnt that Tamil Nadu will issue tenders of 1.5 GW each for solar and wind energy. The state utility Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has been actively looking to increase renewable energy capacity in its power mix as the tariff bids for solar and wind energy projects have collapsed sharply over the last few months across the country.

Hero group completed India first solar-wind hybrid project

It is learnt Hero future Energies has completed India's first solar and wind energy hybrid project in the state of Karnataka. The project is at Kavithal, Raichur District, which included an existing 50MW wind farm, now has a neighbouring 28.8MW solar PV site to form a hybrid system.

Siemens Gamesa secures multiple wind power project orders in India

It is learnt that Siemens Gamesa has secured multiple wind power project orders in India for a total of 140 MW. In these contracts, Siemens Gamesa will supply, install and commission 41 units of the G97-2.0 MW turbines and 29 units of the SG 2.0-114 model across several sites. Company will handle the entire infrastructure.

KP Energy ties up with Global WTG manufacturer for Wind Power Project

It is learnt that KP Energy has tied up with an Indian subsidiary of Europe based renowned Global WTG (Wind Turbine Generator) Manufacturer for developing Wind Power Project of 300 MW (130 no. Wind Turbine Generators of 2.3 MW each) at its Hajipir Site, Kutch, Gujarat. The project shall be connected with ISTS (Inter State Transmission System) Network of Central Transmission Utility.

MNRE invites EOI for offshore wind energy project

It is learnt that Ministry of New and Renewable Energy (MNRE) through the National Institute of Wind Energy (NIWE) has invited Expression of Interest (EOI) for the development of the country's first commercial offshore wind farm project with a capacity of 1GW off the coast of the western state of Gujarat in the Arabian Sea.

Gamesa Receives 160 MW solar EPC contracts in South India

Spanish wind turbine-maker Siemens Gamesa has secured two engineering, procurement and construction (EPC) contracts for two solar projects in the south India.

Two solar farms will be located in the southern states of Tamil Nadu and Karnataka. One of the projects is a 100 MW solar project In Tamil Nadu and the other is a 60 MW project in Karnataka.

Enercon offers 3.5 MW WEG in Indian Market

It is learnt that German Manufacturer Enercon intends to offer its two models E126 and E138 of 3.5MW Wind Electric Generators in Indian Market. Both are designed for sites with moderate and low winds. These are the highest rating WEGs in Indian market.

Global scenario improves with 52.5 Gw Wind Installations in 2017

Global scenario improved with 52.5 Gw Wind Installations in 2017, as the gross total reached to 539.5 Gw.
The annual market statistics of the GWEC states that it was much useful progress in the wind energy sector across globe. The major contribution of 19.5 Gw installed is by China in the year and US and Germany did close to 7 Gw.

Indian Renewable energy capacity beyond high of 62.05 GW. The gross installed Renewable energy capacity in India reached a high of 62.05 GW by end of 2017. The ratios are like this : Wind: 32.75 GW and Solar: 16.61 GW, Bio-power: 8.29 GW and Small hydro power:4.40 GW.

The gross installed Renewable energy capacity in India reached a high of 62.05 GW by end of 2017. The ratios are like this : Wind: 32.75 GW and Solar: 16.61 GW, Bio-power: 8.29 GW and Small hydro power:4.40 GW.

ICRA sees challenge of viability in tariff competitiveness

ICRA sees challenge in Wind power tariff competitiveness on observing that improvement in tariff competitiveness of wind energy vis-a-vis conventional energy sources, but together, the lowering down of Rate to 2.64 Rs. also may raise viability factor before bidders.

While bids for 5,000 MW is being issued by MNRE year, it has been noted that tariff in the reverse auction in October, 2017 showed a drop by significant no. to Rs 2.64 per unit from Rs 3.46 noted in first auction. But, as the competitiveness is increasing, it also raises issue of viability and its attached impacts. In March2018, this new bid is due.

Auction 5 GW offshore wind projects in India

It is learned that the Govt. of India Ministry, MNRE plans to auction 5 Gegawatt offshore wind power capacities in year2018. The Hon. Minister RK Singh opined that the country will surpass its target of having 175 GW renewable energy capacity by 2022, taking it to 200 GW.

On wind energy, the Ministry shall auction 9 GW in this fiscal, which also includes already auctioned capacities. The next two fiscals will see bidding of 10 GW each. The government is also looking to auction 5 GW of offshore wind projects in 2018.

Tamil Nadu ranked 9th amongst top 10 renewable energy markets

Indian state of Tamil Nadu has been ranked 9th in the Global Energy Markets according to a recent study which was done by IEEFA ( Institute for Energy Economics and Financial Analysis ), an international research organisation situated in Cleveland, US.
In a report published, IEEFA also said that Tamil Nadu can increase its Solar Power upto 6 folds and double the Wind Power Capacity from the currently existing in the next 10 years.

Over 95K of Wind Power will be generated

As specified by RK Singh, Minister of State, Govt of India, by November end , 2017, the Wind Power lot of 467 MW capacity was cumulatively added.
He said that India's Solar Energy Corporation allocated over 2,000 MW of Wind Power Capacity in the auctions held twice, last year. The auctions were done in the states of Gujarat, TamilNadu and Maharashtra.
He revealed that the ministry has come to a conclusion that auctions for 4K MW capacity will be done for the projects, this financial year. He said that by the end of the current financial year, 95K MW of Wind Power Capacity has to be allocated successfully.

Tariffs drop upto 30% in Indian Wind Sector

The Wind Energy Auctions in India had their debut on a national level, Feburary, past year. Over 1050 MW of capacity was distributed to the 5 major producers out of the 1000 MW of proposal offered by SECI (Solar Energy Corporation of India). The minimum tariff reached a price of 3.46/KWH. These auctions were held in the Indian state of TamilNadu, the state itself allocating 450MW of capacity, ranking 1st in the installed wind power capacity in the country.
SECI, in October, past year did this again by tendering 1K MW of capacity and the successful allocation of a 1,050 MW of capacity was done but this time the price hit an all time low of 2.64/KWH . These were not the cheapest just in India but the lowest for any wind power project, in the history.
These auctions were followed by the "WIND ENERGY TENDERS", organized in the state of Gujarat, December, 2017 at a tariff of 2.43/KWH. The state had allocated 403 MW of Wind Power Capacity by the time.

PM's aspirations to expand Solar Energy

Prime Minister Shri Narendra Modi in a recent speech mentioned the goals he had set in the month of November last year to achieve a total of 175 GW of installed renewable energy capacity by the end of 2022. He cited, how the actual preference was to be given to Solar Energy which would produce a 100GW and the rest from the Wind Power. Currently, the installed Solar Capacity of India is only 16 GW and that of Wind Power is 33 GW. Almost 37.7 GWs of capacity needs to be increased each year for the next 3 years to come to meeting these ambitious targets. The good news, though is that with over 200 Million consumers, the power sector in India holds the 3rd position, right after China, followed by the US.

Job Cuts in Indian Wind Industry In Wake of Wind Auction

It is learnt that many industries have to curtail the work force and close the operations after the auction of wind power in India as in most of the states PPAs are not being executed on preferential tariff and no projects are being executed for sale to utility at preferential tariff.

3rd Quarter Witnessed Lowest Capacity Addition of Wind Power in India

It is learnt that the 3rd quarter of July-September 2017 has witnessed a record lowest wind power capacity addition of just 192 megawatts since data is available. Capacity addition declined from 228 megawatts, which was also the lowest until that time.

Experts say that India's shift to competitive auctions in the wind energy sector led to this sharp decline in capacity addition.

SECI to Conduct 3rd Auction of 2000 MW Wind Power Project

Ministry of New and Renewable Energy (MNRE), Government of India has recently announced that it will conduct auction for awarding wind power projects with a total capacity of 2,000 Megawatt in the upcoming third phase of the bidding plan.

The scheme is for setting up 2,000 MW wind power projects connected to Inter-State Transmission System (ISTS). A bidder can bid for a minimum capacity of 50 MW and maximum of up to 400 MW. The projects under this scheme are expected to be commissioned by end 2019.

SECI Signs Agreement for 1000MW Wind Power of 2nd Auction

It is learnt that Solar Energy Corporation of India (SECI) has recently signed Power Sale Agreements (PSA) for purchase of wind power under second wind auction with state utilities of UP, Bihar, Jharkhand, Assam, Punjab, Goa and Odisha.

The reverse auction for SECI-II wind bid was conducted on 4 October which resulted in very competitive tariff of Rs 2.64 per unit, the ministry said. The winners of the SECI-II wind auction included Renew Power (250 MW at Rs 2.64 per unit), Orange (200 MW at Rs 2.64 per unit), Inox (250 MW at Rs 2.65 per unit), Green Infra (250 MW at Rs 2.65 per unit) and Adani Green (50 MW at Rs 2.65 per unit). The firms would set up wind power plants in Gujarat, TN and MP.

NIOT proposes offshore wind farms to meet energy demand

The scientists at the National Institute of Ocean Technology (NIOT) in Chennai have reported offshore wind to be a potential source of energy that can be deployed to meet the increasing energy demand in the region. Wind resource is adequate for setting up offshore wind farms along the coast of southern India.

IL&FS plans $940m debt refinance through bond issue

According to a senior execution, the Infrastructure Leasing and Financial Services Ltd. (IL&FS) is planning to hit the domestic bond market to refinance almost Rs. 6,000 crore (about $940 million) of debt. Country's longest road tunnel, the 9.2 km Chenani-Nashri project in Jammu and Kashmir, was financed by the debt.

Acme and Inox plan to exit from renewable energy projects

According to the sources, the bidders of lowest renewable energy tariff this year, i.e., Acme Group, the bidder of country's lowest solar tariff, and Inox Group, the bidder of lowest wind tariffs in the country, are planning to exit their respective renewable energy projects due to several reasons.

First Joint Sector Company

M.P. Windfarms Ltd., Bhopal, M.P. (Promoted by Consolidated Energy Consultants Ltd., IREDA & M.P. Urjavikas Nigam Ltd.) formed in the year 1994

(Completed 23 years of formation)