Tata Group’s solar unit is expanding its business building plants for customers, forecasting that offices and factories will be paying more for grid power than solar by 2016 in most Indian states. Solar installations for commercial and industrial energy consumers, such as cement factories, information technology parks and car manufacturers, seeking to generate their own power represent a market of about 80 ...

Welspun Energy, India's biggest developer of solar projects, on Wednesday said that it had achieved financial closure for a 20 MW solar project being set up in Solapur in Maharashtra at a cost of Rs.180 crore. Leading financial institutions have committed to a long-term project funding of Rs.135 crore, with debt and equity ratio of 75:25, the company said. Its subsidiary Welspun Energy Maharashtra Pvt. Ltd. ...

Uganda has signed a contract with China’s Sino-Hydro Group Ltd. to build a $1.65 billion hydropower dam on the Nile River, reviving a project that had stagnated for years due to lack of funds. According to government sources, the contract for the construction of the 600-megawatt Karuma dam in the east African country is expected to start about two weeks after the signing of the contract, which was yesterday ...

Mongolia opened its first wind farm on June 20th, a landmark $122 million project that aims to shift the country's reliance on coal and tackle the pollution choking its capital Ulan Bator. A total of 31 turbines have been erected at the facility, which are expected to power five per cent of electricity needs in a country undergoing rapid transformation on the back of a spectacular boom in mining -- particul ...

The National Federation of Agricultural Cooperative Association of Japan is implementing the largest solar power project in the country. The association, known as Zen-Noh, has formed a joint venture with the Mitsubishi Group to establish 200 MW of solar power generating systems at Zen-Noh facilities nationwide. The two companies have established the JAMC Solar Energy Company to operate these systems. Power ...

Shanghai Donghai Wind Power Co. expects to begin building the second phase of its Donghai Bridge wind farm near Shanghai at the end of the year. The 100.8 MW offshore facility will cost 1.9 billion yuan ($310 million), Vice General Manager Zhang Kaihua said in an interview in Shanghai. The project, which will take 20 months to build, will use 28 turbines from Shanghai Electric Group Co.  capable of producin ...

Chinese power companies and Japanese trading houses are emerging as major financiers of African renewable energy projects, which saw investment quadruple to $9.3 billion last year, Baker & McKenzie LLP said. “Asian investors are increasingly targeting African renewable energy projects,” attracted by better returns and strong wind and solar resources on the continent, the Chicago-based law firm said in r ...

Santerno, the Carraro Group company that specializes in alternative energy electronics and industrial automation, has announced that the company has reached an agreement with Energy Absolute, the renewable energy business network in Thailand, to provide solar power inverters to the largest photovoltaic plant in Southeast Asia. Under the terms of the contract, Santerno will supply all the integrated inverter ...

Siemens Energy has developed a new steam turbine for geothermal power plants to serve the power range up to 120 MW. The SST-500 GEO follows the SST-400 GEO turbine, which was introduced in the autumn of 2011. The SST-500 GEO is a single-casing, double-flow condensing turbine. As a derivative of the SST-500 and SST-600 turbine families, it combines the proven casing and auxiliaries of the Siemens SST-500 and ...

Gulf Energy Development Co was the only winner for Thailand's third round of Independent Power Producer (IPP) bidding, with combined capacity of 5,000 megawatts. A source who asked not to be named said Gulf was shortlisted based on technical criteria two weeks ago and named the sole winner in terms of proposed electricity tariffs last week. Five bidders won in the first round and three in the second round. ...