China Longyuan Power general manager Xie Changjun is predicting that his company will overtake Iberdrola as the world’s largest wind farm developer by 2014. Speaking at the 20th anniversary of Longyuan’s launch, Xie said: “If all goes well, we will surpass Iberdrola Renewables to be the largest wind farm developer in the world next year.” By the end of 2012, Longyuan Power had installed 10.5GW, the largest ...

Wind turbine maker Suzlon Group has won approval for a Rs.9,500-crore debt restructuring from its domestic lenders. Suzelon’s debt restructuring will be financed by a consortium of 19 banks, who have also agreed to enhance working capital facilities to the group by Rs.1,800 crore with a 10-year back-ended repayment plan. But as part of the corporate debt restructuring, or CDR, package, the group’s promoters ...

Japanese industrial giant Mitsubishi Corporation is ramping up activities in the offshore wind energy sector. At a time when Japan — as well the EU, the US, China, and countries around the world — are increasingly turning to wind, solar, and other clean, renewable energy resource development to fuel sustainable growth, news this week indicates that Mitsubishi Corporation – “a global integrated business ente ...

The solar market is growing rapidly in India, and the state of Gujarat is very progressive towards renewable energy. A megawatt scale power plant will be soon be commissioned in Vadodara, the area’s first solar power project. GreenBrilliance is the company that has been chosen for the EPC contract, and will install and commission the project. GreenBrilliance, a leading manufacturer of globally certified pho ...

A 150 MW solar power plant will be commissioned in Maharashtra by the end of March 2013. The Rs 1,600 crore plant will be built near the village of Nizampur village in Dhule district. Dhule, in north Maharashtra, is known for dry land, bright sunlight and high solar radiation, mainly because its proximity to the tropic of cancer. V S Patil, executive director (solar power generation) of the Maharashtra stat ...

Tamil Nadu would generate around 40% of the solar energy produced in the country by 2015, said Sudeep Jain, chairman and director of the Tamil Nadu Energy Development Agency (TEDA). Jain was addressing an international workshop on renewable energy, climate change, energy management being held in the city on Thursday. He said that solar power generation was set to surge as state was all set to complete its r ...

On January 28th, Mitsubishi Corp. announced plans to build a solar power plant in Iwaki, Fukushima Prefecture, the largest of its kind in the disaster-hit Tohoku region. The 12 MW facility is expected to start operating in mid-2014. Mitsubishi Corp. said it is developing the solar project with full support from Nippon Kasei Chemical Co., as well as cooperation from the Fukushima prefectural and Iwaki city g ...

Shan Solar, a solar PV modules manufacturer with production facility at Sri City in Andhra Pradesh, has forayed into the rooftop systems with solar power kits for the residential segment. The company already enjoys presence in the solar farm space and is setting up a 25 MW solar project in Maharashtra and a 50 MW solar farm project at the outskirts of Hyderabad, for which the land has already been identifie ...

Global smart grid investment grew 7% in 2012 to US$13.9 billion according to figures from Bloomberg New Energy Finance. In terms of geographic spread, the sector mirrors photovoltaics with the U.S. clinging to top spot but due to be replaced by China in 2013, in large part thanks to a willingness to invest in smart grid technology by the Chinese government. Some $4.3bn was invested in smart grid technology ...

TATA Power are actively looking at opportunities to develop hydro projects as part of efforts to boost its renewable energy portfolio which is expected to make up about one-fourth of its overall generation capacity by 2020. India’s largest private power producer is already developing hydro projects in India, Nepal and Bhutan. At present, Tata Power has a hydro power generation capacity of 447 MW in Maharash ...