Indian renewable energy company Greenko Group and Aranda Investments, a unit of Singapore’s state fund GIC, have entered into a non-binding agreement for GIC to purchase the totality of Greenko’sstake in its Mauritius-based holding firm for Indian assets – Greenko Mauritius – to GIC for a consideration of US $255 million. If completed, the deal will see Greenko Mauritius’ portfolio of India-based wind, hydr ...

One of India’s leading renewable energy independent power producers, Mytrah Energy, has raised fresh funds to expand its generation capacity. Mytrah Energy has revealed that it has managed to raise around $95 million to fund implementation of 100 MW wind energy projects. The company now has a fully funded project pipeline of 250 MW. The company has an installed wind energy capacity of 543 MW across 6 states ...

"Called Monsoon Wind Farm, the US$1.5 billion [Bt50 billion] farm will be located near the Mekong River across from Ubon Ratchathani," said Woramol Khamkanist, who heads the firm. The accord was signed by Laos' Deputy Minister for Investment and Planning Dr Khamniang Phonsena and IEA director Paradai Suebma. Laos' Deputy Minister for Energy and Mining Vilaphon Veelawong and Royal Thai Embassy official in La ...

Emerging markets are undeniably today's hot spot when considering wind power projects and there are clear indications that developing economies will soon dominate the chart with top markets to invest in. It is important to remember that renewable energy development in emerging markets follows a path very different from the one set by the centralised grids of the industrialised world. Renewables growth in de ...

Wind turbine makers 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,” says the company. Both firms have said their products will generate 20 per cent more power than their predecessors, at ...

Solar and wind sectors brace for subsidy axe, as Rudd insists grid-parity is near Speculation is mounting ministers will this week provide further details on their trailed "reset" of renewable energy support policies, with the solar industry fearing particularly steep cuts to a range of subsidies. In a wide-ranging hearing with the Energy and Climate Change Select Committee this morning, Rudd reiterated one ...

Two units of Chinese firm Sinohydro Corp Ltd were chosen to develop 300 MW of combined wind and photovoltaic (PV) capacity in Inner Mongolia autonomous region under a deal with a local government. Sinohydro Renewable Energy Co Ltd and Sinohydro Engineering Bureau No 4 inked an investment and development cooperation agreement with the government of Plain and Bordered White Banner on June 25 to build the powe ...

Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) said Friday it has been contracted to equip and construct the 32.5-MW Excelsior wind park in South Africa, booking its second deal in the country for 2015. The project was awarded to the company in the fourth bid round of South Africa’s Renewable Energy IPP Procurement (REIPPP) programme, while the contract was signed with dome ...

India will switch on a massive 48GW of new wind power in the coming decade as Asia Pacific excluding China (APeC) sets off on a construction spree that is expected to lead to record-setting market expansion in the region, according to research from Make Consulting. Taken together, regional core markets India, Australia and Japan will commission almost 80% of the more than 79GW forecast to be brought online ...

UK company 4Navitas Green Energy Solutions Ltd has successfully developed a vertical axis wind turbine (VAWT) which is set to revolutionise the worldwide onshore wind turbine market, currently dominated by horizontal axis wind turbines (HAWT). It was designed by some of the UK’s leading structural, aeronautical and electrical engineers, and is being manufactured by a supply chain of world class blue-chip pa ...