Monthly Archives: July 2018

Hanergy with Bollore Group to build solar electric vehicles

Hanergy Holding Group has announced that its subsidiary, Donghan New Energy Automotive Technology Co., Ltd., inked a strategic cooperation framework agreement with Bluecar, a subsidiary of France’s Bollore Group to mark the beginning of new era in the field of solar electric vehicles. The strategic cooperation framework agreement was signed by Wang Xin, General Manager […]

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Suzlon shareholders reject proposals to raise Rs 2,900 crore

Renewable energy solution provider Suzlon Energy’s shareholders have rejected two separate proposals to raise a total Rs 2,900 crore through issuance of equity shares and debentures. A majority of public shareholders voted against special resolutions to raise Rs 2,000 crore through an issue of equity shares and Rs 900 crore through non-convertible debentures or non-equity […]

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USTDA signs MoU with Indian company for 41 Mw hybrid wind, solar project in Andhra

A US trade development agency signed a memorandum of understanding with an Indian private company for the development of a 41-MW hybrid wind, solar, and energy storage power plant in Andhra Pradesh. The MoU was signed between US Trade and Development Agency (USTDA) and private sector firm IL&FS Energy Development Company Limited (IEDCL) on the […]

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India imposes 25 percent safeguard duty on solar cells and modules

The Ministry of Finance has imposed a 25% safeguard duty on imports of solar cells and modules from China and Malaysia. According to solar Industry experts this will certainly raise tariffs of future solar projects. More than 90% of the solar panels and modules are imported from both the countries for solar projects in the […]

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Tata Power gets shareholders nod to raise Rs5,500 crore

Tata Power on Monday said it has got shareholders’ approval to raise up to Rs5,500 crore through issuance of non-convertible debentures on private placement basis. The company had sought shareholders’ approval at the annual general meeting held last week through a special resolution which was passed by the requisite majority, as per a BSE filing. […]

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UPNEDA cancels 1000 MW solar auction due to high tariffs: Report

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has cancelled 1000 MW solar auction due to the high level of quoted tariffs. UPNEDA held the reverse solar auction on July 11, at which bids ranged between Rs 3.48 per kWh and INR 3.55 per kWh. This was more than a rupee higher than […]

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Essel to invest Rs 1,750 crore for electric vehicle charging infrastructure

Essel Infraprojects is planning to invest Rs 1,750 crore in phased manner to set up electric vehicle charging and battery swapping infrastructure. “In a massive boost to the electric vehicle segment in the country, Essel Infraprojects Ltd, (EIL) an enterprise of Subhash Chandra led Essel Group, launches its Electric Vehicle Charging and Battery Swapping Infrastructure […]

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SMEV seeks efficiency linked subsidy for Electric Vehicles

SMEV has mooted linking of certified efficiency parameters of speed and range to government subsidies instead of the current proposal of battery capacity-based support. The Society of Manufacturers of Electric Vehicles (SMEV) said the existing proposal of the government is neither beneficial for consumer nor good for the country as it does not factor efficiency […]

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Suzlon planning to re-enter international market shortly: CEO

On the verge of coming out of the crippling financial crisis created by its over dependence on overseas market, leading wind turbine manufacturer Suzlon is planning to re-enter international markets, a senior company official has said. The Pune-based company was on a leveraged expansion spree when the global markets were good and used to draw […]

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On 2nd October, 1 lakh students in India to assemble solar lamps

As part of the upcoming 150th birth anniversary of Mahatma Gandhi and ongoing diamond jubilee of IIT-Bombay, a whopping 100,000 students from 100 schools across India will assemble solar lamps on October 2, an official said here on Friday. The workshop, under the IIT-B’s Solar Urja through Localisation for Sustainability (SoULS) programme, is billed as […]

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