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Renewable Energy For India

282611 Views 1354 Replies 146 Participants Last post by  great india
I am starting this thread on Renewable Energy for India. There are pros and cons for topic.

To start of I am pro-Renewable Energy for India. This is major strategic initiative to kick the habit from Coal/Oil based products. Coal and Oil based products are major polluters contributing to tonnes of CO2 emission per year. India is currently producing around 70% of its energy from Coal based plants.

The current initiatives in renewable energy are a) Wind b) Jatropha biodiesel c) Solar Energy d) Ocean Tidal wave energy.

Wind is a well established technology and depends on the wind map of the country. The current estimates for Wind are around 60,000 MW on land. Offshore there is more potential.

Solar Energy is promising since India gets a lot of sunshine throughout the year. Some experts estimate that the Solar Energy Shone on India is sufficient to power its energy needs. The major stumbling blocks are solar to electric conversion are costly (though recent advances in California put it a grid parity cost, i.e. cost have come down to the same level as other conventional energy on a per unit basis).

One promising use for solar is home water heaters. This is not very expensive and people with independent homes can avail of this technology today. Lots of home have solar water heaters on their rooftops, the sun heating small tubes of water in a glass planel and hot water collected in an insulated tank. For those days that do not have sunlight an in-line heater element heats up water. So on balance, for a majority of the time people can enjoy hot water. Commercial establishments like laundries and hotels can make use of solar water heaters.

Coming to the issue of electricity from Solar there are various other alternatives that produce electricity. One instance in Seville, Spain uses reflecting mirrors to heat a liquid that runs an engine to produce electricity. This technology is being pursued by PG&E in Southern California for a 500 MW + plant. I believe that the best way to mitigate energy use is to have individual homes with Solar energy. During day time they can produce electricity returned to the grid and during night they take back from the grid. The savings could be substantial and conventional systems can augment deficit power.

India is also looking to increase its Nuclear Energy program.

Here is con argument from dis.agree

you cannot just shutdown & bring up coal based plants on a daily basis. they run for long durations and provide base load power. i am surprised you say that india has highest potential to reap solar energy. i am yet to see any decent paper on this.

while operational cost of solar power is near zero, it is highly capital intensive. there is still some distance to go from technology perspective. thin films is the most promising technology. it's efficiency is low but it compensates through lower capital needs. but even that on a levelized cost perpective is about 3-10 times expensive in western countries (at locations with good insolation levels). this however depends on discount rates used. you will not find indian banks lending at such low 5% interest rates. best you could hope for now is 10%. solar technology is still unproven & i doubt any serious bank would lend at all. you need equity but indian investors expect a much higher roi and so large scale solar projects would be financially unviable in india.

your view that oil imports benefit sheiks, while mainstream, is not free market thinking. they export oil and import other stuff. it is just a globalized economy. and that way we can argue against solar & wind energy as well. we are dependent capital intensive technology that are more expensive than fossils: usa for solar & europe for wind.

we definitely need to move away from coal, oil & gas. i am not saying this because of global warming of which i have reasons to be skeptical, but because oil production has started to decline for a few years now. gas too would follow very soon and coal possibly in next 2 decades. so, we must look at alternatives - nuclear & wind is the best short term option and in medium-long term solar.

indian government does not have that kind of money to subsidize such renewable energy. in any case, best way to get this done is to leave the markets to function freely. if state electricity boards allow/simplify sale of such power produced by independent producers directly to consumers and allow them to enter into long term contracts, i am sure we would soon see more such renewable energy generation.
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No Funds Allocated for Clean Energy, Climate Change Mitigation in the Budget

I did not see anything related to funds allocation for renewables in the budget. All our goals seem too long term to be taken seriously.
Yes, very sad state of affairs in the Budget 2009. The giveaways are galloping at an alarming rate. NREGA (which is corruption for the politicians / babus) is now at Rs 39, 000 crores up from 14,000 crores. Mind bogling to say the least. The Govt is down a path of appeasement. Instead if they had a rebate program on CFLs (compact fluorescent) or LED bulbs that would have saved tons of energy consumption in households. I have noticed in places other than Bluru very little usage of Solar for water heating. I don't know about others but I still prefer a hot shower. Solar heating is the best solution for India. Commercial establishment like hotels/motels/restaurants should install solar water heating. New buildings/commercial buildings should have provisions made at build time to install solar water heaters. The Govt can make a great start by converting its own buildings into energy efficient sustainable units. They can be retrofitted with CFLs/LEDs and/or like I have in my home a Solar Light Tube for daylight lighting. Solar water heaters are ubiquitous and needed in Govt buildings for hot water supply. The govt should have incentives for each state in the union to get 1000 MW on average of renewable energy in the next 2-3yrs. The goal is easily achievable if each district in state targets at least 10 MW of power. This would have instantly added 30,000 MW of power to the grid.
What about wave energy? Any more research on that?
The total potential of tidal energy in India is estimated at 8,000 mw with Gulf of Cambay accounting for over 90 per cent.
Read more about tidal energy in Project Monitor

There is also a potential of 10GW through geothermal energy (may not be renewable). But, I have a doubt that how much of geothermal energy is safe to extract? Whether there is any possibility of earthquakes due to cooling and shrinkage of earth's inner layer due to the extraction of heat?
Karnataka cancels wind power project contracts

Giving shock treatment to private energy producers, the government has terminated the contracts of more than 50 private companies which had obtained licenses to generate power from wind. Despite being approved more than five years ago, these companies had not shown interest in setting up installations.

Karnataka Renewable Energy Development Limited (KREDL) had given contracts to several private companies to generate wind power in various parts of the state. But as many as 55 companies, even several years after approval, had not commissioned their projects, while they continued to enjoy tax rebates available for investing in non-conventional energy sector. Eshwarappa said a total of 9,000 MW was to be generated by these companies, however, only 1,400 MW of power is being generated.
Source: TOI

Read also report on Daijiworld.
Why new coal?

Produced by Jaju and filmmaker Ekta Kothari (co-founders of the grassroots climate action project Switch ON), “Why New Coal?” will premiere in New Delhi at the Indian Youth Summit on Climate Change this July 18-23.

3.6 MW Power from Poultry Litter in Andhrapradesh

for the sake of who don't understand telugu,

Raus Power limited established a Power plant in East Goadavari district(Andhrapradesh) to produce power from Poultry Litter(dried) and Rice husk.As per the Plant incharge Mr. Sridhar,

  • It's been in operation for the last 4 months
  • To operate this plant, daily 120 Tonnes of Litter and 50 tons husk are required.
  • To dry the litter , special boilers are used.
  • To avoid of the risk of nonavilability in rainy season, 600 ton capacity godown is constructed.
  • To do away with pollution, EPC(electrostatic precipitator) is being used.
  • Waste from the plant is being used in brick manufacturing and laying the roads.
  • The reason why this place was choosen is, near by poultry farms capacity is more than 8 Million (Guess it is almost 40% of total State)
  • Local farm owners are happy as it is no more issue to get rid the litter

Media says, apart from this place, Chittor(Famous temple town Tirupati is located in this district) also equal potential place for the same.
India asks US to remove barriers preventing research, technology transfer

New Delhi: India today asked the United States to bring down the "barriers" preventing research and technology transfer and ensure easy funding in the renewable energy sector to combat the threats of climate change.

This was conveyed by Union minister for New and Renewable Energy Farooq Abdullah to US special envoy for climate change Todd Stern in a meeting, where the two leaders also deliberated on ways to intensify collaboration to harness renewable energy.

"We have told them very clearly that renewable energy for instance sun is very expensive and therefore we are unable
to give the boost that it needs.

"Secondly we also spoke on how they would make the research easily available to the developing nation, particularly to India," Abdullah later told reporters.

He also stressed on bringing down the barriers preventing technology transfer.

"Almost all the barriers that are there should be brought down. For low cost funding there need to have financing network in such a manner that the US could give money at easy loans to our industry to switch over to clean technology," the minister added.

Solar energy is not even a fraction of the country's renewable energy sources, consisting primarily of wind and biomass that makes up 3 per cent of the country's total electricity production.

But India's goal is to reach 20,000 megawatts of solar electricity by 2020, as part of the National Action Plan on Climate Change that was unveiled in June last year to combat global warming.
Source: DNA
Astonfield, Areva to invest in biomass power projects

Astonfield Renewable Resources Ltd (ARRL), the US-based renewable energy company, and Areva Renewable, the green energy arm of the French energy major Areva, have entered into an agreement to set up 100 Mw of biomass-based power generation capacity in India.

The two companies would invest Rs 550-630 crore for setting up 10 power projects of around 10 Mw capacity each at various locations in the country.

“Areva would invest 40 per cent of the project cost and the rest 60 per cent investment would be made by Astonfield. The projects have been targeted for commissioning by 2013,” Ameet Shah, co-chairman and director, Astonfield Renewable Resources, said.

Work on the first power plant of 10 Mw capacity under the agreement would begin by the end of the current year at Gangarampur in West Bengal.
Source: BS
we must improve renewable energy
*converting garbage to current
*interlinking of water and the dams can be used for hydro
*installing of more windmills
*we can utilize solar energy in huge scale
India Aims for 20,000 Megawatts of Solar Power Capacity by 2020

Researched by Industrial Info Resources (Sugar Land, Texas)
The Indian government is reported to have finalized the draft for the National Solar Mission, outlining ambitious long-term plans to attain an installed solar power generation capacity of 20,000 MW by the year 2020, which would be increased to 100,000 MW by the year 2030, and further to 200,000 MW by the year 2050.

The plan also aims to reduce the cost of solar power generation to between $0.0846 and $0.1058 per kilowatt-hour (kWh) by 2017-20 in order to make solar power competitive with power generated from fossil fuels.

In order to achieve the proposed targets, the government is likely to make investments of approximately $18 billion to $22 billion over a period of 30 years. An estimated investment of about $1.06 billion-$1.27 billion will be required during the current Eleventh Five-Year Plan period, 2007-12, while an investment of $2.54 billion-$3.18 billion will be required during the Twelfth Five-Year Plan, 2012-17.

The Mission envisages 20,000 MW of solar power generation capacity to be installed across five application segments by 2020. These segments include 12,000 MW of power connected to the utility grid, 3,000 MW of power from 1 million captive and grid-connected rooftop solar photovoltaic (PV) installations with an average individual capacity of 3 kilowatts (kW) each, 3,000 MW of rural installations, and 2,000 MW of distributed solar PV applications such as telecom towers. In addition, about 20 million households are envisaged to have access to solar lighting, while solar heating applications would be set up over 20 million square meters of collector area by 2020.

The plans are proposed to be implemented in three phases during 2009-2020. The first phase will focus on achieving economies of scale and validating the economic and technological viability of different solar applications. Some of the plans to be implemented during this phase include promotion of large-scale solar utility plants, and mandatory deployment of onsite or rooftop PV applications in buildings and establishments owned by the government and public sector undertakings to achieve a target of 100 MW through this initiative by 2012.

The government also plans to mandate installation of solar power generation capacity of at least 5 percent of the total installed capacity of upcoming thermal power plants based on oil, gas and coal. Further, vacant land available in existing power plants would be used for setting up solar power units.

Solar applications are planned to replace diesel generators to meet peak daytime power requirements. Solar PV panels will be used to charge inverter systems in residential and commercial establishments.

The government also plans to develop two or three large-scale concentrating solar power (CSP) plants with capacities of 50 MW, 100 MW with storage, and a 150-200-MW solar/gas hybrid model, to demonstrate economic and technological feasibility. Pilot projects will be undertaken for large-scale rural electrification based on solar power.

Solar lighting systems will be promoted in rural and urban sectors through micro-financing business models to provide access to lighting for 3 million households by 2012. The government is expected to invest up to $254 million in this initiative.

There will also be a focus on the promotion of solar heating systems, for which the target has been set at 7 million square meters of solar heating applications by 2012. The government plans to mandate installation of solar water heaters in functional buildings such as hotels, hospitals and guesthouses, subject to availability of at least 500 square meters of land area.

The first phase of the Mission would also see the establishment of technology parks to promote local manufacturing capacities. This target has been set at 1,000-1,500 MW of manufacturing capacity by 2012-13.

In the second phase of implementation, during the period 2012-17, the plan is to achieve 6,000-7,000 MW of installed solar power generation capacity by 2017. This would be accomplished by scaling up validated applications with focus on grid-tied installations, implementation of validated business models for rural electrification, commercial deployment of solar thermal power projects with storage capabilities, and pilot deployment of advanced technologies such as CSP, thin film applications, storage systems and dish/Stirling systems.

In the third phase, during the period 2017-20, the target is to achieve an installed capacity of 20,000 MW by 2020 and attain tariff parity between solar power and conventional grid power. This phase would see commercial deployment of storage technologies and other advanced technologies indigenously developed through research and development. The Mission envisages the deployment of more than 1 million rooftop systems with an average capacity of 3 kilowatts by the year 2020.

In order to promote rapid and large-scale capital investments in this sector, the government is proposing to provide incentives in the form of feed-in tariffs, tax holidays up to a period of 10 years, and relief from excise duty and customs duty on critical materials and capital equipment. Similar incentives are already in place for projects in the infrastructure and information technology sectors.

Feed-in tariffs would be determined through a market-based price discovery mechanism such as inviting bids for large-scale projects. The incentive would be distributed among the utility and the central and state governments, with the utility bearing a cost of $0.0741 per kWh, while the balance amount would be borne by the central and state governments in the ratio of 70:30. Costs of solar power generation are expected to decline at a rate of 7 to 9 percent per year by 2020.

India currently has a PV-module manufacturing capacity of 700 MW. However, there is no indigenous manufacturing capability for solar thermal power plants. The government intends to promote the establishment of new plants to manufacture concentrator collectors and receivers required by CSP plants.

The proposed plans to increase solar power generation capacity to 20,000 MW by 2020 are estimated to result in a reduction of 42 million tons per year of carbon-dioxide emissions. Solar lighting and heating initiatives are expected to further reduce emissions by 3 million and 15 million tons per year, respectively, by eliminating the use of kerosene and other fuels. Additionally, solar heating applications are expected to result in peak-load shaving of about 7,500 MW, free up 4,500 MW of installed power capacity that is currently used for heating applications, and save about 350 million liters per year of fuel oil. Rooftop PV systems, estimated to reach 3,000 MW by 2020, could save about 1,050 million liters per year of diesel and reduce carbon dioxide emissions by 2.36 million tons per year.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news.
Biomass for Power Generation

The Government is providing various fiscal incentives for setting up of power generation projects from biomass throughout the country including capital subsidy linked with capacity and fiscal incentives such as concessional customs duty on import of machineries and components, excise duty exemption, accelerated depreciation on major components, relief from taxes and term loan from Indian Renewable Energy Development Agency (IREDA), and other financial institutions. This apart, preferential tariff is being provided for sale of power from commercial biomass power projects in 14 states. Promotional incentives are also provided for development of biomass power projects, capacity building, awareness creation etc.

The Indian Institute of Science, Bangalore has prepared a National Biomass Resource Atlas. It reports that the surplus agro, industrial and agricultural residues in the country has been estimated to about 120-150 million MT per year for power generation which has a biomass power potential of about 18000 MW.

A cumulative biomass power generation capacity of 1870 MW through 220 projects has already been installed and 2170 MW through 170 projects are under implementation as on 30.6.2009 in the States of Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal.

This information was given by Shri Farooq Abdullah, Union Minister for New and Renewable Energy, in a written reply in Rajya Sabha today.

Support for Renewable Energy Sector

The Government has taken various measures to improve overall availability of power in the country. They are, addition of generation capacity, development of Ultra Mega Power Projects, harnessing surplus captive power into the grid, strengthening and improving of sub-transmission system in States, promoting demand side management, energy efficiency and energy conservation measures, and strengthening of inter-state and inter-regional transmission capacity.

An Energy Coordination Committee chaired by the Prime Minister has been constituted in 2005 to enable a systematic approach to policy formulation, promote coordination in inter-departmental action and function as a key mechanism for providing institutional support to decision making in the area of energy planning and security.

The Government is already providing support to renewable energy sector through a mix of fiscal and financial incentives. Central Financial Assistance ranging from about 30 % to 90% of costs of various types of renewable energy systems/devices for different applications is being provided depending on the technology employed, location and user category. Fiscal incentives being provided include accelerated depreciation, nil/ concessional excise and customs duties. Further benefit under Section 80-1A of Income Tax Act 1961 is available to undertakings set up for the generation or generation and distribution of Renewable power in India. This apart, preferential tariff for grid interactive renewable power is being given in most potential States.

Accordingly, the main proposals for energy sector, which are being acted upon are as contained in the Integrated Energy Policy formulated by the Government in December 2008 covering all sources of energy including renewable.

This information was given by Shri Farooq Abdullah, Union Minister for New and Renewable Energy, in a written reply in Rajya Sabha today.

NTPC to power up wind energy plans

  • To roll out 1,000 MW greenfield capacities in Karnataka, Gujarat and AP.
  • NTPC signs MoU with Karnataka Power Corporation for setting up 500 MW wind power capacity
  • The total investment for this venture is estimated at around Rs 2,500 crore

New Delhi, Aug. 22 Amid increasing challenges on the fuel front, NTPC is fast-tracking plans on diversifying its fuel mix, with wind power a key thrust area in the renewables space.

The thermal power major is working on plans to begin rolling out a cumulative 1,000 MW of greenfield wind power installations across Karnataka, Gujarat and Andhra Pradesh over the next few years, company officials said.

The company’s first wind project is expected to come up in Karnataka, with wind farms totalling 500 MW at half a dozen locations in the State. While the state-owned utility is in advanced stages of finalising the Detailed Project Reports for the projects in Karnataka, it is also assessing the techno-commercial viability of the other identified projects. India’s total installed wind generation capacity was 9,645 MW at end-March 2009.

NTPC has already signed an MoU with the Karnataka Power Corporation Ltd. (KPCL) for setting up the 500-MW wind power capacity, under which KPCL will provide the land while NTPC will set up and operate the wind farms. The total investment in the Karnataka venture is estimated at around Rs 2,500 crore.

“The move to focus on green projects is a response to increasing environmental consciousness… We envisage increasing pressure on thermal utilities across the world to prove their commitment to the global climate change agenda,” an official said.

At present, around 78 per cent of NTPC’s installed capacity of 30,644 MW is coal-fired, while much of the remaining capacity is based on natural gas.

NTPC’s plan to enter the wind generation business comes at a time when India has been slipping on the wind-based capacity addition front. According to the Global Wind Energy Council, a global body for the wind energy sector, India added 1,800 MW during the last year, taking its total installed wind generation capacity to 9,645 MW.

China, in comparison, added a whopping 6,300 MW, second only to the US in terms of new additions, taking its capacity at the end of the year to 12,210 MW.

The US, with 8,358 MW added during the year, overtook Germany to take the lead in terms of total wind energy installed capacity.
Source: The Hindu Business Line
ban immersing idols in rivers,lakes and it should be immersed only in sea or ocean
but idols made of mud or without chemicals can be allowed
*Also govn should ban sacrificing animals in temples,bakrid etc i saw last year they sacrificed some 50 camels ,its high to time ban this stupid act ,also animals should not be cut in roads,pavement,public place
*we need food administration to check this fast food which is growing like indian population and also causing traffic and obstacle
Ushdev International to expand wind power

Ushdev International Ltd is substantially expanding its wind power portfolio. The Mumbai-based wind power producer plans to set up a 9.9-mw wind farm in Theni district, Tamil Nadu, with a total investment of Rs 60.9 crore. The order for supplying six wind turbines (of 1.65 mw each) has already been placed on Vestas Wind Technology India Pvt. Ltd. The project is due to complete next month.
In a telephonic interaction with Projectmonitor, Ushdev officials said that once the new wind farm was in place, the company's total wind power capacity would increase significantly from the current 12.93 mw to 22.83 mw, with a cumulative capital investment of around Rs 125 crore. The company has its farms in Tamil Nadu, Karnataka, Gujarat and Rajasthan.
Primarily a steel trader, the 1994-formed Ushdev International diversified into power generation and trading by setting up its first project—a 2.53-mw wind farm with 11 turbines in Tamil Nadu—in 1997. Between 2005 and 2007, new capacity worth 10.4 mw was set up in Gujarat (4.8 mw), Rajasthan (2.4 mw), Karnataka (1.6 mw) and Tamil Nadu (1.6 mw). The latest addition was in May 2007 when it commissioned a 3.2-mw project at Sumana, Jamanagar district, Gujarat, with an investment of Rs 32 crore.
All the power plants are grid-connected and sell power to respective state electricity boards, officials noted. As part of its wind energy portfolio expansion, the company is looking at expanding capacity at existing locations and exploring newer states, including Maharashtra, they added.

Shimla and Hamirpur to be developed as Solar Cities

Farooq Abdullah, Union Minister for New Renewable Energy on Monday said that Shimla and Hamirpur towns of Himachal Pradesh will be developed as Solar Cities . He said that Dr. Y.S.Parmar University of Horticulture and Forestry, Nauni, Solan and National Institute of Technology (NIT) Hamirpur would be developed as Energy Parks under the Ministry of New Renewable Energy Programmes of the Government of India.
Union Minister said that the Government of India would soon be coming up with National Solar Policy which was likely to be launched on November 14,2009, offering vast incentives to the user of solar energy in the country. He said that the Ministry would also be training local youth in maintenance of the different solar system so that continuity in the energy supply was maintained. He said that Himachal Pradesh had many prominent religious shrines which could avail of the solar system for energy and kitchen purposes.

Mr Abdullah said that the Union Ministry had launched 'Griha' scheme aimed at creating quality solar infrastructure for domestic and commercial purposes. He said that all hill states had similar geophysical conditions and wind velocity at higher reaches was high which could be beneficial to explore possibilities of wind power generation as well. He said that the Ministry would also be providing financial assistance upto Rs. 1.00 crore for solar lighting of Raj Bhawan, Civil Secretariat and other important offices. He assured the Chief Minister of his best cooperation for exploitation of available hydel potential to set up mini and micro hydro projects.

Prof. Prem Kumar Dhumal, Chief Minister said that 292 micro projects upto 5 MW had been allotted during past one year of which 273 projects with aggregate capacity of 456 MW had been allotted to Himachali entrepreneurs. He said that the State had simplified the process and procedure and fixed time frame for clearances. He said that open access is allowed to small hydro projects. He said that IPPs developing projects upto 5 MW were being provided concessional royalty for selling power to the HPSEB. He said that Transmission Corporation had been constituted for evacuation of the power. He detailed the provisions under Atal Bijli Bachat Yojna which benefitted 16 lakh domestic consumers with free 4 CFL bulb sets.
Renewable energy sector may witness hefty increase in M&A activities

A significant increase in the M&A activities is expected in the renewable energy (RE) sector in India , as a wave of consolidation hits the industry, says Ernst & Young’s ‘Renewable Energy in India – The Evolving Dynamics’ report.

According to the report, despite numerous challenges, opportunities in the renewable energy space are attracting various types of developers/investors. Among key emerging players are conventional energy developers looking to diversify into clean energy, large international utilities wishing to participate in the Indian opportunity, private equity-backed renewable energy development companies, and companies with existing renewable energy assets looking to expand their portfolio, among others. All these players are seen to be pursuing both organic and inorganic expansion strategies.

India has seen significant transaction activity with deals worth $2,155 million being announced between January 2005 and July 2009. The average deal size (based on deals with announced value) stood at $69.5 million during the same period. Huge demand-supply gap in power, depletion of fossil fuels and energy security have been the key drivers behind sustained investments in the sector.

The transaction activity is skewed by Suzlon’s acquisition of REPower as this transaction, worth $1,327 million, itself accounts for 61.6% of transaction activity in value. Another significant transaction was Gammon India’s acquisition of a 50% stake in Sofinter for $101 million. Private Equity (PE)/Venture Capital (VC) players have also shown a keen eye and have invested $527 million, 24% of the total transaction value in India.

Wind has the maximum share of approximately 79% of the transactions in the renewable energy space during January 2005 and 21 July 2009. Biomass, hydro, solar and others (having presence in all renewable energy segments) share the remaining part of the pie.

The PE/VC investment accounts for only 24% of total transaction value. However, if the transaction activity is observed in terms of the deal count, they have a substantial share. In fact, 20 of the 37 transactions between January 2005 and 21 July 2009 were by the PE/VC players. These players are chasing up the innovative players while several funds with specific renewable energy mandates have contributed to the transaction activity.

Kuljit Singh, partner and transactions advisory leader for infrastructure, real estate and government, Ernst & Young, says, “In the near time frame, a significant number of assets are expected to change hands with some of the existing project owners refocusing efforts on core areas, raising finances by selling non-core assets and de-leveraging balance sheet in case of assets which are on the balance sheet of the main company etc.”
Source: ET
BHEL, BEL to float joint venture for solar panels facility

Bangalore: State-run Bharat Heavy Electricals Ltd (BHEL) and Bharat Electronics Ltd (BEL) will form a Rs 2000 crore joint venture by March 2010 to manufacture 250mw solar photovoltaic (PV) production facility for processing silicon wafers, solar cells and PV modules, a top company official said Tuesday

"The joint venture with 50:50 equity holding will be set up where abundant power will be available. We will also rope in an overseas technology partner, which will be given a proportionate stake subsequently," BHEL chairman and managing director K. Ravi Kumar told reporters here on the margins of a function.

Though the location to set up the facility has not been identified, Ravi Kumar hinted Karnataka could be considered, provided the required quality of power was made available to the venture.

As part of the government's green energy initiative, BHEL has upgraded its solar PV module manufacturing facility at its electronics division on the outskirts of the city to 8mw from 3mw per annum at a cost of Rs 16 crore. The initial investment in the facility was Rs 15 crore.
Source: sify
India to spend over Rs 1 lakh crore on renewable power by 2012

India is likely to spend over Rs 1 lakh crore on setting up of power plants based on renewable energy sources by the end of 2011-12, according to Devasis Majumdar, chairman and managing director of Indian Renewable Energy Development Agency (IREDA).

“As per the target of the 11th Five Year Plan, power plants with a capacity of 14500 MW based on renewable energy sources would be set up by the end of 2011-12. So far, power plants with a capacity of 3,000 MW based on renewable energy sources have been set up at an investment of Rs 15,000 crore”, he said.

He was speaking at a seminar on Power Mart, organized by the North Zone regional office of CII-Orissa. Speaking on the occasion, Manish Verma, the Balasore district collector, said, India has a tremendous potential to generate 1,50,000 MW of power from the hydro power sources but we are yet to tap the hydro power in a big way due to some bottlenecks. He stressed upon the need to focus on solar power to sustain the development process. Stating that the distribution network and the plant load factor have to be strengthened to keep pace with economic development, Verma said, the Orissa government was committed to providing electricity to all people in the rural areas of the state.
Source: BS
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