CDM prices to fall more…

Carbon credits prices are tumbling due to the prospects of increase in supply. Prices have fallen by more than 20 per cent in six weeks and are at a four-month low. Spark Network believes that credits from HFC-23 (fluoroform, a potent greenhouse gas) projects will go up, as the suspension on such projects has been lifted. Also, many power...

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JBIC to provide equity funding for private sector projects in India including Renewable Energy…

The Japan Bank for International Cooperation (JBIC) is looking at providing equity funding to private sector projects in India instead of debt support for public sector entities. The principal Japanese overseas funding agency is also shifting its focus on the Indian market from China following political tensions with its Asian neighbour....

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Siemens to invest $87mn for 250MW wind turbine development in India

Siemens Ltd., started off it’s renewable energy segment, in India by setting up an office in Vadodara, Gujarat to further expand the business. The renewable energy division already had 30 employees on board and the company had announced that they would ramp up the number of employees to 100 within one year. “The market outlook for renewable...

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CEO of NVVN resigns; Potential setback to National Solar Mission

According to this report by Bloomberg Businessweek, the CEO of NTPC Vidyut Vyapar Nigam Ltd (NVVN) Shri. A.K. Goyal has resigned and that the resignation could serve as a potential setback to the government program and the National Solar Mission itself. NTPC Vidyut Vyapar Nigam Ltd. (NVVN) was formed by NTPC Ltd, as its wholly owned subsidiary...

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Why Tatas Stayed Away from Bidding For Solar Projects?

Tata Power Co., India’s largest non- state electricity developer, is shunning the country’s first major solar auction on concerns that terms set by the government will make it difficult for projects to be built profitably. “We haven’t bid for the National Solar Mission,” Banmali Agrawala, executive director of strategy and business development,...

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“City gets Rs 9 crore for solar project”

The Ministry of New and Renewable Energy has released Rs 9 crore to make Chandigarh a solar city. Now the UT Administration will have to pump in a matching grant so that the project is completed under the Five Year Plan. This was stated by AP Shrivastava, president of Solar Energy Society of India (SESI), who was in city for a seminar on...

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“Don’t give free power, let farmers get it from sun”

Instead of giving free electricity, the Punjab government should help farmers set up solar panels in their fields, feels NASA’s former mission manager for space flights Dr N K Gupta. Asserting that subsidy spoils economy, he said: “Let farmers generate their own power. This will not only reduce the burden on the state, but also make the farm...

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Competitive tariff bidding for thermal projects from 2011

India's power sector regulator said that come 2011, all thermal power projects and transmission systems will be awarded on competitive tariff bidding and trading in renewable energy certificate is set to start. Mr Pramod Deo chairman of Central Electricity Regulatory Commission said that "The ministry of power has agreed to the suggestion of competitive bidding for all thermal power projects to be set up in the country after January...

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Competitive tariff bidding for thermal projects from 2011

India's power sector regulator said that come 2011, all thermal power projects and transmission systems will be awarded on competitive tariff bidding and trading in renewable energy certificate is set to start. Mr Pramod Deo chairman of Central Electricity Regulatory Commission said that "The ministry of power has agreed to the suggestion of competitive bidding for all thermal power projects to be set up in the country after...

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