Vikram Solar ties up with GermanPV for supplying modules...

 

Kolkata-based Vikram Solar has tied up with Germany-based GermanPV for supplying solar modules for grid-connected solar park in the European nation.

"Vikram Solar has entered into a tie up with GermanPV, an energy solution company based out of Germany, for the supply of modules required for 2.45 megawatt (MW) grid-connected solar park constructed and commissioned in Germany.

The solar park is located at Osterburg in the district of Stendal, in Saxony-Anhalt, Germany.

The complete set of solar photovoltaic (PV) modules has been supplied by Vikram Solar for this solar park which will generate enough power to sustain the demand of 1,000 households, the statement said.

The project will result in carbon dioxide savings of 1.7 ton per year approximately.

"The decision to work with Vikram Solar for this park was clear for us. Vikram has been a reliable and trustworthy partner from the first point of contact to the final construction of the park. The direct line to decision makers in Europe as well as in India has helped to realise this project on a very tight construction schedule," Tobias Sommer, Director Procurement, GermanPV, said.

"We are proud and thankful to have the chance to work with the Management of GermanPV, a team with more than 10 years of experience in the German PV sector. This park marks a milestone in the long-term partnership of the two companies and in Vikram's presence in the European PV market," Davide Marro, Head of Sales - Europe, Vikram Solar, said.

Source: Business Standard

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NTPC ties up EUR 55 million term loan facility with KfW-(Germany) and signed an agreement for research cooperation...

 

National Thermal Power Corporation (NTPC) has tied up a fixed interest term loan facility for EUR 55 million with KfW, the German government developmental financial institution to part finance the capital expenditure on Electro Static Precipitators and other selected packages of its Mouda Stage-II power project.

An agreement to this effect was signed today by Shri G.K. Sadhu, Executive Director (Finance) on behalf of NTPC. The facility has a door to door maturity of 12 years including availability period of 4 years.

The loan is on a standalone basis without sovereign guarantee reflecting the trust and confidence reposed by the German financial institution in NTPC’s strong credit quality and professional management. KfW has in the past provided financial support to the company’s renovation and modernization and emission reduction schemes.

NTPC Ltd also signed a Financing Agreement with KfW-Germany today to setup of Solar Thermal and Photovoltaic Lab at NETRA under the aegis of Indo-German Research Cooperation through a Grant of Euro 5 million and matching contribution from NTPC.

These world class labs are being setup with assistance from German R&D institutions M/s DLR, Cologne and ISE, Fraunhofer for characterization of Solar Thermal and Photovoltaic prototypes and components.

The MoU was signed by Shri Thomas Joseph, Executive Director, NTPC-NETRA, Mr. Peter Hilliges, Director (KfW) and Mr. Andreas Thermann, Deputy Director (KfW) in presence of Shri A.K Jha Director (Technical), NTPC and other officials from NTPC and KfW.

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Collaboration with Germany & US firmed up for the Green Energy Corridors Development in India...

 

Working to setting up commercial cooperation in renewable energy with developed and developing countries, the Ministry of New and Renewable Energy (MNRE) has firmed up international cooperation agreements with Germany and United States to establish “Green Energy Corridors” in the country.

Officials in the MNRE said the Ministry had been interacting with several developed and developing countries for cooperation in the renewable energy sector with a view to establish commercial cooperation for supplies of indigenously manufactured renewable energy products, systems and devices.

Under this major initiative, the German financial institution kfW has agreed to provide one billion euro loan. This is the follow up of the “Joint Declaration of Intent” between Germany and India on Indo-German Development Cooperation regarding the establishment of “green energy corridors” signed on April 11, 2013. The first line of the loan is expected to be delivered shortly.

In addition, under India-US Energy Dialogue, a memorandum of understanding (MoU) has been signed recently for promoting energy access through clean energy (PEACE). Under this initiative, Export-Import Bank of US intended to mobilise around $250 million EXIM Bank financing for clean energy access. Similarly, the European Union (EU) is helping Centre for Wind Energy Technology (C-WET), Chennai to estimate off-shore wind power potential and identify most suitable sites for establishment of off-shore wind farms in India. The Ministry has also established cooperation for initiating energy access in rural areas and promote access to clean energy in association with UNDP, World Bank and U.S..

Parliament’s Standing Committee on Energy headed by senior Samajwadi Party leader, Mulayam Singh Yadav has recently recommended that international finances despite being project based or otherwise should be of such scale so as to give the desired thrust to the sector for its proper development otherwise these activities could be financed domestically as the projects do not have higher financial stakes and are beneficial to the common man.

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Suzlon arm REPower wins 266-MW orders for community windfarms in Germany...

 

REpower Systems SE, a wholly-owned subsidiary of wind turbine maker Suzlon Group, has signed contracts to deliver 103 wind turbines with a total capacity of over 266 Mw for 24 community windfarm projects in the Schleswig-Holstein region of Germany.

In a press release on Wednesday, REpower said it signed a primary memorandum with the purchasing association 'Schleswig-Holstein GmbH Wind' in December 2012. This memorandum assured the participants from 52 projects in Schleswig-Holstein binding conditions in a model contract, it said.

While 11 wind turbines of the signed projects are already in the implementation phase and are to be commissioned quickly, the other projects will be completed by 2015, REpower said.

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India receives first trench of Rs. 25 Bn from the total Rs. 71 Bn Loan sanction from Germany towards Green Power Evacuation Corridor...

 

The plan to create a green grid to evacuate solar and wind power has got a leg-up with the government receiving the first tranche of a Rs. 71 billion soft loan from Germany.

In the Rs 18,000 crore first phase, the grid will be set up in Rajasthan and Tamil Nadu, both of which have substantial wind and solar power capacity. Work has begun in these two states. Subsequently, work will begin in Maharashtra, Gujarat, Karnataka and Andhra Pradesh.

“The first tranche (of Rs 2,500 crore) of the euro 1 billion (Rs 7,100 crore) loan has been received for the first phase,” planning commission member B K Chaturvedi told Financial Chronicle.

The euro loan agreement was signed during renewable energy minister Farooq Abdullah’s visit to Germany along with prime minister Manmohan Singh earlier this year.

It is basically a huge grid upgrade project to catalyse higher wind and solar power generation. Gradually, it will be extended to the entire country.

An additional 30,000 mw solar and wind energy capacity is to be added in five to seven years. India has a potential to generate 100,000 mw of wind and 200,000 mw solar power. The country now has 25,000 mw wind power and 1,000 mw of solar power capacity.

The state-run Power Grid Corporation will use the loan to create the new transmission system and strengthen the existing one. The soft loan guaranteed by the government will carry an interest rate of 2-3 per cent.

Renewable energy capacity is growing rapidly with the cost per unit of generation of wind power coming down to just Rs 4-4.50 and solar power to Rs 6 -6.50 per kwh.

The cost difference between thermal power and renewable energy has narrowed substantially. About 16 per cent of global final energy consumption comes from renewable resources, with 10 per cent of all energy from traditional biomass, mainly used for heating, and 3.4 per cent from hydroelectricity.

But India needs to solve its grid connection issues. “The intention is to a provide transmission system so that the potential is fully tapped,” Planning commission member B K Chaturvedi said, citing the example of Tamil Nadu where surplus wind power capacity in windy seasons went waste for lack of grid connectivity. When the green grid comes up, this power can be wheeled to other parts of the country.

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REPower, Suzlon Group company, to unveil its new offshore wind turbine 6.2M152...

 

At EWEA offshore 2013, the Suzlon Group - the world's fifth largest wind turbine manufacturer - will unveil its new offshore turbine, the REpower 6.2M152.

With the new offering, the company once again sets standards in the cost-effective generation of offshore wind energy.

Some of the features as highlighted by the company are:

• Bigger rotor increases energy yield by 20%
• Rater power of 6.15 megawatts and a rotor diameter of 152 meters
• Prototype scheduled for installation in 2014

The new turbine features a rotor diameter of 152 meters, with the rotors sweeping an area larger than three football pitches. The nacelle alone is as big as two detached houses and will be constructed offshore at a height of between 95 and 11 meters.

The larger rotor diameter compared to the last generation - the REpower 6.2M126 (126 meters) - achieves an increase in energy yield by 20 per cent at wind speeds of 9.5 m/s. With a rater power of 6.15 megawatts, each REpower 6.2M152 turbine can supply around 4,000 homes with electricity.

Andres Nauen, CEO of REpower Systems Se, said: "We are the only manufacturer to have already installed more than 100 offshore turbines in the multi-megawatt class. With an eye on the outstanding availability and energy yield of the REpower 6.2M126, we have enhanced this robust, proven concept: the bigger rotor and correspondingly larger drive train of REpower, 6.2M152 combined with tried-and-tested, first class technology enables our customers to generate energy even more cost-efficiently on the high seas."

The Hamburg-based company has already sold the prototype REpower 6.2M152. Together with the customer, it has been agreed to construct the prototype with a hub height of 124 meters at an onshore site in northern Germany, with construction scheduled for completion by the end of 2014. From 2015, REpower 6.2M152 will enter commercial production. REpower already manufactures the world's most powerful commercially-produced offshore turbine. Since introducing its multi-megawatt offshore turbines ten years ago, REpower has constructed more than 100 turbines of this platform.

Source: NSE

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