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Showing posts with label Joint Venture. Show all posts
Showing posts with label Joint Venture. Show all posts

December 5, 2013

Acme ties up with French RE Major EDF Energies for large scale solar projects in India...

 

Acme ties up with French RE Major EDF Energies for large scale solar projects in India...

ACME Cleantech Solutions, an energy generation, management and conservation company, today announced that it would partner French renewable energy major EDF Energies Nouvelles (EDF EN) to set up large scale solar projects in India.


EDF Energies Nouvelles is rolling out its operations in a new country offering strong potential, with a partnership with Indian company ACME Cleantech Solutions Limited to create a joint venture based in India. EDF Energies Nouvelles holds a 25% stake in the company, ACME Solar Energy Private Limited, which will focus on the development, construction and operation of solar power projects in India.

Based in New Delhi, Acme Solar Energy Private Limited is owned by three complementary partners:

  • ACME Cleantech Solutions Limited, an Indian company with international operations specialising in new energy solutions, communications and environmental services, holds a 50% stake;
  • EDF Energies Nouvelles, a major international player in renewable energy and photovoltaic solar power, holds 25%;
  • EREN, the first group dedicated to saving natural resources, also holds 25% of the company.

Positioned primarily in the photovoltaic power market, ACME Solar Energy Private Limited has already begun construction of a 30 MW solar power plant in Madhya Pradesh in the centre of India and has a portfolio of 200 MW of projects at various stages of completion.

India presents considerable potential for EDF Energies Nouvelles to expand its solar energy operations. The country has a high level of sunshine and a recurring shortage of electricity generation. With current installed capacity of 2 GW[1], the country is aiming to achieve capacity of around 22 GW by 2022.

“This promising new partnership constitutes a wonderful opportunity for EDF Energies Nouvelles. It will enable us to establish our position in the solar power market in a country with a high level of demand for renewable energy and presenting considerable potential in terms of resources, with the support of a local company,” comments Antoine Cahuzac, Chief Executive Officer of EDF Energies Nouvelles.

India is the 18th country in which EDF Energies Nouvelles is developing its presence, and its first foothold in southern Asia.


About EDF Energies Nouvelles
Operating in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production, with a portfolio of 6,358MW of gross installed capacity. With a development focused on wind and solar photovoltaic energy, the Company recently entered new promising markets: Israel, Morocco, South Africa and Poland, and is expanding its business in offshore wind energy. The Company is also present in other segments of the renewable energy market: marine energy, biogas, biomass and small hydro as well as in distributed energies. EDF EN manages renewable energy projects’ development and construction as well as operation and maintenance for its own accord and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group and its renewable energy arm.

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December 4, 2013

Su-Kam Power To Form JV With Trojan Battery for Solar Power Applications...

 

Su-Kam Power To Form JV With Trojan Battery for Solar Power Applications...

Su-Kam Power Systems is planning to partner US based Trojan Battery powery to strengthen its battery portfolio for solar and inverter applications in India.

Initiating the alliance, the company has launched a co-branded INV-150 deep-cycle battery in India which powers both commercial and residential inverter applications. The battery features Trojan’s advanced deep-cycle battery technology combined with Su-Kam’s manufacturing expertise in the region.

The two already have a a commercial agreement and are exploring more opportunities for deep cycle battery solutions, including power back up applications for the industrial business market segment.

Founded in 1925, Trojan Battery Company is a manufacturer of deep-cycle batteries with operations in California and Georgia. The company has two research and development centers in North America dedicated to engineering new and advanced battery technology.

Su-kam Power Systems Limited provides power back-up solutions for both domestic as well as industrial markets, with a focus on eco-friendly, inexhaustible energy solutions like solar power. The privately held company, which has investors such as Anil Dhirubhai Ambani Group (ADAG) and Temasek Holdings on board is headquartered in Gurgaon with 7 manufacturing facilties and has over 30000 dealerships in India.

The two Investors launched a $ 200 million private equity fund to invest in India's growing power sector called the Reliance India Power Fund through which it picked up 19.18% of the total paid-up capital of the company and became a major shareholder in the company.

Early this year Su-Kam Power Systems was planning an unidentified solar panel making firm.

Last year, the company had joined hands with Israel-based Gamatronic Electronic Industries to manufacture and sell industrial power back-up solutions in India.

Recently in this space, Stored energy solutions provider, EnerSys had acquired the remaining 49.5% stake in its Indian JV company Energy Leader Batteries India; US based Alpha Technologies had acquired NavSemi Energy, a Bangalore based solar energy harvest maximization technology company

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November 29, 2013

ACME to partner with SAMSUNG for the development of solutions related to Solar Power Projects...

 

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ACME, a leader in energy management and innovative solutions for alternate energy sector with presence in solar power generation, today said it had signed an exclusive and strategic agreement with South Korean energy storage system giant Samsung SDI, part of the Samsung, to manufacture and marketing of lithium ion batteries in telecom, solar power, defence sectors and other allied industries in India and the African continent.

As per the agreement, ACME will be the Sole Partners of Samsung SDI in India and Africa markets, has the exclusive right to use Samsung SDI’s technology and will aim sale of upto 110 MWh of lithium ion batteries by FY 2016 in the above two regions.

“Acme has been a pioneer in introduction of innovative and disruptive energy technologies to the Indian industry since its inception, to reduce energy consumption, carbon emission and diesel usage. In line with our tradition, we are taking major steps forward to solve one of the biggest challenges of the energy industry by having a right storage solution from Kilo Watt to Mega Watt class. This will help users to replace their diesel generators, invertors and at the same time help utilities to schedule their renewable energy generation as per the demand.

Samsung SDI being world’s biggest Lithium Ion Battery manufacturer and leader in technology and innovation, is our partner for manufacturing and marketing Energy Storage System (ESS) solution in India and Africa. We believe the unique strength of the two partners will be able to create and offer disruptive and right solutions for the Indian market to resolve issues related to back up power and distributed generation,” said Mr Manoj Kumar Upadhyay, Chairman and Managing Director, ACME.

Mr KH Kim, Vice President, Marketing and Sales, Samsung SDI said,” By this strategic alliance with ACME, Samsung SDI will make a milestone to expand our business of the energy storage system in India and Africa market. As a leading company of LIB-ESS industry, we will keep continuing to explore the market in India and Africa. We believe, with Samsung’s quality, capability and ACME’s network, we can reach our goal to become No.1 in this LIB-ESS business.”

The battery industry in India has been registering a CAGR of around 20% over the last few years. On the global front, the last decade has observed the surge in usage of Li-Ion batteries with while that of Ni-Cd, NiMH and Lead Acid batteries has been near stagnant. As per an estimate by Frost & Sullivan, the global market for Li-Ion segment was around $11.7 bn in year 2012 with 64% share of consumer batteries i.e. mobile phone, cameras, laptop, tablet PC and power tools, etc. This is expected to grow to double by 2016 and “the share of consumer batteries in the overall segment to be reduced to 52% and industrial usage to grow multifold”

In India, this technology will help several industries including telecom, utilities, defense, off-grid, logistics and many more.

The ESS industry will also play a major role combined with the green energy solutions to make them a reliable and viable hybrid energy source unlike conventional solar and other renewable energy options that work as per the natural clock. With the latest technological innovations, the lesser need for recharge and longer duration back-up will serve purpose by bringing contiguity in its output.

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November 13, 2013

BHEL in talks with alstom and foster wheeler for tie-up in CBFC boiler technology...

 

Alstom & Foster Wheeler to tie up with BHEL for CFBC Boiler

France's Alstom and Switzerland-based Foster Wheeler AG are frontrunners for a possible partnership with Bharat Heavy Electricals Ltd (BHEL) in the circulating fluidised bed combustion (CFBC) boiler segment.

This is a technology where the state-owned equipment firm is not considered as strong as competitors in the domestic market such as Thermax and ThyssenKrupp India.

With distinct commercial advantages in the long run and its credentials as a clean carbon platform, CFBC boilers are expected to be increasingly used for power generation as well as for industrial applications in the future, with a projected domestic market potential of around 8,000 MW per annum.

BHEL officials indicated that the company was in various stages of talks with both Alstom and Foster Wheeler for a partnership in the large CFBC boiler segment.

Unlike in the case of coal that is powdered, pulverised and then burnt in a furnace, the CFBC boilers have the advantage of fuel flexibility.

These boilers can also be operated with non-coal fuel options such as lignite, bagasse and straw.

The advantage accruing from clean-coal platform will be by way of fuel flexibility to burn a variety of fuels — coal, lignite, coal washery rejects, biomass and waste materials — at a low combustion temperature.

While BHEL does have some in-house expertise in commissioning small CFBC sets of 125 MW, the state-owned company hopes to design and develop large-sized CFBC boilers in the technology partnership that it is trying with Alstom and Foster Wheeler.

Early last year, BHEL had commissioned its first unit of 250 MW lignite-powered CFBC boiler at Neyveli Lignite Corporation complex in Tamil Nadu, after having supplied two 125 MW CFBC boiler units for Surat lignite power project through a technical collaboration with Germany's AE&E Lentjes.

Typically, in the CFBC boilers, fluidised beds suspend solid fuels in upward-blowing jets of air during the combustion process, resulting in a stormy mixing of gas and solids.

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