RE News

Indian Solar Sector to Benefit from US EXIM Lending The U.S. Export-Import Bank expects India to become its biggest recipient of funding next year, led by loans for clean-energy projects inclu...
Clover Commissions Supa Project Clover Solar Private Limited has commissioned a 2.2 MW solar PV power plant in Supa, Baramati in Maharashtra. The Rs 4 billion project is sp...
Rajasthan Opens Bids for 200 MW Solar Projects Rajasthan state started accepting bids from developers to set up 200 megawatts of solar power projects in an area that has the country’s sec...
Tata Buys BP Out of the Solar Venture Bringing an end to more than two decades of their relationship in the renewable energy space, BP Alternative Energy Holdings, a subsidiary o...
MNRE Pushes PSUs to Set Up RE Projects MNRE has asked all state-run companies to set up renewable energy projects as part of efforts to combat climate change. The companies can al...
NPCL Plans 1MW Solar Plant Noida Power Company Limited (NPCL) has decided to build a 1 MW solar power plant in Surajpur in Greater Noida. Electricity from the solar po...
T-Solar Commissions 5MW Rajasthan Project Spain’s T-Solar and Astonfield Renewable Resources have commissioned their 5 MW solar PV photovoltaic power plant in Jodhpur, Rajasthan. T-S...
Sunborne Plans 50MW Project in AP Sunborne energy is planning to set up a 50 MW solar thermal power project in Andhra Pradesh at an investment of Rs 5-6 billion (including la...

Upcoming RE Events

Renewable Energy World India 2012

19-21 April, 2012, New Delhi

The conference and exhibition will address the important technical and logistical issues facing the Indian government’s ambitious plans to modernize its power infrastructure.

New Energy India
RE-Thought

2011 Saw Hectic PE Activity in RE...

Wishing the newenergyindia.org community a clean and green 2012! 

The year 2011 saw 454 PE deals in India worth $9.4 billion. In terms of value, infrastructure continued to attract the big dollar inflow. The action however shifted towards alternative energy (and transportation) in contrast to conventional energy play that ruled 2010. Several PE firms showed interest in RE during the year. Here is a listing of key PE firms that were active in the energy/RE space during the year…

 

Goldman Sachs invested over $200 million in renewable energy start-up ReNew Wind Power, founded by prominent deal-maker and former Suzlon Energy COO Sumant Sinha. The deal marked the single largest private investment in the renewable energy sector in India while Goldman became a majority shareholder in ReNew. Incidentally, Goldman Sachs has invested over $1.5 billion in alternative/clean energy-related companies globally.

 

Blackstone Advisors India invested $111 million in VISA Power Ltd, an independent power producer and a part of the $1.1 billion Kolkata-based Visa Group. It also acquired stake in Monnet Ispat and invested in the latter’s power utility subsidiary in 2010.

 

JPMorgan Chase & Co invested $110 million (around Rs 500 crore) into Hyderabad-based Soma Group, which is involved in construction & development of infrastructure projects in transportation, hydel power and water resource space.

 

Standard Chartered Private Equity recently invested $70 million in a subsidiary of London-listed clean energy producer Greenko Group PLC in a structured transaction.

 
 

Key RE Statistics

Grid-Interactive Renewable Power

Bio Power (Agro residues) 1,045 MW
Wind Power 14,551 MW
Small Hydro (up to 25 MW) 3,106 MW
Cogeneration-bagasse 1,743 MW
Waste to Energy 72 MW
Solar Power 40 MW

Distributed Renewable Power

Biomass Cogen (non-bagasse) 317 MW
Biomass Gasifier 134 MWeq
Waste-to-Energy 74 MWeq
(Grid Interactive + Distributed) 21,157 MW

Source: MNRE, 30 June 2011.