{"id":2332,"date":"2010-10-22T14:56:40","date_gmt":"2010-10-22T09:26:40","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=2332"},"modified":"2010-10-22T14:56:40","modified_gmt":"2010-10-22T09:26:40","slug":"green-investing-in-india-siemens-partners-adani-conglomerate-to-expand-its-renewable-energy-portfolio","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/10\/22\/green-investing-in-india-siemens-partners-adani-conglomerate-to-expand-its-renewable-energy-portfolio\/","title":{"rendered":"Green Investing in India – Siemens partners Adani Conglomerate to expand its Renewable Energy Portfolio"},"content":{"rendered":"

Siemens has decided to invest around $300 million or Rs 1600 crores in India most of which will go towards Renewable Energy Investments.The Company had earlier established a beachhead in the western state of Gujarat to manufacture solar and wind energy<\/a> components.The Company is setting up a 250 MW WEG Plant in India which will be expanded to 500 MW later on.Note India’s Wind Energy Market is already crowded with a number of domestic and foreign wind energy manufacturers<\/a>.Siemens has therefore decided to concentrate of low power ratings turbines suitable for India and neighbouring countries.Note Siemens has a solid technological edge in Concentrated Solar Thermal Plants after acquisition of the Soleil Systems.<\/p>\n

The JV with the Adani Group is a win-win for both companies.Adani Group is setting up 16000 MW of Thermal Based Plants in India over the next few years and has also planned a 100 MW Solar Plant in Gujarat.It has started a company Adani Renewable Energy to take forward its Green Energy initiatives.The tie-up with Siemens will allow it to access cutting edge Green Technology while Siemens will get a huge customer for its Energy Equipment.Renewable Energy in India is a huge growth opportunity considering that India will have to increase its Renewable Energy by almost 45 GW over the next 10 years if it has to meet 15% of its Electricity Requirements from Green Sources as mandated by the CERC.Green Investing in India – Siemens tie ups with Adani Conglomerate to expand its Renewable Energy Portfolio<\/p>\n

Siemens fuels local green interest with Adani tie-up – BS<\/a><\/h4>\n

With India emerging as a big market not only for conventional but renewable power, too, global energy major Siemens plans to make the country a major hub for its \u2018green energy\u2019 business. It has tied up with the Adani group for a foray into solar power, besides firming plans to put up a wind energy turbine plant in Baroda, targeted at other emerging markets.<\/p>\n

For the $5-billion Adani group, which has business interests in diverse fields such as energy, trading, ports, infrastructure and logistics, a tie-up with Siemens can help in accessing latest technology in the solar energy sector. The Adanis plan to set up a 100 Mw solar power plant at Surendranagar in Gujarat, through its subsidiary company, Adani Renewable Energy.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The JV with the Adani Group is a win-win for both companies.Adani Group is setting up 16000 MW of Thermal Based Plants in India over the next few years and has also planned a 100 MW Solar Plant in Gujarat.It has started a company Adani Renewable Energy to take forward its Green Energy initiatives.The tie-up with Siemens will allow it to access cutting edge Green Technology while Siemens will get a huge customer for its Energy Equipment.Renewable Energy in India is a huge growth opportunity considering that India will have to increase its Renewable Energy by almost 45 GW over the next 10 years if it has to meet 15% of its Electricity Requirements from Green Sources as mandated by the CERC.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[86,40,45,69],"tags":[903,1186,1685,1720,2243,2256,3138,4317],"class_list":["post-2332","post","type-post","status-publish","format-standard","hentry","category-energy-indian-capital-markets","category-renewable-energy","category-solar-renewable-energy-greeninvest","category-wind-renewable-energy-greeninvest","tag-capital-goods","tag-competition","tag-electricity","tag-energy","tag-government","tag-green","tag-investment","tag-regulator"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=2332"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2332\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=2332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=2332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=2332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}