Interest in India’s Renewable Sector is growing by the day with massive potential in Wind,Solar,Biomass\u00a0 and Nuclear Energy.Renewable Energy in India is going to more than quadruple in capacity over the next decade providing amply growth and profit opportunities.Foreign and domestic makers are already making a beeline to the Indian market to get a first mover advantage.Here are some of the main news in the Green Industry Space in India<\/p>\n
Understanding Indian Renewable Energy<\/strong><\/p>\n India Green News<\/strong><\/p>\n Spain’s Gamesa, one of the world’s top wind turbine groups, said Wednesday it plans to invest 60 million euros ($83 million) in new plants in India, which accounts for 8.0 percent of its worldwide sales.Gamesa “continues to expand its presence in fast-growing markets, this time in India, where the company has announced that it will invest more than 60 million euros through 2012 to build new manufacturing plants,” it said.<\/p>\n The group plans to open a turbine blade factory in northwestern Gujarat state this year, with initial production capacity of 300 MW.<\/p>\n<\/div>\n<\/blockquote>\n Leitner Shriram Manufacturing, a joint venture between the Leitner Group of Italy and Shriram EPC for manufacture of wind turbine generators (WTGs), is gearing up for the european market with 3mw turbines.<\/p>\n The company is preparing a prototype with different designs and will get it tested in Europe. Based on results, which is likely to be out during March 2012, it will decide on launching the 3mw turbines commercially. Besides, in the domestic market, the firm is looking at testing 2mw capacity turbines for class I wind sites and 1.5mw turbines for class III sites, which have low wind speed. The components required for these turbines are being sourced from international and domestic markets. The testing is expected to be done by September and by April 2012, the company would decide on their introduction.<\/p><\/blockquote>\n Gujarat state has led India\u2019s nascent solar industry, awarding licenses for 959 megawatts to developers seeking a foothold in a state-subsidized renewable energy market. The first 48.5 megawatts were required start operating by Dec. 31, according to a list obtained by Bloomberg News from Gujarat Urja Vikas Nigam Ltd.<\/a>, the state-run company that will buy the power.<\/p>\n Companies agreed to penalties that were laid out in their power purchase agreements, Patil said. \u201cThey will be charged accordingly,\u201d he said. The penalties for delays in beginning operations are 10,000 rupees ($222) a day per megawatt for the first 60 days and 15,000 rupees thereafter, according to the state power company that contracted to buy the electricity.<\/p>\n Lanco Infratech Ltd.,<\/a> the Hyderabad-based developer that completed its 5-megawatt allotment on Dec. 20, is the only company that met the deadline. Five projects awarded to Azure Power<\/a> of New Delhi, Zeba Solar, Germany\u2019s Dreisatz GmbH<\/a> and MI MySolar24 Ltd. weren\u2019t completed.<\/p><\/blockquote>\n Spanish wind turbine maker Gamesa has no plans to buy a stake in India’s Suzlon Energy, its chief executive said on Wednesday.<\/p>\n Jorge Calvet also said the company had no plans for a partnership with Suzlon.<\/p>\n Local media had earlier reported that Gamesa could buy a stake in Suzlon. The Indian company has also denied any stake sale plans.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":" Interest in India’s Renewable Sector is growing by the day with massive potential in Wind,Solar,Biomass and Nuclear Energy.Renewable Energy in India is going to more than quadruple in capacity over the next decade providing amply growth and profit opportunities.Foreign and domestic makers are already making a beeline to the Indian market to get a first mover advantage.Here are some of the main news in the Green Industry Space in India<\/p>\n","protected":false},"author":54,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[75,86,88,40,45,52,69],"tags":[1118,1186,1373,1685,1765,2125,2173,2243,2256,3485,3549,5746],"class_list":["post-3221","post","type-post","status-publish","format-standard","hentry","category-biomass-renewable-energy-greeninvest","category-energy-indian-capital-markets","category-finance-indian-capital-markets","category-renewable-energy","category-solar-renewable-energy-greeninvest","category-solar-panels","category-wind-renewable-energy-greeninvest","tag-clean-technology","tag-competition","tag-debt","tag-electricity","tag-environment","tag-geothermal-renewable-energy-greeninvest","tag-global-warming","tag-government","tag-green","tag-ma","tag-marketshare","tag-utility"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/3221","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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=3221"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/3221\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=3221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=3221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=3221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
Spain’s Gamesa plans major investment in India<\/a><\/h4>\n
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Leitner Shriram set to enter Europe<\/strong><\/a><\/h4>\n
Delayed Solar-Power Plants Face Fines as Gujarat Sets Precedent<\/a><\/h4>\n
Gamesa CEO says no plans to buy stake in Suzlon<\/a><\/h4>\n