Latest Wind Power News in India July'21

7 August, 2021

Latest Wind Power News from around India

  1. NTPC & ONGC partnership: Power generation company NTPC Limited and oil and gas exploration company ONGC Limited have announced a partnership to set up offshore wind energy projects. The two companies signed a memorandum of understanding last year. The partnership agreement also covers other clean energy sectors like storage and e-mobility.
  2. Siemens: Siemens Gamesa has bagged a 322 MW wind power project order from ReNew Power to be executed in Tondehal in Karnataka. In total, Siemens Gamesa will deliver 180 of its new SG 3.4-145 wind turbines in Karnataka, covering 93 units for the Tondehal project in the Koppal district, and 87 units for the 301 MW Hombal project in the Gadag district (87 units, 301 MW).
  3. Deadline Extension: At a meeting between renewable energy companies and the Ministry of New and Renewable Energy (MNRE) in June, wind companies have requested the government to extend the deadline for project completion to at least 24 months, according to people who attended the meeting.
  4. Government guidelines regarding assessment: As a follow-up of the government’s notification of the National Offshore Wind Energy Policy in 2015, which provides the basic framework for developing the offshore wind sector in the country, authorities would work towards developing offshore wind power in the country. The government is also conducting offshore wind resource assessments and related studies through the NIWE to confirm the offshore wind resource potential in designated locations off the coast of Tamil Nadu and Gujarat.
  5. Saudi entry into India: Alfanar, a Saudi company, has announced its entry into Indian energy sector through 100 per cent acquisition of wind turbine OEM Senvion India from Senvion GmbH. Through this acquisition, Senvion India will provide full EPC and O&M solutions for wind power projects to customers in India. Senvion has localised 85 per cent of its turbines in India and has created over 2,000 direct and indirect jobs.
  6. CERC order regarding Bank guarantee against connectivity: The petitioners’ request to adjust the BG against the Stage-II connectivity in respect of NTPC LoA sought on SECI LoA was not accepted by CERC.Upon considering the submissions of the petitioners and the respondent, PGCIL, the commission stated that during the hearing dated in June 2020, the commission had made it clear that the BG under Transmission Agreement of January 2019 against NTPC LoA cannot be linked to connectivity applied against SECI LoA and that the petitioners will be required to comply with the provisions of the 2009 Connectivity Regulations and the RE Connectivity Procedure and submit requisite BG in terms of Transmission Agreement to be signed for connectivity applied against SECI LoA.
  7. 70% of equipment used in wind power generation is made in India: The Government has taken several steps to promote renewable energy, including wind energy, in the country. These include permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route, Waiver of Inter State Transmission System (ISTS) charges for inter-state sale of solar and wind power for projects to be commissioned by 30th June 2025 etc.

24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches