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IL&FS Proposes to NCLT Sale of Wind Assets to Orix

ILFS group has proposed to NCLT the sale of its wind energy assets to Japan’s Orix Corporation, reducing the debt of the company by Rs 4,800 crore. Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by […]

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Tata Power-DDL, CEEW Ink Pact to Accelerate RE in Delhi’s Micro-Grids

This collaboration will also help in achieving Delhi’s 1 GW target of solar generation by 2020 and 2 GW by 2025, in accordance with the DERC guidelines for the implementation of group net metering and virtual net metering framework. In order to evaluate and accelerate the integration of decentralised renewable energy into Delhi’s power grid, […]

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After High Court Stay on PPA Move, Andhra Strikes with Curtailment

The Andhra government has decided to curtail renewable generation in the state after state High Court put a stay on its order to renegotiate RE tariffs The newly elected Andhra Pradesh government has decided to curtail renewable power generation in the state after the state High Court put a stay on the government’s order to […]

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Chile Predicted to Have 50 Percent RE in its Energy Mix by 2030

Renewable energy is expected to comprise 50 percent in the Chile power mix by 2030, according to a new report by GlobalData Renewable energy, the only way forward to the global climate change mitigation and environmental requirements, is expected to comprise 50 percent in the Chile power mix by 2030, according to a new report. […]

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Ørsted Reports Strong Numbers for First Half of 2019

Ørsted has achieved an operating profit of USD 1.32 billion in first half of 2019, up 2% and on track to deliver its full-year guidance. Wind Major Ørsted’s Board of Directors approved the interim report for the first half year (H1) of 2019. The firm revealed that it has achieved an operating profit (EBITDA) of […]

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India Ratings Raises Risk Concern for PPAs Signed With SECI, NTPC

In its revenue risk analysis, the India Ratings and Research a part of Fitch Group found that the Power Purchase Agreements signed by NTPC and SECI are vulnerable to risks. Contrary to the general belief that the PPAs signed between the Renewable energy companies and reliable counter parties like Solar Energy Corporation of India (SECI) […]

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Daqo New Energy Announces 112,800 MT Polysilicon Agreement with LONGi

Daqo New Energy has announced that it has signed a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi Daqo New Energy, a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced that it has signed a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi Green Energy Technology (LONGi), the […]

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Equinor to Co-Develop 120 MW Wind Farm in Argentina

Equinor has joined YPF Luz for the development of the 120 MW Cañadón León wind farm in Santa Cruz in Argentina. Norwegian multinational energy company Equinor has joined YPF Luz for the development of the 120 MW Cañadón León wind farm in Santa Cruz in Argentina. Both the developers announced that the companies have entered […]

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Hanergy SHJ technology Sets New World Record With 24.85% Conversion Rate

Hanergy has jointly announced that the ISFH has certified its SHJ technology as the world’s most efficient. Hanergy Thin Film Power Group has jointly announced with Chengdu Zhufeng Yongming Technology company that the Institute for Solar Energy Research in Hamelin (ISFH), the German testing body has certified its silicon heterojunction thin-film battery technology (SHJ technology) […]

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