by Microfinance Business on November 5, 2009

India-based Husk Power Systems (HPS), with operations in India , raised an undisclosed amount of second round funding from Shell Foundation to expand its operations for its biomass electrification technology, which converts rice husks into electricity.
Previously, the company raised $235,000 from a number of business plan competitions (Massachusetts Institute of Technology, Dell, University of [...]
by Microfinance Business on November 5, 2009

State power firms to start energy efficiency company
Four state-run power firms will make equal contributions to float a new company, Energy Efficiency Services Ltd (EESL), to promote energy saving projects in the country, Power Minister Sushilkumar Shinde said Wednesday.
The four equal equity promoters of the new company are NTPC, Power Finance Corp, Rural Electrificaion [...]
by Microfinance Business on October 23, 2009

More microfinance institutions need to fund renewables – often the first step out of poverty, says Binu Parthan, deputy director general of the Renewable Energy and Energy Efficiency Partnership (REEEP).
Anita, who lives in Dehradun, a city in Northern India, works with her husband; she sews clothes and he sells them. She took her first [...]
by Microfinance Business on October 23, 2009

General Electric Revives Indian Wind Business as Subsidies Improve
General Electric Co., the biggest maker of power-generation equipment, is reviving its Indian wind-turbine business after a four-year absence because the government has improved incentives.
Fairfield, Connecticut-based GE said this month it will build wind turbines in south India with an annual capacity to produce 300 machines [...]
by Microfinance Business on October 12, 2009

Ministry of New and Renewable Energy, Govt. of India &
Centre for Innovation Incubation & Entrepreneurship
presents
Renewable Energy Search
Visit us at www.re-search.in
Renewable Energy Search is an endeavor by CIIE (IIM Ahmedabad) and MNRE (Government of India) to identify, encourage and incubate entrepreneurial ideas aimed at solving the energy crisis through use of existing clean energy related [...]
by Microfinance Business on October 3, 2009

Chief Minister Narendra Modi said on Wednesday that the state is all set to become a hub of solar energy generation, adding that Surat itself will produce half of the total power generated in Gujarat in the coming years.
He said this at the inauguration ceremony of Sugen Mega Power plant at Kamrej in Surat. This [...]
by Microfinance Business on October 3, 2009

The world’s largest single political jurisdiction to date, India, has made a strategic move to use a comprehensive system of feed-in tariffs to develop its renewable energy potential.
China had previously announced feed-in tariffs for wind energy only. The country is expected to reveal feed-in tariffs for solar energy later this year.
India’s Central Electricity Regulatory Commission [...]
by Microfinance Business on October 3, 2009

Steve Sawyer , secretary general, Global Wind Energy Council, was in Delhi recently to release a report on the Indian Wind Energy Outlook
for 2009. He tells Narayani Ganesh that at least one quarter of India’s energy requirements could be met with wind power by 2030:
Is it realistic to say that by 2030, 25 per cent [...]
by Microfinance Business on October 3, 2009

Euro Multivision forays into solar energy space
IPO opens on September 22, 2009 with price band of Rs 70-75
To set-up Rs. 178.03 crore plant in SEZ in Kutch
Seeking to diversify into solar energy space, India’s 2nd largest manufacturer of CDRs and DVDRs Euro Multivision Ltd will enter the capital market with its IPO of 8.8 [...]
by Microfinance Business on September 11, 2009

Grameen Surya Bijlee Foundation (GSBF) is a Foundation set-up to provide lighting and other amenities to the rural underprivileged in the villages and in the semi urban and urban areas . GSBF aims to harness Renewable Energy sources, focused currently on solar energy using White LED’s (Light Emitting Diodes ) as the principal source of [...]
by Microfinance Business on September 11, 2009

In view of the intense activity and high amount of news volume being generated in the renewable energy sector in India, we have decided to henceforth compile news digests which will provide only a summary rather than posting the entire article. Readers who are interested in more information about a specific article can click on “Rest [...]
by Microfinance Business on September 3, 2009

BHEL to set up solar PV facility
Bharat Heavy Electricals Limited (BHEL), the state-owned power equipment major, is planning to invest close to Rs 2,000 crore to set up a 250 Mw solar photovoltaic production facility for processing silicon wafers, solar cells and PV modules. The facility will be set up in a joint venture with [...]