Friday, September 25, 2009
Leitner Shriram has commissioned its wind turbine manufacturing unit in Gummidipoondi, Tamil Nadu. The factory will initially produce 120 units of 1.5MW wind turbines per year with plans to expand it to 250 units. Leitner Shriram is owned 51% by Italy’s Leitwind Technologies and 49% by Shriram EPC.
According to Business Standard, Orissa’s State Level Technical Committee has approved two biomass and five solar projects in the state. The biomass projects include 15MW by Starlight Energy in Nuapada and 5MW by Mahavir Hitech Chemicals Sundargarh district. The solar projects include 5MW each by RSB Energy, Enzen Global Solutions, Lanco Solar, Sunark Solar and SREI Infrastructure.
Thursday, September 24, 2009
Canadian power firm Canasia is planning to set up a 2x25MW solar power project in Gujarat. The firm has already submitted the proposal to the state government with a request for 500MW downstream. The company also plans to foray into geothermal at a later stage.
Hong Kong-based power major CLP is setting up a 99MW wind farm in Tamil Nadu, making it the firm’s sixth power project in India. The Theni project is expected to be online in Q1 2010. CLP said that the wind power policy of Tamil Nadu along with the renewables purchase obligation targets is very encouraging for independent power producers to invest in the state.
Acme Group’s plans to use fuel cells as backup power are likely to get delayed as its partner Idatech will not be able to meet the product acceptance testing deadline. Acme had signed an agreement with Idatech and Canada’s Ballard Power last year for 10,000 fuel cell systems. It had intended to use these fuel cells at its wireless telecom base stations for backup power. However, the project is likely to get delayed as Idatech is not expected to meet the October testing deadline of its natural gas system.
Canada’s Hydrogenics has secured a supply contract from Bhushan Power & Steel for 2MW HySTAT electrolyzers. The firm will make the deliveries in Q1 2010. HySTAT electrolysers supply hydrogen for industrial applications using hydrogen as an energy carrier. Financial details of the contract were not disclosed.
Wednesday, September 23, 2009
Three promoters of Suzlon Energy have sold nearly 70m shares, bringing the promoter group’s total holding in the firm to 53.08%. The transaction is estimated to be in the range of USD 100m-150m. The promoters intend to “provide the funds to the company either in form of debt or equity”. The stock offload deal follows 2% stake sale by Suzlon promoters in May 2009.