Regulator Asks Karnataka to Compensate Wind Generators for Income Tax Outgo

Regulator Asks Karnataka DISCOMs to Compensate Wind Generators for Income Tax Outgo

The Karnataka Electricity Regulatory Commission (KERC) has ruled in favor of wind power generators and asked the state distribution companies (DISCOMs) to compensate them for the additional cost incurred due ...
/ / Other, Wind
Gujarat Approves Lowest Tariff of ₹2.84/kWh for 500 MW of Wind Projects

Gujarat Approves Lowest Tariff of ₹2.84/kWh for 500 MW of Wind Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the tariffs discovered in the competitive bidding process conducted by the Gujarat Urja Vikas Nigam (GUVNL) to procure 500 MW of power ...
/ / Other, Wind
Shell and Eneco to Develop a 760 MW Offshore Wind Farm in the Netherlands

Shell and Eneco to Develop a 760 MW Offshore Wind Farm in the Netherlands

Global energy majors Shell and Eneco bagged a tender to develop a 760 MW offshore wind farm at Hollandse Kust (west) lot VI, in the Netherlands. The cost of the ...
/ / Renewable Energy, Wind
Wind Projects Were Delayed Due to Labor Migration and Supply Chain Disruptions

Wind Projects Were Delayed Due to Labor Migration and Supply Chain Disruptions

Wind projects faced delays due to issues related to the right of way, labor migration, and supply chain disruptions owing to the COVID-19 pandemic, Union Power Minister R.K. Singh told ...
/ / Other, Wind
Maharashtra Commission Rejects Wind Generator's Plea for Termination of PPA

Maharashtra Commission Rejects Wind Generator’s Plea for Termination of PPA

The Maharashtra Electricity Regulatory Commission (MERC) rejected Inox Wind's request to nullify the power purchase agreement (PPA) signed with the Maharashtra State Electricity Distribution Company (MSEDCL), saying that there were ...
/ / Other, Wind
PIF Buys Stake in Germany-based Offshore Wind Developer with 7 GW Portfolio

PIF Buys Stake in Germany-based Offshore Wind Developer with 7 GW Portfolio

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), alongside independent infrastructure investment fund Global Infrastructure Partners (GIP), acquired up to 9.5% equity stake in Germany-based offshore wind developer ...
/ / Finance and M&A, Wind
Tamil Nadu Could Add 25 GW of Wind Power Capacity by 2030 GWEC Report

Tamil Nadu Could Add 25 GW of Wind Power Capacity by 2030: GWEC Report

Tamil Nadu could add 25 GW of new wind power capacity by 2030, according to a new roadmap released by the Global Wind Energy Council (GWEC). Tamil Nadu has an ...
/ / Markets & Policy, Wind
Area Lease Auction for Offshore Wind Projects in California Raises $757 Million

Area Lease Auction for Offshore Wind Projects in California Raises $757 Million

The Biden administration said that it has received more than $757 million in winning bids for offshore wind development rights in California, making it the third major lease sale in ...
/ / Other, Wind
MSEDCL Invites Bids to Procure 300 MW of Wind Power

MSEDCL Invites Bids to Procure 300 MW of Wind Power

Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 300 MW of wind power on a long-term basis from intrastate wind power projects. The last date to submit ...
/ / Other, Wind
Suzlon Sells Balance Stake in Subsidiary Vayudoot Solarfarms for ₹142.3 Million

Suzlon Sells Balance Stake in Subsidiary Vayudoot Solarfarms for ₹142.3 Million

Wind turbine maker Suzlon has approved the sale of its remaining stake of 51.05% in the subsidiary Vayudoot Solarfarms to Ahmedabad-based Aries Renewables on December 3, the company said in ...
/ / Finance and M&A, Wind
AMEA Power to Invest $1.1 Billion in Egypt for 1 GW Wind and Solar Projects

AMEA Power to Invest $1.1 Billion in Egypt for 1 GW Wind and Solar Projects

Dubai-based renewable energy company AMEA Power will invest $1.1 billion in Egypt to develop wind and solar energy capacities of 500 MW each. The investment will take the company’s cumulative ...
Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction

Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction

Tata Power Renewable Energy (TPREL) was declared the winner in Tata Power Delhi Distribution’s (TPDDL) auction for 255 MW wind-solar hybrid power projects. The company has quoted a price of ...
Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage ...
/ / Other, Wind
India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

A Danish-Indian collaborative study, which aims to support India’s 30 GW offshore wind target by 2030, has identified fifteen zones for the first offshore wind development project. The study was ...
/ / Markets & Policy, Wind
Regulatory Approval Granted for Repowering Wind Projects in Karnataka

Regulatory Approval Granted for Repowering Wind Projects in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has ruled that all existing wind projects in the state can undergo repowering, which means the project can replace old and outdated turbines with ...
/ / Other, Wind
NTPC invites BoS package bids for 1 GW Wind Projects in Karnataka

NTPC Invites BoS Package Bids for 1 GW Wind Projects in Karnataka

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the balance of system (BoS) package to set up interstate transmission system (ISTS)-connected wind power projects of 1,000 ...
/ / Other, Wind
Daily News Wrap-Up: Google Signs 5 TWh PPA with Engie for Offshore Wind Farm

MNRE Issues Draft Tender to Lease Sea Bed for 4 GW of Offshore Wind Projects

Ministry of New and Renewable Energy (MNRE) has issued a draft tender to select wind power developers for leasing sea-bed areas to develop 4 GW of offshore wind power projects ...
/ / Other, Wind
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
/ / Finance and M&A, Wind
Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Singapore-based renewable energy company Sembcorp’s wholly-owned subsidiary Sembcorp Green Infra Limited has entered into an agreement with India Infrastructure Fund II, managed by Global Infrastructure Partners, to acquire 100% of ...
/ / Renewable Energy, Solar, Wind
Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties

Wind Turbine Maker Vestas Posts €147 Million Loss in Q3 Amid Market Uncertainties

Vestas Wind Systems, a wind turbine manufacturer, posted a loss of €147 million (~$146.33 million) in the third quarter (Q3) of the calendar year (CY) 2022, compared to a profit ...
/ / Other, Wind
Maharashtra Regulator Orders Wind Developer to Pay Deviation Charges

Maharashtra Regulator Orders Wind Developer to Pay Deviation Charges

Maharashtra Electricity Regulatory Commission (MERC) directed Sterling Agro Industries to pay deviation charges of ₹1,634,494 (~$19,747) for the period between January 6, 2020, to June 28, 2020, for deviation at ...
/ / Markets & Policy, Wind
Pooling Wind Power Bids a Good Idea but More Clarity Needed

Pooling Wind Power Bids a Good Idea but More Clarity Needed

The government is contemplating pooling of bids across the states to boost wind energy installations which have fallen off since 2017. Falling tariffs under the reverse auction regime have pushed ...
Wind Turbine Maker Suzlon's ₹2.4 Billion Rights Issue Oversubscribed

Wind Turbine Maker Suzlon’s ₹2.4 Billion Rights Issue Oversubscribed

Indian wind turbine maker Suzlon announced raising ₹12 billion (~$145.80 million) through a rights issue of 2.4 billion partly paid-up equity shares. The issue was oversubscribed 1.8 times. The equity ...
/ / Finance and M&A, Wind
US Announces $30 Million Funding for Wind Power Research

US Announces $30 Million Funding for Wind Power Research

The United States Department of Energy (DOE) has said it intends to use $30 million from the President's Bipartisan Infrastructure Law to reinforce wind energy's key role as a clean ...
/ / Renewable Energy, Wind
GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option

GUVNL Issues Tender for 300 MW of Wind Projects with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to purchase power from 300 MW of grid-connected wind power projects (Phase-IV) with a greenshoe option of an additional 300 MW. These ...
/ / Other, Wind