Category — Renewable Energy

India to Float Tenders for Solar and Wind Power

Raj Kumar Singh, India’s minister for power and new and renewable energy said that 20 gigawatts each of wind and solar power contracts will be auctioned to boost India’s capacity to manufacture equipment, such as solar modules, or panels, which account for nearly 60% of a solar power project’s cost. Most solar power developers in India source solar modules and equipment from countries such as China, where prices are lower. But due to this, Indian manufacturers account for only about 10% of the market despite India having an ambitious 175 GW clean energy target by 2022, of which 100 GW is projected from solar projects.

The Government of India plans to award contracts to developers who quote the lowest price at which they will sell electricity in the auction process for the grid-linked capacity. The projects are expected to be commissioned in phases, reports Live Mint.

Solar Panels

Solar Panels

“It is a great move. Bidding pipeline has gone dry for quite some time and this is very much welcome. This reinforces the government’s commitment to solar… I would also hope that issues related to land acquisition, electricity evacuation and power purchase agreements are simultaneously addressed,” said Sanjay Aggarwal, managing director at Fortum India Pvt. Ltd.

November 11, 2017   No Comments

Gujarat Leads Race to Manufacture Electric Vehicles in India

With the Government of India’s initiative to put 1 million electric vehicles on the roads by 2019 , car and bike makers are preparing to manufacture electric and hybrid systems. The western state of Gujarat is set to become the electric vehicle hub of India.

Ford Motor Co., which has a manufacturing unit at Sanand in Gujarat will partner with Mahindra Group to explore electrification of vehicles as a potential area of co-operation on which they would collaborate and work together for the next three years.

Mumbai-based JSW Group signed an agreement with the government of Gujarat to promote production of battery operated vehicles in the state along with the production of electrical battery, storage solutions and charging infrastructure. The company will invest $700 million (4000 crore) in the project.

Electric car

Suzuki Motor Corporation is gearing up to manufacture EVs in a factory at Hansalpur in Gujarat, and has committed $600 million for the venture.

Tata Motors is looking to revamp its Nano as an EV, in a bid to boost sales; its factory too will be in Gujarat.

Live Mint says that MG Motors India Ltd, a subsidiary of China’s largest auto maker SAIC Motor Corp. Ltd is also considering launching electric and hybrid cars in India. The company has recently taken over General Motors India’s manufacturing facility in Halol, Gujarat “from where we aim to roll out environment-friendly vehicles,” said P. Balendran, executive director at MG Motors India.

September 30, 2017   No Comments

Ford Partners India’s Mahindra to Manufacture eCars

Since the Government of India’s plans to move to an all-electric fleet by 2030, Michigan-based Ford Motor Company will collaborate with Mumbai, India-based Mahindra & Mahindra  to explore joint development of products, especially electric and connected vehicles. The partnership, for an initial period of three years, will expand Ford’s reach in the fast-growing Indian auto market and improve Mahindra’s access to global markets.

Electric car

 “The partnership with M&M will allow us to work together to take advantage of the changes coming in the industry. The enormous growth potential in the utility vehicle market and the growing importance of mobility and affordable battery electric vehicles are all aligned with our strategic priorities,” said Jim Farley, executive vice-president and president of global markets, Ford.

The Business Standard reports that Mahindra  has been losing market share and has not been able grow volumes for more than a year, and Ford has been stuck with a sub-three percent share for a few years, while emerging as the biggest exporter of passenger vehicles from India. Ford has spare capacity which can be used optimally by its new Indian partner.

 

September 18, 2017   No Comments

7 Companies from India Feature in the Carbon Clean200 report

According to the latest Clean200 list, featuring the world’s largest publicly traded companies making significant revenue from clean energy, seven of India’s companies are included. Only Germany, Japan, the U.S., and Greater China have a larger representation than India on the list.

These seven companies are Suzlon Energy (rank 55), Bharat Heavy Electricals (rank 85), Tata Chemicals (rank 144), Exide Industries (rank 155), IDFC Ltd (rank 167), Thermax Ltd (rank 169), and Havells India (rank 200).

Forbes reports that the companies in the Carbon Clean200 report, compiled by the non-profit organizations As You Sow and Corporate Knights, are listed on the basis of certain criteria, some of which are:

  • their estimated green revenues in U.S. dollars
  • they are companies with over $1 billion of market capitalization (at Q3 2017-end)
  • those that earn more than 10 percent of total revenues from New Energy sources

“The Clean200 excludes all oil and gas companies and utilities that generate less than 50 percent of their power from green sources, as well as the top 100 coal companies measured by reserves, top 100 weapons producers, and laggards on tropical deforestation, and child or forced labor, and companies who engage in negative climate lobbying,” the report said.

Suzlon Wind Energy

Suzlon Wind Energy

August 30, 2017   No Comments

SunTrac Collaborates with India’s Perfect Infraengineers

SunTrac Solar Manufacturing LLC., a Wyoming limited liability company with its office in Tempe, AZ, entered into a collaboration with Mumbai, India-based Perfect Infraengineers.

Perfect Infra now has the license to manufacture SunTrac’s hybrid thermal systems, a proprietary technology, that integrates with heating, ventilation and air-conditioning, and refrigeration devices reducing compressor electricity consumption by up to 40%. Perfect Infra will also market and distribute these products under the ‘Perfect-SunTrac’ name.

These panels work on cloudy days, as long as the light available can cast a shadow, with visible light and invisible  ultraviolet-A and ultraviole-B rays. Perfect will provide ready-to-install systems with solar collectors and the necessary smart controls.

SunTrac Hybrid Thermal Systems

SunTrac Hybrid Thermal Systems

Perfect Infraengineers chairman and managing director Nimesh Mehta said that his company will fulfill SunTrac’s global order flow from the Middle East/North Africa regions, Australia and Asia, reports BusinessLine.

August 28, 2017   No Comments