The Rs 398-crore investment by Mauritius-based DH Renewables in Deepak Kochhar’s NuPower Renewables for a 55% stake appears to have been made at a valuation that was generous relative to its financials, based on an examination of Ministry of Corporate Affairs (MCA) records.
Two years after it was launched, the world’s first solar cooperative has transformed Gujarat’s Dhundi village
The unrelenting heat of the summer afternoon sends us scurrying for cover under a large tree as we reach Dhundi village in Gujarat’s Kheda district. We are making our way to Udaysinh Chawda’s home.
The rising share of renewables in India’s total energy consumption does not appear to have significantly benefitted companies floated by Deepak Kochhar, who has a sizeable interest in the sector. An ET Intelligence Group analysis of the documents filed with the Ministry of Corporate Affairs
The Surat Municipal Corporation (SMC) produces nearly 40MW of green energy from wind, solar and biogas. Another 10MW of energy will be produced in the next 12 months.
Indian engineering, procurement and construction (EPC) contractor Sterling and Wilson announced on Thursday that it has created a new business unit to offer solutions for hybrid power plants using energy storage.
Citing the huge demand for oil and gas in the country, Vice-President M Venkaiah Naidutoday stressed on the need to tap renewable energy.
India may not see power tariff auction for wind-solar hybrid projects or common bidding for power projects in near future, said a top official of Siemens Gamesa India on Thursday.
Siemens Gamesa, the world’s second-largest wind turbine maker, said it was seeking to bolster growth by targeting markets in Asia, Latin America and Australia.
In what will help boost its clean energy commitments, India has called for expression of interest (EoI) for the first offshore wind energy project in the country that is being set up in Gulf of Khambat, off the coast of Gujarat, according to a government statement.
The government has invited the industry to explore India’s first offshore wind energy project proposal, following its plans to achieve 5 GW project capacity by 2022 in this area which has not yet been explored in the country.