India needs $110bn of annual energy investment to 2040 – 75% of it in an increasingly renewable but currently inadequate power sector – to keep pace with soaring demand in a nation set to become the world’s most populous, the International Energy Agency (IEA) said today.
The Global Wind Energy Council (GWEC) thinks India is likely to carry out its first offshore wind tenders before the term of the current government runs out in 2019, but remains cautious about the country's offshore potential.
20 November 2015 08:33 GMT
The owner of Australia’s 270MW Snowtown 2 wind farm – the country’s second-largest – has cut annual yield expectations from the project by 9.4%, blaming the “limitations” of modelling tools available to developers.
19 November 2015 10:33 GMT
Chinese turbine manufacturer Ming Yang posted increased third-quarter profits, as it predicted “opportunities and challenges” in China’s wind sector and revealed it will complete its first project in India next month.
17 November 2015 01:51 GMT
Indian turbine OEM Inox Wind has opened the doors on its new 800MW integrated production facility in Madhya Pradesh state – said to be among the largest in Asia – as competition intensifies among manufacturers chasing a slice of India’s red-hot renewables market.
16 November 2015 10:29 GMT
Floating foundation pioneer Ideol has set the seal on a breakthrough deal with the China Steel Corporation (CSC) to jointly develop offshore wind turbines based on the French company's innovative "damping pool" technology for use off Taiwan.
12 November 2015 10:18 GMT
Tata Power reported a 6.6% year-on-year jump in its second-quarter revenue to 90.4bn rupees ($1.36bn) and unveiled plans to shift oversight of 376.5MW of operational wind capacity to its main renewables-development unit.
10 November 2015 07:09 GMT
Ming Yang CEO Zhang Chuanwei surprised investors this week when he announced tentative plans to take the Chinese wind turbine manufacturer private, with a non-binding offer of $2.51 per American depository share (ADS).
04 November 2015 09:59 GMT
TransAlta Renewables (TAR), the Canadian yieldco that has recently fallen in love with gas, reported third-quarter results “in line with expectations”, even as weak winds in eastern Canada dented its overall power generation and revenue.
02 November 2015 03:38 GMT
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