Summit Ridge Energy, a new solar company led by former employees of bankrupt SunEdison Inc., obtained funding from New York-based Aligned Intermediary, an investment adviser focused on climate-related projects, raised capital from five members of its team and six outside backers. Summit Ridge will initially focus on the East Coast andContinue Reading
At the stroke of midnight on Friday,30th June 17, India’s goods and services tax (GST) become official. Reducing tax exemptions is one of the underlying principles of GST. Under the new tax regime government has decided to levy 5 per cent GST on all solar equipment and their parts asContinue Reading
SAIC Motor, the Shanghai-based firm, which has joint ventures with General Motors and Volkswagen in China is likely to introduce electric cars in India which would compete with Mahindra & Mahindra. For this it has created a fully-owned subsidiary, MG Motor India. SAIC Motor owns the MG, Roewe and Maxus brands and saysContinue Reading
Vestas Wind Systems A/S the world’s biggest wind turbine maker wants to expand in the Middle East and the Asia-Pacific region. It has even introduced a new turbine that will be able to operate during the kinds of typhoons and tropical storms that can hit the Philippines and Japan. VestasContinue Reading
National Skill Development Corporation (NSDC) and SchneiderElectric India have setup a Centre of Excellence (CoE) in Bangalore with a focus on Power, Solar and Automation. They have also set up seven Advanced Renewable Energy Training Centres in the cities of Lucknow, Bhubaneswar, Bangalore, Delhi, Cuttack, Vishakhapatnam and Jaipur. Over theContinue Reading
Bengaluru-based CleanMax Solar will put up and own the solar plants which will power Chennai Metro. The price at which the energy will be sold has not been disclosed, but a press release from CleanMax says Chennai Metro would save ₹1.5 crore a year in energy costs. The solar panelsContinue Reading
According to a study by the Council on Energy, Environment and Water, which has former TCS chief S Ramadorai, HDFC chairman Deepak Parekh and former Atomic Energy Commission chairman Anil Kakodkar among the trustees, indicates that wind and solar sectors can generate three lakh jobs, if the Centre and statesContinue Reading
In a landmark judgment in Assam which could have a positive impact on the acute problem of rhino poaching in the state, a fast track court on wildlife crimes on May 25 sentenced a poacher to 7 years in prison besides asking to pay a fine of Rupees twenty fiveContinue Reading
