Senvion had recently announced the sale of some assets to competitor Siemens Gamesa, it has now found a strategic investor for one of its subsidiaries as well. The Senvion India Private Limited will be sold off to a strategic investor. The investor, however, has not been named. It is alsoContinue Reading
The ‘low cost’ approach to economic growth is precipitating a shakedown, forcing businesses in telecom, power, roads, renewable energy and banking sector to shrink, merger, consolidate or shutdown. Across several sectors in India selling ‘cheap’ services to customers may have an appeal, but it is causing financial havoc for companies. TakeContinue Reading
Financial and project implementation troubles for Indian renewable energy (RE) developers do not seem to cease. We had recently reported about several solar power developers who were awaiting payments for the energy their power plants generated over the last few months in the state of Telangana. They have to clearContinue Reading
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