29 Nov '13, 6pm

Asia Report: Why India's Solar Market Looks Brighter in 2014

Tata Power Eyeing More Wind, Solar : Tata Power is pledging $260 million annual investment in renewable energy and wants more solar and wind energy acquisitions. Since last month's purchase of a 39-MW wind farm in western Gujarat from AES "we have got a lot of interest from other owners of solar and wind operating assets who want to exit their investment," according to Rahul Shah, the chief of business development for India business and renewables. Tata operates about 400 MW of wind projects and 30 MW of solar but is eyeing up to 370 MW to take on, possibly starting by the end of the current fiscal year in March 2014. Margins are about half that of coal and gas plants (12-18 percent vs. 20-30 percent) but performance is more predictable and thus so are its returns, he added.

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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