MUMBAI: Singapore-based Continuum Wind Energy, which has an India-centric focus, is scouting for equity investors to raise $300 million of fresh capital after a deal to sell stake to the now bankru

German capital goods major Siemens will get a stronghold in the Indian wind energy, where it had a late entry, after signing an agreement with Spain's Gamesa to combine their wind energy business t

Hong Kong's CLP Group, the largest overseas investor in power in India, wants a piece of the country's solar energy action.

MUMBAI: CLP India's wind energy arm has raised Rs 600 crore via issue of green bonds.

IN JEOPARDY Co is revising budget and strategy for Carmichael coal mine as it awaits approvals from Queensland govt.

Seven others in the fray pull out as bidding gets increasingly competitive.

It hopes to sell the Big Sky wind park to pay off some of its debt

Suzlon Energy has taken over a wind farm in the US to recover $208 million it said was outstanding from client Edison Mission Energy, which had withheld the payment accusing the Indian wind-turbine maker of supplying defective equipment.

Projects may become unviable as ministry has got just a third of the budgeted . 1,521 crore for 2013-14

Solar and wind energy companies are waiting for the government to clear subsidies amounting to more than . 1,000 crore as they stare at potentially unviable projects which they had launched due to the promise of incentives.

The renewable energy sector in India, led by the wind energy segment, is seeing a rebound in investment with around five deals worth $500 million (approximately . 3,000 crore) being sealed in 2013. In contrast, there has not been a single deal in the conventional energy segment.

“Investors are shying away from conventional energy due to policy uncertainties and lack of fuel linkage. While the government has been flat-footed on thermal energy, it is encouraging renewable energy, making the sector attractive for investors,” said Vish Narain, partner at global private investment firm TPG.

India will witness its weakest wind energy capacity addition in seven years, due to the double-whammy of high interest rates prevailing in financial year 2012-13, coupled with a rollback of incentives, sector players and experts said.

The country may be able to add only 1,500 MW of new wind energy capacity in the fiscal year 2012-13, missing the target of 2,500 MW set at the beginning of the year. According to data from Central Electricity Authority, India has added about 1,068 MW of new wind energy capacity in FY13, until December.