CHENNAI: Orient Green Power (OGPL), a dedicated renewable energy generation company with operations in India, has announced the completion of a fund raise of $55 million led by Olympus Capital Holdings Asia, a private equity fund. Olympus Capital is investing $35 million, and Shriram EPC (SEPC) and Bessemer Venture Partners (BVP) are chipping in with $10 million each.

CHENNAI: Pramod Deo, Chairman, Central Electricity Regulatory Commission, on Tuesday made out a strong case for tradable renewable energy certificates.

The Karnataka Renewable Energy Development Limited (KERDL) has commissioned 599 renewable projects, including wind, small hydro, co-generation and biomass projects, out of the 815 allotted to it by the State government, said its Managing Director, V P Hiremath.

By Chandrashekar Hariharan

There is a frenzy to meet the clamour of rising needs.

NEW DELHI: Leading wind power equipment maker Suzlon Energy on Monday announced its plans to venture into the solar energy sector.

Talking to newsmen on the sidelines of the ongoing India Economic Summit here, Suzlon Energy chairman and Managing Director, Tulsi R. Tanti said this would be in addition to the plans for tapping the wind power potential in the country.

LONDON (Reuters) - Renewable energy, such as wind, solar and hydropower, will overtake gas to become the second largest source of electricity behind coal by 2015, the International Energy Agency (IEA) said on Wednesday.

By Naba Bhattacharjee

Pallavi Bisaria / New Delhi/ Lucknow November 10, 2008, 0:42 IST

In order to popularise alternative methods of conventional energy, the Uttar Pradesh government has announced subsidy on solar water heating systems.

The scheme will be carried out through the Non-conventional Energy Development Agency (NEDA), a state government nodal agency for renewable energy.

By Clifford Krauss

For all the support that the presidential candidates are expressing for renewable energy, alternative energies like wind and solar are facing big new challenges because of the credit freeze and the plunge in oil and natural gas prices.

Heliostats redirect sunrays to a tower in Seville, Spain. Energy created at the plant provides electricity to thousands of homes.

The need to meet the growing energy demand from Zambia

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