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Suzlon Maintains Full Year Revenue Guidance Despite Biggest Ever Quarterly Loss

Suzlon Energy has had to face the effects of a worsening economic environment, and have reported it’s biggest ever quarterly loss of 849 crore in April-June. Suzlon Energy, who produce wind turbines, have made fewer sales and have had to cope with rising interest costs and a wildly fluctuating currency. Sales rose a modest 9% to 4,770.66 crore, and chief financial officer Kirti Vagadia has admitted, "The fi ...

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Israeli Environmentalists Oppose Wind-Power Plan

The Israel Nature and Parks Authority is opposing plans to establish wind turbine farms out of concern that they devices could cause a significant number of birds and bats to die. The National Planning and Building Council is preparing to publish a policy paper soon drafted by the Interior Ministry that calls for the construction of stations that produce 800 megawatts of electricity, which would make wind p ...

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Japan Pursuing Unprecedented Floating Wind Power Plant

Japan is planning to attach turbines onto barges to build the world’s largest commercial power plant using floating windmills. The country is determined to overcome the engineering challenges of this unproven technology to reduce its reliance on atomic energy. Marubeni, Mitsubishi Heavy Industries, Nippon Steel and others are collaborating on constructing a 16-megawatt pilot plant off the coast of Fukushima ...

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Reports Touts India’s Wind Power Potential

A new assessment by the Lawrence Berkeley National Laboratory has found that India’s potential for onshore wind energy deployment is significantly higher than the official estimates—as much as 30 times greater than current government estimates of 102 gigawatts. The findings could have considerable impact on India’s renewable energy strategy as it tries coping with a wide spread, chronic power shortages. The ...

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Suzlon to Develop 800 MW Projects with Chinese Wind Energy Company

Suzlon Group, the world’s fifth largest wind turbine manufacturer, has signed a global strategic partnership agreement with CGN Wind Energy Co. (CGNWE), which is a wholly owned subsidiary of Chensui China Guangdong Nuclear Power Group. CGNWE is one of the largest wind power developers in China with installed capacity of around 3,000 MW. Suzlon’s agreement with CGNWE includes the development of 800 MW via do ...

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Mongolia Readying Its First Wind Farm Project

Mongolia’s first wind energy project is receiving $47 million in funding from the European Bank for Reconstruction and Development. The bank is extending a loan of $42.4 million to Clean Energy, which is collaborating with Mongolian investment firm Newcom to build the 50-megawatt Salkhit wind farm. Newcom owns 75 percent of Clean Energy and the bank owns the remaining 25 percent. The European Bank will also ...

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