Purvah Green, Ecoren Collaborate For 686.85 MW Wind Project

Today, West Bengal-based Purvah Green Power Private Limited, entered into a binding term sheet with Ecoren Energy India, which is neither a related party nor a part of the promoter or promoter group of the company. This agreement between the CESC subsidiary, Purvah Green Power, and Hyderabad-based Ecoren Energy is undertaken to build a wind power project of up to 686.85 MW.

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The project is likely to be commissioned within three years, subject to the receipt of the relevant licenses/ permits/ approvals from various authorities and carrying out various civil/electrical and other related works.

H1: Global Wind Turbine Orders Hit 91.2 GW, India Orders Rise 69% YoY

A recent report by Wood Mackenzie indicated an increase in wind turbine order globally. The global wind turbine intake reached a new high in H1, with the addition of 91.2 GW.

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This is a 23 percent increase year-over-year (YOY). According to a new analysis from Wood Mackenzie, this took the global investment by developers in H1 to US$ 42 billion, a 3% increase YOY. Whereas, the developers in India made great strides in H1, yielding a 69% increase YOY. In total, APAC accounted for 85% of global intake in H1.
The report credits the recent spike in wind turbine uptake to an increase in order intake in Q2, which exceeded 66 GW. This increase was largely part due to an increase in demand in China’s northern region. According to the report, in addition to 70 GW of orders for its domestic market, China also captured 5 GW of orders abroad.