Close
Close

Published

The world of renewables this week

Indian wind turbine supplier Inox Wind has reported a $2 million loss to June 30, compared to a Q1 loss of $7.5 million. Revenue increased to reach $36 million, up from Q1, but down 40% from last year. The Indian government’s shift from offering a feed-in tariff to energy auctions has left wind turbine manufacturers with a liquidity crunch. The Inox order book is now 1.23 GW and it is confident that it can avoid the shakeout of the local wind industry. It won a 250 MW project in the 2017 auctions, but has had to wait until now for the transmission lines to be in place. Last month Suzlon Energy fell into unplanned bankruptcy and had to come to…

Close