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News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to announce the collaboration with the NTPC (Northwest Territory Power Corp. in Yellowknife, NT)  in a fuel savings and emission reduction pilot project located in Deline, NT. Deline is located on the southwest shore of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads.  The NTPC operates 3,500 diesel power generation units in remote villages and communities across the Territory. The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels. Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve.  We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.” Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.” About dynaCERT Inc. dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. The HydraGEN™ technology is for use on any diesel-powered equipment such as transport trucks, stationary generators, refrigeration trailers, off-road construction equipment. Fuel savings of up to 19%, emission reductions of up to 40% and exhaust particulate reduction of up to 65% were verified through accredited third party testing. More information can be found at www.dynaCERT.com. READER ADVISORY Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.  In particular, forward-looking information in this press release includes, but is not limited to periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.  Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation.  Readers are cautioned not to place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. On Behalf of the Board


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to announce the collaboration with the NTPC (Northwest Territory Power Corp. in Yellowknife, NT)  in a fuel savings and emission reduction pilot project located in Deline, NT. Deline is located on the southwest shore of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads.  The NTPC operates 3,500 diesel power generation units in remote villages and communities across the Territory. The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels. Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve.  We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.” Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.” About dynaCERT Inc. dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. The HydraGEN™ technology is for use on any diesel-powered equipment such as transport trucks, stationary generators, refrigeration trailers, off-road construction equipment. Fuel savings of up to 19%, emission reductions of up to 40% and exhaust particulate reduction of up to 65% were verified through accredited third party testing. More information can be found at www.dynaCERT.com. READER ADVISORY Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.  In particular, forward-looking information in this press release includes, but is not limited to periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.  Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation.  Readers are cautioned not to place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. On Behalf of the Board


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to announce the collaboration with the NTPC (Northwest Territory Power Corp. in Yellowknife, NT)  in a fuel savings and emission reduction pilot project located in Deline, NT. Deline is located on the southwest shore of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads.  The NTPC operates 3,500 diesel power generation units in remote villages and communities across the Territory. The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels. Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve.  We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.” Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.” About dynaCERT Inc. dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. The HydraGEN™ technology is for use on any diesel-powered equipment such as transport trucks, stationary generators, refrigeration trailers, off-road construction equipment. Fuel savings of up to 19%, emission reductions of up to 40% and exhaust particulate reduction of up to 65% were verified through accredited third party testing. More information can be found at www.dynaCERT.com. READER ADVISORY Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.  In particular, forward-looking information in this press release includes, but is not limited to periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.  Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation.  Readers are cautioned not to place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. On Behalf of the Board


News Article | May 11, 2017
Site: www.engineeringnews.co.za

A South African solar photovoltaic (PV) project developer won the right this week to build a 50 MW solar power plant in Rajasthan, India, following an intensive competitive-bidding process. Phelan Energy Group (PEG), based in Cape Town, prevailed in an online reverse auction involving 14 preselected solar companies, which duelled for over 10 hours on May 9 to secure the allocation at the Bhadla solar park. PEG reports that its Rs2.62/kWh bid, which translates to R0.54/kWh, set a new solar-tariff benchmark in India, coming in more than 15% lower than a previous Indian record achieved in April. Media reports indicate that Avaada Power, of India, also bid Rs2.62/kWh for a 100 MW project at Bhadla, while SBG Cleantech bid Rs2.63/kWh to construct a 100 MW plant. A total of 27 bids, representing a combined 3 250 MW, were reportedly received for the 250 MW capacity on offer. The tariffs bid were also lower than the average rate of power generated by the coal-fired plant’s owned by India’s largest power generation utility, NTPC. “The result from this bid has proved that solar power is no longer simply an alternative, but is the de facto cheapest form of power available in a coal power-dominated market such as India,” PEG chairperson Paschal Phelan said in a statement. PEG subsidiary Solar Capital is a leading solar PV developer in South Africa, with the country's largest installation, at 175 MW. It is also pursuing a 2 000 MW project pipeline. Phelan tells Engineering News Online that, while the Rajasthan project is the company's first foray into India, it definitely intends making further bids. "By 2022, India targets 100 GW of solar, so we do plan to bid again."


News Article | May 11, 2017
Site: globenewswire.com

TORONTO, May 11, 2017 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX-V:DYA) (OTCQB:DYFSF) ("dynaCERT" or the "Company") is pleased to announce the collaboration with the NTPC (Northwest Territory Power Corp. in Yellowknife, NT)  in a fuel savings and emission reduction pilot project located in Deline, NT. Deline is located on the southwest shore of Great Bear Lake, about 400 km northwest of Yellowknife. Deline is only serviced via aircraft and winter ice roads.  The NTPC operates 3,500 diesel power generation units in remote villages and communities across the Territory. The dynaCERT-NTCP project, at this important initial stage, consists of the sale, installation and commissioning of four dynaCERT HG1 units onto three stationary generator units that in turn are responsible for producing all of the electricity in the village of Deline. One stationary generator unit will have two HG1 units. The NTPC engineering team has worked closely with the dynaCERT engineers to design this specific application for the community to align with NTPC’s stated goal of reducing their reliance on fossil fuels. Robert Maier, COO of dynaCERT, states, “NTPC continues to work hard at the leading technological edge to improve the lives of the people they serve.  We are pleased that our HydraGENTM technology is part of this pilot project opportunity to lower operating costs for NTPC and improve the environment for northern communities.” Jim Payne, President & CEO of dynaCERT, states, “We are very pleased to work with NTPC and their communities. With Robert Maier’s managerial and technical leadership, dynaCERT continues to develop new applications and enter varied markets for its HG1 units, not just in trucking but also in remote location power generation. Our engineering creativity, supported by our ongoing commitment to R&D, is rapidly advancing our Company in the diverse world of diesel uses in furtherance of our corporate strategy.” About dynaCERT Inc. dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. The HydraGEN™ technology is for use on any diesel-powered equipment such as transport trucks, stationary generators, refrigeration trailers, off-road construction equipment. Fuel savings of up to 19%, emission reductions of up to 40% and exhaust particulate reduction of up to 65% were verified through accredited third party testing. More information can be found at www.dynaCERT.com. READER ADVISORY Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.  In particular, forward-looking information in this press release includes, but is not limited to periodic updates of results, testing programs and results, negotiations with third parties concerning potential business transactions, and the timing of certain going forward projects.  Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information.  Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation.  Readers are cautioned not to place undue reliance on forward-looking information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. On Behalf of the Board


Thriveni Apparels and Textiles Private Limited (TATPL) a subsidiary of Thriveni Earthmovers Private Limited, one of the largest Mine Developer Operator in India has signed a Memorandum Of Understanding with Government of Jharkhand -- The Groundbreaking Ceremony of the factory was felicitated by the Honourable Chief Minister of Jharkhand Shri Raghubar Das in Hotwar, Ranchi on 18May, 2017. The main objective of the undertaking is to create employment opportunity especially to women folk of project affected area, by the way of establishing self-sustaining industry. The government of Jharkand has accepted the proposal for land allocation for setting up the textile plant/unit. Many thanks to the government of Jharkhand for their extended support in facilitating this initiative. The state of Jharkhand being one of the most progressive & business friendly destinations in the country, Thriveni Earthmovers (TEMPL) is sure that it would be a long term & sustainable relationship with more business avenues in the future. Once again congratulations to the State of Jharkhand for being the preferred State for investments opportunities & encouraging and attracting investors.The project is likely to benefit 17 villages of Chepakalan, Sandikalan and Sindiwari panchayats of Barkagaon block. The project aims to give employment to 1000 people especially women. The project is driven not by profit motif but to develop the people of the area inclusively. socially and economically.Thriveni Sainik Mining Private Limited (TSMPL), a joint venture between Thriveni Earthmovers Pvt Ltd and Sainik Mining and Allied Services Limited, is the Mine Developer Operator for NTPC and has commenced mine development and operation of Pakri Barwadih Coal Mining Block (Western Pit) in Barkagaon, Hazaribag since March, 2016. This novel venture, in association with TSMPL will develop skill in garment and footwear making among the women folks making them employable in Thriveni Apparels and Textiles Pvt Ltd.


News Article | May 15, 2017
Site: news.europawire.eu

LONDON, 15-May-2017 — /EuropaWire/ — London Stock Exchange plc has welcomed the first bonds to list on its new International Securities Market (ISM), an additional market for the issuance and trading of UK and international primary debt targeted at institutional and professional investors. India’s NTPC Bond is now available for trading on ISM, which went live on 8 May 2017 following the publication of its rulebook. Virgin Money’s existing issue of AT1 capital securities, issued on 8 November 2016 and already listed on other markets, will also be admitted to trading on the ISM. As one of the world’s most international capital markets, around 70% of all bond secondary trading activity is conducted out of London and as such issuers on ISM have access to one of the deepest pools of global capital. ISM has been designed to meet the demands of issuers and investors to improve the effectiveness and competitiveness of the UK primary debt markets providing greater choice for a variety of fixed income issuers. To find out more about ISM, visit: www.lseg.com/ism Nikhil Rathi, CEO, London Stock Exchange plc: “London Stock Exchange is delighted to announce that its new International Securities Market is now live and welcomes the first bonds to begin trading on the platform. The International Securities Market will provide UK and international fixed income issuers an additional efficient London listing venue, giving them access to the City’s deep pool of global capital and an international investor base. “In particular, we are honoured to welcome the support of Shri Piyush Goyal, India’s Minister of State for Power, Coal and Renewable Energy, for our new market. London Stock Exchange is the global home for Masala bonds raising over $5 billion for supranational, municipal and private company institutions on its markets. We are also very grateful for Virgin Money’s support of the new market. We remain committed to building on this position working to support future issuance through our innovative new debt market.” Shri Piyush Goyal, India’s Minister of State for Power, Coal and Renewable Energy: “I am pleased that India’s NTPC is one of the first companies to list their recent Masala Bond on London Stock Exchange’s innovative new debt market. London has been a long term partner for Indian firms looking to raise finance in the global capital markets and the development of an additional platform for the listing and trading of fixed income should be welcomed.” Jayne-Anne Gadhia, CEO at Virgin Money said: “We are delighted to support the new International Securities Market at the London Stock Exchange. The new market will improve the competitiveness of UK primary debt markets and support the requirements and demands of issuers and investors alike. Additional choice for debt issuers should attract future issuance and provide an efficient, broader and deeper market in the UK.” Mr. Kulamani Biswal, Director (Finance) at NTPC said: “The listing of NTPC Masala Bonds on ISM as the maiden issue on the market marks the growing cooperation between NTPC and LSE, this being the second time NTPC has listed its Notes on LSE. To NTPC and other issuers from India and across the globe, this provides an opportunity to access quality investors for meeting our financing needs. The tremendous response to NTPC Masala Bonds enthuses us to look at offshore funds as a regular source of financing our Capex needs.” The information in this press release is not an invitation or inducement to acquire any bonds or securities and should not be treated or represented as such by any recipient of this Press Release. AT1 capital securities may not be sold to retail clients in the European Economic Area other than in very limited circumstances


News Article | March 1, 2017
Site: cleantechnica.com

Tata Power Solar, part of one of the most reputed industrial conglomerates, has achieved a significant milestone that no other Indian solar module manufacturer has achieved. Tata Power Solar recently announced that it became the first Indian manufacturer to have shipped out 1 gigawatt of solar power modules. The company has seen rapid expansion and growth in production as well as exports over the last few years. Found in 1989 as Tata BP Solar, the company set up it first manufacturing unit in 1991 with a minuscule capacity of 3 megawatts. In 2000, the company achieved Rs 100 crore in sales and also became the first company to upgrade cell manufacturing with a plasma-enhanced vapour deposition system. In 2001, the company achieved Rs 100 crore sales from exports, which increased to Rs 300 crore in 2004. Tata BP Solar increased solar cell manufacturing capacity to 52 megawatts in 2007 and to 84 megawatts in 2009. In 2011, Tata Power Solar became a subsidiary of the Tata Group, following the exit of BP from the joint venture. After that, the company expanded its operations as well as EPC services rapidly to match the expansion in the Indian solar power market. In 2012, the company increased its module manufacturing capacity to 200 megawatts. It also commissioned the world’s largest rooftop solar power project of 12 megawatts of capacity the same year. Last year, the company commissioned a 100 megawatt solar PV project at NTPC’s Anantapur solar power park. The project is the largest solar power project to use Indian-made solar power modules. Tata Power Solar remains one of the largest solar cell and module manufacturing companies in India. As of 31 December 2016, the company had solar cell production capacity of 300 megawatts and solar module manufacturing capacity of 400 megawatts. Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


News Article | November 25, 2016
Site: cleantechnica.com

After China, India is the only developing country in the top 10 labeled green bonds market in terms of issuance, a recent report by the Climate Bonds Initiative notes. The cumulative issuance of labelled green bonds in India this year stood at $2.7 billion up to early October 2016, which makes it the 7th largest issuer globally. Climate Bond Initiative also notes the best practices being followed by various Indian companies as well as government institutions. Five of the seven bonds issued in India this year were either certified or reviewed by external auditors. Green bonds issued by Hero Future Energies, Axis Bank, ReNew Power Ventures, and NTPC were certified against Climate Bonds Standard. These green bonds raised a total of US$915 million. A $500 million issue by Greenko Energy Holdings was reviewed by Sustainalytics. Climate Bond Initiatives also notes that India is the only country, apart from China, to have issued national-level guidelines for issuance and listing of green bonds at stock exchanges. Earlier this year, the Securities and Exchange Board of India (SEBI) issued final guidelines on the issuance of green bonds. The Board has not stated a blanket definition of green bonds and will specify it ‘from time to time’. The Board made optional the requirement for independent third party reviewer/certifier/validator, for reviewing/certifying/validating the pre-­issuance and post-issuance process, including project evaluation and selection criteria. However, it will be mandatory for the issuer to make disclosures including use of proceeds, list of projects to which Green Bond proceeds have been allocated, etc., in the annual report/periodical filings made to the stock exchanges. The green bonds market in India was first tapped by private sector banks in early 2015. However, now public sector entities are also looking to significantly increase their issuance through masala bonds. The long list of Indian companies planning rupee-denominated green bonds include Power Finance Corporation, NTPC, Neyveli Lignite, PTC India, and Rural Electrification Corporation. The masala bonds (as rupee-denominated bonds are commonly referred) will be listed in the UK, possibly on the London Stock Exchange. Piyush Goyal, Minister of Power, said that these bonds are likely to have small sizes of $150-200 million, and have tenors of 5 to 7 years. Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


News Article | January 7, 2016
Site: cleantechnica.com

With rapidly increasing interest in the solar power development market in India, companies are now looking to expand the solar cell and module manufacturing capabilities too. RenewSys India has announced that it placed an order with European companies to set up 100 MW of solar cell production in Hyderabad, India. The new production line will add to the company’s existing 30 MW capacity. The company also announced that it plans another order of 100 MW in the third quarter of 2016 and fosters plans to have an annual production capacity of 500 MW. The company will also increase the 80 MW production line for solar modules, also located in Hyderabad. The Indian government plans to have an operational solar power capacity of 100 GW by April 2022. While the majority of this capacity is expected to use low-cost imported solar modules, a significant amount of capacity will have to be set up using solar cells and modules assembled in India. Projects to be commissioned under the Domestic Content Requirement will be set up with government-owned companies and entities like the Indian Railways, Indian Armed Forces, NTPC Limited, and NHPC Limited, among others.   Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”   Come attend CleanTechnica’s 1st “Cleantech Revolution Tour” event → in Berlin, Germany, April 9–10.   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.  

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